The European Central Bank (ECB) and the Bank of England (BOE) are set to raise interest rates by 0.50 percent apiece. With the moves broadly anticipated by investors, the tone of the central banks' guidance on the way ahead will take center stage. The US Federal Reserve triggered wide swings across the global financial markets and still more fireworks may follow.
The European Central Bank (ECB) and the Bank of England (BOE) are set to raise interest rates by 0.50 percent apiece. With the moves broadly anticipated by investors, the tone of the central banks' guidance on the way ahead will take center stage. The US Federal Reserve triggered wide swings across the global financial markets and still more fireworks may follow.
The US central bank has raised interest rates again as it continues to try to curb inflation in the world's largest economy. The Federal Reserve said it was raising its key interest rate by 0.25 percentage points. This marks the smallest increase since last March, after a series of aggressive rate hikes last year. The interest rate hike will also affect Latin America which has historically been tied especially closely to movements in the US economy. We hear what the head of Latin America Economic Research at Goldman Sachs thinks. And we hear how Gautam Adani's Adani Enterprises has been forced to pull its $2.5billion share sale after a rout in the wider Adani Group's stocks.
The US Federal Reserve is expected to raise rates, slowing the pace of tightening to a quarter point. Fed Chair Powell's chant of “hike, hike, hike” seems to be running on autopilot. The press conference still suffers from Powell's June policy errors, when forward guidance was trashed. Markets have less reason to believe forward guidance, forcing the Fed to be ever more implausibly shrill in its statements about future policy.
Tesla reported record revenues last quarter, the Bank of Canada signalled it would pause interest rate rises, and trillions of dollars each day are gushing into a US Federal Reserve facility designed to mop up excess cash in the financial system. Mentioned in this podcast:Tesla aims to build 1.8mn cars this year but warns of challengesUS economic growth set to have slowed in fourth quarter of 2022Investors pump trillions of dollars a day into ultra-safe Fed facilityBank of Canada signals likely pause in tightening after latest interest rate riseCentral banks should sacrifice ambitions of a perfect economic landing FT podcast surveyThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show's editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT's executive producer. The FT's global head of audio is Cheryl Brumley. The show's theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Today's show is a little bit of a retraction, or perhaps a refinement of something we have covered last year. The US Federal Reserve had it right. The economists working for the Fed in 2021 suggested that the inflation we were experiencing was transitory. That was the word that they used. J Powell said it. Janet Yellen, Treasury secretary said it. Many including myself at the time didn't believe it. In fact, in the end, even the Fed didn't believe it and had to course correct.
The US Federal Reserve's commitment to higher interest rates and the potential for a recession in 2023 will combine to damage corporate earnings—damage that likely will cause the stock market to revisit its bear-market lows, warns Jurrien Timmer, director of global macro at Fidelity Investments. Timmer joined the What Goes Up podcast to discuss his outlook for the year, and explain why he thinks bonds will resume their role as a source of protection for investors in balanced portfolios. His take on stocks? This year “is going be kind of a choppy, sideways market where we're going to revisit the lows maybe once or twice as the fear grows that there's an earnings wave coming.”See omnystudio.com/listener for privacy information.
US regulators have issued their first-ever joint warning to banks over the risks associated with the cryptocurrency market. The watchdogs told financial institutions to be wary of potential fraud, legal uncertainty, and misleading disclosures by digital asset firms. The US Federal Reserve, Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency said they were closely monitoring the crypto activities of banking organizations. The regulators also said that issuing or holding crypto tokens, which are stored on public, decentralised networks was highly likely to be inconsistent with safe and sound banking practices.
It's the start of a brand new year and as we head into the first trading day of 2023, we seek to keep you up to date with all you need to know for the week. In the US, the stock market had suffered a beating last year with major averages ending as much as 33.03% in the red. With the odds of a recession on the top of minds of investors, can the US Federal Reserve engineer a soft landing, and where will markets likely move for January at least? Over in China, the country's pharmaceutical sector saw a boost amid the surge in cases but which are the sectors that will benefit from China's reopening and to what extent is the upside limited? Back home, Singapore's Deputy Prime Minister and Minister for Finance Lawrence Wong is set to deliver the country's FY 2023 Budget Statement in Parliament on 14 February. What can we expect in a high inflationary environment this time round? On Market View, Prime Time's finance presenter Chua Tian Tian posed these questions to Song Seng Wun, Economist at CIMB Private Banking. See omnystudio.com/listener for privacy information.
Dr. Nouriel Roubini (@nouriel), Professor Emeritus of Economics at New York University's Stern School of Business, joins Julia La Roche on episode 42 to discuss his newest book, MegaThreats: Ten Dangerous Trends That Imperil Our Future, and How to Survive Them. Roubini, known as "Dr. Doom" due to his tendency to make pessimistic predictions, warned of the housing crisis and impending recession, but it was too late. Roubini is now making another prediction that is even more alarming and should not be overlooked. The world is facing a multitude of interconnected threats, referred to as Megathreats, that have the potential to cause widespread disaster. According to Roubini, these Megathreats are all connected and threaten not only our jobs, income, savings, and wealth but also our health, the planet's health, and even our species' survival. These Megathreats include the worst debt crisis ever seen, excessive money printing by governments, blocked borders for workers and goods, the growing competition between China and the US, and the effects of climate change on heavily populated cities. Roubini says we're "sleepwalking into disaster," and this book is a "wake-up call." Time is of the essence in addressing these issues and attempting to prevent their adverse outcomes. Roubini is also the Chief Economist at Atlas Capital Team, CEO of Roubini Macro Associates, and Co-Founder of TheBoomBust.com. He is a former senior economist for international affairs in the White House's Council of Economic Advisers during the Clinton Administration. He has worked for the International Monetary Fund, the US Federal Reserve, and the World Bank. His website is NourielRoubini.com, and he is the host of NourielToday.com. 0:00 Roubini's new book 2:58 Connecting the dots of 10 Megathreats 4:00 World faces the biggest test since WWII 5:50 Mother of all debt crises 11:00 A perfect storm 18:00 Can we go back to 2% inflation without a hard landing? 19:30 Debate is no longer a soft or hard landing 20:42 Not going to be a short and shallow recession 23:42 Factors that could lead to a hard landing 24:00 Central banks are going to blink 24:45 Demographic time bomb 28:50 Intergenerational conflict between young and old 31:40 AI as a megathreat 35:14 AI will usher in a massive increase in income and wealth inequality 36:00 The trouble with UBI 39:00 Threat to our species 41:00 ChatGPT 41:50 Roubini's advice to young people 46:27 Public enemy No. 1 of crypto since 2017 49:40 Crypto is 'the biggest financial fraud in human history' 51:58 Megathreat of financial instability 54:40 US dollar status as the global reserve currency 56:00 Divided world 58:00 De-dollarization, rise in gold 1:00:31 Do you want to own gold right now? 1:03:00 What to own in this scenario? 1:06:38 Global pandemics 1:11:13 Things Roubini never used to worry about 1:13:05 World looks more like the period between 1914 in 194 1:15:20 Sleepwalking into disaster 1:19:00 How do we survive the Megathreats? 1:21:20 Technology is the solution 1:23:00 Parting thoughts
A surprisingly hawkish pivot by the US Federal Reserve, along with the European Central Bank and Bank of England, crushed global equities towards the end of the previous week. All three banks raised their benchmark interest rates by 50 basis points each, and warned of ‘forceful monetary policy response' in 2023. Among the lot, Fed announced that it saw the benchmark rate peaking higher than expected at 5.1% next year. It also suggested that inflation may remain stubbornly above its 2% target till the end of 2024; thus ruling out any hopes of rate cuts until then. The spillover effect hit India as well with the benchmark S&P BSE Sensex index cumulatively sinking over 1,300 points during last Thursday's and Friday's session. For the week, the Sensex ended 844 points lower at 61,338. The NSE Nifty50, meanwhile, tanked 1.2% to 18,269. In the broader markets, the BSE Mid-cap and Small-cap were down fell up to 1.4%. Going into this week, analysts expect markets to consolidate further and track global cues amid no domestic events. Naveen Kulkarni of Axis Securities, for instance, predicts a limited upside in equities this week on the back of stretched valuation. Kulkarni says, markets corrected after Fed rate hike and impact to be felt for weeks. Valuations not cheap. Inflation sticky at higher level. Expect some more correction Technical charts, too, are flashing warning signs. The frontline indices have dipped below their short-term moving averages with the 30-pack index eyeing over 3,000 points downside if it breaches key support levels. Byte in> [Avdhut Bagkar, Business Standard] That said, any positive newsflow may trigger upmove towards the immediate resistance zones. These are 62,285 for Sensex, and 18,525 for Nifty. Today, market participants will focus on primary market activity. The Rs 1,500-crore IPO of KFin Technologies will open for subscription today, an close on Wednesday. The price band of the offer is fixed as Rs 347 to Rs 366.
Investors feared that the US Federal Reserve's ('the Fed') monetary policy tightening campaign could push the US economy into a recession. Shares of technology giants Apple (-1.6%), Microsoft (-1.7%) and Amazon (-3.4%) were weighed down by rising US government bond yields. Walt Disney shares fell 4.8% after ticket sales of "Avatar: The Way of Water" fell short of box office forecasts. Shares of casino operator Wynn Resorts dipped 5.2% after it committed US$2.2 billion to invest and operate in Macau. Shares of defence contractor L3Harris Technologies slid 3.6% following its US$4.7 billion Aerojet Rocketdyne (+1.3%) buyout. At the close of trade, the Dow Jones index fell by 163 points or 0.5%. The S&P 500 index dropped 0.9% and the Nasdaq index shed 159 points or 1.5%. Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Comments from US Federal Reserve officials unnerved investors worried that the central bank's campaign to counter inflation would push the US economy into a recession. New York Fed President John Williams said, "we're going to have to do what's necessary" to get inflation back to target. San Francisco Fed President Mary Daly said it is "reasonable" to believe that once the Fed's policy rates reached their peak they could stay there into 2024. The quarterly triple witching expiry of equity derivatives amplified market moves. At the close of trade, the Dow Jones index fell by 282 points or 0.9%. The S&P 500 index lost 1.1%, with the Nasdaq index down by 105 points or 1%. For the week, the Dow lost 1.7%, the S&P fell 2.1% and the Nasdaq shed 2.7%. Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
It's finally official! The US Federal Reserve has raised its benchmark interest rate by 50 basis point, breaking a string of four straight three quarter basis point hikes. But why are markets reacting strongly against this widely expected move? Dan Koh and Zia-ul Raushan bring you the details. They also discuss HSBC's latest plan to stop financing new oil and gas fields, and if other banks are expected to follow suit. See omnystudio.com/listener for privacy information.
Trending Middle East brings you the latest social media and search trends from the Middle East and around the world. On today's episode, Morocco's magical World Cup run ended after a valiant performance against reigning champions France. The UAE Central Bank raised its benchmark borrowing rate after the US Federal Reserve increased its key interest rate for the seventh time in 2022. World powers at the UN headquarters in New York voted in favour of booting Iran out of the body given the task of protecting and empowering women. Stephen ‘tWitch' Boss is also on the minds of many after various media outlets report the DJ has died in an apparent suicide.
The Bank of England has increased interest rates again -- for the ninth time in a row -- as part of efforts to counter inflation. The basic rate is going up by half of one per cent -- to three and a half per cent. Meanwhile the European Central Bank has also increased its main interest rate by 0.5% to 2.5% - following Wednesday's rise by the US Federal Reserve. It all leads to stock market falls over the world - we explain why. Plus we're in the US where Washington DC could soon become the largest city in the country to introduce free bus travel.
The US Federal Reserve's guidance for protracted policy tightening reduced hopes of the rate-hike cycle ending anytime soon and increased worries about a potential recession. Shares of Netflix slid 8.6% on media reports that the company would let its advertisers take their money back after missing viewership targets. Megacap technology shares Apple (-4.7%), Alphabet (-4.4%), Amazon (- 3.4%) and Microsoft (-3.2%) all weighed on major indexes. At the close of trade, the Dow Jones index fell by 764 points or 2.3%, its worst day since September. The S&P 500 index lost 2.5%, with the Nasdaq index down by 360 points or 3.2%. Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
A policy announcement by the US Federal Reserve raised interest rates by an expected 50 basis points, however, its economic projections see higher interest rates for a longer period. Stocks came off session lows after US Federal Reserve Chair Jerome Powell suggested the central bank is getting "close" to reaching the end of its policy tightening cycle. At the close of trade, the Dow Jones index fell by 142 points or 0.4% after climbing 287 points earlier in the session. The S&P 500 index shed 0.6% and the Nasdaq index slid 86 points or 0.8%. Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The US CPI data for November has been released, and it indicates inflation may be on its way down. The CPI has dropped down to 7.1 percent, which is a step down from 7.7 percent in October and below the peak of 91 percent in June 2022. This indicates that inflation is past its peak and is coming down to a more manageable level in the US. Deborah Lambie, Investment Analyst at Milford Asset Management says the markets are responding well, but the US Federal Reserve may hike up the OCR by 50 basis points to be safe. LISTEN ABOVE See omnystudio.com/listener for privacy information.
It was all eyes on the US Federal Reserve as markets cheered the Labor Department's report that its consumer price index (CPI) climbed 7.1 percent in November from a year ago, sharply down from 7.7 percent in October. "The numbers were phenomenal," said DICK BOVE, chief financial strategist at Odeon Capital Group. "The markets loved it." On this episode BOVE will address how he sees the Fed responding with a view to further interest rate increases. MAT VAN ALSTYNE, Odeon co-founder and managing partner, describes the slowing pace of price rises as amazing, breaking down the numbers. Elsewhere, the Conversation picks up on research by BOVE about the threat to American economic and political dominance on the world stage from China, Russia and its allies. VAN ALSTYNE disagrees with BOVE's thesis that America's "hegemony" has been blunted. JOHN AIDAN BYRNE argues that ultimately economic strength and productive independence is the key in large measure to a nation's world standing. The Conversation examines plunging fertility rates in the West and what that augurs for national economies and future prosperity. In a wide-ranging discussion on immigration. BOVE shares his story of a Cuban refugee who fled to Florida from Cuba after a brutal experience in his homeland and a nightmare journey to freedom. Finally, there's Sam Bankman-Fried. E-Mail Questions & Comments: Podcast@OdeonCap.com
There was a smaller than expected rise in US consumer prices raised hopes that the US Federal Reserve could soften its aggressive stance on interest rate hikes. Shares of Meta Platforms (+4.7%) and Google parent Alphabet (+2.5%) both rose. Higher oil prices pushed up shares of Chevron (+2.2%) and Halliburton (+7.9%). Moderna shares surged 19.6% on upbeat trial data for a skin cancer vaccine. At the close of trade, the Dow Jones index rose by 104 points or 0.3% after jumping 707 points earlier in the session. The S&P 500 index lifted 0.7% and the Nasdaq index added 113 points or 1%. Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
A conversation that covers many topics, from scaling a business in payments to Twitter and the timing of IPOs. In this episode, I speak to Josh, a banking lawyer who worked at the US Federal Reserve, Deutsche Bank, Crédit Agricole and Bank of America before joining the FinTech world at Checkout.com, the payment processing company. Josh takes us through the macro and micro steps Checkout.com took to prepare for their international expansion when he was COO. He uses Saudi Arabia as an example, providing insight into how the team was assembled, core functions established, and local teams deployed. We look at the benefits of deploying from Europe, where a standard of excellence is established in the key areas of anti-money laundering and data protection. We learn that data has always been key to their scaling, and get a first-hand look at how it's processed to be very efficient at resolving bottlenecks very fast. We also dive into their regulatory strategy for expanding outside of Europe. Josh joined Wilson Sonsini, a tech-focused US law firm, a few years ago and we learn about their relationships with big tech companies like Netflix and Apple. Discovering a start-up history, from its formation as a legal entity to more complex litigation cases, is a special treat. You'll also learn about the key roles that these top notch advisors play. If you want the inside scoop on IPOs, we pinpoint the exact timing required to make it a success.
On this episode two distinguished experts, NATHAN LEWIS and DICK BOVE, lay out the case for the control of profligate spending and the easy money policies of the US Federal Reserve. This spending, in the form of trillions of dollars in "quantitative easing" by the Fed and massive stimulus programs and outlays by the government, has fueled runaway inflation. It also risks the collapse of the US dollar. NATHAN LEWIS, an internationally renowned expert on money and taxes, is the co-author of the Inflation: What It Is, Why It's Bad, and How to Fix It. The book explains what's behind the worst inflationary storm in more than forty years—one that is dominating the headlines and shaking Americans by their pocketbooks. The cost-of-living explosion since the COVID pandemic has raised alarms about a possible return of a 1970's-style “Great Inflation.” Some observers even fear a descent into the kind of Weimar-style hyperinflation that has torn apart so many nations. Is this true? If so, what should be done? How should we prepare for the future? According to the publisher Inflation answers these and other questions in an engaging discussion that draws on the singular expertise of Steve Forbes, chairman of Forbes Media, acclaimed for his insights on money and the economy; Nathan Lewis, internationally renowned expert on money and taxation; and author and journalist Elizabeth Ames. Website: www.amazon.com/Inflation-What-Why-Its-Bad/dp/1641772433 DICK BOVE is the chief strategist at Odeon Capital Group and covers the bank sector. He is among the most prominent bank industry analysts in the US, often controversial, with a keen and practical sense of history and of events that are often translated into his analysis. Bove attended Stuyvesant High, N.Y., and is a graduate of Columbia University, 1962, majoring in political science. BOVE began his career in 1965, working for a series of firms including Wertheim, Shearson, Raymond James, Hoefer & Arnett and Punk Ziegel, before it was purchased by Ladenburg Thalmann. Later, Bove joined Rochdale Securities and then eventually moved to Odeon Capital. A widely quoted analyst with some five decades of experience behind him, Bove relies on common sense and macroeconomic trends to forecast markets. He appears regularly on business shows on TV and radio, and is frequently cited in media coverage of Wall Street. On the popular weekly ODEON CAPITAL CONVERSATIONS with MAT VAN ALSTYNE, BOVE provides in-depth analysis and commentary on many of the big market and global trends of our times. ODEON CAPITAL CONVERSATIONS is hosted by JOHN AIDAN BYRNE. Bove is the author of Guardians of Prosperity: Why America Needs Big Banks (December 26, 2013) Website: https://www.odeoncap.com/ --- Support this podcast: https://anchor.fm/john-aidan-byrne0/support
Many forecasters, including our own economists, are expecting a US recession in 2023, driven by the rapid and ongoing hiking cycle initiated by the US Federal Reserve as it attempts to get a grip on persistently high inflation. As the US economy slows, with housing sales down 30-35% from their peak and increasing reports of layoffs, some are questioning whether the record-setting pace of hikes is a policy mistake that will make a recession inevitable. In episode 51 of The Flip Side, Global Head of Research Jeff Meli and Global Chairman of Research Ajay Rajadhyaksha debate what's ahead for the US economy into next year.
In this week's Money news in human words, I talked about the huge Global share market rally that's currently in play off the back of the comments from the US Federal Reserve around slowing down the increased rate of interest rates. The fact that the worst of the property downturn could be over with property rate declines, slowing the China impact on the world with their ongoing covid lockdowns and what it means for investors. Also, Tesla shares getting pumped off the back of some changes to their production and what that means for forecasting that has such a rosy picture of Tesla. This episode is perfect for anyone who wants to read through the headlines and understand what it actually means for them and their money. Want to make smarter money moves and get ahead faster? Upcoming events: https://www.eventbrite.com.au/o/ben-nash-pivot-wealth-34379655697 Learn more about Pivot Wealth: https://pivotwealth.com.au/ Check out Ben's book, Get Unstuck: https://www.getunstuckbook.com.au/ Check us out on socials: TikTok: https://www.tiktok.com/@bentalksmoney Instagram: https://www.instagram.com/pivotwealth/ Youtube: https://www.youtube.com/c/BenNashPivot Facebook: https://www.facebook.com/pivotwealth/ Chat about how Pivot Wealth can help with your money: https://calendly.com/ben-nash-pivot/podcast-intro-chat Note: The advice shared on this podcast is general in nature and does not consider your individual circumstances. The podcast exists purely for educational purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, and TMD and obtain appropriate financial advice tailored towards your needs. Ben Nash and Pivot Wealth are authorised representatives of Fish Tacos Pty Ltd, ABN 14 649 248 082, AFSL 533055
The meeting minutes from the US Federal Reserve showed that most central bank officials back a slowing in the pace of interest rate hikes. Shares of the world's largest farm equipment maker Deere & Co jumped 5.0% to a record high after reporting a higher-than-expected quarterly profit. Shares of Tesla lifted 7.8% after Citigroup upgraded the electric-vehicle maker's stock to "neutral" from a "sell" rating. But shares of 3D design software maker Autodesk slipped 5.7% after cutting forecasts for annual billing and free cash flow. At the close of trade, the Dow Jones index was up by 96 points or 0.3%. The S&P 500 index rose by 0.6% and the Nasdaq index added 111 points or 1.0%. This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent. Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
Synopsis: Every first and third Monday of the month, get our tips on working smarter, getting ahead in your career and investing like a pro with ST's business correspondents and editors. Host Ven Sreenivasan - associate editor at The Straits Times - offers you an extra edge in managing your hard-earned money. In this episode, Ven speaks with Mr Vasu Menon, executive director for investment strategy at OCBC Bank, about how the US Federal Reserve has just hiked up its key short term rate by another 75 basis points, the 6th consecutive hike this year and 4th consecutive 75 bps hike. There is widespread expectation of an economic slowdown and even a recession next year. They discuss how things can pan out and how young adults can cushion themselves against the worst effects of a recession. Highlights (click/tap above): 1:37 What is the Fed rate hike, and why is the US Federal Reserve raising rates? 5:23 Impact of rate hikes on countries such as Singapore 7:29 Mr Menon's 5-tip action plan for young investors: Safe product types to invest in, speak to your bank, budget for what you need, set aside 12 months of funds in case you lose your job in a recession 9:15 5th tip: For long-term investing, why you should monitor the technology and ESG sectors, and healthcare and utilities, and financial sector 10:05 What will be the catalyst for a sustained market rebound? Register for ST's Head Start newsletter: https://str.sg/stnewsletters Produced by: Ven Sreenivasan (email@example.com), Ernest Luis and Teo Tong Kai Edited by: Teo Tong Kai Follow ST's new Your Money & Career Podcast channel here: Channel: https://str.sg/wB2m Apple Podcasts: https://str.sg/wuN3 Spotify: https://str.sg/wBr9 Google Podcasts: https://str.sg/wVpX SPH Awedio app: https://www.awedio.sg/ Read Ven Sreenivasan's articles: https://str.sg/wuQe Website: http://str.sg/stpodcasts Feedback to: firstname.lastname@example.org --- Discover ST's special edition podcasts: The Unsolved Mysteries of South-east Asia: https://str.sg/wuZ2 Stop Scams: https://str.sg/wuZB Singapore's War On Covid: https://str.sg/wuJa Invisible Asia: https://str.sg/wuZn --- Discover more ST podcast series: Asian Insider: https://str.sg/JWa7 Green Pulse: https://str.sg/JWaf Health Check: https://str.sg/JWaN In Your Opinion: https://str.sg/w7Qt SG Extra: https://str.sg/wukR #PopVultures: https://str.sg/JWad ST Sports Talk: https://str.sg/JWRE Bookmark This!: https://str.sg/JWas Lunch With Sumiko: https://str.sg/J6hQ Discover ST Podcasts: http://str.sg/stpodcasts Discover BT Podcasts: https://bt.sg/pcPL Follow our shows then, if you like short, practical podcasts! Do note: All analyses, opinions, recommendations and other information in this podcast are for your general information only. You should not rely on them in making any decision. Please consult a fully qualified financial adviser or professional expert for independent advice and verification. To the fullest extent permitted by law, SPH Media shall not be liable for any loss arising from the use of or reliance on any analyses, opinions, recommendations and other information in this podcast. SPH Media accepts no responsibility or liability whatsoever that may result or arise from the products, services or information of any third parties. #moneycareerSee omnystudio.com/listener for privacy information.
Korea24 – 2022.11.04 (Friday) News Briefing: South Korea and the US announced that the Vigilant Storm joint air drills will be extended until Saturday, as two nation’s defense chiefs also warned that if North Korea uses nuclear weapons against the South, it would lead to “the end of the Kim Jong-un regime.” (Koo Hee-jin) In-Depth News Analysis 1: Almost a week has passed since over 150 people lost their lives in a crowd crush incident in Itaewon Seoul. But questions still remain about the failings by the police to prevent the tragedy. Meanwhile, many of the bodies of the foreign victims have yet to be sent back to their home countries. William Gallo, the Seoul Bureau Chief for Voice of America, joins us on the line to provide a foreign journalist's perspective on the tragedy and its implications. In-Depth News Analysis 2 (Weekly Economy Review): This week, we discuss another “giant step” rate hike by the US Federal Reserve, which comes as the country struggles to contain inflation. We will also take a closer look at the growth in South Korea's consumer prices in October, and the seventh consecutive month of a trade deficit for Korea. Economics Professor Yang Jun-suk from the Catholic University of Korea joins us to provide his analysis. Korea Trending with Walter Lee: 1. An unofficial memorial outside exit 1 of Itaewon station to remember the victims of the crowd crush disaster has drawn a large number of mourners over the past week. (추모공간이 된 이태원역 1번 출구...자원봉사자와 시민이 관리) 2. The Korea Football Association will not be hosting public spaces to watch the 2022 Qatar World Cup in Qatar in the wake of the Itaewon crowd crush disaster. (이번 월드컵에선 거리응원 안 열린다) 3. The US is offering up to 5 million dollars for information on a Singaporean national who allegedly provided illegal services to North Korea. (美 대북제재 위반자 첫 현상수배...최대 71억 원 지급) Next Week From Seoul with Richard Larkin: - The ASEAN Summits will take place in Cambodia, with several non-member nation leaders set to attend. - President Yoon will hold a government-civilian meeting to analyze the cause of the Itaewon crowd crush incident and discuss improved safety measures. - The special envoy for climate change and former lawmaker Na Kyung-won will attend the COP 27 conference in Egypt.
The US Federal Reserve raised interest rates by 75 percentage points, bringing its benchmark rate range to 3.75%-4% and effectively making any type of debt (mortgages, credit cards, auto) a little bit pricier. Less than a week into his tenure as “Chief Twit” turned “Twitter Complaint Hotline Operator,” Elon Musk is moving quickly to make his mark on Twitter by revamping its business model. The latest version of the Google wildfire warning system will introduce machine learning models trained on satellite data to improve fire tracking and detection in real-time and better predict how they spread. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022 The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.
After four 75bp rate hikes, the US Federal Reserve has signalled a slower pace of tightening ahead. But Chair Jerome Powell also warned that it is "very premature" to consider a pause and that rates may need to stay higher for longer, as the Fed battles to contain inflation near a 40-year high. In this podcast, ING's Chief International Economist James Knightley and Regional Head of Americas, Padhraic Garvey, discuss what this could mean for the US economy and market interest rates over the coming year.
The US Federal Reserve has lifted official interest rates and indicated more to come stoking fears of a recession. SBS Finance Editor Ricardo Gonçalves speaks with Mark Gardner from Maqro Capital for more, plus hear from Woolowrths CEO Brad Banducci about the Christmas party essential which may be in short supply this season.
The US Federal Reserve on Wedndesday aproved a further hike in interest rates of 0.75%. It's in a bid to tame inflation which has skyrocketed to its highest in four decades. As the world arrives in Cairo for COP27 which begins on Sunday, Egypt is battling a crisis in its economy as well as its environment. The country is dealing with the after effects of the pandemic as well as the Russian-Ukraine war. Also, Mexico celebrates the Day of the Dead – but could it spell a tourism revival for Central America?
The stock market has been getting very volatile as the US Federal Reserve continues its historic effort to squash rising prices. Proclamations from policymakers suggest the central bank won't let up until inflation is under control—even if it means trouble for the economy. Officials may raise rates by another 75 basis points at their upcoming November meeting, and the same again in December, according to Kristina Hooper, chief global market strategist at Invesco. “Seventy five is the new 25,” she says. “When you are raising rates in 75-basis-point increments and you're not giving any time for it to process through and make its way through into the data, you're playing a dangerous game,” she says on the latest episode of What Goes Up. “And the more you're doing it, the more likelihood you create of having a recession—and a significant recession.”See omnystudio.com/listener for privacy information.
China's leader Xi Jinping is set to begin his third-consecutive five-year term, and the UK's Jeremy Hunt starts his first full week as the country's latest chancellor of the Exchequer. Plus, the US Federal Reserve's aggressive interest rate hikes are boosting US banks' bottom lines. Mentioned in this podcast:US banks gain from Fed rate hikes while keeping deposit interest lowXi Jinping heralds ‘critical time' in history as he prepares for third term in powerCan anything save Liz Truss?The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show's editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT's executive producer. The FT's global head of audio is Cheryl Brumley. The show's theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Another hot inflation reading this week underscores the importance of the US Federal Reserve's campaign to tame decades-high increases in consumer prices, with many market observers evoking the memory of a similar effort by the central bank's larger-than-life former chairman, Paul Volcker. One key to Volcker's success in the 1980s, achieved through interest-rate hikes and control of the money supply, was setting the appropriate expectations in the financial markets, according to Christine Harper, editor of Bloomberg Markets magazine and co-author of Volcker's memoirs, Keeping at It: The Quest for Sound Money and Good Government. Harper joined the latest episode of What Goes Up to discuss her experience with Volcker, and what lessons learned from his time as Fed chief are useful today. “Psychology was really important,” she said. “He really understood the psychology of investors, the psychology of consumers and business people. And so much of what he did, and the inflation fight, was basically around changing the psychology.”See omnystudio.com/listener for privacy information.
The US employment report presents a complicated relationship between labor markets and consumer price inflation (and thus US Federal Reserve policy). Normally central banks want to lower wages to lower wage costs to lower inflation. With average earnings catastrophically negative, this is not today's inflation story. Instead, central banks need to subdue demand to weaken pricing power and profit margins. Demand can slow with weaker earnings, weaker employment, or rising fears around job security.
- The US Federal Reserve is at war with the ECB and the Euro - Fed will spike interest rates until European economy collapses - US funding of Ukraine as proxy for war is designed to swamp Europe into Russian war - War with Russia ensures complete cut off of natural gas to Europe - Result is collapse of European industry, protecting America's industrial interests - City of London and Vatican control much of the world: This is coming to an end - Consider the recent Nord Stream pipeline explosions / sabotage - WHO did it? (Take a guess) For more updates, visit: http://www.brighteon.com/channel/hrreport NaturalNews videos would not be possible without you, as always we remain passionately dedicated to our mission of educating people all over the world on the subject of natural healing remedies and personal liberty (food freedom, medical freedom, the freedom of speech, etc.). Together, we're helping create a better world, with more honest food labeling, reduced chemical contamination, the avoidance of toxic heavy metals and vastly increased scientific transparency. ▶️ Every dollar you spend at the Health Ranger Store goes toward helping us achieve important science and content goals for humanity: https://www.healthrangerstore.com/ ▶️ Sign Up For Our Newsletter: https://www.naturalnews.com/Readerregistration.html ▶️ Brighteon: https://www.brighteon.com/channels/hrreport ▶️ Join Our Social Network: https://brighteon.social/@HealthRanger ▶️ Check In Stock Products at: https://PrepWithMike.com
In this episode we break down the advantages that retail investors have over fund managers. We also talk about the dilemma of converting CAD to USD while CAD is in a downward trend. We finish the episode by talking about the recent US Federal Reserve interest rate hike and Simon's latest moves. Tickers of stocks discussed: ETSY Check out our portfolio by going to Jointci.com Our Website Canadian Investor Podcast Network Twitter: @cdn_investing Simon's twitter: @Fiat_Iceberg Braden's twitter: @BradoCapital Want to learn more about Real Estate Investing? Check out the Canadian Real Estate Investor Podcast! Apple Podcast - The Canadian Real Estate Investor Spotify - The Canadian Real Estate Investor Sign up to Stratosphere for free