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Andrew Kelly | 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 lineWhen the numbers are this good, you've got to start with them. "Equities are eager to price in Trump's domestic growth policies," Barclays strategist Venu Krishna said in a note to clients. While the Trump rally has gotten off to a roaring good start, it remains to be seen when — and more importantly, how — it'll end.
Persons: Republican Donald Trump, Andrew Kelly, you've, Russell, Venu Krishna, Mislav Matejka, Neel Kashkari, Kashkari, — CNBC's Sean Conlon, Yun Li, Jesse Pound, Hakyung Kim Organizations: Republican, U.S, New York Stock Exchange, Reuters, CNBC, Dow Jones, Nasdaq, Trump, Barclays, JPMorgan, Minneapolis Locations: New York City, U.S
Timothy A. Clary | Afp | Getty ImagesThis 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 lineWhen the numbers are this good, you've got to start with them. "Equities are eager to price in Trump's domestic growth policies," Barclays strategist Venu Krishna said in a note to clients. While the Trump rally has gotten off to a roaring good start, it remains to be seen when — and more importantly, how — it'll end.
Persons: Walter Lundon, Donald Trump, Timothy A, Clary, you've, Russell, Venu Krishna, Mislav Matejka, Neel Kashkari, Kashkari, — CNBC's Sean Conlon, Yun Li, Jesse Pound, Hakyung Kim Organizations: New York Stock Exchange, Getty, CNBC, Dow Jones, Nasdaq, Trump, Barclays, JPMorgan, Minneapolis Locations: New York City
A screengrab from a video shows security cam footage of Davis Moturi prior to allegedly being shot by his neighbor John Sawchak, while Moturi was doing yard work at his home. John Sawchak Hennepin County Sheriff's OfficePolice were first dispatched to the home in October 2023 after Sawchak allegedly made threats involving “disparaging racial comments” at Moturi. Then, a week before the shooting, Sawchak allegedly stood outside the Moturis’ home with a firearm and pointed the gun at Davis through the window, according to prosecutors. On October 23, Sawchak allegedly shot Moturi in the neck from his second-floor window. Yet his arrest has done little to quell renewed tensions between the Minneapolis officers and the community they have sworn to protect and serve.
Persons: , holing, John Sawchak, Sawchak, Davis Moturi, John Miller, , ” Miller, George Floyd, ” Moturi, I’m, Brian O’Hara, Sawchuk, ” O’Hara, O’Hara, Minneapolis Mayor Jacob Frey’s, , Davis, Moturi, k3nyaf33lmeeee, Caroline Moturi, ” Davis Moturi, KARE, Sawchak “, Chuck Wexler, George Floyd Last, Wexler, ” Wexler, Philip Solomon, ” Solomon, Brian O'Hara, Minneapolis . Minneapolis Police Wexler, Moturi – Organizations: CNN, Minneapolis Police Department, Minneapolis Police, Minneapolis City, Minneapolis Mayor, John Sawchak Hennepin County Sheriff's, Police, Minneapolis, Research, , ’ Police, Center for Policing Equity, Minneapolis . Minneapolis Police Locations: Minneapolis, City, John Sawchak Hennepin County, Moturi, Davis, “ Minneapolis
A Minneapolis program might offer a solution to the housing shortage. A Kentucky sheriff is expected to be charged with murder in the fatal shooting of a district judge. One city’s secret to fixing housing: Build moreRoughly five years into a program in Minnesota aimed at adding to the housing supply, Minneapolis Mayor Jacob Frey says "the results speak pretty clearly for themselves." 🏡 The housing stock in Minneapolis grew 12%, compared to 4% statewide between 2017 and 2022, according to a Pew Research report. Minneapolis’ program offers potential solutions to address housing supply and affordability.
Persons: Trump, Harris, Jacob Frey, ected to Organizations: Minneapolis Locations: Minneapolis, Kentucky, Minnesota
The Economist Intelligence Unit Global Liveability Index ranked the best cities to live in the U.S. for 2024. For the third year in a row, Vienna, Austria, ranked as the world's best city to live. The Hawaii city landed in the top spot because of its high scores in education, infrastructure, and stability compared to other U.S. cities. The 10 best cities to live in the U.S.Honolulu, Hawaii Atlanta, Ga. Pittsburgh, Penn. 29 on the global list, ahead of other major U.S. cities like New York, L.A., and San Francisco.
Organizations: Economist Intelligence, Economist Intelligence Unit, Health, U.S, Los Angeles, Honolulu, Swiet, CNBC, U.S ., Wash . Washington D.C, Ill Locations: U.S, Vienna, Austria, America , New York, Los, Honolulu, Hawaii, America's, States, U.S . Honolulu, Hawaii Atlanta, Ga, Pittsburgh, Penn, Seattle, Wash . Washington, Chicago, Boston, Mass, Miami, Fla, San Francisco, Calif . Minneapolis, Minn, Atlanta , Georgia, New York
You'll need to earn around $25 per hour to live on your own in the United States' 25 largest cities. But in nearly half of the 25 largest cities, the living wage is double that of the local minimum wage. Having employer-sponsored health insurance certainly helps: It shaves roughly $2 off the hourly living wage in the 25 largest U.S. cities, according to EPI's estimates. BostonHourly wage to cover basic costs: $34.02Hourly minimum wage: $153. DetroitHourly wage to cover basic costs: $19.70Hourly minimum wage: $10.33Want to be a successful, confident communicator?
Organizations: San, Boston, ., Seattle, Denver, Orlando, Inland, Miami, Phoenix, Tampa, Dallas, Houston, CNBC Locations: United States, That's, San Francisco, Boston, San Antonio, Detroit, . New York, Diego, Washington, Los Angeles, Atlanta, Portland , Oregon, Inland Empire, California, Chicago, Philadelphia, Baltimore, Minneapolis, St, Antonio
A slew of big-box retailers have lowered prices on items in recent weeks, citing moderating inflation and frugal customers. Recent economic data has also suggested that inflation is cooling, after data earlier this year spurred fears that progress had stalled. Yet Americans don’t seem convinced that inflation is moderating or that the economy is as healthy as indicators suggest. Mortgage rates have declined in recent weeks but remain near 7%. Target announced plans to cut prices on thousands of consumer basics as inflation cuts into household budgets.
Persons: aren’t, Charles Schwab’s, , James Kostulias, Charles Schwab, Joe Raedle, Jerome Powell, Powell, Neel Kashkari, “ I’m, Schumer, Chuck Schumer, General Merrick Garland, , Elizabeth Warren, Amy Klobuchar, Bernie Sanders, Dick Durbin, Scott Sheffield, Read, Matt Egan, Mat Ishbia, homebuyers, refinances Organizations: CNN Business, Bell, New York CNN, Walmart, Target, Ikea, Aldi, CPI, “ Traders, Minneapolis Federal, CNBC, Democrats, Justice Department, Oil, Big Oil, DOJ, Big, Federal Trade Commission, United Wholesale Mortgage, Phoenix Suns NBA Locations: New York, Miami , Florida, Minneapolis, Texas, Sens
The documentary chronicles the rise and fall of the movie-ticket-subscription company MoviePass, and is based on award-winning reporting from Business Insider . The big storyRetirement mathGetty Images;Alyssa Powell/BIFor some millennials, the reality of their retirement plans is that they're a fantasy. AdvertisementIt's not the first time we've gotten troubling data about millennials' retirement plans. But it's not just a lack of savings working against millennials' plans of riding off into the retirement sunset. AdvertisementAnd if you're hoping for a Hail Mary in the form of a fat inheritance to jumpstart your retirement plans, that's not looking great either.
Persons: , MovieCrash, Alyssa Powell, Jacob Zinkula, William Edwards, we've, it's, millennials, Hail Mary, that's, Juliana Kaplan, It's, Johannes Simon, Neel Kashkari, Sam Altman, Justin Sullivan, Oliver Mulherin, Scarlett Johansson, Altman, Jensen Huang, Adam Neumann, Neumann, WeWork, Moviegoing, there's, BI's Peter Kafka, Sheryl Sandberg, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, HBO, Max, Business, Hail, Reserve Survey, Consumer, Wall, Minneapolis, UBS, Google, Nvidia, BI, Hollywood, HP Locations: Swiss, BI Denmark, New York, London
The Nasdaq finished at a record while the Dow tumbled. Nvidia soared but the broader market weakened amid a fresh spike in Treasury yields. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUS stocks finished mixed on Tuesday, with the Nasdaq at a record but the Dow Jones Industrial Average sliding more than 200 points. Weighing on shares during the session was a jump in Treasury yields as the latest auction was met with lukewarm demand.
Persons: Dow, , Neel Kashkari, Elon Musk Organizations: Nasdaq, Nvidia, Service, Dow Jones, Federal Reserve, Minneapolis
Gen Z is getting hit hard by inflation
  + stars: | 2024-05-12 | by ( Krystal Hur | ) edition.cnn.com   time to read: +8 min
For Gen Z, it was the Covid-19 pandemic. Why are we seeing that Gen Z is tapping into their credit more than their Millennial counterparts 10 years ago? Most Gen Z consumers are not homeowners. And so I think that’s been a big cause of what’s been driving a lot of that financial strain that Gen Z consumers have seen. The key is to not use the personal loans to pay off credit card debt and then run your credit card bills right back up after you do that.
Persons: TransUnion, Zers, Millennials, Gen Zers, Bell, Charlie Wise, we’ve, haven’t, You’re, Rishi Sunak, Hanna Ziady, Anna Cooban, Philip Jefferson, Loretta Mester, Jack, Neel Kashkari Organizations: CNN Business, Bell, New York CNN, Gross, Office, National Statistics, Bank of England, P, Federal, Cleveland Fed, Depot, US Labor Department, Cisco Systems, US Commerce Department, National Association of Home Builders, Index, Minneapolis, Walmart, Applied, Co, Baidu, Board Locations: New York, Kingdom, Wells Fargo
Invigorating growth is critical: When the economy expands, it improves standards of living, promotes innovation and makes households wealthier. Economic growth in Spain and France was stronger than expected last year. But the US is outperforming mainly for one key reason: Robust productivity growth. Productivity growth came in well below expectations in the first three months of the year, according to Labor Department data released last week. A “course correction” isn’t an even stronger US economy: Economic policymakers around the world need to address a range of key issues.
Persons: ” Kristalina Georgieva, ” Georgieva, ” Stephen Gallagher, Gallagher, , , Hande Atay Alam, Recep Tayyip Erdogan, Israel Katz, John Williams, Neel Kashkari, Lisa Cook, Krispy Kreme, John’s, Austan Goolsbee Organizations: Washington CNN, Monetary, IMF, European Central Bank, Labor Department, Societe Generale, CNN, Reuters, Palantir Technologies, Tyson Foods, Marriott Worldwide, New York Fed, Disney, UBS, Duke Energy, Suncor, Bros, Minneapolis, Toyota, Uber, Anheuser, Busch InBev, Airbnb, Fox Corporation, News Corporation, Duolingo, Icahn Enterprises, New York Times Company, AMC Entertainment, Honda, Warner Bros Discovery, Warner Music Group, Hyatt, Hilton, Bank of England, US Labor Department, United Kingdom’s, National Statistics, University of Michigan, . Chicago Fed, China’s National Bureau of Statistics Locations: Europe, China, United States, Spain, France, Russia, Ukraine, Turkey, Israel, Gaza, Olesya, “ Turkey, Lyft, TripAdvisor
Washington CNN —The Federal Reserve is expected to announce Wednesday that it is keeping interest rates at a quarter-century high for the sixth-straight meeting. Other Fed officials have already introduced the possibility of a rate hike, in addition to the chance of no rate cuts this year. Williams later said that another rate hike is possible if economic data warrants it. That combination eerily resembled stagflation, which triggered a broad stocks selloff on Wall Street Thursday. The threshold for a rate hike is ‘extremely high’Another interest rate hike is back in the conversation, but at the moment, it’s still not likely the Fed will do that.
Persons: Jerome Powell, ” Powell, Powell, John Williams, Williams, Neel Kashkari, Austan Goolsbee, , can’t, it’s, Goldman Sachs, Wall, ” Oren Klachkin Organizations: Washington CNN, Federal, Index, New York Fed, Bloomberg, Minneapolis, Chicago Fed, Commerce Department, JPMorgan, Bank of America, Nationwide, CNN Locations: New, Chicago, Wells Fargo
CNN —US home prices rose at the fastest clip in months to a fresh record high in January, according to data released Tuesday, highlighting how a housing shortage combined with high mortgage rates continues to limit affordability. The S&P CoreLogic Case-Shiller US National Home Price index rose 6% in January from a year before, accelerating from a 5.6% annual increase in December. “On a seasonal adjusted basis, home prices have continued to break through previous all-time highs set last year,” he noted. On a month-over-month basis, prices rose 0.4% on a seasonally adjusted basis. Minneapolis home prices have declined 2.4% during the three months ended in January, according to the report.
Persons: , Brian Luke, Dow, Freddie Mac Organizations: CNN, , San Diego, Dow Jones, Minneapolis Locations: San Diego , Los Angeles, Washington
ST. PAUL, Minn. (AP) — For the eighth straight month in January, Earth was record hot, according to the European climate agency. Even though it was record hot in January, the level above normal was lower than the previous six months, according to Copernicus data. This is the time of year that El Nino warming often peaks, said Texas A&M University climate scientist Andrew Dessler. Minneapolis has already set a record for the number of 50-degree days for a winter. “For maple trees to run, it needs to be freezing at night, above freezing during the day.
Persons: Copernicus, Andrew Dessler, ” Dessler, that's, Natalie Mahowald, , Kathie Dello, floes, , Greg McKush, ” McKush, Theresa Baroun, ” Baroun, Ed White, Rick Callahan, Seth Borenstein, Steve Karnowski, @skarnowski Organizations: PAUL, European Space Agency, Nino, El Nino, Cornell University, United, North Carolina State, Minnesota, Montgomery National Golf Club, , Syrup Producers Association, Isle Royal, Metropolitan Mosquito Control, Associated Press Locations: United States, Minneapolis, Texas, United Nations, Paris, North Carolina, Minnesota, Harriet, ” In Wisconsin, U.S, Wisconsin, De Pere , Wisconsin, Green Bay, Lake Superior, Michigan , Minnesota, Canada, St, Paul , Minnesota, Borenstein, Kensington , Maryland, Detroit, Indianapolis, AP.org
Mark Zaleski/The Tennessean/USA Today Network Snow falls on parked cars in Concord, New Hampshire, on January 16. Monday's caucuses were the coldest ever , with high temperatures below zero across much of the state. Dan Powers/USA Today Network Firefighters rescue a man after his car was stuck in a flooded area in Charlotte, North Carolina, on January 9. Gregg Pachkowski/USA Today Network Snow covers the trees around the Holy Hill Basilica and National Shrine of Mary in Hubertus, Wisconsin, on January 9. Tariq Zehawi/NorthJersey.com/USA Today Network Flooding is seen at an intersection in Spartanburg, South Carolina, on January 9.
Persons: Nature, Nikki Haley, Deb Cram, Andrew Kelly, Mark Zaleski, Snow, Will Lanzoni, Rogelio V . Solis, Amanda Andrade, Rhoades, Reuters Isaac Hammond, Geoff Stellfox, Brandon Bell, Christian Monterrosa, Daniel Cole, Dan Busey, Crews, RJ Sangosti, Jeffrey T, Barnes, Chip Somodevilla, Barbara J, Al Drago, Gary Hershorn, Brendan McDermid, Joseph Prezioso, Jim Vondruska, Andrew Harnik, Eric Seals, Rebecca Zimmerman, Antonio Perez, Zuma Snow, Erin Hooley, Drake, Sam Wolfe, Bryan Woolston, Kelly, Jo St, Aubin, Dan Powers, Peter Zay, Floyd Bennett Field, Spencer Platt, Scott Olson, County Sheriff Tommy Ford, Jaide Garcia, CNN Linda Cox, Gregg Pachkowski, of Mary, Mike De Sisti, Joe Raedle, Michael Gordon, Michael Gordon Workers Brian Henderson, Phil Murphy, Tariq Zehawi, Alex Hicks Jr Organizations: CNN, Omni Mount Washington, USA, Reuters, Mississippi State Capitol, Reuters Isaac Hammond braves, Austin, Bergstrom International Airport, Iowa State Capitol, Getty, Denver International Airport, MediaNews, Denver Post, NFL, Buffalo Bills, Pittsburgh Steelers, AP, Columbus Dispatch, Bloomberg, Corbis, Reuters Storm, AP Vehicles, Chicago Tribune, TNS, Storm Bros, Network Firefighters, County Sheriff, National, of, Milwaukee Journal, People, Michael, Michael Gordon Workers, New, New Jersey Gov, Spartanburg Herald, Chicago, Minneapolis Locations: Bretton Woods , New Hampshire, New, New York, Philadelphia, Baltimore, Washington, Nashville , Tennessee, Concord , New Hampshire, Jackson, Wheeling , Illinois, Washington ,, Malcolm , Iowa, Austin , Texas, Des Moines, AFP, Florence , Alabama, Orchard Park , New York, Williamsburg , Iowa, Worthington , Ohio, Atlantic , Iowa, Hudson, Jersey City , New Jersey, Winthrop , Massachusetts, Ankeny , Iowa, Iowa, Northwestern, Farmington Hills , Michigan, Oak Park , Illinois, Chicago, Bamberg , South Carolina, Annapolis , Maryland, Kaukauna , Wisconsin, Charlotte , North Carolina, Anadolu, Brooklyn , New York, Iowa City , Iowa, Panama City Beach , Florida, Florida's Bay County, County, Myrtle Grove , Florida, Hubertus , Wisconsin, Bay County , Florida, Florida , Alabama, Georgia, Totowa , New Jersey, New Jersey, Spartanburg , South Carolina, Canada, Midwest, Des Moines , Iowa, Minneapolis, Indianapolis, Cleveland, New York City
An oil pumpjack pulls oil from the Permian Basin oil field in Odessa, Texas, on March 14, 2022. U.S. crude prices on Tuesday fell below $78 a barrel to hit the lowest point since July as weak global economic data overshadowed concerns that the Israel-Hamas war could erupt into a broader regional conflict. Beijing's crude oil imports rose by volume and value in October, but the country's overall exports fell more than expected, indicating slowing global demand. The data out of China offset the effect of Saudi Arabia's and Russia's oil output cuts, which lifted oil prices earlier in the week. Oil prices had spiked in the week following Hamas' devastating terrorist attacks on Israel on concerns that the war could escalate into a broader regional conflict that disrupts oil supply.
Persons: Brent, Neel Kashkari, Kashkari, — CNBC's Evelyn Cheng Organizations: West Texas, Minneapolis Federal, Bloomberg Television, CNBC PRO Locations: Odessa , Texas, Israel, China, Minneapolis, U.S, Saudi, Riyadh, Moscow
After 11 interest rate hikes, Federal Reserve officials appear divided on next steps. Jerome Powell and other central bankers have signaled another rate hike could be on the table. Since the Federal Open Market Committee's September meeting, several central bankers have signaled that interest rates could still go higher. Atlanta Fed President, Raphael Bostic, October 20: "I really do try to keep people focused on what inflation is, still at 3.7%. Federal Reserve chairman, Jerome Powell, October 19: "Financial conditions have tightened significantly in recent months, and longer-term bond yields have been an important driving factor in this tightening.
Persons: Jerome Powell, , CME's, Patrick Harker, Raphael Bostic, Neel Kashkari, Lorie Logan, Christopher Waller, Susan Collins Organizations: Federal Reserve, Service, Federal, Market, Philadelphia Fed, Atlanta Fed, Minneapolis Fed, Dallas Fed, Governors, Boston Fed
Maps of the 2023 ‘Ring of Fire’ Solar EclipseOn Saturday, Oct. 14, an annular or “ring of fire” solar eclipse will sweep across much of the Western Hemisphere. Viewers outside the path of annularity will see the crescent sun of a partial solar eclipse. The map below shows the path of the eclipse, and the approximate local time when the ring of fire will be visible. NEV. CALIF. Ely Los Angeles Las Vegas Salt Lake City San Diego WYO. Corpus Christi MEXICO 12:00 p.m. MISS.
Persons: Eugene MINN, Louis KAN, Butte Eugene, Ely San Francisco Columbus, Charlotte N.C, Casper, KAN, Torreón, Torreón San Antonio Austin, Eugene Medford, Central Time TEXAS Dallas Torreón, Central Time TEXAS Dallas Torreón San Antonio Austin Organizations: Central, Central America, Viewers, Edmonton BRITISH COLUMBIA SASKATCHEWAN ALBERTA Vancouver, Regina, Seattle Winnipeg Shadow, Ottawa VT, Toronto Medford Boston, Minneapolis S.D ., New York Chicago Des Moines Philadelphia, Reno Salt Lake City NEB . Sacramento OHIO Omaha N.J, Ely, Ely UTAH Columbus San, Indianapolis NEV, Ocean, Fresno COLO, Richmond Louisville St, Las Vegas, Alamos, Flagstaff Santa Fe Los Angeles TENN ., Memphis Albuquerque Columbia, OKLA, San Diego Little Rock, Atlanta Birmingham N.M, Lubbock MISS, Tucson Las, Dallas Jackson ALA, El, El Paso Midland, Odessa, Central Time, Houston New, Tampa Beeville, Corpus Christi, Tampico, Mérida, Mérida Guadalajara JAMAICA, Mexico City Toluca, Puebla Chetumal, Tegucigalpa Guatemala, SALVADOR, NICARAGUA PANAMA, Time, Time Panama City, Edmonton, Edmonton BRITISH COLUMBIA ALBERTA Vancouver SASKATCHEWAN, Calgary MANITOBA Regina QUEBEC ONTARIO Seattle Winnipeg Shadow, Spokane Missoula Portland MAINE Montreal, Boise Toronto, S.D . Minneapolis, S.D . Minneapolis Rapid City N.Y . IDAHO Buffalo, New York Chicago Philadelphia Des Moines Reno, Ely San, Ely San Francisco Columbus UTAH, Time Fresno Richmond Louisville St, Vegas CALIF, Los Alamos Nashville, Santa Fe Los Angeles TENN ., Phoenix San Diego Little Rock, Lubbock Tucson Birmingham, MISS, Dallas Midland Jackson ALA, Time Austin, Time Austin Hermosillo New, Antonio, Tampa, Corpus Christi Miami, Mexico City, Managua Pacific, Pacific Time, Pacific Time BRITISH COLUMBIA Vancouver Seattle Portland, Spokane Medford, Calgary San, Calgary San Francisco Sacramento Missoula, Ely Los Angeles Las, Flagstaff, S.D, Denver, Colorado Springs, Colorado Springs Tucson Pueblo, Colorado Springs Tucson Pueblo Los Alamos Albuquerque NEB, Wichita Kansas City Midland Oklahoma City Odessa, Central Time TEXAS, ARK, Torreón San Antonio Austin Little, Laredo Monterrey, Houston, Christi, Jackson León, New, New Orleans Tampico Mexico City, Tampa Campeche Mérida, Miami Cancún, Havana, SALVADOR Tegucigalpa, Eugene Medford Spokane, San Francisco Sacramento Reno, MONT . IDAHO Fresno, Flagstaff Durango Phoenix Denver, Tucson Pueblo, Midland Oklahoma City Odessa, Central Time TEXAS Dallas, Central Time TEXAS Dallas Torreón San, Laredo Monterrey Beeville Houston, Tampico Mexico City, Campeche Mérida, COSTA RICA, Pacific, San Francisco Sacramento Reno Boise CALIF ., San Francisco Sacramento Reno Boise CALIF . IDAHO Fresno, Portland Toronto, Chicago Denver New, Francisco UNITED STATES, Los Angeles Dallas Atlanta, Austin Houston San, Gulf of Mexico Miami, MEXICO Havana, COLOMBIA Bogotá, Natal Cali, Manaus, Salvador, Portland, Denver New, Angeles Phoenix Atlanta Dallas, Time San, Gulf of Mexico Miami MEXICO Havana, Bogotá Natal, Cali Recife, Manaus Quito, ECUADOR Salvador Pacific Ocean BRAZIL PERU Brasília, Pacific Time Chicago Denver, New York, CANADA, STATES, NASA, Goddard, University of Arizona, NOAA Locations: Oregon, Texas, of Mexico, Central, Calgary, Regina MANITOBA ONTARIO QUEBEC, Seattle, Pacific Time Spokane Missoula N.D . MAINE Portland MONT, Bismarck Butte, Eugene, Ottawa, Boise, Minneapolis S.D, Minneapolis S.D . IDAHO Rapid City N.Y, Buffalo CONN . Milwaukee WYO, Casper Detroit IOWA, New York Chicago, Reno Salt Lake City NEB . Sacramento OHIO, Ely UTAH, Ely UTAH Columbus San Francisco, Denver, Ocean Kansas, Richmond, Louis KAN . VA, CALIF . KY, Las, Las Vegas Durango Wichita, N.C, Flagstaff Santa Fe Los Angeles, Flagstaff Santa Fe Los Angeles TENN . Oklahoma, Memphis, San, Lubbock, Tucson Las Cruces, El Paso, El Paso Midland LA, Odessa San Angelo, Houston New Orleans San Antonio Chihuahua, Tampa Beeville FLA, Corpus, Corpus Christi Laredo, Miami Gulf, Mexico Monterrey, Havana MEXICO CUBA, Mérida Guadalajara, Campeche, Mexico, Puebla, BELIZE HONDURAS, GUATEMALA, Ocean Managua, NICARAGUA, NICARAGUA PANAMA COSTA RICA, Time Panama, Time Panama City San, Edmonton BRITISH, Spokane Missoula Portland MAINE, Spokane Missoula Portland MAINE Montreal MONT, N.D, Bismarck, Butte, Butte Eugene MINN, Boise Toronto Boston Medford, S.D, S.D . Minneapolis Rapid City N.Y, S.D . Minneapolis Rapid City N.Y . IDAHO Buffalo CONN . Milwaukee WYO, Salt Lake City NEB . OHIO, Omaha, Ely San Francisco, W.VA . Kansas, Time, Vegas, Durango KY, Wichita, Los, Santa Fe Los Angeles, Santa Fe Los Angeles TENN . Oklahoma, Flagstaff ARK, Phoenix, Atlanta, TEXAS, El Paso LA, Time Austin Hermosillo, Time Austin Hermosillo New Orleans Houston Chihuahua, Tampa FLA, Gulf of Mexico Monterrey, JAMAICA Guadalajara, Mexico City Campeche, BELIZE, HONDURAS, Tegucigalpa, Managua, NICARAGUA PANAMA, COSTA RICA, Pacific Time BRITISH, Pacific Time BRITISH COLUMBIA Vancouver Seattle Portland Eugene, Spokane, Calgary San Francisco Sacramento, Calgary San Francisco Sacramento Missoula Reno Boise IDAHO Butte Fresno, NEV . CALIF, Ely Los Angeles, Ely Los Angeles Las Vegas Salt Lake City San Diego WYO . UTAH, Rapid, Flagstaff Durango, COLO, Colorado Springs Tucson, Colorado Springs Tucson Pueblo Los Alamos, Santa Fe N.M, Hermosillo Las Cruces Omaha, El Paso Chihuahua Lubbock, Wichita Kansas City Midland Oklahoma City Odessa San Angelo, Torreón San, Houston MEXICO, New Orleans Tampico Mexico, New Orleans Tampico Mexico City Puebla, FLA, Miami, Havana GUATEMALA, CUBA, HONDURAS Managua, JAMAICA COSTA RICA, Panama, PANAMA, COLOMBIA, Pacific, Pacific Time Seattle Portland, San Francisco, San Francisco Sacramento Reno Boise, MONT . IDAHO, Ely Los Angeles Las Vegas Salt, WYO . UTAH, Flagstaff Durango Phoenix, Tucson Pueblo Los Alamos Albuquerque Santa Fe, Las Cruces, Midland Oklahoma City Odessa OKLA, Angelo, Central Time TEXAS Dallas Torreón San Antonio, Laredo Monterrey Beeville, Corpus Christi MEXICO, Tampico Mexico, GUATEMALA BELIZE, COSTA, San Francisco Sacramento Reno Boise CALIF, San Francisco Sacramento Reno Boise CALIF . IDAHO, Tampico, South America, Brazil, Chicago Denver New York, Francisco, Austin Houston San Antonio, Gulf of Mexico, MEXICO, JAMAICA BELIZE, HONDURAS GUATEMALA, PANAMA COSTA RICA, VENEZUELA, Recife, Manaus Quito, ECUADOR, Ocean PERU, Rio de Janeiro BOLIVIA, Toronto, Denver New York, Time San Antonio, Gulf of Mexico Miami MEXICO, Mexico City BELIZE JAMAICA, ECUADOR Salvador Pacific Ocean BRAZIL PERU, Havana, Mexico City BELIZE, PANAMA COSTA RICA VENEZUELA, Cali, Natal, Salvador BRAZIL, Mexico MEXICO, Time COLOMBIA BRAZIL, United States, New York City
Oct 11 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. But Atlanta Fed President Raphael Bostic's remarks, that he believes the Fed has finished raising rates, will help Asian markets pick up on Wednesday from where global markets left off on Tuesday. "I actually don't think we need to increase rates anymore," said Bostic, following the dovish path set by two Fed colleagues on Monday. Minneapolis Fed President Neel Kashkari on Tuesday also struck a similar tone, leading investors to think that the Fed 'pivot' is underway. All else equal this should lower the dollar and U.S. yields, boost risk appetite, and lift Asian and emerging markets.
Persons: Jamie McGeever, Raphael Bostic's, Neel Kashkari, Pierre, Olivier Gourinchas, Fed's Bowman, Waller, Collins, Josie Kao Organizations: Federal Reserve, Investors, IMF, World Bank, Atlanta Fed, Fed, . Minneapolis, Monetary Fund, Hang, Bank, Thomson, Reuters Locations: Morocco, Israel, Gaza, Marrakech, Bostic, Japan
"It's not going to be a matter of struggling to get the inflation rate higher. While higher interest rates are good news for savers, businesses and consumers have become used to paying nothing for money over the past 15 years. Reuters GraphicsREADING YIELDSA market-based Fed model that breaks down the 10-year Treasury yield into its components provides further insight into investors' thinking. This rise in term premium, which spent much of the last decade below zero, reflects high levels of uncertainty about economic outlook and monetary policy, investors said. While the market appears to be confident in its belief in the end of the era of zero interest rates, it is far less so about the economy's actual likely path.
Persons: Sarah Silbiger, Greg Whiteley, It's, Neel Kashkari, Kashkari, Adrian, Crump, Emanuel Moench, John Velis, Leslie Falconio, BNY's Velis, Velis, Paritosh Bansal, Anna Driver 私 Organizations: Eccles Federal Reserve, Washington , D.C, REUTERS, Treasury, Federal Reserve, York Fed, Minneapolis, Moench, Frankfurt School of Finance, Management, Americas, BNY Mellon, UBS Global Wealth Management, San, San Francisco Fed Locations: Washington ,, U.S, DoubleLine, San Francisco
Stocks are up modestly in early trading Wednesday, but the usual signals of volume spikes and higher volatility are still not present. Yet here we are, with the 10-year at 4.55% yesterday and looking like it wants to get to 5.0% fast. Total equity volume yesterday was 10.4 billion shares, well below the September 2022 average of 11.4 billion, and 3% below the average level even for August, a vacation month. Modest volumes, relatively low volatility with prices down notably means there is no selling panic, but there is a buyer's strike in stocks. They need to see rates come down before they have confidence to buy stocks again."
Persons: Chris Verrone, Morgan, Jamie Dimon didn't, Verrone, You'd, Mike O'Rourke, Neel Kashkari, Here's, I've, Alec Young Organizations: UAW, Jones Trading Locations: China, Minneapolis
Morning Bid: Markets catch breath after bruising recoil
  + stars: | 2023-09-27 | by ( ) www.reuters.com   time to read: +5 min
China's markets will also be disrupted by Golden Week holidays next week. Ten-year Treasury yields hit another 16-year high at 4.56% on Tuesday before dialling back a bit on Wednesday, with 10-year real yields hitting 14-year peaks at 2.24%. Risk spreads in junk bond and overseas sovereign bond markets are also creeping higher again, with exchange-traded U.S. junk bond funds hitting their lowest since May and Italy's government bond yield premium over Germany widening too. Worrying for many investors this week has been how bond yields have climbed despite weaker economic signals and how stock and bond losses are correlating again. World markets were more mixed, with China's bourses managing some gains ahead of the big holiday week.
Persons: Mike Dolan, Goldman Sachs, Jerome Powell's, Neel Kashkari, shakeout, Shorter, China's bourses, Michelle Bowman, Jane Merriman Organizations: Federal Reserve, Minneapolis Fed, Golden, Nasdaq, Big Tech, U.S . Federal Trade Commission, Costco, China Evergrande, HK, United, Treasury, Micron, Paychex Reuters Graphics Reuters, Reuters, Thomson Locations: U.S, Washington, Germany, United States
CNBC Daily Open: Is tech the gift that keeps on giving?
  + stars: | 2023-09-27 | by ( Clement Tan | ) www.cnbc.com   time to read: +3 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. "I am not sure if the world is prepared for 7%," he told The Times of India in an interview. Leaders from the Writers Guild of America voted unanimously to end the strike on Wednesday. Under the agreement, AI cannot write or rewrite literary material and AI-generated material will not be considered source material.
Persons: Korea's Kospi, Jamie Dimon, Neel Kashkari, It's, Kamil Dimmich Organizations: CNBC, Nikkei, Dow Jones, JPMorgan Chase, Minneapolis Federal, Fed, Hollywood, Writers Guild of America, Writers, International Monetary Fund Locations: Asia, China, U.S, India, Hong Kong, Guyana, South America, it's
CNN —Labor Day weekend may mark the unofficial end to summer for many, but Mother Nature didn’t get the memo this year. July-like heat sends temperatures skyrocketingTemperatures 10 to 20 degrees above normal levels for September could break or tie close dozens of records as heat builds over Labor Day weekend and into Tuesday. By Sunday, sweltering heat will expand across much of the Great Lakes, Ohio Valley and even portions of the mid-Atlantic. On Labor Day Monday, conditions will feel more like July across nearly two-thirds of the US. Places like Los Angeles and San Francisco may have the best weather in the country for Labor Day weekend.
Persons: Nature didn’t, Idalia Organizations: CNN, Labor, Miami, Orlando, National Weather Service, Hurricane Franklin, Southwest, Rockies, Weather, Idaho and Locations: United States, Upper, Omaha , Nebraska, Sioux Falls , South Dakota, Lakes, Ohio Valley, Atlantic . Minneapolis, Philadelphia, East Coast, Chicago , Washington, New York City, Gulf Coast, Texas, Florida, Houston , New Orleans, Tampa, Alabama, South Carolina, New Jersey, New York, Arizona , Nevada, Utah, Idaho, Idaho and Wyoming, Northwest, California, Seattle, Portland, Portland –, Los Angeles, San Francisco
Learn moreIf you're looking for help on where to buy Metallica tickets for their ongoing M72 World Tour, we have you covered. Metallica's M72 World Tour kicked off on April 27 in Amsterdam. Metallica 2023/2024 tour scheduleThere are still seven more concert dates across five cities in the U.S. for the second leg of Metallica's tour. Since Metallica's M72 World Tour primarily consists of two shows at each location, you can also get deals for two-day passes cheaper than buying separate tickets for those dates. Metallica's M72 World Tour features various opening acts across multiple dates.
Persons: James Hetfield, Lars Ulrich, Kirk Hammett, Robert Trujillo, Foxborough, Greta Van Organizations: Metallica, IL, Ticketmaster, Mammoth, Nine, Architects Locations: Amsterdam, Europe, North America, East Rutherford , New Jersey, StubHub, U.S, Detroit, Germany, Glendale, AZ, Indio, CA, Louis, St, MI, Detroit ,, Munich, Helsinki, Finland, Copenhagen, Denmark, Warsaw, Poland, Madrid, Spain, Foxborough, Chicago, Chicago ,, Minneapolis, Minneapolis ,, Edmonton, Canada, Seattle, WA, Seattle , WA, Mexico City, Mexico, Louis , Missouri, Michigan, Seattle , Washington, Detroit , MI, MN
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