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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed was a little too aggressive in easing 50bps, says Unlimited CEO Bob ElliottBob Elliott, Unlimited CEO, and Tony Roth, Wilmington Trust CIO, joins 'Closing Bell Overtime' to talk the day's market action.
Persons: Bob Elliott Bob Elliott, Tony Roth Organizations: Wilmington Trust Locations: Wilmington
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Wharton's Jeremy Siegel, NB Private’s Shannon Saccocia and Edward Jones’ Mona MahajanWharton's Jeremy Siegel, NB Private’s Shannon Saccocia and Edward Jones’ Mona Mahajan, join 'Closing Bell' to discuss markets, the Fed's next moves and the economic outlook.
Persons: Wharton's Jeremy Siegel, Shannon Saccocia, Edward Jones ’ Mona Mahajan, Jeremy Siegel
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect the market to appreciate after the election, says Sand Hill’s Brenda VingielloBrenda Vingiello, Sand Hill Global Advisors CIO, joins 'Squawk Box' to discuss the latest market trends, state of the economy, the Fed's inflation fight, and more.
Persons: Sand, Brenda Vingiello Brenda Vingiello Locations: Sand
Ashburn, Va. — His alarm buzzes at 4:45 a.m. each morning, but most days Jayden Daniels doesn’t need it. GO DEEPER Jayden Daniels' growth with VR simulation has Commanders embracing mind gamesTerry McLaurin knew after his first practice. Seven games into his career, Jayden Daniels leads the NFL in completion percentage (75.6) and ranks sixth in passer rating (107.0). “Throwing a football for somebody like Jayden Daniels is a very natural thing. They all wanted to know if Jayden Daniels was ready to be a pro.
Persons: Jayden Daniels, He’s, Gibbs Dr, ” Adam Peters, Daniels, Peters, , ” Daniels, ” Peters, didn’t, , Bobby Wagner, Tyler Biadasz, Terry McLaurin, Daniels hadn’t, hadn’t, McLaurin, Jayden, I’ve, Frankie Luvu, Dan Snyder, , Zach Ertz, that’s, Paul Walker, Jurgensen, Michael Vick, something’s, Joe Gibbs, … ” Walker, Rob Abelman, Gibbs, Snyder, Abelman, Jared, doesn’t, Daniels ’, Hope, Ryan Porter, Jay Daniels, he’d, Porter, ” Jay, Jay, ” he’d, “ Dad, ” Jayden, “ I’m, Jay wouldn’t, “ You’re, ” They’d, Joe Montana, “ It’s, Jayden —, Patrick Smith, , “ What’s, ” Porter, He’d, Scott Winters, grandpa, It’d, Herm Edwards, ” Sherman Wilson texted, Wilson, ” Wilson, Bundini Brown, Wilson texted, you’re, Joe Sloan, LSU’s, Malik Nabers, Brian Thomas Jr, wouldn’t, texted Wilson, “ They’ll, Washington QB Michael Penix Jr, I’m, Rich Graessle, Caleb Williams, Dan Quinn, ” Wilson texted, “ We’re, it’s, “ We’ve, ” McLaurin, ” Kliff, Washington’s, , Marcus Mariota, Mariota, ” Sloan, Nothing’s, “ he’s, Cooper Neill Organizations: LSU, NFL, Hall of Fame, , Washington, Philadelphia Eagles, Panthers, Eagles, RFK, Super Bowl, Carolina, NFC, YMCA, , Iowa State, Pop Warner, San Bernardino YMCA, The Cowboys, Cajon, Arizona State, Getty, NCAA, Tigers, Washington QB, QB, Gators, Heisman, Alabama, Bears, NFL evaluators Locations: Ashburn, Va, Washington, Philadelphia, San Bernardino Mountains, Iowa, San Bernardino, Cajon, COVID, Tempe, wasn’t, Baton Rouge, Alabama, New York City, ” Kliff Kingsbury
Washington CNN —Americans’ attitudes toward the economy improved this month thanks to lower interest rates. Americans’ expectations for inflation rates in the long run also edged lower this month. “This month’s increase was primarily due to modest improvements in buying conditions for durables, in part due to easing interest rates,” Joanne Hsu, director of the university’s Surveys of Consumers, said in a release. The Federal Reserve last month cut interest rates for the first time in more than four years, by a bold half point, in part thanks to inflation coming under control. Lower borrowing costs make it cheaper for American shoppers to buy durable goods such as appliances, cars and furniture, which are usually bought on credit.
Persons: ” Joanne Hsu, haven’t, ” Robert Frick, Donald Trump Organizations: Washington CNN, University of Michigan’s, Consumers, Federal Reserve, Navy Federal Credit Union, University of Michigan
With massive corporations including Alphabet , Meta , Apple , Microsoft and Amazon set to report earnings next week, CNBC's Jim Cramer on Friday urged investors to keep a level head. "Just please remember, the first move's been the wrong move almost half the time since this earnings season began. Monday starts off the week with earnings from Ford . Tuesday brings McDonald's earnings report, and Cramer said to expect "a full airing of the e-coli situation," but that it is too early to tell how much damage it will do to the fast food chain. The monster week for earnings will continue into Thursday, as both Apple and Amazon will report after the bell.
Persons: CNBC's Jim Cramer, Cramer, Chipotle, Brian Niccol's, Eli Lilly, Meta, Chevron's, Hess, Exxon doesn't Organizations: Apple, Microsoft, Federal Reserve, Ford, Disease Control, Prevention, Royal, PayPal, Caterpillar, Meta, Merck, Bristol, Oil titans Chevron, Exxon, Chevron Locations: Gulf of Mexico, Myers
Expectations of a Fed rate cut caused mortgage rates to drop to a two-year low of 6.08% in late September, but it failed to spur homebuying activity. Every percentage point on a mortgage rate makes a big difference for that monthly payment. Here’s what’s driving the recent upswing in mortgage rates. Mortgage rates track the 10-year US Treasury yield, which was expected to fall in anticipation of further rate cuts. “I am clearly not going to own any fixed income.”The government’s fiscal situation might already be having an impact on mortgage rates.
Persons: Freddie Mac, pare, what’s, ” Sam Khater, Freddie Mac’s, Robyn Beck, Donald Trump, Kamala Harris, Harris, “ We’re, Paul Tudor Jones, , ” Lawrence Yun, Kimberly Bradley, Zach, Kimberly, “ I’ve, ” Kimberly, ” Ken Lowrey, Ken Lowrey, “ homeownership, , Lowrey Organizations: Washington CNN, Federal Reserve, National Association of Realtors, Mortgage, Association, Treasury, Getty, Federal Budget, Trump, CNBC, US Postal Service Locations: AFP, Manteo , North Carolina, Charleston , South Carolina
The U.S. dollar traded close to a three-month high against major peers on Thursday, underpinned by expectations for a slower pace interest rate cuts by the Federal Reserve and growing bets of a possible second Donald Trump presidency. The U.S. dollar traded close to a three-month high against major peers on Thursday, underpinned by expectations for a slower pace interest rate cuts by the Federal Reserve and growing bets of a possible second Donald Trump presidency. This week, Kansas City Fed President Jeffrey Schmid said he would prefer to "avoid outsized moves", and Philadelphia Fed President Patrick Harker backed "a slow, methodical approach" to further easing. The dollar has now "punched through key technical resistance levels" against the yen, "opening the door for higher levels", Catril said. Although opinion polls indicate a neck-and-neck race with Democratic rival, Vice President Kamala Harris, cryptocurrency-prediction exchange Polymarket has seen a sharp rise in bets for a Trump win.
Persons: Donald Trump, Jeffrey Schmid, Patrick Harker, Rodrigo Catril, Catril, Trump, Kamala Harris, Christine Lagarde, Mario Centeno Organizations: U.S ., Federal Reserve, Kansas, Philadelphia Fed, Treasury, National Australia Bank, UST, Republican, Democratic, Trump, of, Traders, European Central Bank, Wednesday Locations: Japan, Sunday's
Fed is focused on labor market now, says BNY Mellon's Jake Jolly
  + stars: | 2024-10-24 | 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 EmailFed is focused on labor market now, says BNY Mellon's Jake JollyCharlie Bobrinskoy, Ariel Investments vice chairman, and Jake Jolly, BNY Mellon head of investment analysis, joins 'Closing Bell Overtime' to talk the day's market action.
Persons: BNY, Jake Jolly Charlie Bobrinskoy, Ariel, Jake Jolly, BNY Mellon Organizations: Fed
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementNearly 12 years ago, I found a rudimentary app that helped me track how often and for how long I fed my baby. I told my mom about it, excited to share how advanced things had gotten since her days of feeding babies. Take, for instance, apps that don't just help parents track the minutiae of baby care but rather track the practice of parenting young children. While marketed as parent-support, most parenting apps are child-centered to the extreme, using the parent as a conduit to deliver a particular parenting approach.
Persons: , Nicholas Carr, There's Organizations: Service
After months of that mounting pressure — plus an investor lawsuit — Stellantis confirmed that Tavares would retire after his contract expires in early 2026. A Stellantis spokesperson said the investor lawsuit is without merit, and the company plans to "vigorously defend itself." "If a customer has an older Stellantis product, the odds of buying a new one are very, very diminished, especially compared to the rest of the industry," Drury said. Stellantis, in return, has filed a lawsuit accusing the union of violating the contract with its strike authorization votes. AdvertisementAfter a historic strike at all three Detroit car companies last fall, the UAW won the right to strike over product commitments.
Persons: Carlos Tavares, Tavares, , Stellantis, — Stellantis, Kevin Farrish, Dave Kelleher, Kelleher, Jeep, Dodge, Ivan Drury, Edmunds, Drury, Carlos, Shawn Fain Organizations: Investors, Service, Fiat Chrysler Automobiles, France's PSA Groupe, United Auto Workers, UAW, Chrysler, Dodge, Stellantis, Renegade, Cherokees, Hyundai, Cox Automotive, Detroit, Cherokee Locations: North America, Portuguese, Pennsylvania, Illinois
A queue of people forms outside a money changer (L) as people wait to buy and sell the Japanese yen against foreign currency, along a street in central Tokyo on April 29, 2024. In the past, weakness in the Japanese currency has been attributed to the difference between the U.S. and Japanese interest rates as lower rates tend to pressure currencies, while higher rates lift them up. Japan had negative rates for about eight years, keeping it's currency weak compared to the dollar. The Japanese yen is hovering near three-month lows against the U.S. dollar, after hitting 153.18 late Wednesday. "The annualised 1-month deposit rate for yen is +0.03%, while it is 4.76% for the U.S. dollar.
Persons: Alvin Tan, Homin Lee, Lombard Odier, Donald Trump, Lee, RBC's Tan, Hugh Chung Organizations: Federal, Bank of Japan, U.S, U.S ., Asia FX, RBC Capital Markets, CNBC Locations: Tokyo, Japan, Asia, Swiss, U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed is 'putting fuel on the fire' with rate cuts, says Richard Bernstein Advisors' CEORichard Bernstein, CEO and CIO at Richard Bernstein Advisors, joins CNBC's 'The Exchange' to discuss economic outlooks, where he sees opportunity in the market, and more.
Persons: Richard Bernstein, Bernstein Organizations: Richard Bernstein Advisors, Bernstein Advisors
Gold ticks higher as safe-haven bids offset firm dollar
  + stars: | 2024-10-24 | by ( ) www.cnbc.com   time to read: +2 min
Gold bars seen at Gold Investments bullion dealers in London, U.K., on January 15, 2014. Gold prices drifted higher on Thursday, as safe-haven demand countered a firmer dollar, while palladium hit a more than one-month peak. Spot gold rose 0.3% to $2,725.51 per ounce by 0143 GMT. A stronger dollar makes gold more expensive for other currency holders. "The Fed's monetary easing cycle, stimulus measures in China, and supply constraints will continue to drive silver prices higher into 2025 where it could potentially scale higher levels of around $45," Sachdeva said.
Persons: Kamala Harris, Republican Donald Trump, Sugandha Sachdeva, Sachdeva, Nornickel Organizations: Gold Investments, U.S, Republican, New, SS, Bloomberg News Locations: London, New Delhi, ., China, U.S
Brendan McDermid | ReutersThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineLike an unwelcome ex-partner who shows up during the most inopportune times and refuses to leave, Treasury yields too have made a return and are hogging the market limelight. It's not inconceivable, then, that the strong economy might prompt the Fed to slow down, or even hold back, its rate cuts. The stock market slumped as yields rebounded.
Persons: Brendan McDermid, Brent Schutte, Paul Hickey, Hickey, Wells, they'll, , Jeff Cox, Lisa Kailai Han, Pia Singh, Brian Evans Organizations: New York Stock Exchange, Reuters, CNBC, U.S . Federal Reserve, Fed, Northwestern Mutual Wealth Management, Dow Jones Industrial, Nasdaq Locations: TY, New York City, U.S
Bond market investors are having trouble figuring out an economy that looks good from 30,000 feet, but less so closer to the ground. Whether it's payrolls, gross domestic product or retail sales, or a host of other measures, growth looks solid, at the very least. On Wall Street, the general view was of concern: The Beige Book "showed no material improvement in a generally bleak outlook," Citigroup economist Andrew Hollenhorst wrote. However, if growth deteriorates, as the Beige Book indicates it has, that likely would push the Fed towards more reductions. "Despite recent stronger-than-expected data on U.S. employment, retail sales, and consumer inflation, the Fed's latest Beige Book signals a still weakening economy."
Persons: it's, Goldman Sachs, Donald Trump, Goldman, Andrew Hollenhorst, Kathy Bostjancic, Peter Boockvar, Jerome Powell, Nicholas Colas Organizations: Treasury, Federal Reserve, Atlanta Fed, Fed, Citigroup, Nationwide, Bleakley Financial, DataTrek
If you're ready to rebalance investments or harvest profits, you could shield more earnings from capital gains taxes in 2025. The IRS on Tuesday announced dozens of inflation adjustments for 2025, including long-term capital gains brackets, which apply to assets owned for more than one year. Starting in 2025, there are higher taxable income thresholds for the 0% capital gains bracket, meaning investors can sell more assets without triggering taxes. The 0% capital gains bracket creates a "significant opportunity" for tax planning, according to certified financial planner Neil Krishnaswamy, president of Krishna Wealth Planning in McKinney, Texas. Here's what to know about the 0% long-term capital gains rate for 2025 and how to qualify.
Persons: Neil Krishnaswamy, Krishnaswamy Organizations: IRS, Krishna Wealth, Finance Locations: McKinney , Texas
Where Vanguard sees opportunity to earn income right now
  + stars: | 2024-10-24 | by ( Michelle Fox | ) www.cnbc.com   time to read: +4 min
With the Federal Reserve rate-cutting cycle now underway, income investors may want to take a closer look at their portfolios. In this environment, Vanguard likes higher-quality, fixed-income assets. However, with high yield credit, Vanguard is focusing on bottom-up security selection due to the dispersion among issuers. CCC-rated bonds gained 12.5% year to date, as of Sept 30, versus the 4.3% return in AA credit, according to Vanguard. Individual investors can get access to corporate credit through mutual funds or exchange-traded funds comprising investment-grade or high-yield bonds.
Persons: Sara Devereux, Devereux, Colleen Cunniffe, Cunniffe, outsized Organizations: Federal, Vanguard, Fed, Investor, Securities, Exchange Commission, Fund Locations: Utilities
This, despite the fact that younger investors were more optimistic about the economy, their incomes, their living situations, and their investments. Millennial investors have been deeply scarred by two life-changing crises in their young lives. But if you look at hard numbers from the Federal Reserve about what millennial investors actually own, you can see that this stereotype is misguided. When you compare millennials' cash levels with Gen X's cash levels at the same age, though, the risk aversion becomes clear. But when it comes to younger investors, I think the scars run deeper than worries about a coming downturn.
Persons: Cash, it's, millennials, Gen Xers, boomers, There's, would've, you'd Organizations: Bank of, Federal Reserve, University of Michigan, Occupy, Dow, Netflix Locations: eToro, United States, YOLO
For Chinese imports, Trump has proposed an even steeper 60% tariff. Many economists have warned that tariffs planned by Trump will hurt global economic growth and drive up inflation in the US, as well as abroad if other countries introduce higher levies on US imports in response. The International Monetary Fund (IMF) also sees a hit to global gross domestic product from increased tariffs around the world, according to its latest World Economic Outlook. Mario Tama/Getty ImagesA rise in protectionism around the world means open trade is already under threat and the ability of its champion, the World Trade Organization, to settle international trade disputes is severely constrained. “What we’d see in Trump 2 is far more radical than what we saw in Trump 1.”
Persons: Smoot, Donald Trump, Federal Reserve — Trump, Trump, , Evan Vucci, he’s, Maurice Obstfeld, Kristalina Georgieva, , Mario Tama, ” Obstfeld, ” Petros Mavroidis, Scott Olson, Joe Biden, André Sapir, Bruegel, Jerome Powell, Powell, ” Trump, ” Edward Alden, ” Alden Organizations: London CNN, Federal Reserve, Bloomberg, Economic, of Chicago, Trump, Peterson Institute for International Economics, Republican, UBS, Monetary Fund, ABN AMRO, Peterson Institute, IMF, White, Port, World Trade Organization, CNN, Columbia Law School, US, European Union, EU, greenback, Foreign Relations, Locations: United States, Hawley, Washington, DC, China, Ukraine, Chicago, Japan, France, South Korea, Port of Los Angeles, Indiana, Portage , Indiana, Brussels, Trump
But there are some weak points — like a growing federal debt load. There are a few less-rosy data points out there, like rising long-term unemployment and a historically high level of federal debt. Federal debt is high compared to GDP, even looking beyond the spike of the debt as a share of GDP during the pandemic. While federal debt as a share of GDP was slightly above 100% before the pandemic, recent figures are much higher than in the past. Federal debt was 120% of GDP in the second quarter of this year.
Persons: , Kamala Harris, Donald Trump, Mark Hamrick, Kurt Reiman, Reiman, They're, aren't, Hamrick, There's, Biden Organizations: Service, The New York Times, Siena College, Pew Research, Associated Press, NORC, for Public Affairs Research, University of Michigan's, Consumers, UBS Global Wealth Management, Federal Reserve, MarketWatch Locations: America, Wells Fargo
CNBC's Inside India newsletter: A poorly timed IPO?
  + stars: | 2024-10-24 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +6 min
Shares of carmaker Hyundai 's Indian subsidiary started trading this week with much anticipation, only to drop by some 7% on its debut. Despite such success, it appears as if the stock market has given Hyundai the cold shoulder this week. First, the money raised by the stock market listing is being fed back to Hyundai's Korean parent. With the listing, the Indian subsidiary now commands nearly half the market capitalization of its Korean parent. However, the Indian subsidiary must now pay a flat 3.5% of total revenue going forward.
Persons: Ashish Vaishnav, Hyundai, it's, Gaurav Narain, Maruti Suzuki, China's, Narain, Kapil Singh, Singh, Ashish Jain, Pratik Organizations: Hyundai, Getty, Investors, Growth Fund, London Stock Exchange, ICG, Federated Hermes Global Emerging Markets Equity Fund, Maruti, Equity, Macquarie Locations: MUMBAI, MAHARASHTRA, INDIA, Mumbai, India, Korea, Hyundai India
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Fed Governor Kevin Warsh: The Fed doesn't seem to have a serious theory of inflationKevin Warsh, Hoover Institution distinguished visiting fellow and former Federal Reserve Governor, joins 'Squawk Box' to discuss the Fed's inflation fight, state of the economy, rate path outlook, and more.
Persons: Kevin Warsh Organizations: Former, Hoover Institution, Federal Reserve
That’s helped push uncertainty among small business owners to an all-time high since the nearly 40-year inception of a monthly survey the National Federation of Independent Business conducts to gauge small business sentiment. The scale of firms whose investment plans are impacted by election uncertainty is “pretty remarkable” compared to prior elections, said Daniel Weitz, survey director at the Atlanta Fed. The Fed’s Beige Book, a quarterly collection of survey responses from businesses compiled by the 12 regional Fed banks published Wednesday, highlighted a wide range of businesses that are suffering because of election uncertainty. But the blowback that businesses are facing from the election uncertainty should subside once the policy path ahead becomes more clear, at which point we could start to see a rebound in hiring and capital investment businesses make, Meyer told CNN. The combination of these three major unknowns is shaping small business owners’ uncertain outlooks, said Holly Wade, executive director of the NFIB Research Center.
Persons: Kamala Harris, Donald Trump, That’s, ” “, Duke, Daniel Weitz, , hesitancy, Brent Meyer, Harris, Meyer, that’s, They’re, Holly Wade, “ We’re, Wade Organizations: New, New York CNN, National Federation of Independent Business, Reserve, Atlanta and Richmond Federal, Duke University’s Fuqua School of Business, Fortune, Atlanta Fed, Cleveland Fed, Fed, Richmond Fed, Dallas Fed, Trump, CNN, Federal Reserve, NFIB Research Locations: New York,
CNN —There’s a spot on the shoreline from where Azamat Sarsenbayev used to jump into the brackish, blue-green Caspian Sea. Azamat SarsenbayevThe Caspian Sea is the planet’s largest inland sea and it’s largest lake, an enormous body of water roughly the size of Montana. NASAOver many thousands of years, the Caspian Sea has swung between highs and lows as temperatures fluctuated and ice sheets advanced and retreated. Their pupping sites in the shallower northeastern Caspian Sea are shifting and disappearing, as the animals also struggle against pollution and overfishing. Scientists counted 25,000 at one haul-out site on the Durnev Islands in the northeast Caspian Sea in 2009.
Persons: CNN —, Sarsenbayev, , Javanmardi, Azamat, Vali Kaleji, Matthias Prange, ” Prange, Joy Singarayer, Muhammed Enes Yildirim, Hossein Beris, University of Tehran’s Kaleji, ” Singarayer, ” Wesslingh, It’s, Kazbek Basayev, Reuters It’s, Assel Baimukanova, Kaleji, Aziz Karimov, Ilham Aliyev Organizations: CNN, NASA, Central, Caucasian Studies, University of Tehran, University of Bremen, University of Reading, Getty, University of Tehran’s, Reuters, Institute of Hydrobiology, , Caspian, United Nations Locations: Aktau, Kazakhstan, Iranian, Rasht, Montana, Iran, Azerbaijan, Russia, Turkmenistan, Central Asia, Aral, Uzbekistan, Germany, Anadolu, Galugah, Mazandaran province, Makhachkala, Baku, COP29,
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