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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe market gave the Fed 'permission' to cut 50 basis points this time, says Roger FergusonFormer Federal Reserve Vice Chairman Roger Ferguson joins 'Squawk Box' to discuss the Fed's interest rate decision, what was behind the central bank's decision to cut rates by 50 basis points, key takeaways from Fed Chair Powell's commentary, and more.
Persons: Roger Ferguson Organizations: Roger Ferguson Former Federal
Making the Case for the Fed: Two Experts Weigh In
  + stars: | 2024-09-18 | 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 EmailMaking the Case for the Fed: Two Experts Weigh InRoger Ferguson, Former Federal Reserve Vice Chairman and Rachel Siegel, Washington Post Business Reporter, discuss the upcoming Fed rate decision, debating whether the cut will be 25 or 50 basis points.
Persons: Roger Ferguson, Rachel Siegel Organizations: Federal, Washington, Business
(This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers. Traders and investors are debating if the Federal Reserve will cut 25 basis points or 50 basis points when the decision comes at 2pm eastern time. "25 or 50 (basis points), we see a credible case for either. "The Fed is likely to adjust policy by 200 to 250 basis points over the coming year. Garewal also said this rate cut was part of a "normalization" cycle and shared research that yields on the 2-year fall 65 basis points on average after a first Fed cut.
Persons: Jerome Powell, Mark Smith, Wells, stagflation, Smith, Craig Johnson, Piper Sandler, Russell, Johnson, Goldman Sachs, Garewal, Piper Sandler's Johnson, Huntington, Kevin Murphy Organizations: PRO, Worldwide, Traders, Federal Reserve, Advisors, Worldwide Exchange, Blackstone, Mastercard, Visa, Ameris Bancorp, Fed, Ferguson Enterprises
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFerguson CEO says data center demand is taking the place of traditional commercial workFerguson CEO Kevin Murphy talks to Worldwide Exchange's Frank Holland about the latest earnings report, customer outlook and the impact of rate cuts on business
Persons: Ferguson, Kevin Murphy, Exchange's Frank Holland
Lawyers for Washington state will have past grocery chain mergers – and their negative consequences – in mind when they go to court to block a proposed merger between Albertsons and Kroger. Albertsons and Kroger own more than 300 grocery stores in the state and control more than half of grocery sales there. They are trying to get the case dismissed, arguing a state court isn’t the proper venue to consider a nationwide ban. Albertsons and Kroger insist that their plan, including the sale of stores to C&S, will lower grocery prices and preserve competition. In 2016, Albertsons acquired a Haggen supermarket and then promptly closed an Albertsons store about a mile away in Birchwood.
Persons: general's, Haggen, , Tina McKim, Bob Ferguson, Kroger, Brad Weber, Locke, Judge Marshall Ferguson, Ferguson, Weber, McKim, ” McKim, , She’s Organizations: Albertsons, Kroger, Federal Trade Commission, S Wholesale Grocers, Safeway, Fighters, Democrat, King County Superior Court, Walmart, Costco, U.S, FTC, Associated Press Locations: Washington, Oregon, Colorado, Bellingham , Washington, Washington —, Bellingham's Birchwood, King County, Seattle , Washington, Dallas, Birchwood
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI would vote for a 25 basis point rate cut this week, says Roger FergusonFormer Federal Reserve Vice Chairman Roger Ferguson joins 'Squawk Box' to discuss the Fed's interest rate announcement this week, whether to expect a 25 or 50 basis point cut, state of the economy, and more.
Persons: Roger Ferguson Organizations: Roger Ferguson Former Federal
Because of her disability, Rachel doesn’t work. The SNT is in place to pay for unmet needs and enhance his quality of life after his parents die. Unlike SNTs, ABLE accounts can be owned and accessed directly by the person with the disability. However, like first-party SNTs, ABLE accounts may be subject to Medicaid payback after the individual with a disability dies. Like her mother, Rachel Tung has a love for San Francisco, its arts and its culture.
Persons: Linda Tung, Rachel, Tung, Tung’s, Rachel doesn’t, we’re, ” Tung, , David Goldfarb, ” Goldfarb, they’re, , Stephen Dale, Amin Muhammad Amy Tessler, Scott, ” Tessler, Tessler, ” Dale, You’re, Goldfarb, ” Hall, Dale, Sabrina Padillo, , Padillo, she’s, ” Padillo, fiduciaries, “ We’re, Tesslers, Scott ., SNTs, “ I’ve, Alisa Ferguson, Virginia’s, haven’t, ” Ferguson, Rachel’s, Rachel Tung, “ She’s, Amin Muhammad Mother, “ I’m, ” Rachel, … Everything’s, Hannah Frances Johansson, Amin Muhammad Organizations: Berkeley , California CNN, Population, Mercy, Hall Law Firm, Lawyers, Dale Law, Children, Housing, The Dale Law Firm, Services, San, Rehabilitation Care, Golden State, Trust, Alliance, Legion, de, Academy of Sciences, University of California, Graduate School of Journalism Locations: Berkeley , California, San, Golden, , San Francisco, Dale, Pacheco , California, Sunflower, California’s East Bay, Oakland, Sunflower Hill, San Diego, Thailand, Berkeley, Santa Cruz, de Young, Castro
CNN —If Manchester United is broken, then Cristiano Ronaldo thinks that he has the keys to fix it. “The coaches, they say they cannot compete to win the league and the Champions League,” he said. “If you’re a Manchester United coach, you cannot say that, that you’re not going to fight to win the league or the Champions League. Erik ten Hag is in his third season managing Manchester United. Now playing for Al-Nassr in Saudi Arabia, Ronaldo said that he still loves United and wants to see the club succeed.
Persons: Cristiano Ronaldo, Rio Ferdinand, Ronaldo, Erik, Hag, , , you’re, ” United, Sir Alex Ferguson, United, Michael Regan, Piers Morgan, TalkTV, Molly Darlington, Ferdinand, Ruud van Nistelrooy, ” Ronaldo Organizations: CNN, Manchester, United, Champions League, Manchester United, , Premier League, League, Manchester City, Liverpool, Fulham, Brighton, Europa League, Tottenham Hotspur, Red Devils, Al, Portugal, Croatia, Scotland Locations: Portuguese, Manchester, Liverpool, , Saudi Arabia, Real Madrid
Stagecoach Group, a UK-based travel company, first launched Megabus in the UK in 2003 and then brought it to the US in 2006. Along with Greyhound, Megabus became one of the two mega-carriers in the United States. The intercity bus industry is not in complete disarray, but things are not going great there. Bus industry insiders also note that they're often treated as an afterthought by policymakers even though they carry tens of millions of people each year. He emphasized that bus travel can be environmentally sustainable, too, compared to everyone driving their own cars or flying.
Persons: Megabus, Andrew Savikas, Peter Pan, John Stepovy, FlixBus, Joseph Schwieterman, Schwieterman, hadn't, Scott Michael, it's, Michael, Kai Boysan, BoltBus, Fred Ferguson, who's, Ferguson, It's, They've, They're, I'd, Wanderu, Stepovy, Emily Stewart Organizations: Coach USA, Equity, USA, Stagecoach Group, Greyhound, North America, DePaul University, Stagecoach, Fullington Trailways, US, United Motorcoach Association, FlixMobility, Flix, American Bus Association, Lake Holdings, Alden Global Capital, Atlantic City, Day, Labor, Business Locations: Los Angeles, Chinatown, Busbud, United States, Asia, Flix North America, Wanderu, Philadelphia, Dallas, Chicago, Cleveland, Boston, New York, FlixBus
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed Chair Powell is 'a bit more definitive' on rate cuts than I'd imagined, says Roger FergusonRoger Ferguson, former Fed vice chair and former TIAA CEO, joins 'Squawk on the Street' to discuss Fed Chair Powell's speech at Jackson Hole, what to expect from the Federal Reserve in upcoming meetings, and where lower rates would impact the economy first.
Persons: Powell, Roger Ferguson Roger Ferguson, Jackson Organizations: Federal Reserve
Tim Walz defends his military record. Walz defends his military recordDemocratic vice presidential nominee Tim Walz defended his military record during his first solo event on the campaign trail. Vance asserted Walz misrepresented his military record; Walz said he misspoke. Ernesto expected to strengthen into a hurricaneTropical Storm Ernesto on Aug. 13, 2024. Staff Pick: Laci Peterson case back in the spotlightLaci Peterson and Scott Peterson in an undated photo.
Persons: Tim Walz, Walz, , Sen, JD Vance, Vance, Donald Trump, Joe Biden, nudging Trump, Chuck Todd, Kamala Harris, Ernesto, Ilhan Omar, Minnesota, Eric Hovde, Democratic Sen, Tammy Baldwin, Laci Peterson, Scott Peterson, Peterson, — Chelsea Stahl, Benjamin Netanyahu, Elvis Presley’s, Elizabeth Robinson Organizations: Labor Statistics, Federal Reserve, Democratic, Minnesota, NBC, Trump, GOP, NOAA, Getty Images Schools, NHC, U.S ., Wisconsin Republican, Senate, Modesto Police Department, Pictures, Israeli, Police Locations: Los Angeles, Ohio, Denver, Boston, Michigan, Asheville , North Carolina, Puerto Rico, Caribbean, British Virgin Islands, U.S . Virgin Islands , Puerto Rico, Vieques, Culebra, California, U.S, Ferguson , Missouri, Tennessee
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFerguson: We're definitely in a place to cut interest rates and should do soRoger Ferguson, former Fed vice chairman and past president of TIAA, discusses the inflation picture, and what Fed chairman Jay Powell may say when he speaks at the Jackson Hole symposium next week.
Persons: Ferguson, We're, Roger Ferguson, TIAA, Jay Powell
Police in Ferguson, Missouri, on Tuesday released body camera and security videos of a man shown charging at a police officer and knocking him to the pavement, where he hit his head and was critically injured. Officer Brown suffered a severe head injury after he was knocked to the ground, police said. A still from security video shows a protester charging toward Officer Travis Brown in Ferguson, Mo. At an earlier news conference after the officer was injured, Doyle said the community has treated Ferguson police as a “punching bag” since 2014. Doyle said Travis Brown is the type of officer Ferguson needs.
Persons: Michael Brown, Troy Doyle, Elijah Gantt, Travis Brown, Brown, Gantt, Mo, Darren Wilson, ” Doyle, Doyle, Ferguson, Michael Brown’s, , ” Gantt, Wesley Bell, Bell Organizations: Police, Ferguson MO, Department, YouTube Protesters Locations: Ferguson , Missouri, East St, Louis , Illinois, Ferguson, Louis
Deere (DE) , headquartered in Moline, Illinois, manufactures agricultural machinery, heavy equipment, forestry machinery, diesel engines, and related components. One of the oldest companies in the United States, Deere traces its history back to John Deere's "self-scouring plow" in 1837. However, even assuming 50 bushels per acre and a $5/bushel average price increase, the revenue per acre would have risen by ~$250/acre. However, while Deere & Company stock has underperformed the S & P this year, its enterprise value is nearly $100 Billion, almost double the company's valuation in January 2020, just before the pandemic. Unsurprisingly, DE options are pricing in a larger-than-average 6% move when the company reports earnings on Thursday.
Persons: John Deere's, John Deere, outperforming, Massey Ferguson Organizations: Deere, Caterpillar, Deere & Company, Nasdaq, Farmers, CNH Industry, CNBC, NBC UNIVERSAL, ~$, ~ $ $ Locations: Moline , Illinois, United States, Mexico, Holland
The message to the airline industry: You've had a few too many screwups to be left to your own devices. Over the past couple of years, the Biden administration has introduced a slew of rules and services intended to make airline passengers' lives easier. The airline industry seems to be relatively on board with the refund idea. But there are plenty of other problems with the airline industry that need solving — some the government can take care of, and some the government is causing. Gallup polls suggest more Americans have a negative view of the airline industry than a positive one.
Persons: You've, Bob Mann, William McGee, Joe Biden's, Pete Buttigieg, Biden, pocketbooks, They've, Janet Bednarek, Buttigieg, , it's, It's, Bednarek, McGee, Mann, George Ferguson, wasn't, Emily Stewart Organizations: Boeing, Delta, Department of Transportation, Airlines, American Economic Liberties, Southwest, University of Dayton, Federal Aviation Administration, Airlines for America, Biden, Bloomberg Intelligence, FAA, Gallup, Business
For the last two weeks, Paris completely lost its cool. The rain that had doused the opening ceremony had ceased by then, and Paris felt like a city en fête. “What happened four weeks ago — with the election and everything that came afterward — was a real shame. They wanted to forget about it for a while.”It is fair to say they embraced their opportunity. More than anything, though, there have been French tricolors.
Persons: , Teddy Riner, Marie, José Perec, , Anne Brion, Tricolors, Richard Salandre Organizations: Games, Tuileries, United Locations: Paris, French, fête, United States,
— A Ferguson, Missouri, police officer was critically injured outside the city’s police station during protests on the 10th anniversary of the fatal shooting of Michael Brown, a pivotal moment in the national Black Lives Matter movement, police said Saturday. Ferguson police chief Troy Doyle said Officer Travis Brown suffered a severe brain injury Friday after being knocked to the ground. Two other officers also were hurt, one sustaining an ankle injury and another an abrasion. Doyle said Travis Brown started with the department in January and previously worked for the St. Louis County Police Department. I had to look his mother in the eye and tell her what happened to her son.
Persons: FERGUSON, , Ferguson, Michael Brown, Troy Doyle, Travis Brown, ” Doyle, Darren Wilson, Doyle, , I’m, Organizations: St, Louis County Police Department Locations: Mo, Missouri, Louis
With the national spotlight on Ferguson, residents renewed their calls for improvements, but none of those cries have wrought substantial change in the 10 years since, they say. Few people understand this urgency, and frustration, more than Michael Brown Sr. Michael Brown Sr., father of Michael Brown Jr., says the death of his son forced him to "grow up." Michael B. Thomas for NBC NewsAlmost everywhere in Ferguson are reminders of his 18-year-old child — on billboards, in businesses, on T-shirts. Michael B. Thomas for NBC NewsBut most of those who spoke to NBC News said progress in Ferguson has been frustratingly slow.
Persons: Brown, Darren Wilson, Wilson, Wesley Bell, Michael Brown Sr, , Michael Brown Jr, , Michael B, Thomas, Ferguson, Michael, that’s, Mike Brown, Justin Idleburg Organizations: U.S . Department of Justice, NBC, National Urban League, Urban League Community Development Center, NBC News, Boys, Girls Club Locations: Louis County, Ferguson, There’s, Coldwater, West
“Police violence hasn’t stopped,” said Sirry Alang, professor of Black communities and social determinants of health at the University of Pittsburgh. And in the decade since, data shows there has not been an increase in charges brought against officers. Philip Stinson, a professor of criminal justice at Bowling Green State University, has tracked cases of police officers charged with murder or manslaughter resulting from on-duty shootings since 2005. Data is aggregated from publicly accessible media sources and reviewed by Campaign Zero’s researchers. The database shows that documented police killings have steadily increased in recent years.
Persons: hasn’t, , Sirry Alang, we’ve, Eric Garner, Brown, Garner, Philip Stinson, Stinson, ” Stinson Organizations: Police, University of Pittsburgh, University of North, Bowling Green State University, NBC, The Washington Post Locations: Ferguson, New York, University of North Carolina
In today’s edition, we report on how Vice President Kamala Harris’ search for a running mate is nearing the finish line. In case that wasn’t already clear from the vetting, the interviews and the obsessive media attention, consider the long — and still lengthening — list of ways one selection shaped decades of national politics. The pick influenced not just Obama’s electoral victories and the Obama administration but also every successive presidential election since then. And it could keep doing so for years, as Vice President Kamala Harris prepares to make her choice Tuesday. And Harris’ running mate selection could anoint the Democratic Party’s next presidential favorite, potentially into the 2030s.
Persons: Kamala Harris ’, Scott Bland, Barack Obama’s, Joe Biden, Obama, Kamala Harris, Obama’s, David Plouffe, Hillary Clinton, Donald Trump’s, Biden, Harris, Sen, Evan Bayh, Tim Kaine, , Cori Bush, Julie Tsirkin, Kyle Stewart, “ I’m, , Bush, Wesley Bell, Bell, Louis County’s, Israel —, Jamaal Bowman, J D, Lou Organizations: NBC, White House, Capitol, Democratic, Virginia Gov, Kyle Stewart Democratic, NBC News, Israel, Justice Department Locations: Israel, Indiana, Ferguson, Washington, U.S, York, Gaza
Bell has consistently maintained that Israel has the right to defend itself against Hamas and said he would be supportive of the U.S. ally if elected. Bush accused Israel of an “ethnic cleansing campaign” as the country retaliated. A group of 30 rabbis from the area endorsed Bell in the spring and accused Bush of antisemitism. Bush confirmed the federal investigation but referred to the complaints as “baseless.”Both Bush and Bell argued that the race is about more than just the Middle East. On Friday, Rep. Katherine Clark, a member of House Democratic leadership, traveled to Missouri to stump for Bush.
Persons: LOUIS —, Cori Bush, Bush, , “ I’m, , Wesley Bell, Bell, Louis County’s, Israel —, Jamaal Bowman, Kamala Harris, Joe Biden, she’s, ” Bush, I’ve, , Israel, Benjamin Netanyahu’s, ” Bell, Louis . Bell, Republican Sen, Josh Hawley, Jeff Roberson, Mike Brown, Michael Brown Sr, Katherine Clark, Bowman Organizations: LOUIS, LOUIS — Democratic, NBC News, Israel, Justice Department, Democratic, , St, Israeli, Jewish Federation of St, Republican, NBC, Senate, Sunday, House Democratic Locations: Ferguson, Washington, Israel, U.S, York, Gaza, , Missouri, Louis, Biden’s State, Palestine, St, Clayton , Missouri, Bush, Ferguson , Missouri, New York
(Trump himself has tried to distance himself from Project 2025 but many of his policies and goals overlap.) “Honestly, the Trump administration was often sloppy in the way they rolled out these executive orders, including the first Muslim travel ban,” Washington Attorney General Bob Ferguson told CNN, referring to the Trump ban on migrants from several Muslim-majority countries that was the target of one of nearly 100 lawsuits brought by the Evergreen State against the Trump administration. “This time around, Project 2025 provides a very thorough overview over the issues in which a leading conservative organization, like the Heritage Foundation, is likely to push the Trump administration,” Romero said. Part of the Project 2025 effort has been to collect and vet thousands of potential staffers to serve up and down the federal bureaucracy of a future Trump administration. The ACLU, meanwhile, has been rolling out a series of analyses of possible legal and legislative responses to potential Trump policies.
Persons: Donald Trump, he’ll, slapdash policymaking, Trump, Bob Ferguson, Ferguson, Washington Democrat –, , , , Deepa Alagesan, Trump’s, Elizabeth Taylor, rollbacks, “ It’s, Anthony Romero, ” Romero, Joe Biden, Romero, It’s, Paul Dans, Skye Perryman, Kica Matos Organizations: CNN, Republican, Trump, Evergreen State, Washington Democrat, International Refugee Assistance, , National Health Law, Republicans, Supreme, ACLU, Heritage Foundation, Trump Justice Department, Forward, Immigration Law Center, New York Times, Democratic Locations: Washington
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRecession fears are overstated, says Fmr. Fed Vice Chairman Roger FergusonRoger Ferguson, Former Fed vice chairman, joins 'Closing Bell Overtime' to talk what's next for the Federal Reserve after today's market sell-off.
Persons: Fmr, Roger Ferguson Roger Ferguson Organizations: Fed, Federal Reserve
Days before she was set to face an AIPAC-backed challenger in an expensive and contentious Democratic primary, Representative Cori Bush of Missouri doubled down on the stance that has put her job in peril. Standing outside an early voting location at a public library in Ferguson, on the same streets where she led protests for racial justice in 2014, Ms. Bush declined to call Hamas a terrorist group. Absolutely.”Most voters in this racially segregated blue city in a deep-red state are not talking about Israel’s war against Hamas. Abortion is illegal here, crime is high and downtown is made up of mostly boarded-up storefronts. “It’s not a priority for my district, necessarily,” she conceded of her pro-Palestinian views.
Persons: Cori Bush, Bush, Ferguson, , Michael Brown, , “ It’s Organizations: Democratic Locations: Missouri, Ferguson
The top contenders to be Kamala Harris’ running mate got to this point, in part, by battling Donald Trump. Now, one of them is likely to become the vice presidential nominee on the Democratic ticket aiming to thwart his comeback bid. Pete Buttigieg rose from obscurity to play a central role in the 2020 Democratic presidential primary. Andy Beshear, who is also in the mix for Harris’ running mate position. One way or another, Trump played a big role creating the cast of characters that could complete the Democratic ticket he’s facing this year.
Persons: Kamala Harris ’, Donald Trump ., Harris ’, MAGA, Trump, don’t, Harris, “ Trumpism, , Jesse Ferguson, Hillary Clinton’s, isn’t, Kamala Harris, ” Trump, Karoline Leavitt, Josh Shapiro, Trump’s, Dan Gleiter, Shapiro, Sen, Doug Mastriano, Mastriano, Mark Kelly, Kelly, Joe Biden, Republican Blake Masters, Tim Walz, belittling Trump, Pete Buttigieg, Anthony Lanzilote, Biden, JB Pritzker, belittled Trump, Bruce Rauner, Andy Beshear, Beshear, Roe, Wade Organizations: Democratic, Trump, U.S . Capitol, Navy, Republican, Minnesota Gov, Bloomberg, New, Biden —, Illinois Gov, GOP Locations: Pennsylvania, Washington, Arizona, South Bend , Indiana, Iowa, Trump and Illinois, Kentucky
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