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U.S. government bond yields have surged too, puzzling many market participants. I am going to stick with the contrarian view and bet on rates continuing to move higher. I'll express that through a bearish bet on the iShares 20+ Year Treasury Bond ETF (TLT) which tracks bond prices. Various inputs have driven yields higher, creating the opposite outcome for the Fed as they continue to try to land the proverbial plane. Jeffrey Gundlach stated (post Fed meeting) that interest rates could shoot even higher if Republicans end up controlling the House too.
Persons: Donald Trump's, Jeffrey Gundlach, Jerome Powell, TLT Organizations: Federal Reserve, Treasury Bond ETF, Fed, Treasury, CNBC, NBC UNIVERSAL
Bitcoin is on track to hit the $100,000 price milestone by the end of the year after President-elect Donald Trump's election victory, according to analysts. Bitcoin at $100,000 "doesn't sound so unreasonable" given it equates to "just 10% of gold's market share," Butterfill told CNBC in emailed comments. BTC to hit $100K by Trump's inauguration A $100,000 bitcoin price is likely to be reached by the time Trump is inaugurated president on Jan. 20, 2025, according to Fadi Aboualfa, head of research at crypto custodian Copper.co. Still, with bitcoin exchange-traded funds currently holding roughly 1.1 million bitcoins, momentum is likely to be positive in the coming months, Aboualfa added. It cuts in half the supply of bitcoin issued to miners who successfully produce new bitcoins.
Persons: Donald Trump's, James Butterfill, Butterfill, Trump, Kamala Harris, Gary Gensler, CoinShares, Kooner, Fadi Aboualfa, Aboualfa Organizations: Republicans, CNBC, Wednesday, U.S . Securities, Exchange Commission, SEC, Federal Reserve, BTC, Trump's Locations: America, bitcoin, U.S
Gold ticks lower but holds near key $2,700 level
  + stars: | 2024-11-08 | by ( ) www.cnbc.com   time to read: +2 min
Argor Heraeus SA-branded one kilogram gold bars are arranged for a photograph at the Chinese Gold and Silver Exchange Society in Hong Kong, China. Gold prices eased on Friday but hovered around the $2,700 level, as traders assessed the impact of Donald Trump's presidency and its implications for the U.S. interest rate outlook. Spot gold fell 0.4% to $2,697.19 per ounce as of 0251 GMT and was headed for a weekly loss. Gold prices are marginally pressured due to the market's uncertainty over U.S. political and policy developments, said Kyle Rodda, financial market analyst at Capital.com. Spot silver fell 0.8% to $31.75 per ounce, platinum fell 0.2% to $994.80 and palladium shed 0.21% to $1,022.36.
Persons: Argor, Donald Trump's, Kyle Rodda, Rodda, Brian Lan Organizations: Argor Heraeus, Silver Exchange Society, U.S, Federal Reserve, GoldSilver, Gold Locations: Hong Kong, China, Singapore, Beijing
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect a wild ride in Trump's 2nd term as he structurally breaks away from traditional U.S. policiesMatt Gertken from BCA Research says Trump's economic policies could push inflation higher, which is the very issue that caused the Democrats' defeat in this election.
Persons: Matt Gertken Organizations: BCA Research Locations: Trump's, U.S
It's still uncertain what Donald Trump's second presidency will look like, but his first administration was highly responsive to business issues with a set way of operating, top German business executive Joe Kaeser told CNBC. "If I personally, for my company at the time, had an issue to resolve, his administration was extremely receptive," the chairman of the supervisory board of Siemens Energy said in an interview with CNBC's Annette Weisbach Thursday. Kaeser was Siemens' CEO throughout President-elect Trump's first term. Trump did "a lot of things which helped the economy" during his first four years in office, Kaeser said, noting that he believed the president-elect's tax cuts at the time were a positive. One study done at the time, however, showed that the Trump tax cuts, which were implemented in 2017, only had a limited contribution to the strong U.S. growth the following year.
Persons: It's, Donald Trump's, Joe Kaeser, CNBC's Annette Weisbach, Kaeser, Trump's, Trump Organizations: CNBC, Siemens Energy, Siemens, Trump Locations: New York
Jack Dorsey, co-founder of Twitter Inc., speaks during the Bitcoin 2021 conference in Miami, Florida, U.S., on Friday, June 4, 2021. "Our primary focus is #Bitcoin," Dorsey proclaimed on Twitter. The name of the business unit would be TBD. Block called it Web5 and said the mission was to create a more decentralized, secure and private internet. Dorsey said in a tweet in mid-2022 that Web5 "will likely be our most important contribution to the internet."
Persons: Jack Dorsey, Shiba Inu, bitcoin, Dorsey, Amrita Ahuja Organizations: Twitter Inc, Twitter, Square Inc Locations: Miami , Florida, U.S
Treasury yields have ripped higher of late, even as the Federal Reserve continues to cut rates. The benchmark 10-year Treasury note yield has soared nearly 70 basis points to 4.3% since mid-September, when the Fed cut rates by a half-point. Despite the Fed's latest action, the incoming Trump administration is likely to keep yields elevated, according to Ned Davis Research. Dimitrova noted that rising debt-to-GDP ratio has been closely linked with higher bond yields. The question for investors now is: How long until higher yields start putting pressure on equities?
Persons: Trump, Ned Davis, Veneta, Dimitrova, Goldman Sachs, BNTX Organizations: Federal Reserve, Ned Davis Research
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMight be a 'little while' before Dutch Bros. expands to the Northeast U.S., says CEO BaroneDutch Bros. President and CEO Christine Barone joins 'Mad Money' host Jim Cramerto talk quarterly results, consumer trends and more.
Persons: Barone Dutch, Christine Barone, Jim Cramerto Organizations: Bros, Barone Dutch Bros Locations: Northeast U.S
Donald Trump's second presidency could help supercharge small cap stocks further, according to Fundstrat managing partner and head of research Tom Lee. "Since 1987 small caps traded on a median price-to-earnings [ratio] at a premium basis to the S & P 500, and the S & P 500 is at 17 times. I think small caps could over the next couple of years outperform by more than 100%," Lee told CNBC's " Squawk Box " on Friday. Lee is also bullish on equities more broadly, and doesn't limit his optimistic outlook to only small caps. He also forecast the S & P 500 could break above 6,000 before the end of the year and top 6,700 in 2025.
Persons: Donald Trump's, Tom Lee, Lee, CNBC's, Russell, Stocks, Trump's, haven't, FundStrat Organizations: Trump, U.S, Granny Shots, Tesla, Oracle
The NHTSA is investigating possible safety defects in Tesla's FSD option, a partially automated driving system. In one instance, a Tesla driver using FSD fatally struck a pedestrian. Magno referred to an array of posts shared by Tesla on X, the social network owned by Tesla CEO Elon Musk. One post showed a driver using FSD to go to a hospital while enduring a possible heart attack. In the posts, Tesla suggested there are "advantages to using FSD while inebriated" or while fatigued, Magno wrote.
Persons: Elon Musk, Tesla, Gregory Magno, Magno, Donald Trump's, Elon Organizations: National, Traffic Safety Administration, NHTSA, Tesla, Trump Locations: Los Angeles , California, U.S
studioEAST | Getty ImagesSome LinkedIn users have reported receiving unsolicited flirtatious messages via the platform, with expert Bernie Hogan at the Oxford Internet Institute saying the employment-focused social website is increasingly being used for dating purposes. "It's just a gross feeling ... it's gross, it's unprofessional," Huddy told CNBC. "LinkedIn is not a workplace, it merely frames itself as a workplace," he told CNBC Make It. A recent Forbes Health Survey of 1,000 Americans who have used dating apps in the past year found that 78% felt fatigued emotionally, mentally, or physically by dating apps sometimes, often, or always. "So LinkedIn has effectively created a dating site without dating," Hogan added.
Persons: Bernie Hogan, Blair Huddy, Huddy, She's, Shriya, DatingNews.com, Hogan, Courtney Boyer, Boyer, Sasha Dutta, Dutta, Oscar Wong Organizations: Getty, Oxford Internet Institute, Hudson Davis Communications, CNBC, LinkedIn, Microsoft, Facebook, Forbes Health Survey Locations: studioEAST, Los Angeles, U.S, Central Florida, Asian
Dollar winds down after volatile week, China NPC in focus
  + stars: | 2024-11-08 | by ( ) www.cnbc.com   time to read: +4 min
The dollar further unwound some of its sharp gains from earlier in the week as traders closed out profitable bets on a Trump presidency after his election victory. That helped lift sterling back toward the $1.30 mark, while the yen similarly got some respite and hovered closer to the 153 per dollar level. Sterling last traded $1.2983, recovering from its fall to a roughly three-month low earlier in the week. Against a basket of currencies, the dollar ticked up 0.03% to 104.44, on track to gain just above 0.1% for the week. "All eyes are on what may emerge from China's policy toolkit after the conclusion of the NPC standing committee meeting."
Persons: Donald Trump's, Chancellor Olaf Scholz, Kerry Craig, Trump, Wells, Jay Bryson, Sterling, David Chao Organizations: White, National People's Congress, Trump, Federal Reserve, Morgan Asset Management, Traders, Bank of England, NPC, New Zealand, Asia Pacific, European Union Locations: U.S, Beijing, Germany, Wells Fargo, Japan, Invesco
Generative AI wasn't part of the lexicon for most of us during President-elect Donald Trump 's first four years in the White House. At a high level, generative AI is a cutting-edge form of technology that will shape the next decade and beyond. While the AI field has been around for decades, generative AI applications can create new content, including computer code, human-like text and images, in response to user prompts. Those that lead in generative AI will very likely shape the world as we know it. With 5G, Trump didn't just hope the U.S. could just fun faster than everyone else.
Persons: Donald Trump, ChatGPT, Kamala Harris, Trump, Elon Musk, OpenAI, JD Vance, Vance, Joe Biden's, Trump's, OpenAI's Sam Altman, Alphabet's Sundar Pichai, Jim Cramer, it's, Jim, they're, Jim Cramer's, Callaghan Organizations: Trump, Billionaire, Republican, Big Tech, Republican Party's, GOP, 5G, Mobile, Sprint, Verizon, Nvidia, Microsoft, Huawei, Biden, Deutsche Bank, South China, Taiwan Semiconductor Manufacturing, Apple, Washington, Intel, Eaton, Trust, CNBC, Convention Center, Callaghan O'hare Locations: Ohio, U.S, United States, America, We've, China, Taiwan, South, Beijing, Palm Beach, West Palm Beach , Florida
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNomura: U.S. inflation could stick at around 3% level next year given Trump's economic policiesRob Subbaraman of Nomura discusses the changes to their US economy outlook. He says inflation and Federal funds rate will be higher than their previous forecasts, although economic growth is unlikely to change significantly.
Persons: Rob Subbaraman, Nomura Organizations: Email Nomura
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBank of England looks set to cut rates four times in 2025, economist saysKallum Pickering, chief economist at Peel Hunt, weighs in on the likely course for U.K. interest rates, saying the Bank of England looks set to cut by a total of 100 basis points in 2025.
Persons: Kallum Pickering, Peel Hunt Organizations: Email Bank of England, Peel, Bank of England
Skyscrapers on the skyline in the financial district of Frankfurt, Germany, on Monday, Nov. 4, 2024. European markets were expected to open in mixed territory on Friday, as investors awaited corporate results and reacted to quarter-point interest rate cuts from the U.S. Federal Reserve and Bank of England. It comes as market participants continue to take in political upheaval in Germany and Donald Trump's historic presidential election victory this week. Elsewhere, Asia-Pacific markets were mixed on Friday, with investors closely monitoring the final day of China's National People's Congress, which is expected to announce fiscal stimulus measures. On Wall Street, U.S. stock futures gained marginally after the S&P 500 and Nasdaq Composite notched fresh records in a post-election rally.
Persons: Germany's DAX, Donald Trump's, Chancellor Olaf Scholz, Christian Linder, Scholz Organizations: U.S . Federal Reserve, Bank of England, France's CAC, IG, People's Congress, Nasdaq Locations: Frankfurt, Germany, Asia, Pacific, U.S
Austin, the state capital of Texas, can add another title to its name: best college town in the U.S., according to a recent ranking by WalletHub. The city is home to a number of schools, including the University of Texas at Austin, which is one of the largest research universities in the U.S. and has a student population of over 51,000. The city itself is located in central Texas and home to nearly 980,000 people, with a median household income of $86,556, per the latest available U.S. Census data. To generate its list of best college towns, WalletHub used data from a number of sources, including the U.S. Census Bureau and the Bureau of Labor Statistics, to analyze 415 cities and towns of various sizes across America. Plus, the cities tend to come with a lower cost of living than larger cities like New York or Los Angeles.
Persons: Austin, Austin Ann, Ann Arbor, Tempe Gainesville , Florida — University of Florida Atlanta — Georgia Institute of Technology It's Organizations: WalletHub, University of Texas, U.S . Census, Bureau of Labor Statistics, America ., Austin , Texas — University of Texas, Austin Ann Arbor , Michigan — University of Michigan, Ann Arbor Orlando , Florida — University of Central, Ann Arbor Orlando , Florida — University of Central Florida Tampa , Florida — University of Tampa, Ann Arbor Orlando , Florida — University of Central Florida Tampa , Florida — University of Tampa Raleigh , North Carolina —, Carolina State University Scottsdale, Scottsdale Community College, Virginia — University of Virginia, Virginia — University of Virginia Tempe , Arizona — Arizona State University, Tempe, Tempe Gainesville , Florida — University of Florida, Tempe Gainesville , Florida — University of Florida Atlanta — Georgia Institute of Technology Locations: Texas, U.S, Austin, America, Austin , Texas, Austin Ann Arbor , Michigan, Ann Arbor Orlando , Florida, Ann Arbor Orlando , Florida — University of Central Florida Tampa , Florida, Ann Arbor Orlando , Florida — University of Central Florida Tampa , Florida — University of Tampa Raleigh , North Carolina, Carolina State University Scottsdale , Arizona, Scottsdale Community College Charlottesville, Virginia, Virginia — University of Virginia Tempe , Arizona, Tempe Gainesville , Florida, Tempe Gainesville , Florida — University of Florida Atlanta, New York, Los Angeles
A judge on Friday paused proceedings in the criminal election interference case against President-elect Donald Trump, a move that reflects the expected end of the prosecution. Trump's win against Vice President Kamala Harris earlier this week was considered a death knell for Smith's prosecutions of him. On Wednesday, NBC News reported that DOJ officials have been evaluating how to wind down the election case and another criminal case against Trump before he is sworn in as president. Trump has said he plans to fire Smith, and is expected to force the DOJ to end the prosecutions. And DOJ policy bars the department from prosecuting a president while in office due to the department's position in the executive branch of government.
Persons: Jack Smith, Donald Trump, Smith, Trump, Tanya Chutkan, Chutkan, Kamala Harris Organizations: Department of Justice, NBC News, DOJ, Trump Locations: Washington , U.S, Washington ,
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRegional banks are rallying on prospect of reduced financial regulation, says KBW's Chris McGrattyChris McGratty, KBW head of U.S. bank research, joins CNBC's 'Power Lunch' to discuss what's behind the rally in regional bank stocks, how this rally differs from 2016, and more.
Persons: Chris McGratty Chris McGratty
Oil prices fall as Hurricane Rafael expected to start weakening
  + stars: | 2024-11-08 | by ( ) www.cnbc.com   time to read: +1 min
Mobile offshore drilling units stand in the Port of Cromarty Firth in Cromarty, U.K., on Tuesday, June 23, 2020. Oil prices fell slightly on Friday as the risk that a hurricane in the Gulf of Mexico will affect U.S. oil and gas output declined while the market continues to weigh how President-elect Donald Trump's policies might affect supplies. Brent crude oil futures fell 26 cents, or 0.3%, to $75.37 per barrel by 0209 GMT. U.S. West Texas Intermediate (WTI) crude gained 35 cents or 0.5% to $72.01. A strong dollar makes oil more expensive for other currency holders and tends to weigh on prices.
Persons: Donald Trump's, Brent, Rafael Organizations: . West Texas, U.S, National Hurricane Center Locations: Port, Cromarty, Gulf, Mexico, Brent, of Mexico, U.S, Iran, Venezuela, China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHigher budget deficit isn't a top concern given strong U.S. economy and dollar's central roleTodd Jablonski from Principal Global Investors says while Trump's economic policies may push up inflation, the Fed can counter balance that with monetary policy.
Persons: Todd Jablonski Organizations: Global Investors
Yields and prices have an inverted relationship and one basis point is equivalent to 0.01%. U.S. Treasury yields were lower on Friday as investors considered the outlook for interest rates and the economy after the Federal Reserve's latest rate cut decision. Treasury yields had tumbled on Thursday after the Federal Reserve announced a 25 basis point interest rate cut to a target range of 4.50%-4.75%. The Fed began easing rates at its previous meeting in September with a more aggressive 50 basis point reduction. One Fed meeting remains on the agenda for this year on December 17 to 18, for which traders were last pricing in an around 75% chance of another rate cut, CME Group's FedWatch tool showed.
Persons: Jerome Powell, Powell Organizations: Treasury, U.S, Federal, Federal Reserve, Fed
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStifel: The domestic oil & gas producers have been sticking to extreme fiscal disciplineStifel analyst Stephen Gengaro discusses how oil & gas companies may have to balance President-elect Trump's promise to boost U.S. production against the reality oil prices will likely be lower next year.
Persons: Stephen Gengaro, Trump's
Watch CNBC's full interview with BCA Research's Marko Papic
  + stars: | 2024-11-08 | 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 BCA Research's Marko PapicMarko Papic, chief strategist at BCA Research, joins CNBC's 'The Exchange' to discuss what a second Trump term will mean for investing overseas, how it will impact the U.S. dollar, and more.
Persons: Marko Papic Marko Papic Organizations: BCA Research, Trump, .
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGerman government should be settled before Trump administration takes office, former U.S. ambassador saysJames Bindenagel, visiting distinguished fellow at the German Marshall Fund and former U.S. ambassador to Germany, weighs in on what should happen next in German politics amid government turmoil.
Persons: James Bindenagel Organizations: Trump, German Marshall Fund Locations: U.S, Germany
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