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☆ Cooler inflation is good news, but don't bet on rate cuts, Wells Fargo's Schumacher says
▼ + stars: | 2023-07-12 | by ( Stephanie Landsman | ) www.cnbc.com time to read: +1 min

Wells Fargo Securities' Michael Schumacher says the market is far too quick to price in interest rate cuts. The firm's head of macro strategy acknowledges the June consumer price index out Wednesday is encouraging. They're having a good old time," the firm's head of macro strategy told CNBC's " Fast Money " on Wednesday. Schumacher thinks the Fed will hike rates a quarter point in two weeks and possibly again in September. That could have big ramifications for the benchmark 10-year Treasury note yield.

Persons: Michael Schumacher, Schumacher, it's Organizations: Wells Fargo Securities, Federal Reserve, Treasury Locations: Wells Fargo

☆ Market overpricing odds of Fed rate cut after cooler inflation data: Wells Fargo
▼ + stars: | 2023-07-12 | 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 EmailMarket overpricing odds of Fed rate cut after cooler inflation data: Wells FargoMichael Schumacher, Wells Fargo Securities head of macro strategy, reacts to falling Treasury yields and the CPI report on 'Fast Money.'

Persons: Wells, Wells Fargo Michael Schumacher Organizations: Wells Fargo, Wells, Wells Fargo Securities Locations: Wells Fargo

☆ Max Verstappen dominates Canadian Grand Prix to equal Ayrton Senna victories total
▼ + stars: | 2023-06-19 | by ( Ben Morse | ) edition.cnn.com time to read: +4 min

CNN —Max Verstappen put in another dominant performance to win the Canadian Grand Prix on Sunday, bringing him level with Formula One legend Ayrton Senna’s victory total. The 25-year-old ties Senna’s career victory total, with the win also being Red Bull’s 100th team victory. Aston Martin’s Fernando Alonso finished 9.5 seconds behind Verstappen in second place with Mercedes’ Lewis Hamilton completing the top three. Later in the race, Verstappen avoided suffering a similar fate to that of Mercedes driver George Russell who, after colliding with the wall off of turn 8/9, was ultimately forced to retire. I didn’t have one lap where I could relax a little bit, so it was an amazing battle.”He added: “At the beginning I had a little bit more pace, and at the end I think Lewis had a little bit more pace.

Persons: Max Verstappen, Ayrton Senna’s, Verstappen, Sergio Pérez, Aston Martin’s Fernando Alonso, Mercedes ’ Lewis Hamilton, ” Verstappen, Clive Mason, Alain Prost, Sebastian Vettel, Michael Schumacher, Hamilton, Gilles Villeneuve, ”, “, Christian Horner, Mercedes, George Russell, Alonso, Lewis Organizations: CNN, Formula, Prix, Canadian, Getty, North, Sky Sports, Bull, Red Bull Locations: North America

☆ Formula One statistics for the Canadian Grand Prix
▼ + stars: | 2023-06-14 | by ( ) www.reuters.com time to read: +3 min

[1/3] Formula One F1 - Canadian Grand Prix - Circuit Gilles Villeneuve, Montreal, Canada - June 19, 2022 Red Bull's Max Verstappen in action during the race REUTERS/Chris Helgren/File PhotoJune 14 (Reuters) - Statistics for Sunday's Canadian Grand Prix at Montreal's Circuit Gilles Villeneuve, race eight of the 22-round Formula One season:Lap distance: 4.361km. Start time: 1800GMT (1400 local)CANADAThis weekend will be the 52nd Canadian Grand Prix, and 42nd in Montreal. Hamilton has won seven times in Montreal (in 2007, 2010, 2012, 2015, 2016, 2017, 2019), including the first of his career. The rain-hit Canadian Grand Prix of 2011 was Formula One's longest race, lasting four hours, four minutes and 39.537 seconds. MILESTONEAlphaTauri's Yuki Tsunoda is starting his 50th grand prix.

Persons: Gilles Villeneuve, Max Verstappen, Chris Helgren, Montreal's Circuit Gilles Villeneuve, Red Bull, Valtteri, Montreal . Hamilton, Michael Schumacher, Fernando Alonso, McLaren, Aston, Lance, Jacques Villeneuve, Verstappen, Ayrton Senna, Bull, Hamilton, Aston Martin's Alonso, Leclerc, Sergio Perez, Aston Martin, Mercedes, Perez, Romeo's, Zhou, George Russell, Yuki Tsunoda, Alfa, Alan Baldwin, Toby Davis Organizations: Prix, Sunday's, Montreal's Circuit, Ferrari, One's, WINS, Bull, Formula One, Spanish, Aston, Alfa Romeo, Thomson Locations: Montreal, Canada, Netherlands, Finland, Montreal ., Canadian, Barcelona, Saudi Arabia, Azerbaijan, London

☆ Fade the treasury market on move during Fed's statement period, says Wells Fargo's Michael Schumacher
▼ + stars: | 2023-06-13 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFade the treasury market on move during Fed's statement period, says Wells Fargo's Michael SchumacherMichael Schumacher, Wells Fargo head of macro strategy, joins 'Fast Money' to discuss Wells Fargo's treasury market call, what to expect out of this week's Fed meeting, and more.

Persons: Wells Fargo's Michael Schumacher Michael Schumacher, Wells Organizations: Fed Locations: Wells Fargo

☆ Watch CNBC's full interview with Wells Fargo's Michael Schumacher
▼ + stars: | 2023-06-13 | 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 Wells Fargo's Michael SchumacherMichael Schumacher, Wells Fargo head of macro strategy, joins 'Fast Money' to discuss Wells Fargo's treasury market call, what to expect out of this week's Fed meeting, and more.

Persons: Wells Fargo's Michael Schumacher Michael Schumacher, Wells Organizations: Fed Locations: Wells Fargo

☆ Debt ceiling debates moving bond yields higher, says Wells Fargo's Michael Schumacher
▼ + stars: | 2023-05-10 | 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 EmailDebt ceiling debates moving bond yields higher, says Wells Fargo's Michael SchumacherMichael Schumacher, head of macro strategy at Wells Fargo, and Chris Grisanti, chief equity strategist and senior portfolio manager at MAI Capital Management, joins 'The Exchange' to discuss investing stocks that perform in recession times, opportunities in the bond market, and the Fed's rate plan.

☆ 'No visible sign of recession just yet', says Wells Fargo Securities' Michael Schumacher
▼ + stars: | 2023-05-02 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'No visible sign of recession just yet', says Wells Fargo Securities' Michael SchumacherMichael Schumacher, Wells Fargo Securities head of macro strategy, joins 'Fast Money' to talk the debt ceiling deadline, recession probability, and the Federal Reserve's next move.

☆ German magazine apologizes to Schumacher family over A.I. interview, sacks editor
▼ + stars: | 2023-04-23 | by ( ) www.cnbc.com time to read: +2 min

The publishers of a German magazine that ran an 'interview' with Michael Schumacher generated by artificial intelligence have sacked the editor and apologized to the Formula One great's family. His family said this week that they were planning legal action against weekly magazine Die Aktuelle, owned by the Essen-based Funke media group. "Die Aktuelle editor-in-chief Anne Hoffmann, who has held journalistic responsibility for the paper since 2009, will be relieved of her duties as of today." The latest edition of Die Aktuelle ran a front cover with a picture of a smiling Schumacher and the headline promising 'Michael Schumacher, the first interview'. "We're trying to carry on as a family, the way Michael liked it and still does.

☆ German magazine fires editor over AI 'interview' with Michael Schumacher
▼ + stars: | 2023-04-22 | by ( ) www.reuters.com time to read: +2 min

[1/2] Mercedes Formula One driver Michael Schumacher of Germany stands inside his team garage during the first practice session of the Japanese F1 Grand Prix at the Suzuka circuit October 5, 2012. REUTERS/Kim Kyung-HoonApril 22 (Reuters) - The publishers of a German magazine that ran an 'interview' with Michael Schumacher generated by artificial intelligence have sacked the editor and apologised to the Formula One great's family. His family said this week that they were planning legal action against weekly magazine Die Aktuelle, owned by the Essen-based Funke media group. The latest edition of Die Aktuelle ran a front cover with a picture of a smiling Schumacher and the headline promising 'Michael Schumacher, the first interview'. "We're trying to carry on as a family, the way Michael liked it and still does.

CNN —The editor-in-chief of Die Aktuelle, a German magazine that published a fake artificial intelligence (AI) interview with Michael Schumacher, has been “relieved of her duties,” a statement from publishing house FUNKE said, alongside an apology to the Schumacher family. Schumacher has not been seen in public since he suffered a brain injury in a skiing accident in December 2013. It in no way meets the standards of journalism that we – and our readers – expect from a publishing house like FUNKE,” FUNKE magazine managing director Bianca Pohlmann said in the statement. Only toward the end of the article does it become apparent that the interview was produced by AI. Hannibal Hanschke/EPA-EFE/ShutterstockSince the accident, the Schumacher family has kept updates about the health of the motorsport legend to a minimum to protect their privacy.

☆ Michael Schumacher's family taking legal action over A.I. interview
▼ + stars: | 2023-04-20 | by ( Jonathan Green | ) www.cnbc.com time to read: 1 min

Michael Schumacher's family is to take legal action against a German magazine that ran an 'interview' with the seven-time world champion that was generated by artificial intelligence. Schumacher suffered a brain injury in a skiing accident in December 2013, and his family have guarded his privacy since with updates on his recovery kept to a minimum. The latest edition of Die Aktuelle ran a front cover with a picture of a smiling Schumacher and the headline promising 'Michael Schumacher, the first interview'. Inside, it emerged the quotes had been produced by AI. A spokesperson for the family confirmed to news agency Reuters that legal action would be taken.

☆ Michael Schumacher's family plans to sue a gossip magazine for using AI to produce fake quotes from the F1 legend
▼ + stars: | 2023-04-20 | by ( Tom Porter | ) www.businessinsider.com time to read: +2 min

Michael Schumacher's family is taking legal action against German magazine Die Actuelle. The magazine published a fake interview with the racing driver generated by AI. The racing driver was placed in an induced coma after a 2013 skiing accident in the French Alps. The magazine article featured fake quotes created by an AI program called charatcter.ai, in which Schumacher discussed his health and the support of his family. The family confirmed to Reuters that it will be pursuing legal action against Die Actuelle.

CNN —The family of seven-time Formula One champion Michael Schumacher is planning legal action after a German magazine published a fake artificial intelligence (AI) interview, a family spokesperson told CNN on Thursday. “I can confirm that Michael Schumacher’s family is planning to take legal action over a fake artificial intelligence interview by German outlet Die Aktuelle,” a Schumacher spokesperson told CNN on Thursday. German weekly magazine Die Aktuelle published a fake AI interview with Michael Schumacher. “Please understand that we do not comment on this topic,” Barkhausen told CNN on Thursday. Since the accident, the Schumacher family has kept updates about the health of the motorsport legend to a minimum to protect their privacy.

☆ Schumacher family planning legal action over AI 'interview'
▼ + stars: | 2023-04-19 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Denis BalibouseApril 19 (Reuters) - Michael Schumacher's family are planning legal action against a German weekly magazine over an 'interview' with the seven times Formula One champion that was generated by artificial intelligence. A spokesperson for the Schumacher family, asked by Reuters for a comment on Wednesday, pointed to published reports of legal action. The family has guarded his privacy since, with access limited to those closest to him and little information given about his condition. The latest edition of Die Aktuelle ran a front cover with a picture of a smiling Schumacher and the headline promising 'Michael Schumacher, the first interview'. "We're trying to carry on as a family, the way Michael liked it and still does.

☆ Bank fears will likely lead to even more market volatility in the week ahead
▼ + stars: | 2023-03-24 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

Market turbulence could reign supreme once again in the week ahead, as investors worry about the potential for more trouble rippling through the banking system. The broader market was initially under pressure Friday as investors became jittery about Deutsche Bank . "The market is saying: 'You, the Fed, do not appreciate the slowdown that is going to hit us,'" Chandler said. "The market is going to do a lot better and it held onto its gains despite all the things that rocked the market. He added that market concern about banks has risen, and there is concern credit tightening will hurt the economy.

☆ Wells Fargo lists financial instability as biggest economic risk post-Fed decision
▼ + stars: | 2023-03-22 | by ( Stephanie Landsman | ) www.cnbc.com time to read: +1 min

A major Wall Street firm is ranking financial instability over inflation as the biggest economic risk for the next three months. In an interview following the Federal Reserve's quarter point interest rate hike, Wells Fargo Securities' Michael Schumacher suggested policymakers are underestimating how quickly tightening credit conditions could hurt the economy. "It's hard to say right now whether the Fed has tightened enough or too much," said Schumacher. "That's why the market has been bouncing around so much —whether it's the equity market or the bond market. As long as the financial sector can avoid another meltdown, Schumacher believes the Fed will hold interest rates higher for longer because inflation is still too high.

☆ Hard to say if Fed has tightened enough or too much, Wells Fargo's Michael Schumacher says
▼ + stars: | 2023-03-22 | by ( Melissa Lee | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHard to say if Fed has tightened enough or too much, Wells Fargo's Michael Schumacher saysMichael Schumacher, Wells Fargo Securities head of macro strategy, breaks down the Fed's latest move and its impact on the markets. With CNBC's Melissa Lee and the Fast Money traders, Karen Finerman, Tim Seymour, Steve Grasso and Guy Adami.

Yields, which move opposite price, were rising Thursday morning after the European Central Bank raised rates by a half percentage point. Yields moved even further after his report. Bleakley Financial's Peter Boockvar said the futures market moved to price in even higher odds of a Fed rate hike. On Wednesday, odds were about 50% for a quarter point rate hike, but in Thursday afternoon trading the odds jumped up to 86%. "Rate hike expectations have been rising all morning.

☆ MAI Capital Management’s Chris Grisanti says we're still headed for a garden-style recession
▼ + stars: | 2023-03-14 | 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 EmailMAI Capital Management’s Chris Grisanti says we're still headed for a garden-style recessionMAI Capital Management’s Chris Grisanti and Wells Fargo’s Michael Schumacher join 'The Exchange' to discuss the Fed's next move, inflation's impact on the economy and markets.

☆ Watch CNBC’s full interview with MAI Capital Management’s Chris Grisanti and Wells Fargo’s Michael Schumacher
▼ + stars: | 2023-03-14 | 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 MAI Capital Management’s Chris Grisanti and Wells Fargo’s Michael SchumacherMAI Capital Management’s Chris Grisanti and Wells Fargo’s Michael Schumacher, join 'The Exchange' to discuss the Fed's next move, inflation's impact on the economy and markets.

☆ Wells Fargo's warning to investors: The Fed is not your friend
▼ + stars: | 2023-02-13 | by ( Melissa Lee | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWells Fargo's warning to investors: The Fed is not your friendMichael Schumacher, Wells Fargo Securities head of macro strategy, on what to expect from tomorrow's inflation report. With CNBC's Melissa Lee and the Fast Money traders, Dan Nathan, Karen Finerman, Guy Adami and Steve Grasso.

☆ 'Fed is not your friend': Wells Fargo delivers warning ahead of key inflation report
▼ + stars: | 2023-02-13 | by ( Stephanie Landsman | ) www.cnbc.com time to read: +2 min

As Wall Street gears up for key inflation data, Wells Fargo Securities' Michael Schumacher believes one thing is clear: "The Fed is not your friend." The Fed cares about inflation, and that's just about it," the firm's head of macro strategy told CNBC's "Fast Money" on Monday. "[That] makes a big difference to the Fed – if that's 3%, 3.25%, 2.75%. He warns the year's early momentum cannot coexist with a Fed that's adamant about battling inflation. However, Schumacher notes there's still a chance the Fed chief Powell could shift course.

☆ How the Fed managed to spark a stock market rally while sticking to tough talk on interest rates
▼ + stars: | 2023-02-01 | by ( Patti Domm | In | ) www.cnbc.com time to read: +5 min

Fed Chairman Jerome Powell talked tough Wednesday, promising more rate hikes in the unrelenting battle against inflation, but he also let slip a few comments dovish enough to send the stock market sharply higher. The Federal Reserve raised interest rates Wednesday afternoon by a quarter point, as expected, and also kept a comment in its statement that it anticipates ongoing rate hikes. .SPX 1D line stocks Powell spoke afterward at a press conference, warning the market of more rate hikes and a tough stance on inflation. But traders seemed to cherry pick comments that had a dovish tilt to them, and the stock market reversed course and rallied hard. In its statement, the Fed swapped out the word "pace" for "extent" of future rate hikes when describing what it would take into account in in deciding on further increases.

☆ Mick Schumacher to double up as McLaren F1 reserve
▼ + stars: | 2023-02-01 | by ( ) www.reuters.com time to read: +1 min

"Welcome to the family, Mick," McLaren said on Twitter, pointing out also that new team principal Andrea Stella was previously performance engineer to Michael Schumacher at Ferrari. McLaren had a reserve-sharing agreement with Renault-owned Alpine last season, when Australian Piastri was Alpine's third driver. McLaren then won a contract dispute with Alpine for Piastri to race for them this year. Mercedes and Williams shared Nyck de Vries as reserve last season, with the Dutch driver now due to race with Red Bull-owned AlphaTauri. McLaren also have 2021 IndyCar champion Alex Palou contracted to a reserve role where the Spaniard's schedules allow.

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