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Search resuls for: "Bleakley Financial"


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☆ Berkshire Hathaway shares rise as investors cheer earnings beat and Geico's quick turnaround
  + stars: | 2023-05-08 | by ( Yun Li | ) www.cnbc.com   time to read: +3 min
Warren Buffett tours the grounds at the Berkshire Hathaway Annual Shareholders Meeting in Omaha Nebraska. Berkshire's B shares climbed 1.5% in premarket trading, set to add to their 5% gain so far this year. — Berkshire Hathaway shares rose on Monday as Warren Buffett's conglomerate wooed investors with a strong earnings report and an insightful "Woodstock for Capitalists" over the weekend. The strong performance was driven by a rebound in Berkshire's insurance business, especially auto insurer Geico. Geico's surprise recoveryGeico, the crown jewel of Berkshire's insurance empire and Buffett's favorite child, saw a big turnaround in the quarter, returning to an underwriting profit of $703 million.
☆ Retailers bought so much stuff during the pandemic that it's overburdening warehouses — and it may be causing a 'freight recession,' analyst says
  + stars: | 2023-04-26 | by ( Nidhi Pandurangi | ) www.businessinsider.com   time to read: +3 min
Executives at trucking giant JB Hunt recently sounded the alarm about a freight recession. Over-buying during the pandemic is depressing the demand for goods, which is impacting freight and transport. Executives at trucking giant JB Hunt sounded the alarm over a "freight recession" at a first-quarter conference call last week. A freight recession basically means there are fewer trucks delivering goods across America. Notably, the freight recession is not a US-only problem.
☆ The Fed is making decisions on rearview mirror data, says Bleakley's Peter Boockvar
  + stars: | 2023-04-19 | 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 EmailThe Fed is making decisions on rearview mirror data, says Bleakley's Peter BoockvarPeter Boockvar, Bleakley Financial chief investment officer, joins CNBC's 'Squawk Box' to discuss disagreement among Fed officials on interest rate hikes and why he thinks a pause is a right move.
☆ Oil prices could rise if Fed stops hiking rates, says Bleakley's Peter Boockvar
  + stars: | 2023-04-14 | 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 EmailOil prices could rise if Fed stops hiking rates, says Bleakley's Peter BoockvarPeter Boockvar, Bleakley Financial Group, joins 'The Exchange' to discuss the latest remarks from the Fed.
☆ Why Warren Buffett is investing in Japan and how to know if you should too
  + stars: | 2023-04-11 | by ( Yun Li | ) www.cnbc.com   time to read: +4 min
Warren Buffett has grown even fonder of his favorite Japanese trading houses, hiking his already-large investments and teasing of more to come. Berkshire Hathaway raised its stakes in five Japanese trading houses — Mitsubishi Corp. , Mitsui & Co ., Itochu Corp. , Marubeni and Sumitomo — all to 7.4%. Buffett will appear live from Japan on CNBC's "Squawk Box" on Wednesday from 6 a.m. to 9 a.m. The five trading houses — roughly akin to a conglomerate structure, just like Berkshire— seem to check every box of Buffett's stock-picking criteria. In light of expectations for tighter policy, BlackRock , the world's largest asset manager, last month cut Japanese stocks to "underweight."
☆ In 3 to 6 months service inflation will slow dramatically, says Bleakley's Peter Boockvar
  + stars: | 2023-04-10 | 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 EmailIn 3 to 6 months service inflation will slow dramatically, says Bleakley's Peter BoockvarTorsten Slok, chief economist at Apollo Global Management, and Peter Boockvar, CIO at Bleakley Financial Group, join 'The Exchange' to discuss regional banks reorganizing balance sheets, the prolonged effects of a credit crunch, and future Fed policy plans.
☆ Watch CNBC's full interview with Apollo's Torsten Slok and Bleakley's Peter Boockvar
  + stars: | 2023-04-10 | 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 EmailWatch CNBC's full interview with Apollo's Torsten Slok and Bleakley's Peter BoockvarTorsten Slok, chief economist at Apollo Global Management, and Peter Boockvar, CIO at Bleakley Financial Group, join 'The Exchange' to discuss regional banks reorganizing balance sheets, the prolonged effects of a credit crunch, and future Fed policy plans.
☆ Watch CNBC's full interview with Citi's Steven Wieting and Bleakley's Peter Boockvar
  + stars: | 2023-04-03 | 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 Citi's Steven Wieting and Bleakley's Peter BoockvarSteven Wieting, chief investment strategist at Citi Global Wealth Management Investments, and Peter Boockvar, CIO at Bleakley Financial Group, join 'The Exchange' to discuss market expectations for Fed policy, gauging recession concerns and dislocations in the market for banks.
☆ McDonald's could be the start of layoffs outside of tech, says Bleakley's Peter Boockvar
  + stars: | 2023-04-03 | 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 EmailMcDonald's could be the start of layoffs outside of tech, says Bleakley's Peter BoockvarSteven Wieting, chief investment strategist at Citi Global Wealth Management Investments, and Peter Boockvar, CIO at Bleakley Financial Group, join 'The Exchange' to discuss market expectations for Fed policy, gauging recession concerns, and dislocations in the market for banks.
☆ Here’s what experts think of European banking stocks
  + stars: | 2023-03-27 | 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 EmailHere’s what experts think of European banking stocksJeff Kleintop, chief global investment strategist at Charles Schwab, and Peter Boockvar, Bleakley Financial chief investment officer, join 'The Exchange' to discuss European banking stocks and whether they are good investment long-term.
☆ Watch CNBC's full interview with Charles Schwab's Jeff Kleintop and Bleakley's Peter Boockvar
  + stars: | 2023-03-27 | 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 Charles Schwab's Jeff Kleintop and Bleakley's Peter BoockvarJeff Kleintop, chief global investment strategist at Charles Schwab, and Peter Boockvar, Bleakley Financial chief investment officer, join 'The Exchange' to discuss European banking stocks and whether they are good investment long-term.
☆ Markets saw a dovish Fed hike but Powell's warning on credit conditions spooked investors
  + stars: | 2023-03-22 | by ( Patti Domm | In | ) www.cnbc.com   time to read: +3 min
Are we going to celebrate the end of Fed rate hikes because things have started to hit the fan?" Strategists pointed to Powell's comment that financial conditions may have tightened more than it appears in traditional market measures, which would be stocks and bond spreads. "Number one, he remains unwavering on inflation, and he does acknowledge he sees a tightening of credit conditions. Briggs also called out Powell's comments about the impact from credit tightening , and the effect those actions can have. "That tightening via credit conditions can take the place of hikes (and vice versa if we don't get tighter credit conditions)," he said. "
☆ The Fed is likely to hike rates by a quarter point but it must also reassure it can contain a banking crisis
  + stars: | 2023-03-21 | by ( Patti Domm | In | ) www.cnbc.com   time to read: +6 min
Investors will be looking for assurances from Fed Chairman Jerome Powell that the central bank can contain the banking problems. Expectations for Fed rate hikes also moved dramatically: What was expected to be a half-point hike two weeks ago is now up for debate at a quarter point or even zero. He said the Fed will not likely say it is going to pause, but its messaging could be interpreted that way. Depending on their [projections], I think the market will think this is the final hike." Swonk also expects the Fed to withhold its so-called dot plot, the chart on which it shows anonymous forecasts from Fed officials on the path for interest rates.
☆ Fed needs to 'call a timeout' and stop hiking rates, says Bleakley's Peter Boockvar
  + stars: | 2023-03-20 | 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 EmailFed needs to 'call a timeout' and stop hiking rates, says Bleakley's Peter BoockvarPeter Boockvar, Bleakley Financial Group, on what bank closures mean for the Fed. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Dan Nathan and Julie Biel.
☆ Asia markets set to rise over Wall Street banks' move to shore up banking system
  + stars: | 2023-03-17 | by ( Jihye Lee Lim Hui Jie | Jihye Lee | Lim Hui Jie | ) www.cnbc.com   time to read: +1 min
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.
☆ Bank troubles roil markets and make Fed's decision next week more fraught
  + stars: | 2023-03-17 | by ( Patti Domm | In | ) www.cnbc.com   time to read: +7 min
Even with Friday's sell-off, the S & P 500 and Nasdaq scored gains for the week. The S & P 500 rose 1.4%, compared to a tiny loss of 0.2% in the Dow . "If the U.S. economy is going into a recession, they're going to be buying less cloud service. On Friday, durable goods for February is reported, and there are releases of flash S & P Global PMI data for services and manufacturing. Durable goods 9:30 a.m. St. Louis Fed President James Bullard 9:45 a.m. S & P Global Manufacturing PMI 9:45 a.m. S & P Global Services PMI
☆ CNBC Daily Open: Credit Suisse brings the banking crisis to Europe
  + stars: | 2023-03-16 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The banking turmoil in the U.S. — which appeared to be contained just yesterday — spread to Europe on Wednesday in the form of Credit Suisse. Tightening financial conditions and a slowdown in the economy are exactly what the Federal Reserve is hoping to engineer through its interest rate hikes. Subscribe here to get this report sent directly to your inbox each morning before markets open.
☆ CNBC Daily Open: Credit Suisse spreads the banking crisis to Europe
  + stars: | 2023-03-16 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The banking turmoil in the U.S. — which appeared to be contained just yesterday — spread to Europe on Wednesday in the form of Credit Suisse. Tightening financial conditions and a slowdown in the economy are exactly what the Federal Reserve is hoping to engineer through its interest rate hikes. Subscribe here to get this report sent directly to your inbox each morning before markets open.
☆ A potential banking crisis could do the Fed's job for it, says CI RegentAtlantic's Andy Kapyrin
  + stars: | 2023-03-15 | 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 EmailA potential banking crisis could do the Fed's job for it, says CI RegentAtlantic's Andy KapyrinAndy Kapyrin, CI RegentAtlantic private wealth co-CIO, Nancy Tengler, CEO and CIO at Laffer Tengler Investments, and Peter Boockvar, Bleakley Financial Group CIO, join 'The Exchange' to discuss pricing in the Fed's rate decision, mounting recession concerns, and the market response to banking sector turmoil.
☆ Watch CNBC's full interview with Bleakley Financial Group's Peter Boockvar, Laffer Tengler's Nancy Tengler and CI RegentAtlantic's Andy Kapyrin
  + stars: | 2023-03-15 | 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 Bleakley Financial Group's Peter Boockvar, Laffer Tengler's Nancy Tengler and CI RegentAtlantic's Andy KapyrinAndy Kapyrin, CI RegentAtlantic private wealth co-CIO, Nancy Tengler, CEO and CIO at Laffer Tengler Investments and Peter Boockvar, Bleakley Financial Group CIO, join 'The Exchange' to discuss pricing in the Fed's rate decision, mounting recession concerns, and the market response to banking sector turmoil.
☆ Financial shares fall as Credit Suisse becomes latest crisis for the sector
  + stars: | 2023-03-15 | by ( Jesse Pound | ) www.cnbc.com   time to read: +2 min
Shares of the Swiss bank fell more than 24% after its biggest backer said it won't provide further financial support. Credit Suisse announced on Tuesday that it had found " material weakness " in its financial reporting process from prior years. Bank stocks were under pressure on Wednesday as the sharp drop of Credit Suisse rattled a segment of the market that was already reeling from two large bank failures in the past week. Some regional bank stocks saw even bigger declines. Credit Suisse struggles come on the heels of the collapse of Silicon Valley Bank and Signature Bank in the U.S. Those failures caused steep sell-offs in regional bank stocks on Monday.
☆ How Credit Suisse and SVB are connected: Fear
  + stars: | 2023-03-15 | by ( Allison Morrow | ) edition.cnn.com   time to read: +2 min
Credit Suisse shares crashed more than 20% in Zurich after the bank’s biggest shareholder chose not to increase its funding, dragging down European bank stocks along with it. Why are traders seeing a connection between the Credit Suisse turmoil and the collapse of two US banks last week? “Credit Suisse has been a slowing-moving car crash for years,” wrote Peter Boockvar, chief investment officer of Bleakley Financial Group. Customers withdrew billions from Credit Suisse last year, contributing to the bank’s biggest annual loss since the financial crisis in 2008. In short, the collapse of Silicon Valley Bank didn’t cause Credit Suisse to stumble, but it did put the embattled bank under even more intense scrutiny.
☆ Here's what the plummet in European bank stocks mean for U.S. markets
  + stars: | 2023-03-15 | 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 EmailHere's what the plummet in European bank stocks mean for U.S. marketsPeter Boockvar, Bleakley Financial Group CIO and CNBC contributor, joins 'Squawk Box' to make some understanding of the bank stock performance in Europe, if the plummet in European bank stocks has any ties to Credit Suisse and more.
☆ The bond market's recession warning has gotten more urgent
  + stars: | 2023-03-13 | by ( Patti Domm | In | ) www.cnbc.com   time to read: +5 min
The bond market is sending a more urgent recession warning and also signaling that the Federal Reserve may have to pause raising interest rates — giving up its fight against inflation. The sharp move in the 2-year yield also resulted in a rapid steepening of the yield curve. "The steepening always starts to happen because the market expects the Fed to cut rates in response to that recession." DoubleLine Capital CEO Jeffrey Gundlach also said the "aggressively steepening" of the Treasury yield curve after inversion is "highly suggestive of imminent recession." The 2-year yield jumped above 5% after he spoke.
☆ The economy is definitely moving toward a hard landing, says Bleakley's Peter Boockvar
  + stars: | 2023-03-10 | 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 EmailThe economy is definitely moving toward a hard landing, says Bleakley's Peter BoockvarPeter Boockvar, Bleakley Financial Group CIO, joins 'Closing Bell: Overtime' to discuss his call that there's zero chance the Fed's next rate hike will be 50 bps.
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