Podcasts about q3 gdp

This is Nelson John, and I'll bring you the top business and tech stories, let's get started. Wall Street Reverses Course After Tariff Jitters Wednesday's rally? Short-lived. U.S. stock markets nosedived Thursday, giving back most of their gains after optimism over Trump's temporary tariff pause faded fast. The S&P 500 fell 3.46%, the Dow lost 1,014 points, and the Nasdaq dropped 4.31%, dragged down by a brutal tech sell-off—Tesla plunged 8%, Nvidia and Meta slid 7%, and Apple fell 4%. What triggered the sell-off? A White House clarification revealed that tariffs on Chinese imports will spike to 145%, not 125% as previously suggested. Even a soft inflation report couldn't soothe investor nerves. Message from the market: relief rallies are fragile, and volatility may be the new normal.

On the Mike Hosking Breakfast Full Show Podcast for Thursday 19th of December, Heather du Plessis-Allan asks just how bad is our Q3 GDP will be, and whether we'll slip back into a technical recession? High Performance Sport NZ has decided who they're dishing out the funding to – so who are the winners and losers? Kiwi actor and NZ Order of Merit recipient Mark Hadlow is bringing back his stage show 'Middle Aged Man in Lycra', by doing a sequel - ‘Grumpy Old Man in Lycra'. Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts. LISTEN ABOVE See omnystudio.com/listener for privacy information.

Kia ora,Welcome to Monday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news of a large number of key new releases to end the year.It might be the final full week before the summer holidays (in New Zealand), but there will be a lot going on and a lot to follow. Here of course it is the week when corporates and the government release their 'bad news' stories in the hope people are distracted. Then the REINZ will release its November data. And there will be a full dairy auction on Wednesday morning. Thursday will bring our Q3 GDP, expected to confirm we have been in recession.But there is not a lot on the card from Australia this week, other than a consumer sentiment survey from Westpac which we need to keep an eye on.Globally, the big set piece will be the US Fed's monetary policy review on Thursday NZT. A -25 bps cut is expected there. And that comes in the middle of a large raft of important US data updates. China has a good chunky set too. Japan will chime in with its own, including their rate review where now, no change is anticipated. There are other central bank reviews as well, from Sweden (uncertain), Norway (no change), Indonesia (-25 bps), Taiwan (no change), Thailand (no change) and the Philippines (-25 bps). Russia is also expected to push its policy rate up by +200 bps to 23%. Canada and the EU will have their own key data releases.In the meantime we start the week with global interest rates on the move up and the US rate inversions have now vanished. Except in China where there is a rush on for the safety of Government bonds which is driving down yields to record lows. And positive-sloping yield curves are returning.As we noted, the US Fed is expected to cut rates by -25 bps at its December meeting next week on Thursday NZT, bringing the benchmark range to 4.25%-4.50%, and a full percentage point drop since September. Economists anticipate slower cuts ahead, with only three reductions projected for 2025. Those cuts may be delayed if inflation remains above the Fed's target.As the Trump team prepares for the transition, its anti-regulation focus is coming into view. They are seeking candidates to eliminate or eviscerate the FDIC (sought by big banks), and rid themselves of car-crash reporting (as sought by Elon Musk). The billionaire sharks are going after consumer protections.Canadian manufacturing sales were up strongly in October, their best growth spurt in nearly two years. That made them +1.4% higher than the same month a year ago. While that isn't quite besting inflation, the recent moves up will be encouraging them.Across the Pacific, Chinese banks extended just ¥580 bln in new yuan loans in November, less than half the same month a year ago, and nearly half of what was expected. This is the lowest new lending for a November since 2012. The decline took place despite the aggressive monetary stimulus measures from the PBoC in late September in an attempt to halt the property market downturn. There have also been much higher levels of local government debt issued in that time too. Poor credit demand in China is saying a lot about Beijing's management of their economy and its prospects.President Xi and his top team have been meeting in their big set-piece Central Economic Work Conference, and what is glaringly obvious from this so far, is that they don't know what to do, and financial markets are sensing that with their pullbacks.But it sounds like they are preparing to cut both key policy rates and their reserve requirement ratio in 2025, according to a report here.EU industrial production is still in its decline phase, now stretching to 18 consecutive months. It will be little comfort to them that the October decline was smaller than the prior month.In Australia, a report suggest that auction clearance rate in Sydney have fallen sharply over the weekend to be just on 50%, a long way lower than the about-80% level of just a few weeks ago.The UST 10yr yield is now at just on 4.40%, up +1 bp from this time Saturday. But that is quite a move for the week, up +26 bps.The price of gold will start today at US$2647/oz and down -US$11 from Saturday.Oil prices are firmish but still just over US$71/bbl in the US while the international Brent price is still just on US$74.50. The Kiwi dollar starts today still just under 57.6 USc and unchanged from Saturday, but down -70 bps from a week ago. Against the Aussie we are unchanged at 90.6 AUc. Against the euro we are up +10 bps at 54.9 euro cents. That all means our TWI-5 starts today at just on 67.6 to be unchanged from yesterday, and down -40 bps from a week ago.The bitcoin price starts today at US$103,011 and up +1.5% from this time Saturday. A week ago it was at US$101,044. Volatility over the past 24 hours has been modest at +/- 1.4%.You can find links to the articles mentioned today in our show notes.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

Over in the US on Monday afternoon trade, Wall St has pulled back from record territory as investors look ahead to key inflation data out later this week in the US. The Nasdaq and S&P500 retreated from record highs to end the day down 0.61% and 0.61% respectively, while the Dow Jones ended the day down 0.54%. Nvidia shares lost 2.6% on Monday following a Chinese regulator announcing it is investigating the AI semiconductor giant for potentially violating the country's antimonopoly law.In Europe overnight, markets mostly extended the positive run from last week into the new trading week as investors assessed further stimulus talks out of China, a key trading area for Europe. The STOXX 600 rose for an eighth straight session to close 0.14% higher, Germany's DAX fell 0.19%, the French CAC rose 0.72% and, in the UK, the FTSE100 ended the day up 0.52%. Chinese leaders on Monday promised more proactive fiscal measures and moderately looser monetary policy for next year.Across the Asia region on Monday, markets closed mixed amid revised economic growth data out of Japan and on the release of China's November inflation data. Japan's Q3 GDP growth was revised up from 0.2% to 0.3% on a QoQ basis which topped analysts' estimates and boosted Japan's Nikkei to a 0.1% rise on Monday. China's CPI or inflation data on the other hand was also released on Monday and had the opposite response from investors as inflation in the region rose 0.2% YoY in November which missed expectations and was a decrease from the 0.3% rise in October indicating further sluggish recovery in the region, this led to China's CSI index falling 0.6% on Monday. Hong Kong's Hang Seng also fell 0.6% on Monday and South Korea's Kospi Index ended the day down over 2% on political instability.The local market had a lacklustre start to the week however recovered from early losses on Monday to end the day with a rise of just 0.03%. Consumer discretionary stocks boosted the market to a positive close yesterday with a rise of 0.64% while the energy sector fell 1.05% tracking the weaker price of oil over recent weeks.Aussie telco provider Superloop rallied 1.8% on Monday after announcing it has entered a deal to acquire Optus' subsidiary brand Uecomm for $17.5bn which will add over 2000km of high-capacity fibre assets to Superloop's brand.Platinum asset management tumbled 14.35% on Monday after its takeover talks with Regal Partners ended with no deal reached. This was on top of Platinum also announcing its Funds Under Management took a major hit in November.And capital raisings hit a few companies share prices yesterday with Calix ending the day down 12.22% after announcing the completion of an institutional placement that raised $20m at 75cps, while Paradigm Biopharmaceuticals tumbled 7.76% after raising $16m at 40cps, which is over a 30% discount to the previous closing price of the share.What to watch today:Ahead of Tuesday's session on the ASX the SPI futures are anticipating the ASX will open the day up just 0.04%.On the commodities front this morning, oil is trading 1.95% higher at US$68.51/barrel, gold is up 1.25% at US$2666.13/ounce, and iron ore is down 2.05% at US$104.11/tonne.The Aussie Dollar has further weakened overnight to buy US$0.64, 97.70 Japanese Yen, 50.19 British Pence and NZ$1.10.We may also see investors react to the RBA's rate decision and commentary around the last rate decision for 2024 this afternoon where it is widely expected Australia's central bank will hold the cash rate at the current level of 4.35%. Trading Ideas:Bell Potter has downgraded the rating on Platinum Asset Management (ASX:PTM) from a hold to a sell and have significantly dropped the price target on the company from $1.21 to 74cps following funds under management dropping over 10% in November to $10.957bn and on the back of merger talks ending with Re

This evening we look at the markets with FNB Wealth and Investments, Capital Appreciation joins us to discuss its financials, we speak to Werksmans Attorneys about a potential probe into local flight prices, Old Mutual unpacks recent GDP data, and Nedbank gives us its outlook for the agricultural sector in 2025. SAfm Market Update - Podcasts and live stream

Kia ora,Welcome to Monday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news China is still stuck in its rut, the US twisted by tariff talk, Japan sees progress, and Russia's currency gets a big downgrade.But first, this coming week will end with the US non-farm payrolls report, and analysts expect a sharp recovery to +183,000 added jobs, far higher than the unusual (pre-election) October report of just +12,000. Before that they will deliver their JOLTs report, and there will be factory order data, more PMIs, and more sentiment surveys.India will review its official interest rate. South Korea and Turkey will report CPI inflation rates. Australia will report its Q3-GDP on Wednesday. And there will be many other PMI reports.In fact, over the weekend, China said its official factory PMI made a tiny improvement to maintain its small expansion. It was its second 'positive' result in a row and its best since April. At the same time the minor positive reading for its services sector disappeared. Taken together, this paints a picture of an economy without any expansion. We will get the Caixin PMI data tomorrow, and that has tended to be marginally more positive recently.In Japan, their central bank boss said they are "approaching" a decision with a view they will raise their policy rate from the current 0.25% to 0.50%. They like their current data track, but they hesitate because they don't have a firm fix on the damage the incoming US Administration will do."I am not worried much about Japan's financial system because ample capital, stable deposits and access to liquidity have been ensured," he said. In contrast, he noted that "non-bank financial institutions are posing a grave problem" in the US and added that "they deserve to be closely monitored."Japanese consumer sentiment recovered somewhat in November, still positive, but nothing like what they had from December to March earlier in the year.Japanese retail sales rose +1.6% in October, recovering from the weak September expansion, but still much lower than what they have achieved monthly since early 2022. At least it is back heading in the "right" direction.And Japanese industrial production rose +1.6% in October from a year ago, ending two months of retreatSouth Korea's industrial production rose in October at a very strong +6.3% pace from a year ago, after the unusual stumble in September, returning to the average expansion they have had since September 2023. So it will be no surprise to learn that their exports kept rising strongly in October, as did their imports.However Korean retail sales slipped in October to be -0.8/% lower than a year agoIndia's economic expansion is 'consolidating', delivering a somewhat disappointing Q3-2024 result. Their economy rose +5.4% from the previous year, slowing from the +6.7% expansion in Q2-2024 and well below market expectations of a +6.5% increase. It was their softest pace of growth since Q4-2022. Still, even at the latest lower rate, it is rising on a per capita basis.This miss adds pressure on the Reserve Bank of India to cut its policy interest rate which currently stands at 6.5%. They review it next on Friday.The Indian currency fell on the news to a record low against the USD. Although not a record low against the NZD, it is has been close to that since the whole period from end of 2020.In the US, early reports from card companies and industry monitors show that in-store retail sales growth for Back Friday sales was quite modest - even disappointing - and up only +0.7% from the same day a year ago. But online sales activity burst higher, up more than +14% on the same basis.In Canada, their Q3-2024 GDP growth came in +1.0% higher than a year ago, up +0.3 for the quarter. This was not enough to prevent a fall in per capita GDP. On that basis it fell -0.4% in the third quarter, which was the sixth consecutive quarterly decline.In Europe, inflation expectations in the euro zone for the year ahead edged up slightly in October to 2.5%, and stayed steady for three years out at 2.1%, the ECB's monthly Consumer Expectations Survey showedEU CPI inflation rose to 2.3% in October, up from 2.1% in September, but still clearly in a down-trend that started in November 2022.In Russia, their currency suddenly fell over the weekend to near record lows (a record if you exclude the full invasion spike in 2022). The falls were not only vs the USD, but the Chinese yuan as well. The economic pressure on the Russian economy is mounting as it suffers severe distortions and indigestion, the longer it presses its invasion of Ukraine.In Australia, private sector debt rose +6.1% in October from a year ago, driven primarily by business debt growth, up +8.3% on the same basis, but housing debt growth was up +5.3% too. Other personal debt only rose +2.2% in October. (From a Kiwi perspective, these are relatively fast rises. Late last week equivalent RBNZ data showed business debt rising only +1.1%, housing debt rising only +3.5%, and personal debt up only +1.7% in the year to October.)In Australia there is some scepticism that their debt tide rise will be maintained.And their housing market is showing signs of exhaustion. November data shows sales volumes -4.6% lower than a year ago. The largest drop in the volume of home sales has been in Sydney, where sales over the rolling quarter were estimated by CoreLogic to be more than -15% lower than a year ago. But that isn't easing their rental crisis where the vacancy rate is less than 1%.The UST 10yr yield is now at just on 4.18%, unchanged from Saturday but down -23 bps from this time last week. The price of gold will start today at US$2649/oz and down -US$10 from this time Saturday, and down -US$56 from this time last week.Oil prices are little-changed, still just over US$68.50/bbl in the US while the international Brent price is just under US$72.50/bbl. A week ago these levels were $2.50/bbl higher, so a retreat from then.The Kiwi dollar starts today at 59.3 USc and up +10 bps from this time Saturday. But it is up +1c from this time last week. Against the Aussie we up +60 bps at 90.8 AUc. Against the euro we unchanged at 56 euro cents. That all means our TWI-5 starts today at just over 68.6, and little-changed from Saturday, up +50 bps from a week ago.The bitcoin price starts today at US$97,372 and up a minor +0.3% from this time Saturday. Volatility over the past 24 hours has been low at +/- 0.9%.You can find links to the articles mentioned today in our show notes.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

US equities finished mostly lower in Wednesday trading, though ended off worst levels, with the Dow Jones, S&P500, and Nasdaq closing down 31bps, 38bps, and 60bps respectively. October core PCE was in-line, while October durable-goods orders were a bit below consensus. Second estimate of Q3 GDP was unchanged at 2.8%. October pending home sales were higher m/m vs expectations for a decline. Elsewhere, today's $44B auction of 7Y Treasury notes stopped through.

This week brought a flurry of critical developments, with Scott Bessent named as Treasury Secretary, signaling potential shifts in U.S. fiscal policy. Known for his bond market expertise, Bessent's appointment caused gold prices to dip and led to fresh buying of bonds with 10-year yields falling 7bp on Monday's open. Meanwhile, Bitcoin hit an all-time high of $99,500, reflecting growing crypto optimism under the new administration. In economic data, the U.S. saw mixed PMI numbers, with services surging to 57 (est 55) while manufacturing stagnated at 48.8 (est 48.8). Unemployment trends raised concerns, with continuing claims rising to a three-year high. However, U.S. corporate bond spreads hit record lows, pointing to potential bubble risks. European data continues to disappoint, with German and French PMIs remaining weak. The Eurozone 5yr5yr forward inflation swap fell to 2%, sparking discussions of deflationary pressures. Meanwhile, UK retail sales dropped, and CPI rose to 2.3%, stirring market concerns.Key events for the week include:Tuesday: Fed minutesWednesday: U.S. PCE price index, Q3 GDP, Durable goods ordersThursday: Eurozone inflation, Canadian GDP, Thanksgiving holidayFriday: U.S. PMIs, Consumer sentiment, Eurozone services PMI, UK retail salesSaturday: Chinese manufacturing and services PMI data#MacroMonday #EconomicAnalysis #ScottBessent #PMIData #Crypto #Bitcoin #TreasurySecretary #GoldPrices #USEconomy #EuropeEconomy #Deflation #Inflation #RateCuts #BondMarket #MarketTrends #OilPrices #FedMinutes #GDP #PMI #ConsumerSentiment #MiddleEastTensions #ChinaData #UKRetailSales #Eurozone Follow us: YouTube: https://www.youtube.com/@worldofoilde...LinkedIn: https://www.linkedin.com/company/onyx... X: https://x.com/Ony

Kia ora,Welcome to Monday'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 the US and India are driving global demand currently.First, in the week ahead, the major even for us will of course be the Wednesday RBNZ Monetary Policy Review, the last one for 2024. And markets have priced in a full -50 bps cut in the OCR, a setting that will have to last them though to mid-February.South Korea will also review its policy interest rate benchmark this week.In the US, they will release a packed set of data until Thursday (NZT) because for them the week ends with their major Thanksgiving holiday, and the related major retail activity that kicks off the period until the end of year. Coming this week from them are October PCE inflation data, and update of their Q3 GDP, durable goods order data, and some more sentiment surveys.There is not much economic data due from China this week, but Japan will have a set including updates for retail sales and industrial production. Canada and India will deliver GDP updates, and Australia and the EU will come up with inflation data updates.Over the weekend the US manufacturing PMI for November stayed in contraction territory, hardly moving from the prior two months. But their services PMI rose strongly to a much faster expansion, and a 32 month high. There were no inflationary signals in this survey. Business expectations were the highest level since May 2022, reflecting optimism about potential interest rate cuts, stronger economic growth, and pro-business policies.On the consumer front however, the November University of Michigan sentiment for November was down-graded from its 'flash'-reported rise, so that in fact little improvement was evident in the month. These sentiment levels remain about -30% lower than pre-pandemic levels.Canadian retail sales rose unexpectedly in October and now for a fourth straight month. Excluding car sales, which were strong in September, a small correction was expected. But in fact the non-car retail activity rose very strongly. Perhaps the recent Bank of Canada interest rate cuts are working? They have trimmed -125 bps since May this year and now have an official cash rate of 3.75%.Japanese inflation fell again in October, now running at an annual rate of +2.3%. That is sharply lower than the 3% rate they had in August but it is still within their central bank's target range.And staying in Japan, their November PMI stayed positive, also bolstered by the service sector, but manufacturing output contract less - in fact hardly at all - in November which was a good improvement for them.In India, they again reported strong expansions in both their factory and service sectors. But worryingly, there are tangible signs of serious economic over-heating with cost inflation pressures near extreme levels. Something will break soon. And climate over-heating could also leave the economic situation in a messy place.In China, a selloff in Chinese stocks deepened on Friday as disappointing tech earnings hurt sentiment already weakened by concerns over Trump's imminent return.In Europe, their PMIs were disappointing again, with the expansion in their services sector ending, and it joining the contraction they have had for a while in their factory sector. New orders slipped for a sixth month running. Although still modest, the rate of contraction in November was the most marked since January.In Australia, their November PMIs were also again disappointing. Business activity slipped as services activity joined manufacturing output in contraction. The reduction in activity coincided with a slowdown in new order growth while external demand remained subdued. But despite this, business sentiment was resilient as confidence in future conditions reached a 15-month high. Go figure.The UST 10yr yield is now at just on 4.41% and little-changed from Saturday at this time. A week ago it was +4 bps higher.The price of gold will start today at US$2716/oz and up another +US$10 from this time Saturday. That makes the weekly gain +US$149 or up +5.8%.Oil prices are holding at just over US$71/bbl in the US while the international Brent price is still just under US$75/bbl. A week ago these prices were -US$3.50 lower respectively.The Kiwi dollar starts today at 58.3 USc and unchanged from this time Saturday but down -40 bps in a week. Against the Aussie we are still lower at 89.7 AUc. Against the euro we still at 56 euro cents. That all means our TWI-5 starts today at just on 68.3, little-changed from Saturday but down -40 bps in a week.The bitcoin price starts today at US$96,743 and down -2.3% from this time Saturday. Volatility over the past 24 hours has been moderate at +/- 2.3%.You can find links to the articles mentioned today in our show notes.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again on tomorrow.

Brian Lee, Economist, Maybank Securities discusses how the electronics recovery has helped the manufacturing sector be a bright spot for the third quarter. On the risk front, he shares how a potential tit for tat tariff war between the US and China could spillover to weigh on wider regional growth. Produced/Presented: Ryan Huang  See omnystudio.com/listener for privacy information.

This week we discuss recent employment statistics, September's PCE numbers, and Q3 GDP.

It's been a busy past week with European Q3 GDP data and an expansionary UK budget, which led to a rise in European and UK bond yields. We also saw China PMI data print a tiny bit better and a pretty solid Q3 GDP growth report in the US. Over the coming week, it's crunch time in the US with the election finally upon us. We discuss how markets may react as the results start to roll in next week. We also have at least five central bank meetings to look out for, and with an expected 25bp rate cut in the US. Chapters: US (02:42), Europe (07:22), China (11:14), Rest of Asia (15:09)

US equities finished lower in Wednesday trading, selling off after midday and ending near worst levels, with the Dow Jones, S&P500, and Nasdaq closing down 22bps, 33bps, and 56bps respectively. Earnings were a major focus today, with more than half of the S&P 500 constituents now having reported; Alphabet, AMD, Caterpillar among notable reporters. Big beat for October ADP private payrolls, printing at 233K vs 108K consensus. Q3 GDP grew at a 2.8% SAAR against forecasts for 2.6%. September pending home sales came in much stronger than expected, rising 7.4% m/m.

This is a narration of our weekly Rent and Operating Trends Report.Retail Sales Stronger than Expected, AgainConsumer spending outpaced expectations in September, and August's better-than-expected results were unrevised. Retail sales were up 0.4% from the prior month and 1.7% from a year ago. Discretionary spending at restaurants, drinking establishments, and clothing stores helped boost the number. It is yet to be seen if strong sales will continue through the holiday season. While spending is up, consumer sentiment remains sluggish even though the Bureau of Labor Statistics recently reported strong wage growth and more moderate inflation.  Strong GDP Estimates for Q3 2024The Atlanta Fed's latest estimate for Q3 GDP growth is 3.4%. The organization's model, GDPNow, had it as low as 2% in August, but recent economic reports gave it a boost during the last two months. The Bureau of Economic Analysis will release its advance estimate of GDP on October 30.There is growing sentiment that continued strength in the economy could lead to a more moderate interest rate cut of 25 basis points by the end of the year.  Permitting for Multifamily Housing Yet to See an UptickFor the 12 months ending September 2024, total housing permits were down 2.9% from the prior month and down 5.7% from a year ago on a seasonally adjusted basis. Permitting for multifamily units continued to be the main driver of the decline. The industry had 398,000 units permitted in the last year, down 17.4% on an annual basis. The latest multifamily permitting level is down significantly from the construction boom period a couple of years ago when it eclipsed more than 700,000 units permitted within a 12-month period, but it is also down from the period immediately before the pandemic. From 2015-2019, the industry's annual permitting level averaged 442,000 units. Normal, or even muted, levels of supply are on the way the next couple of years which should help operational metrics rebalance after a period of significant challenges. Multifamily HighlightsTraffic and occupancy continued to tick down in the latest week's results. The trend can mostly be attributed to seasonality, but the rates themselves are weaker than in other comparable periods.Headed into 2024, Radix forecasts indicated occupancy would average at lower rate than the prior year due to elevated supply and slowing job growth. That prediction has come to fruition, but results are expected to rebound in 2025 as supply slows significantly in many markets. Effective rents were stable from the previous week. If occupancy improves in 2025, concessions should moderate. As of the latest week, roughly half of markets had lower effective rents compared to the prior year.Explore our webpage for more insights and resources:https://bit.ly/Radix_Website 

摘要 一， 10月17日，美國勞工部公佈，截至10月12日為止當週，首次申請失業救濟金人數較前週修正值（上修2,000人）減少19,000人至241,000人，優於經濟學家平均預估的26萬人。同一天，美國商務部也公布9月零售額，月增幅度明顯高於8月份，顯示暑假結束後，民眾仍持續消費，美國經濟仍具有彈性。 不過，10月11日，美國勞工部公布，9月CPI月增率與8月同為0.2％，高於市場預期的0.1％增幅。受通膨頑固、勞動市場略顯疲態影響，美國的金融市場波動加大，顯示美國經濟前景好壞參半，我們應該怎麼看待美國經濟發展？ 二， 10月18日，中國國家統計局公布初步核算數據，今年三季度中國GDP同比增長4.6%，增速較二季度回落0.1個百分點。這使中國經濟增速連續兩個季度低於5%的全面目標。 同一天，國際貨幣基金組織總裁格奧爾基耶娃在接受採訪時指出，中國的經濟增長模式必須從出口導向型轉為消費導向型，否則將面臨危險的增長放緩。 同時，市場持續等待中國擴大財政刺激政策細節公布，滬深 300 指數陷入波動修正，特點是漲速放緩，波動性加大，投資人心態顯示對中國經濟前景沒有信心。 我們應該怎麼對待中國端出的刺激政策，以及中國經濟到底出了什麼問題？ Powered by Firstory Hosting

美國Q3財報季出爐 川普民調超車賀錦麗 通膨降溫 歐洲央行第三次降息至3.25% 中國 Q3 GDP成長4.6% 加大刺激措施拼保5 -- Hosting provided by SoundOn

US futures are signaling a mixed open today, following a similar trend seen in European and Asian markets. Market attention is focused on China's latest economic data, where Q3 GDP growth slowed less than expected on a year-over-year basis. Strong September activity data helped offset concerns about the slowdown. Meanwhile, China's property market continues to struggle. Geopolitical tensions remain a key concern, with Israel's military targeting Hamas leaders, intensifying calls to end the war in Gaza. Discussions also continue around Israel's response to an Iranian missile attack.Companies Mentioned: Intel, Marvell Technology, Apple, CSX Corp, Canadian Pacific Kansas City

Selena Ling, Chief Economist, OCBC Bank discusses what drove the manufacturing sector to expand 7.5%, reversing a contraction in the prior quarter. While the third quarter paints puts Singapore's annual growth projections on track, she outlines the key risks to the Singapore economy ahead. Produced/Presented: Ryan HuangSee omnystudio.com/listener for privacy information.

This interview with Jonny Mathews explores why he believes we aren't headed for a recession, how real consumption will likely drive Q3 GDP higher, and why he thinks unemployment will moderate. We also discuss the market opportunities he's seeing, hitting home run trades, and much more. __ Follow Jonny Mathews on Twitter https://x.com/super_macro Subscribe to Super Macro at https://super-macro.com/ 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_ __ Timestamps: (00:00) Introduction (00:45) Are We Headed For A Recession? (03:09) Income Growth Is Driving Consumption (05:45) Household Savings (07:44) Unemployment Will Moderate (15:40) Credit Markets (19:48) Permissionless Ad (20:48) Job Market Revisions (23:47) Opportunities In Fixed Income (27:32) Trading Interest Rates (30:53) Will Inflation Continue To Fall? (35:42) Labor Market Data (39:31) Opportunities In The UK (50:30) Home Run Trades (52:55) The Gold Market (55:33) China Outlook (01:01:24) S&P 500 Earnings (01:05:29) AI & Productivity (01:09:29) Super Macro Note (01:12:05) Jonny's Trading Experience (01:18:13) Stocks Over Bonds (01:20:27) Cumulative Personal Savings __ 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

On today's episode, financial journalist Govindraj Ethiraj talks to Vivek Kumar of QuantEco Research as well as Rama Bijapurkar, consultant on all things consumer markets and director on boards of leading companies.SHOW NOTES(00:00) Stories Of The Day(04:12) High tax collections, base effect takes India Q3 GDP to 8.4%, beats all estimates.(14:23) Tata's lead Rs 126,000 crore worth semiconductor projects to kick off in next 100 days.(15:47) India's electronics exports to the US, as a ratio of China's, tripled last year. (17:21) Are Indian companies giving up on mass market products too soon in shift to premiumisation?(25:56) Why Hong Kong has had the world's worst-performing major stock market in a quarter of a century.For more of our coverage check out thecore.in--Support the Core Report--Join and Interact anonymously on our whatsapp channelSubscribe to our NewsletterFollow us on:Twitter | Instagram | Facebook | Linkedin | Youtube

In this episode of Market Minutes, Lovisha Darad talks about the key factors that will shape market movements on March 1. Some of the top stocks to watch in trade are auto stocks, Paytm, Adani Enterprises, and ICICI Bank. Globally, the NASDAQ Composite ended on a record note, while Asia-Pacific markets were also mostly higher after an in-line inflation print from US. Also, catch Rajani Sinha of CareEdge Rating on Voice of the Day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, key data points, and developing trends.

Today's Q3 GDP report caught several economists by surprise. GDP fell 0.3 per cent in the September quarter, lower than the predicted 0.2 or 0.3 percent growth forecasts had predicted. Across the whole year, GDP fell 0.6 percent overall, sparking more grim predictions. NZ Herald business editor at large Liam Dann says Luxon's inherited a long-running recession to address. LISTEN ABOVE  See omnystudio.com/listener for privacy information.

Call it what you will, this week it's all about money, and it's importance when it comes to the property market. Kicked off, due to Kelvin's article on the 10 things to know about mortgage debt right now, Nick and Kelvin detail how the cost and availability of credit truly make the property world go around. This is true for investors, first home buyers and other owner occupiers moving house as affordability remains squeezed due to high prices and high interest rates. Nick takes the opportunity to delve into the latest Buyer Classification series for each of the main centres and reveals some of the key differences. Kelvin also covers off the latest RBNZ data on how long borrowers are fixing their mortgage rates/payments for.The main thing to look out for this week is the Q3 GDP data, but our annual best of the best report will also be available from Wednesday.Sign up for news and insights or contact on LinkedIn, Twitter @NickGoodall_CL or @KDavidson_CL and email nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz

Reko Nare from Anchor Capital on where he's looking for value on the JSE into 2024. Keith McLachlan Integral Asset Management on Transaction Capital results as they shift strategy. Old Mutual's Johann Els on negative Q3 GDP data, are we on track for a technical recession?

Old Mutual Group chief economist Johann Els takes heart from what he has termed ‘privatisation by stealth'.

There are a lot of narratives flying around right now regarding the economy, the stock market, recession risk, jobs, inflation and what's going to happen next year. Given the recent 5%+ Q3 GDP print and one of the best Novembers on record for both stocks and bonds, bulls are back to saying "everything is awesome" again & 2024 will be a great year for making money Bears on the other hand point to near-record levels of overvaluation, recessionary leading indicators and warn the inevitable arrival of the lag effect will see the economy in recession next year and the return of a bear market. When sentiment is full of such crosscurrents, it's prudent to seek the counsel of those who take. cold and calculated look at the data, to see what "is" vs what our biases may want us to see. Which is why we're fortunate to speak with macro analyst Wolf Richter of WolfStreet.com, who will share with us what the charts he regularly compiles are telling him about the true state of today's economy & markets. To learn what's in store for this new Thoughtful Money channel, SUBSCRIBE FOR FREE to Adam's new Substack at https://adamtaggart.substack.com/ #recession #inflation #economy

This is a narration of our weekly Rent and Operating Trends Report.The U.S. economy was given another boost last week as Q3 GDP was revised upward to an annualized rate of 5.2%, making the rate of growth last quarter more than double the rate for the first half of this year. Q3 was also the strongest quarter for economic growth since 2021 when the U.S. economy was still working through the volatile declines and subsequent growth resulting from COVID-19. Consumer activity remains healthy and the employment market continues its upward climb. November job growth will be released on Friday, but I expect another steady month of job gains. Weekly unemployment claims remain in line with long-term averages. Explore our webpage for more insights and resources:https://bit.ly/3XBKJGH.

South Africa's economy contracted by 0.2% in the third quarter due to a sharp fall in the agriculture, forestry and fishing industry. Declines in construction, manufacturing and mining also weighed. Business Day TV unpacked the print in greater detail with Gina SChoeman, Economist at Citibank.

After a market rally in November, what can we expect in December? In this episode, Kathy Jones and Liz Ann Sonders recap the week of Thanksgiving and discuss revisions to the Q3 GDP numbers. They also look toward the week ahead and the economic indicators they are watching. Kathy Jones interviews economist Jens Nordvig, founder of Exante Data and MarketReader. They discuss the trajectory for inflation, whether we can expect Fed rate cuts in 2024, the long-term investment in AI, and the state of the U.S. dollar, among other topics. On Investing is an original podcast from Charles Schwab. For more on the show, visit Schwab.com/OnInvesting.If you enjoy the show, please leave a rating or review on Apple Podcasts.Important DisclosuresThe information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision. All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed. Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.All corporate names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Supporting documentation for any claims or statistical information is available upon request. The comments, views, and opinions expressed in the presentation are those of the speakers and do not necessarily represent the views of Charles Schwab.Investing involves risk, including loss of principal.Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications, and other factors.Treasury Inflation Protected Securities (TIPS) are inflation-linked securities issued by the US Government whose principal value is adjusted periodically in accordance with the rise and fall in the inflation rate. Thus, the dividend amount payable is also impacted by variations in the inflation rate, as it is based upon the principal value of the bond. It may fluctuate up or down. Repayment at maturity is guaranteed by the US Government and may be adjusted for inflation to become the greater of the original face amount at issuance or that face amount plus an adjustment for inflation. Treasury Inflation-Protected Securities are guaranteed by the US Government, but inflation-protected bond funds do not provide such a guarantee.Commodity-related products carry a high level of risk and are not suitable for all investors. Commodity-related products may be extremely volatile, may be illiquid, and can be significantly affected by underlying commodity prices, world events, import controls, worldwide competition, government regulations, and economic conditions.Currencies are speculative, very volatile and are not suitable for all investors.International investments involve additional risks, which include differences in financial accounting standards, currency fluctuations, geopolitical risk, foreign taxes and regulations, and the potential for illiquid markets. Investing in emerging markets may accentuate these risks.Diversification strategies do not ensure a profit and do not protect against losses in declining markets.The information and content provided herein is general in nature and is for informational purposes only. It is not intended, and should not be construed, as a specific recommendation, individualized tax, legal, or investment advice. Tax laws are subject to change, either prospectively or retroactively. Where specific advice is necessary or appropriate, individuals should contact their own professional tax and investment advisors or other professionals (CPA, Financial Planner, Investment Manager) to help answer questions about specific situations or needs prior to taking any action based upon this information.Past performance is no guarantee of future results and the opinions presented cannot be viewed as an indicator of future performance.The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.Indexes are unmanaged, do not incur management fees, costs, and expenses and cannot be invested in directly. For more information on indexes, please see schwab.com/indexdefinitions.(1223-39TS)

After covering positive market performance in the final week (Nov. 27-Dec. 1) of a very healthy November, DoubleLine Portfolio Managers Jeffrey Mayberry and Samuel Lau dive into the latest BIS paper on financial condition indices as the Topic of the Week (25:24). They go through the six indices that comprise the report, with a focus on the Goldman Sachs and Bloomberg indices that offer the most insight into U.S. economic performance. In their market review, Jeff and Sam talk about November's strong run in equities and fixed income, possibly assisted by Fed Chair Jerome H. Powell's cautious comments on the economy at the beginning of the month. The S&P 500 (1:06) experienced broad-based gains with energy the only one of 11 sectors to finish in the red. Fixed income's positive performance (4:11) was fueled by a rally in U.S. Treasury rates, and the Agg had its best month since May 1985. Commodities (8:29), as an asset class, did not participate in the boom. After taking Thanksgiving week off, there was a lot for MMM to cover in Macro Land (12:02), including the latest LEI print, labor numbers, home prices, a bumped-up Q3 GDP estimate and a PCE print reflecting strides in the Fed's inflation fight. In the Fedspeak roundup (19:53), Jeff and Sam appreciatively note the clashing and evolving hawkish and dovish stances of Fed officials reflecting a range of opinions. Next week's macro prints (34:53) will include the ISM services report and job numbers.

【停火延一天 哈瑪斯:嬰兒人質轟炸中身亡】 以色列和哈瑪斯最新協議，停火延長一天；哈瑪斯在第六天再釋放16名人質，哈瑪斯表示，只有10個月大的最小人質，已經在以軍轟炸中身亡。 大陸網約車龍頭滴滴出行，27日大當機，癱瘓12小時，估計損失四億人民幣，分析坦言系統漏洞可能造成數據外洩；另外，阿里巴巴的雲端服務"阿里雲"，也發生本月第二次當機，波及大量中美客戶。 美國第三季GDP報喜，季增率上修至5.2%，優於市場預期，表現強勁；歐元區最大經濟體德國，也正在脫離衰退，11月通膨率放緩至2.3%，創2021年6月以來最低。

Equity markets tried to advance on Wednesday but could not hold the gain. The result is another day of sideways trading near recent highs in a string of sideways moves that are beginning to look like a frothy market top. Wednesday's action was driven by a hotter-than-expected revision to Q3 GDP and reinvigorated fear of higher interest rates for longer. Without a catalyst to drive it higher, the odds are high that the S&P 500 will begin to correct soon. The indicators point to an overbought market and waning momentum about to swing into negative territory. Such a move would confirm a bearish sentiment with the index trading at critical resistance and could lead sellers into the market. One potential catalyst will be released today, the PCE price index, and the next FOMC meeting is only 2 weeks away.

Discontinued in 2004, the clamour for the restoration of the old pension scheme has been growing. And approaching elections have made it louder. With some opposition-ruled states implementing it, ruling BJP, it seems, is also in a quandary. Senior BJP leader Amit Shah promised last week that the party will deliberate on restoring it once the panel formed to look into its merits submits its report. Find out if the old pension scheme is on its way of making a comeback. This issue of the Old Pension Scheme is indeed keeping the government in a bind. It has to choose between fiscal prudence and populism. But it seems, the government has finally made its mind on another tricky subject. It has reportedly given a green signal to Tesla. The approval process to welcome Elon Musk's company to India by next year is being expedited. So, have the stars aligned for Tesla's India entry?  Indeed, Tesla needs India and the country needs Tesla. Moving on, after rallying for four straight weeks, the Sensex and Nifty are within a striking distance of their record highs. A host of domestic factors, including the Q3 GDP data, could sway the markets in the holiday shortened week. So, what should be your trading strategy?  But the market experts are also keeping a close eye on the ongoing Israel-Hamas war. Recently, Houthi rebels hijacked an Israeli ship in the Red Sea, a move which stoked fear of escalation of the clash. But who are the Houthis? Listen to this episode of the podcast for answers. 

Today's Post - https://bahnsen.co/3N5Ec4C A mixed but ultimately flat day of trading in stocks following another decent move up in bonds as the 10 Yr came down another 8bps to 4.26%. Hard to believe we were north of 5% just last month. I was actually expecting yields on 10's to pick back up after a better than expected upward revision to Q3 GDP mid morning, but this bond market is dead set on lower rates in 2024. All eyes will be on the inflation read tomorrow with PCE to see if that changes the narrative. If the seven largest US technology companies were its own sector it would make up 18.2% of the market cap of the MSCI World Index and account for only 10% of the earnings. In comparison, the entire Financials sector in the MSCI World index equates to three precent less at 15.1% by market cap, but makes up over twice the earnings at 21.9%. Valuations may be a poor timing tool short term, but they do matter longer term and the multiple expansion in tech we have just seen can be easily disappointed if lower rates don't keep pace next year. Links mentioned in this episode: TheDCToday.com DividendCafe.com TheBahnsenGroup.com

1.Markets are trading higher today after the . The catalyst for the move higher was from the second estimate for Q3 GDP showed real GDP increasing at an annual rate of 5.2%. This number was expected to be strong but was better than expected. Later today, the Fed's Beige Book will be released at 2pm ET. 2. The Russell 2000 Index (IWM) is the big winner so far today. As many of you know, when the small caps lead markets it tells us that risk is on. That is the case today. 3. Oil has been ticking up this week ahead of the OPEC meeting. Apparently, OPEC is looking for OPEC+ to cut production. We don't know if that is going to happen. Either way, the chart is telling me crude is going down to the $69-70 level. 4. Gold has been a powerhouse lately. Yesterday, the precious metal surged and today it is slightly higher. Please understand, gold has not broken out yet, but it is getting close. 5. Bitcoin is pulling back a little today, but it does not seem as if anything is wrong yet.The daily chart is fine and the short term trend is up. Visit Nick at: https://InTheMoneyStocks.comThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4295686/advertisement

Malaysia's Q3 GDP expanded by 3.3% year on-year, better than the 2.9% gain in Q2. Lavanya Venkateswaran, Senior ASEAN Economist at OCBC breaks down the factors affecting this performance and what we can expect going forward.Image credit: Shutterstock.com

October 2023 proved to be a challenging month for the stock market. Various factors, such as geopolitical tensions, inflation fears, earnings disappointments, and the Federal Reserve's policy, caused the market to suffer a decline in sentiment and confidence. What are the projections for the market's performance for the remainder of the year? In this episode, Carson's Chief Market Strategist, Ryan Detrick & VP, Global Macro Strategist, Sonu Varghese talk about the recent market correction and its potential as a healthy adjustment. They explore how geopolitical risks may have influenced the market and remain optimistic about a year-end rally. Additionally, they speculate on the Federal Reserve's actions. Ryan and Sonu discuss:  The recent stock market correction, its causes, and the potential for a rebound Previous bear markets and their impact on market returns The resilience of the economy despite challenges like the pandemic McDonald's positive earnings despite price increases, indicating consumer demand and potential economic signals The US economy's growth post-pandemic with other countries The better-than-expected Q3 GDP growth The increase in government spending and defense spending Three lesser-known positive indicators in the economy The Federal Reserve's upcoming meeting and the likelihood of a rate hike And more! Resources: Talking Macro with Neil Dutta (Ep. 47) Talking Investing Lessons with Cliff Asness (Ep. 55) Talking About the Bond Bear Market with Daniel Ivascyn (Ep. 57) Connect with Ryan Detrick:  LinkedIn: Ryan Detrick Connect with Sonu Varghese:  LinkedIn: Sonu Varghese 

This is a narration of our weekly Rent and Operating Trends Report.U.S. economic growth is gaining momentum following a very strong initial estimate of Q3 GDP. The broad measure of economic output showed the economy expanding at a 4.9% annual rate, more than double the growth rate from the first half of the year. Despite higher interest rates throughout the quarter, the American consumer continued to spend. Inventory growth also helped push GDP growth higher. The Fed will meet this week, and while GDP and inflation are not directly linked, the rapid growth in economic activity combined with strong consumer activity could encourage the Fed to increase interest rates again.Oil prices have come down in recent weeks, falling roughly $10 from a recent peak at the end of September. I expect the normalization of oil prices to lead to lower inflation in the coming months. As the U.S. economy continues to stabilize and grow, global risks appear to the be only dark cloud on the horizon at this point. Escalating tensions in the middle east could weigh on the domestic economy, but given the current strength, I do not expect a major economic slowdown.Apartment fundamentals continued their steady decline last week, with occupancy and rent leading the way. Occupancy fell another 5 basis points and is now firmly below 94% nationwide. Net effective rent fell another 20 basis points last week and nationwide, rents are down $33 from the mid-summer peak. Leading indicators, including traffic and leasing have remained flat.Explore our webpage for more insights and resources:https://bit.ly/3XBKJGH.

Today's research from The Conference Board shows US consumer confidence declined moderately in October—a trend C-Suite executives will want to watch. Consumers are particularly concerned about rising food and energy costs.   In this episode of CEO Perspectives, Dana Peterson, Chief Economist, joins Erik Lundh, Principal Economist, both of The Conference Board, to discuss newly released data on consumer confidence in the US.    Tune in to find out:  · What is the main message the C-Suite should take away from today's US Consumer Confidence Index?   ·  What caused the movement in the overall confidence index?  · What is The Conference Board's forecast for the US economy, and does it match consumers' expectations?  · How will rising consumer debt affect the financial sector?           For more Trusted Insights for What's Ahead:  · The Consumer Confidence Index for October 2023  · Q3 GDP expands by an unsustainable 4.9 percent 

Investing Volatility A recent client survey by Charles Schwab produced some viable insights during difficult times like this. Over the longer term 33% of investors attributed their greatest investing success to patience through volatility. It is hard to patient during the ups and downs, but the reality is when holding good quality investments, it has proven to always be the right thing to do. Unfortunately, patient doesn't mean 2-3 months and sometimes it may mean 2-3 years. The funny thing is that even though that patience has always paid off, our emotions lead us to want to sell at the worst times and many people end up doing so costing themselves drastically in the long term. The second most cited reason for clients' greatest investing success was careful research which came from 16% of respondents. We always tell people that before we step in and by a company, it's at least 10-15 hours of research. This doesn't mean you won't have volatility, but it does give you more comfort in knowing and understanding your investments during the difficult times which allows you to be patient. The biggest culprit for an investors worst investment was lack of research with 20% saying this was the cause. This doesn't surprise me as many people are quick to jump into the hype or invest in something because a friend or family member thought it was a good idea. Unfortunately, like the survey shows we have seen this work out poorly for many investors. Another big culprit for the worst investment was high risk with 13% of respondents citing this reason. In today's society people want to try and make a quick return, but that is not how investing works. People want to try and get big returns and they end up losing massively. We tell our client's a reasonable target should be around 8-12% in the longer term. Anything in excess of this and you are likely taking big risks that could put your portfolio in jeopardy.   PCE There wasn't much in the Personal Consumption Expenditures Price Index (PCE), which is the Fed's preferred measure for inflation. The headline number was up 3.4% which was the same as last month. The core PCE, which excludes food and energy was up 3.7% and was one-tenth lower than the reading in August. Core PCE hit a peak around 5.6% in early 2022. With the aggressive increase in short term rates, the recent increase in the 10-year treasury, and the resumption of student loan payments likely slowing the economy somewhat I still believe the Fed should allow these hikes to sink in and evaluate where we stand in the coming months.   Recession It is interesting how many people believed we were going to see a recession in 2023, but yet the numbers keep proving the doubters wrong. Today's Q3 GDP report showed annualized growth of 4.9%, which topped the estimate of 4.7%. It's important to point out that this report does account for inflation. The primary driver of growth here was the consumer as spending increased 4% in the quarter and accounted for 2.7 percentage points of the total GDP increase. Both goods and services saw nice increases as spending grew 4.8% and 3.6%, respectively. Gross private domestic investment also saw a major increase of 8.4% and accounted for 1.5 percentage points of the total GDP increase. Within this category the change in private inventories was the major contributor as it accounted for 1.3 percentage points of the headline number. Government spending and investment also grew 4.6% and accounted for 0.8 percentage points of the headline number. The only detractor in the report was trade as the net exports of goods and services took away 0.08 percentage points from the headline number. While I believe this will likely be the highest GDP report we see for some time, I do believe we can still avoid a recession as the consumer remains in a good spot.   Financial Planning: Annuity Sales Continue to Grow As market volatility continues, annuity sales continue to climb. Last quarter annuity sales hit $89.4 billion which is an 11% increase over the 3rd quarter of 2022, according to LIMRA. Sales reached a record in 2022 and that record may be beat in 2023. This is common during times of uncertainty in the market as investors and retirees look for safer places to put their money and many advisors are happy to sell them. This can feel more comfortable in the short term, but typically leads to underperformance in the long term. Retirees must remember that inflation and longevity risk, in addition to market risk, need to be factored into their retirement income plan. Annuities reduce portfolio volatility and can provide peace of mind at the expense of performance. Even in retirement, assets need to grow to outpace inflation and provide income, and lower performance increases the risk of running out of money too soon.

When it comes to economic data, context matters. In this episode of the Friday Gold Wrap, host Mike Maharrey explains how the Fed, many mainstream economists, and financial network talking heads get a lot wrong because of bad data, shoddy economic frameworks, and ignorance of history. Along the way, he covers the GDP and the latest price action for gold. You can visit the show notes page here: https://bit.ly/3FyCkwR Tune in to the Friday Gold Wrap each week for a recap of the week's economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news. TOPICS DISCUSSED - Economic data needs economic context - Some common sense would be nice - How the CPI formula understates healthcare costs - Q3 GDP comes in strong - Is the consumer really "resilient? - Comparing 2007 with today - Gold knocks on the door of $2,000 - Chinese gold demand is hot

·       Q3 GDP expands by 4.9% in U.S.·       Nasdaq Composite Index enters correction territory ·       European Central Bank, Bank of Canada hold rates steady DisclosuresThese views are subject to change at any time based upon market or other conditions and are current as of the date at the top of the page.Investing involves risk and principal loss is possible.Past performance does not guarantee future performance.Forecasting represents predictions of market prices and/or volume patterns utilizing varying analytical data. It is not representative of a projection of the stock market, or of any specific investment.This material is not an offer, solicitation or recommendation to purchase any security. Nothing contained in this material is intended to constitute legal, tax, securities or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type.The general information contained in this publication should not be acted upon without obtaining specific legal, tax and investment advice from a licensed professional.  The information, analysis and opinions expressed herein are for general information only and are not intended to provide specific advice or recommendations for any individual entity.Please remember that all investments carry some level of risk. Although steps can be taken to help reduce risk it cannot be completely removed. They do no not typically grow at an even rate of return and may experience negative growth. As with any type of portfolio structuring, attempting to reduce risk and increase return could, at certain times, unintentionally reduce returns.Investments that are allocated across multiple types of securities may be exposed to a variety of risks based on the asset classes, investment styles, market sectors, and size of companies preferred by the investment managers. Investors should consider how the combined risks impact their total investment portfolio and understand that different risks can lead to varying financial consequences, including loss of principal. Please see a prospectus for further details.Indexes are unmanaged and cannot be invested in directly.Copyright © Russell Investments Group LLC 2023. All rights reserved.This material is proprietary and may not be reproduced, transferred, or distributed in any form without prior written permission from Russell Investments. It is delivered on an “as is” basis without warranty.CORP-12341Date of first use October, 2023

Carl Quintanilla, Jim Cramer and David Faber discussed how investors should navigate the"tech wreck" on Wall Street -- with Nasdaq in correction territory, Meta shares falling despite a Q3 beat andAlphabet extending its sharp post-earnings decline. The UAW and Ford reached a tentative agreementnearly six weeks after the union began walkouts against Detroit's "Big 3" automakers. The CEOs of  Southwest Airlines and ServiceNow joined the program to discuss their companies' respectivequarterly results. Also in focus: Q3 GDP at 4.9% growth, earnings winners and losers, Morgan Stanley selects Ted Pick to succeed James Gorman as CEO, Silver Lake explores taking Ari Emanuel's Endeavor private. Squawk on the Street Disclaimer

(10/26/23) Q3 GDP grew at an annual rate of 4.9% in the 3rd Quarter: It's not uncommon to see an economic uptick in economic activity prior to a recession; however, not all is rosy: bankruptcies are surging. Wednesday was not a pretty day in markets, with confirmation of a break of support at the 200-DMA. Market expectations for GDP and the effects of inflation; what are the ramifications? The regional bank problem was a problem for all banks. Banks matter because we are a credit-driven economy. Lag effects generally take 5 to 9 quarters to emerge. A Zero-deficit = negative GDP. Government debt and deficits reduce economic growth. Market correction is underway, as predicted, and there is concern for markets for 2023. How best to reposition portfolios; what earnings are telling us. Bond vs stocks, Value vs Growth stocks next year? The Fed is predicted to do nothing at next week's meeting; high interest rates are doing the Fed's work. Bill Gross: Economic deterioration is worse than people think; what are economists seeing? Pay attention to more recent data, like credit card spending and jobless claims. The problem with inflation is how it is measured. SEG-1: Q3 GDP Preview SEG-2: Why Banks Matter; A Credit-driven Economy SEG-3: What Corporate Earnings are Telling Us SEG-4: Previewing Powell Hosted by RIA Advisors RIA Advisors Chief Investment Strategist Lance Roberts, CIO Produced by Brent Clanton, Executive Producer -------- Watch today's show on our YouTube channel: https://www.youtube.com/watch?v=cC5qe2kFcuI&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=19s -------- The latest installment of our new feature, Before the Bell, "Markets Confirm the Break of the 200-DMA" is here: https://www.youtube.com/watch?v=nKXG1bfgj20&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Our previous show is here: "Are Gloom & Doom Scenarios Correct?" https://www.youtube.com/watch?v=xkkkIJacQWE&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 -------- Articles Mentioned in this Show: "Real Rates Drive Stock Prices" https://realinvestmentadvice.com/real-rates-drive-stock-prices/ "The Pain Trade Is Higher Into Year-End" https://realinvestmentadvice.com/the-pain-trade-is-higher-into-year-end/ "Surging Deficits – The Bear's New Meme" https://realinvestmentadvice.com/newsletter/ ------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- Watch our past Candid Coffee: https://www.youtube.com/watch?v=Sdi_-TQpNb8&list=PLVT8LcWPeAugq7q4XzOcad3oSN5Z1Zd-Z&index=1&t=2s ------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #EarningsSeason #InterestRates #FederalReserve #ConsumerSpending #Employment #EconomicData #Markets #Money #Investing

(10/26/23) Q3 GDP grew at an annual rate of 4.9% in the 3rd Quarter: It's not uncommon to see an economic uptick in economic activity prior to a recession; however, not all is rosy: bankruptcies are surging. Wednesday was not a pretty day in markets, with confirmation of a break of support at the 200-DMA. Market expectations for GDP and the effects of inflation; what are the ramifications? The regional bank problem was a problem for all banks. Banks matter because we are a credit-driven economy. Lag effects generally take 5 to 9 quarters to emerge. A Zero-deficit = negative GDP. Government debt and deficits reduce economic growth. Market correction is underway, as predicted, and there is concern for markets for 2023. How best to reposition portfolios; what earnings are telling us. Bond vs stocks, Value vs Growth stocks next year? The Fed is predicted to do nothing at next week's meeting; high interest rates are doing the Fed's work. Bill Gross: Economic deterioration is worse than people think; what are economists seeing? Pay attention to more recent data, like credit card spending and jobless claims. The problem with inflation is how it is measured. SEG-1: Q3 GDP Preview SEG-2: Why Banks Matter; A Credit-driven Economy SEG-3: What Corporate Earnings are Telling Us SEG-4: Previewing Powell Hosted by RIA Advisors RIA Advisors Chief Investment Strategist Lance Roberts, CIO Produced by Brent Clanton, Executive Producer -------- Watch today's show on our YouTube channel:   https://www.youtube.com/watch?v=cC5qe2kFcuI&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=19s -------- The latest installment of our new feature, Before the Bell, "Markets Confirm the Break of the 200-DMA" is here:  https://www.youtube.com/watch?v=nKXG1bfgj20&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Our previous show is here: "Are Gloom & Doom Scenarios Correct?" https://www.youtube.com/watch?v=xkkkIJacQWE&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 -------- Articles Mentioned in this Show: "Real Rates Drive Stock Prices" https://realinvestmentadvice.com/real-rates-drive-stock-prices/ "The Pain Trade Is Higher Into Year-End" https://realinvestmentadvice.com/the-pain-trade-is-higher-into-year-end/ "Surging Deficits – The Bear's New Meme" https://realinvestmentadvice.com/newsletter/ ------- Get more info & commentary:  https://realinvestmentadvice.com/newsletter/ -------- Watch our past Candid Coffee: https://www.youtube.com/watch?v=Sdi_-TQpNb8&list=PLVT8LcWPeAugq7q4XzOcad3oSN5Z1Zd-Z&index=1&t=2s ------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #EarningsSeason #InterestRates #FederalReserve #ConsumerSpending #Employment #EconomicData #Markets #Money #Investing

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每天早晨8:30 讓我們一起解讀財經時事 參加財經皓角會員 : https://yutinghao.finance 主持人：游庭皓（經濟日報專欄作家、小一輩財經人話翻譯機） 音頻收聽請在Podcast或Soundcloud搜尋『游庭皓的財經皓角』 Telegram: https://t.me/yu_finance 我的粉絲專頁:https://reurl.cc/n563rd 網站參加會員手冊 https://reurl.cc/WG7vd7 歡迎來信給小編幫您處理 jackieyutw@gmail.com """"" 打賞網址 ：https://p.ecpay.com.tw/B83478D """"" 《早晨財經速解讀》是游庭皓的個人知識節目，針對財經時事做最新解讀，開播於2019年7月15日，每日開盤前半小時準時直播。議題從總體經濟、產業動態到投資哲學，信息量飽滿，為你顛覆直覺，清理投資誤區，用更寬廣的角度帶你一窺投資的奧秘。 免責聲明：《游庭皓的財經皓角》頻道為學習型頻道，僅用於教育與娛樂目的，無任何證券之買賣建議。任何形式的投資皆涉及風險，投資者需進行自己的研究，持盈保泰。

US equity futures are indicating a lower open as of 04:45 ET. This follows a mixed Asian session, whilst European equity markets are lower in early trading. The macro focus in Europe on firmer-than-expected UK inflation data. China macro releases saw Q3 GDP better than expected, while activity data mostly beat. Country Garden dollar coupon deadline due on Wednesday also remains an overhang with no reports bondholders have received payment.Companies Mentioned: CVC, Nexi, Illumina, Apple, Country Garden

Carl Quintanilla, Jim Cramer and David Faber reacted to Sam Bankman-Fried's return to U.S. soil after being extradited from the Bahamas. The founder of FTX set to be arraigned in federal court as he faces criminal fraud charges related to the collapse of his crypto exchange. The anchors also discussed comments from billionaire investor David Tepper after he told CNBC he is "leaning short" on equities. Also in focus: Micron dragging semiconductor stocks lower after quarterly results missed expectations and the company announced job cut plans, Q3 GDP revised higher, the NFL and YouTube strike a "Sunday Ticket" deal, Carmax tumbles, AMC plunges after announcing a capital raise, plus Tesla's stock slump: A buying opportunity?

· Big losses following Suckers Rally in Bitcoin and stock market. · The Fed will pivot when the economy starts to buckle. · Atlanta Fed lowers their estimates for Q3 GDP. · Silver may be showing a silver lining in gold's cloud. · We're likely nowhere near a bottom in the stock market. · One of these Mondays will be a Black Monday. · Bond market may crash harder than stocks. · Bond market crash has implications well beyond the stock market. Thanks Ladder. Go to https://ladderlife.com/gold today to see if you're instantly approved. Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member. Invest like me: https://schiffradio.com/invest RATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff