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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis House and Congress in general have been really unproductive, says PIMCO's Libby CantrillLibby Cantrill, PIMCO head of U.S. public policy, joins 'Squawk Box' to discuss the $1.2 trillion funding bill to avert a government shutdown, prospect for more legislation getting passed before the election, gridlock in Washington, and more.
Persons: PIMCO's Libby Cantrill Libby Cantrill Locations: gridlock, Washington
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPresident Biden's economic agenda could face headwinds if reelected: PIMCO's Libby CantrillLibby Cantrill, PIMCO head to U.S. public policy, joins 'The Exchange' to discuss President Biden's economic agenda following the State of the Union, the odds of a Democrat majority Congress and Senate if President Biden wins reelection, and more.
Persons: PIMCO's Libby Cantrill Libby Cantrill, Biden Organizations: Union, Democrat
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed will be data oriented even during a presidential election year, says PIMCO's Libby CantrillLibby Cantrill, PIMCO head to U.S. public policy, joins 'Squawk Box' to discuss the history of the Federal Reserve's policy actions during a presidential election year, the state of the 2024 race, and more.
Persons: PIMCO's Libby Cantrill Libby Cantrill
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe South Carolina primary will be 'make it or break it' for Nikki Haley, says PIMCO's Libby CantrillLibby Cantrill, PIMCO head of U.S. public policy, and CNBC's Brian Schwartz join 'Power Lunch' to discuss the presidential nomination campaigns and GOP funding.
Persons: Nikki Haley, PIMCO's Libby Cantrill Libby Cantrill, Brian Schwartz Locations: Carolina
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailShort-term funding bill allows markets to 'ignore' Congress for another six weeks: PIMCO's CantrillLibby Cantrill, PIMCO head of U.S. public policy, joins 'Squawk Box' to discuss latest news out of Washington DC, state of Ukraine aid, border security, impact on the markets, and more.
Persons: PIMCO's, Libby Cantrill Organizations: Washington DC Locations: Washington, Ukraine
Under Broadcom, VMware will operate in four divisions, Broadcom CEO Hock Tan told employees last week in an email. Competitors swoop inNow that Broadcom has acquired VMware, competitors, and partners see a big opportunity to win over VMware customers. VMware customers had already been concerned that Broadcom ownership may hurt innovation and cause a talent exodus , while VMware slowed down customer deals, BI previously reported. He said he has heard from VMware customers that they're "really concerned" and that Broadcom is "confirming the worst fears" customers have about the acquisition. VMware layoffsBroadcom conducted layoffs of VMware employees on Monday.
Persons: It's, it's, Hock Tan, Hock, Nutanix, Rajiv Ramaswami, they've, Ramaswami, Bryan Cantrill, Cantrill, they'll, what's, Tan, he'll, Hock E, Tan Lucas Jackson, Raghu Raghuram Organizations: Broadcom, VMware, Business, EMC, Dell, Employees, BI, Oxide Computer Company, San Francisco Chronicle, Symantec, CA Technologies Locations: China, Dell, India, Latin America
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt is unlikely we will see a government shutdown come Friday, says PIMCO’s Libby CantrillLibby Cantrill, PIMCO head of public policy, joins ‘Squawk on the Street’ to discuss House Speaker Mike Johnson's effort to avert government shutdown and more.
Persons: PIMCO’s Libby Cantrill Libby Cantrill, Squawk, Mike Johnson's
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's a real risk of a low turnout election if it's Biden vs. Trump, says PIMCO's Libby CantrillLibby Cantrill, PIMCO head of U.S. public policy, joins 'Squawk Box' to discuss the state of the 2024 race, why she believes many are discounting the risk of a government shutdown in the coming months, and more.
Persons: it's Biden, Trump, PIMCO's Libby Cantrill Libby Cantrill
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. aid and budget are the two big questions for next House Speaker, says PIMCO's Libby CantrillLibby Cantrill, PIMCO head of public policy, joins 'The Exchange' to discuss the likelihood of Rep. Jim Jordan going to a second round of voting after falling short in round one, the possibility for congress to allow the Speaker Pro Tempore to bring-in legislation, and the potential for automatic spending cuts in January.
Persons: PIMCO's Libby Cantrill Libby Cantrill, Jim Jordan Organizations: Pro Tempore
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCongress still needs to figure out how to avoid shutdown in 45 days, says PIMCO's Libby CantrillLibby Cantrill, PIMCO head of U.S. public policy, joins 'Power Lunch' to discuss the averted government shutdown and the global political story.
Persons: PIMCO's Libby Cantrill Libby Cantrill
Current funding for most U.S. government programs except for the military and Social Security payments expires on Sept. 30. The government would continue to make payments on Treasury bonds and other forms of debt during a shutdown. A government shutdown would prevent the collection and release of key market data including gross domestic product, unemployment figures and inflation data, clouding the ability of central bankers to gauge the strength of the economy, Cantrill said. "The Fed – who has emphasized how data-dependent it currently is – would be flying blind" into the central bank's policy meeting in November, she said. Economists at Capital Economists, meanwhile, said in a note on Monday that the risk of a shutdown is rising but said they expect a quick resolution.
Persons: Kevin Wurm, PIMCO, Libby Cantrill, Goldman Sachs, Kevin McCarthy, Cantrill, There's, David Randall, Ira Iosebashvili, Matthew Lewis Organizations: Capitol, REUTERS, Federal Reserve, Republicans, Social, Goldman, . House, Capital Economists, Thomson Locations: Washington , U.S, shutdowns, New York, London
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with PIMCO's Libby Cantrill and Bleakley Financial's Peter BoockvarCNBC's Emily Wilkins, PIMCO's Libby Cantrill, and Bleakley Financial's Peter Boockvar join 'The Exchange' to discuss markets joins 'Halftime Report' to discuss Biden's policy agenda, the President's plans for fiscal stimulus, and efforts to raise Americans awareness about policy improvements.
Persons: PIMCO's Libby Cantrill, Bleakley, Peter Boockvar, Emily Wilkins
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBiden's embracing economic scorecard despite risks of downturn, says PIMCO's Libby CantrillCNBC's Emily Wilkins, PIMCO's Libby Cantrill, and Bleakley Financial's Peter Boockvar join 'The Exchange' to discuss markets joins 'Halftime Report' to discuss Biden's policy agenda, the President's plans for fiscal stimulus, and efforts to raise Americans awareness about policy improvements.
Persons: PIMCO's Libby Cantrill, Emily Wilkins, Bleakley, Peter Boockvar
But even if that’s the case, between now and then bond investors should expect volatility. Bond investors are all about pricing in the risk that they may not be paid back on debt they buy — either on time or at all. But the lack of a deal to raise lawmakers’ self-imposed debt ceiling so close to the X-date is introducing unwanted risk into each investor’s calculus. “We’ve already seen some pricing stress around short-term bills, Treasury bills, and a little bit of change in the… sovereign credit default swap spreads,” said Gary Gensler, chair of the Securities and Exchange Commission, at an event on Monday. Right now, yields on one-month T bills are well above the yields for 10-year and 30-year Treasury bonds.
Watch CNBC's full interview with PIMCO's Libby Cantrill
  + stars: | 2023-03-28 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with PIMCO's Libby CantrillLibby Cantrill, PIMCO head of public policy, joins 'The Exchange' to discuss the policy impacts of the SVB hearing, the Fed's ability to guarantee uninsured deposits, and the issues around bank runs and solvency.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCapitol Hill lacks unanimity about expanding bank regulation: Pimco's Libby CantrillLibby Cantrill, PIMCO head of public policy, joins 'The Exchange' to discuss the policy impacts of the SVB hearing, the Fed's ability to guarantee uninsured deposits, and the issues around bank runs and solvency.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPIMCO's Libby Cantrill calls Biden's budget proposal 'DOA' to CongressLibby Cantrill, PIMCO head of public policy, joins 'The Exchange' to discuss Biden's 2024 budget plan.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPresident Biden really did look like he was running for re-election, says Strategas' CliftonLibby Cantrill, PIMCO head of public policy, and Daniel Clifton, Strategas Securities head of policy research, join 'Squawk Box' to discuss the investor takeaways from Biden's State of the Union address.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPIMCO's Libby Cantrill: Too early to be talking about U.S. government debt defaultsLibby Cantrill, PIMCO head of public policy, joins 'Squawk Box' to discuss the debt ceiling negotiations, if the debt limit's a market event and more.
"I think that this is going to be the most contentious debt ceiling debate in memory," Winograd said. "It would suggest that there's some type of premium being allocated to bills in that space where the risk of the debt ceiling starts to grow," Norris said. Some investors also believe lawmakers will be able to reach a deal on raising the debt ceiling without severely unsettling markets. Edward Al Hussainy, senior interest rate and currency analyst at Columbia Threadneedle, thinks any debt ceiling tensions would eventually be resolved, calling the issue "a well rehearsed storyline." However, the heightened concerns about the debt ceiling are "an extra little justification on top" for the firm's positioning, Pride said.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere will be some headline risk, but it's much ado about nothing in the House, says PIMCO's CantrillPIMCO's Libby Cantrill joins 'Power Lunch' to discuss the impact on issues like the debt ceiling now that Kevin McCarthy has been named House Speaker.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe bipartisan $1.7 trillion omnibus spending bill is likely to pass, says PIMCO's Libby CantrillLibby Cantrill, head of public policy at PIMCO, joins 'The Exchange' to discuss the $1.7 trillion omnibus spending bill, the bipartisan support behind the bill and what new acts are included.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPIMCO's Libby Cantrill breaks down what Georgia's Senate race means for Wall StreetLibby Cantrill, PIMCO head of public policy, joins 'The Exchange' to discuss the Georgia Senate showdown and why it matters to Wall Street.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPIMCO's Libby Cantrill breaks down what the midterm results mean for marketsLibby Cantrill, head of U.S. public policy at PIMCO, joins CNBC's 'Squawk Box' to discuss what the midterm election results mean for markets.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPIMCO's Libby Cantrill: The parties in some ways are trying to outhawk each other on ChinaPIMCO's Libby Cantrill joins the 'CNBC Special: Taking stock' to discuss tomorrow's midterm election, the impact it could have on big business and the sectors that stand to benefit most.
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