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Donald Trump's election victory is set to make the Federal Reserve's job more difficult. His tariff and immigration plans are expected to stoke inflation, complicating the Fed's policy decisions. Trump has also said he'd like a say in setting monetary policy, which would erode Fed independence. Donald Trump's election win brings his vision of hefty trade tariffs and a sweeping immigration crackdown closer to becoming reality. A study from the Peterson Institute of International Economics said interfering with the Fed's independence could cost the economy $300 billion and drive inflation higher.
Persons: Donald Trump's, Trump, , it's, Glen Smith, Smith, Paul Krugman, Trump's, Jerome Powell, Powell Organizations: stoke, Service, Treasury, GDS Wealth Management, Fed, Fed Trump, Peterson Institute of International Economics, Pantheon Macroeconomics, Trump Locations: China
Market moves: The stock market tacked on some additional gains after the Federal Reserve on Thursday afternoon cut interest rates by 25 basis points. Bond yields, which move inversely to bond prices, have been on the rise since the Fed cut rates in September. Stick to discipline: The stock market especially liked the idea of a pro-business environment and de-regulation expected in the future Trump administration. It's not surprising to see Wells Fargo down 3% after the Club stock surged more than 13% on Wednesday. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .
Persons: Jim Cramer, Thursday's, Jerome Powell, hasn't, Bond, Donald Trump, Trump, industrials, It's, Wells, Mogan Stanley, Morgan Stanley, Bloomin, Jim Cramer's, Jim Organizations: CNBC, Federal Reserve, Fed, Treasury, Bond, NBC News, Club, DraftKings, Arista Networks, Azon Enterprise, Trade, Baxter International, NRG Energy, Jim Cramer's Charitable Locations: Wells Fargo, Wells
Global trade changed considerably over the past four years — benefiting India — as President Joe Biden retained much of Trump's tariffs on China. EnergyOn the one hand, analysts expect Indian interests to be aligned with those of the United States regarding oil prices . Trump's previous term in office, whether intentionally or coincidently, saw moderate to low oil prices. As India imports over 90% of its oil needs, New Delhi will likely welcome any move by the U.S. to keep oil prices low. A quick resolution of the war in Ukraine — Trump's campaign promise — would also prove to be negative for oil prices.
Persons: Narendra Modi, Donald Trump, Narendra Modi's, Joe Biden, Macquarie, Aditya Suresh, Trump, Uncle Sam, Samiran Chakraborty, Baqar Zaidi, Ukraine —, , Sanjeev Prasad Organizations: India's, U.S, Manufacturing, Global, Observer Research Foundation, Treasury, Indian, Citi, Companies, Tata Consultancy Services, HCL Tech, Infosys, Energy, Suzlon Locations: Hyderabad, New Delhi, India, China, U.S, Mumbai, United States, Ukraine
The Federal Reserve would likely respond to inflation by raising interest rates to curb demand. In an economic chain reaction, households would then pay higher interest rates on borrowing of all kinds as the Fed moves to tame that newly rekindled inflation. That led to the 30-year fixed mortgage rate rising, meaning homebuyers are on track to see higher interest rates on loans. An analysis by the nonpartisan Tax Policy Center found that Trump's policies would decrease posttax incomes by an average of $1,800 in 2025. Trump's win is also expected to influence the Federal Reserve's upcoming decisions on interest rates.
Persons: Donald Trump, , Trump, Ramping, Trump's, it's, Jerome Powell, Joseph Stiglitz Organizations: Federal, Service, Biden, US Census Bureau, Trump, Peterson, Center, American Progress, Tax Foundation, Fed Locations: China
While the Federal Reserve is still concerned about inflation, "we're seeing these signs of weakness in the labor market," Scanlon said. "This suggests that the labor market remains firm despite signs of weakening," J.P. Morgan noted. 'What the bond market is telling us'The stock market rallied after the presidential election results. That's what the bond market is telling us." Depending on what policies are enacted under Trump's second term, the inflation problem might get worse, experts say.
Persons: Brett House, Scanlon, There's, Mark Hamrick, J.P, Morgan, Hamrick, Trump Organizations: Columbia Business School, Bureau of Labor Statistics, Federal Reserve, of Labor Statistics, BLS, Dow Jones, Nasdaq, Treasury, Trump Locations: U.S, China
The tax cuts and tariffs floated by Trump has raised worries of a widening fiscal deficit, spurring Treasury yields higher as of late. Bond yields move inversely to their prices. A buying opportunity in bonds Sinead Colton Grant, chief investment officer at BNY Wealth, believes that bond investors overreacted. US10Y YTD mountain U.S. 10-year Treasury "The biggest determinant of your long-term return is the yield," Grant said. Munis While municipal bond yields don't move as quickly as Treasury yields, they are expected to follow, said BNY Wealth's Grant.
Persons: Donald Trump, Bond, Mark Haefele, Sinead Colton Grant, overreacted, Trump, Grant, it's, Brian Rehling, Charles Failla, BNY Wealth's Grant, Sudip Mukherjee Organizations: White, Federal Reserve, Trump, UBS, Fargo Investment, Sovereign Financial Group, AAA, Moody's Locations: Fargo, Stamford, Conn, New York City, muni
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTokenization has 'long-term positive' effects on the global economy: DBS CEOPiyush Gupta, CEO of DBS, explains why he expects to see a "diversification, or an attempt to diversify" payment infrastructure away from Western-dominated or Western-controlled firms.
Persons: Piyush Gupta Organizations: DBS Locations: Western
A pedestrian crosses the streets in front of The Bank of England illuminated by a ray of sunlight, in central London, on February 12, 2024. LONDON — The Bank of England is widely expected to cut interest rates Thursday, when policymakers deliver their first monetary policy decision following Labour's bumper budget announcement last week. The BOE is forecast to lower rates by 25 basis points for the second time this year, bringing its key rate to 4.75%. Policymakers had signaled a "gradual approach" to cuts after holding rates steady at their September meeting. The Federal Reserve on Thursday will also deliver its latest interest rate decision following the conclusion of the U.S. presidential election, having previously cut by 50 basis points in September.
Persons: BOE, Goldman Sachs, Rachel Reeves Organizations: The Bank of England, LONDON, Bank of England, Finance, Federal Reserve, U.S Locations: London
Analyst David George downgraded the stock to underperform from neutral. He believes that JPMorgan is over-earning on both net interest income and credit and finds the stock expensive at current trading levels. "We know we are fighting the tape here, but believe it makes sense to sell the stock." JPM YTD mountain JPM, year-to-date George also noted that, even with a potentially more friendly regulatory environment under a second Trump administration, JPMorgan Chase may not grow its buyback program from here. LSEG data shows 15 of the 24 analysts covering the stock have a buy or strong buy rating.
Persons: Baird, David George, George, Trump, JPMorgan Chase, buybacks Organizations: JPMorgan Chase, JPMorgan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Treasury Secretary Mnuchin: Tariffs need to be used to get counterparties back to the tableSteven Mnuchin, Liberty Strategic Capital managing partner and former Treasury Secretary, joins 'Squawk Box' to discuss President-elect Trump's economic agenda, what to expect in his second term, extension of tax cuts, the use of tariffs, and more.
Persons: Steven Mnuchin Organizations: Former, Liberty Strategic Capital
President Donald Trump looks on as his nominee for the chairman of the Federal Reserve Jerome Powell takes to the podium during a press event in the Rose Garden at the White House, November 2, 2017 in Washington, DC. Federal Reserve Chairman Jerome Powell said Thursday that he will not step down if President-elect Donald Trump asks for his resignation. Trump appointed Powell in 2017, but repeatedly lashed out against the central bank chief during his first term as president, arguing Powell was not easing monetary policy quickly enough. Trump said in October interview that the president should be able to weigh in on interest rate decisions. As Covid-19 swept the nation in March 2020, Trump claimed the authority to remove Powell from office.
Persons: Donald Trump, Jerome Powell, Trump, Powell Organizations: Federal, White House, Bloomberg News, Chicago Economic Locations: Washington , DC
Nurphoto | Nurphoto | Getty ImagesDonald Trump's election victory over Vice President Kamala Harris marks a historic return to the White House — an extraordinary political comeback that is likely to have seismic ramifications for the global economy. The former president's litany of campaign pledges include steep tariffs, tax cuts, deregulation and a push to withdraw from key global agreements. Trump's favorite wordTrump has previously described "tariff" as his favorite word, calling it "the most beautiful word in the dictionary." And we don't see Trump's secondary tariff pledge — that baseline tariff, which would hurt European companies — as being all that feasible," Galbraith said. Analysts have warned that Trump's plan to impose universal tariffs are highly likely to raise prices for consumers and slow spending.
Persons: Donald Trump's, Kamala Harris, Trump, Lizzy Galbraith, Abrdn, Galbraith, CNBC's, Donald Trump, Ben May, Mitchell Reiss Organizations: Nurphoto, Getty, European Union, Bloomberg, Trump, Oxford Economics, Signum Global Advisors, Macquarie Group, Royal United Services Institute Locations: Binzhou, China, Florida, U.S, Mexico, Greensboro , North Carolina, Ukraine, Europe, Asia, Qingdao Port, Shandong province, Qingdao, American
Russia's war economy ins't in imminent danger of collapse, economist Vladislav Inozemstev said. AdvertisementRussia may stand a better chance at sustaining its war economy than previously thought. "The people realize that the 'war economy' has substituted the anemic economic condition of the 2010s." Inozemstev said he expected Russia's economy to continue to grow in 2025 and beyond, forecasting 2%-2.5% GDP growth next year. The International Monetary Fund has said it is expecting Russia's economy to expand by 3.6% in 2024.
Persons: Vladislav Inozemstev, , Inozemstev Organizations: Service, Middle East Media Research Institute, Kremlin, Monetary Fund Locations: Russia, Russian, Soviet Union
ASML's net bookings for the third quarter were 2.6 billion euros ($2.79 billion), below the 5.6 billion euros penciled in by Wall Street analysts. ASML expects net sales for 2025 to come in at the lower of half of the 30 billion euros and 35 billion euros range it previously predicted. Coca-Cola HBC Goldman is betting on Coca-Cola HBC, also known as CCH, given its solid top-lines and strong margin uplift. This phenomenon — coupled with an improving product pipeline across brands — has pushed analyst Richard Edwards to an "above consensus view" on JD's LFL (like-for-like) sales growth. Edwards also expects space expansion and acquisitions to contribute to an average 10% sales growth from 2025 to 2027, above the consensus average of 7%.
Persons: ASML, Goldman Sachs, Goldman, Cola HBC Goldman, Olivier Nicolai, Richard Edwards, Edwards, — CNBC's Michael Bloom Organizations: Wall Street, ASML, Heineken, Philips, Cola HBC, Hellenic Bottling Company, JD Sports, Coca, CCH, London Stock Exchange, Locations: U.S, British
Long-term capital gains rates apply to assets owned for more than one year. Higher capital gains tax rates, however, are "entirely off the table," under a Trump presidency and Republican-controlled Congress, said Erica York, senior economist and research manager with the Tax Foundation's Center for Federal Tax Policy. Even with partial Republican control, "it's most likely that capital gains tax policy just stays put where it is," York explained. For 2024, investors pay long-term capital gains rates of 0%, 15% or 20%, depending on taxable income. Combined with long-term capital gains taxes, higher earners currently pay up to 23.8% on investments.
Persons: Donald Trump, Jim Watson, Donald Trump's, Kamala Harris, Harris, Joe Biden's, Erica York, York, Howard Gleckman Organizations: U.S, Republican, Afp, Getty, Trump, Tax, Center, Federal Tax Policy, Republicans, Representatives, White, Urban, Brookings Tax Locations: Palm Beach
What a Trump presidency could mean for the gig economy
  + stars: | 2024-11-07 | by ( Deirdre Bosa | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat a Trump presidency could mean for the gig economyCNBC's Deirdre Bosa reports on how the gig economy could change under a second Trump term.
Persons: Trump, Deirdre Bosa Organizations: Trump
“Before I can make any decision about the Menendez brothers’ case, I will need to become thoroughly familiar with the relevant facts, the evidence and the law,” Hochman said in a statement. “I think that you’re not going to see Hochman having a press conference about the Menendez case. Gavin Newson supporting the brothers in a bid for clemency, which could free the brothers immediately – possibly before Hochman’s term as district attorney begins. Gruber said Hochman could ask for the December 11 hearing to be moved to a later date and divert attention to his new term away from the Menendez case. Netflix also released a documentary on the Menendez case, featuring both men discussing what led to the killings.
Persons: George Gascón, Erik, Lyle Menendez resentenced, Nathan Hochman, Gascón, Hochman, Menendez, , ” Hochman, , Aya Gruber, , , “ It’s, ” Laurie Levenson, ” Levenson, you’re, Gavin Newson, Gruber, resentence Erik, Lyle Menendez, Kitty Menendez, ” Gascón, Jose, Lyle, Erik Menendez, Ryan Murphy, Ian Brennan, Joey Jackson Organizations: CNN, Los Angeles, USC Gould School of, DA, Loyola Marymount University, California Gov, Netflix Locations: Los, Los Angeles County, America’s, Los Angeles, California, Beverly
Luckin Coffee, which has put up a strong fight against Starbucks in Asia, is looking to the US. The chain is known for its aggressive deals, unusual flavors like a Big Cheese coffee drink, and mobile ordering. Luckin versus StarbucksI started at Luckin Coffee. Aditi BharadeThe most expensive drink on the menu was an Iced Oat Shakerato listed for 8 Singapore dollars, or $6. Representatives for Luckin Coffee didn't respond to a request for comment from BI for this story.
Persons: , Brian Niccol, Niccol, Luckin, Aditi Bharade, Rachel Ruggeri, Ruggeri, It's, David Yu, Jiang, it's, Tiruchelvam, Yu Organizations: Starbucks, Service, Business District, Staff, Singapore, Luckin, BI, Bros, NYU, Aletheia Capital Locations: Asia, China, Singapore, Beijing, United States
Trump's first 100 days are likely to be a rollercoaster, especially given his affinity for headline-grabbing moves. These structured channels helped ensure open dialogue on issues like tariffs, technology restrictions, and financial stability. A potential role for Elon Musk as a geopolitical go-between China might look to alternative channels to manage relations with Trump's administration. National security and AI, autonomous vehicles National security considerations will also be front and center in Trump's early China policy, especially regarding technology restrictions. Expect tariffs, technology restrictions, and Trump's unique brand of diplomacy to push the relationship to its limits.
Persons: Donald Trump, Xi Jinping, Kevin Lemarque, Donald Trump's, Trump, Mao Ning, Trump's, Biden, Elon Musk, Tesla, he's, Robin Ren, Ying Yong, Wu Qing, hasn't, Steve Wynn, Musk, Organizations: Reuters, White, U.S ., Foreign, Treasury, Commerce, Tesla Inc, Bloomberg, Getty, European Union, Trump Locations: Osaka, Japan, U.S, China, Beijing, Shanghai, Washington, Taiwan, European, South Korea, Trump's
Unlike Trump’s surprise win in 2016, House and Senate GOP leaders have been preparing for months for a possible GOP sweep. With Republicans winning control of the Senate, delivering on Trump’s agenda will come down to whether the GOP retains a majority in the House. Even with unified GOP control, there would be challenges ahead for Republicans. One issue is the political math: House Republicans believe if they do hold onto the majority, it won’t be by much. But it wouldn’t be easy to clear a huge package through a narrowly divided House even if Republicans control all the levers of power.
Persons: Donald Trump, ” GOP Wisconsin Sen, Ron Johnson, Mike Johnson, Trump, Johnson, Joe Biden, Johnson —, , , Tim Burchett, ” Johnson, Mark Meadows, Steve Bannon, Joe Biden’s, Nicole Malliotakis, ” Malliotakis, — Biden, Nancy Pelosi, “ Dems, Marjorie Taylor Greene, ” Greene, Danya Gainor Organizations: CNN, Republicans, Capitol, GOP, Trump, ” GOP Wisconsin, Senate Finance, House, Democratic, Republican, , Trump Administration, House Republicans, Republican New York, Democrats, Biden White, nab Locations: Washington, , Pennsylvania, Michigan, Congress
There should be no enduring mystery about what a Trump presidency means for Ukraine. Trump may appoint a cabinet that mildly adjusts the pace or tone of his instincts, but in the end he wants out. Workers remove debris from an apartment building that was damaged during a Russian drone strike in Kyiv, Ukraine, on October 29, 2024. Furthermore, Trump enters the White House at perhaps the most perilous time for Kyiv since the start of the war. Those tired of the Ukraine war – be they Kyiv ally or frontline soldier – should still not embrace the idea of a Trump-backed deal.
Persons: upsides, Trump, Donald Trump, , Vladimir Putin, Joe Biden –, Chasiv Yar, Putin, Thomas Peter, Kim Jong, Qasem Soleimani, Biden, Zelensky, , Kostiantyn Organizations: CNN, NATO, Trump, Pentagon, Iranian Revolutionary Guard, Congress, Kyiv, Russian, European Union, Kremlin Locations: Ukraine, United States, Europe, Russia, Moscow, Pokrovsk, Donetsk, Dnipro, Zaporizhzhia, Russian, Kyiv, Afghanistan, Singapore, Korean, Bankova, Syria, Ukrainian, Georgia, Moldova
Investors boosted stocks after Donald Trump won a second term. But investors shouldn't depart from their long-term investing plan, Morningstar's Dave Sekera says. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. But even as prices soar, it's important not to get caught up in the mania beyond your normal risk tolerance, warns Morningstar Senior US Market Strategist Dave Sekera. "The small-cap space, even with today's bump, it's still the most undervalued part of the market in our view," he said.
Persons: Donald Trump, shouldn't, Dave Sekera, , Morningstar, Sekera, Trump, aren't, Goldman Sachs, shouldn't overreact, John Rekenthaler, Joe Biden, That's, it's Organizations: Service, Dow Jones, White Locations: bullishness
On the campaign trial, Trump threatened to impose additional tariffs of 60% or more on Chinese goods sold to the U.S. She expects a stimulus package of more than 10 trillion yuan ($1.39 billion), with about 6 trillion yuan going towards local government debt swaps and bank recapitalization. More than 4 trillion yuan will likely go towards local government special bonds for supporting real estate, Su said. That divergence in stock performance indicates China's stimulus "will be slightly bigger than the baseline scenario," said Liqian Ren, who leads WisdomTree's quantitative investment capabilities. She estimates Beijing will add about 2 trillion yuan to 3 trillion yuan a year in support.
Persons: Zhu Baoliang, Trump, Su, Yue Su, , Liqian Ren, Ren doesn't, Biden, Chris Miller, That's, China's, Zhiwei Zhang Organizations: Bund, Trump, Citigroup, U.S, Economist Intelligence Unit, National People's Congress, Huawei, Republicans, Senate, NBC, Republican Party, Emergency Economic, Trade Locations: Shanghai, China, Hong Kong, Beijing, U.S
How to navigate your divided office after the election
  + stars: | 2024-11-07 | by ( Jeanne Sahadi | ) edition.cnn.com   time to read: +6 min
Everything with this election has been amplified, said Christy Pruitt-Haynes, a distinguished faculty member at the NeuroLeadership Institute. Giving employees some roomPruitt-Haynes expects many employers will be lenient if employees need to take some time to digest the outcome. Keeping exchanges civilLove or hate the election result, having a strong response to it limits “our ability to think logically and strategically. Which can make for some very ill-advised remarks at the office or on group chats if the election comes up. That’s why managers and other leaders at work need to make a concerted effort to remind people, when the time is right, about why they are there.
Persons: Donald Trump, Burson, Christy Pruitt, Haynes, , Pruitt, ” Michael McAfee, Johnny Taylor, , ” Taylor, Taylor, what’s, ’ ” Pruitt, ” Pruitt, , Ashley Herd, ’ ” Herd Organizations: CNN, NeuroLeadership Institute, , , SHRM
I hate mixing my social life with my work life, so I avoid company social events. The prospect of mixing the work and social worlds gives me a headache. When I was young, it wasn't uncommon for my parents to come home late from a work social or happy hour. So, for the time being, I will avoid all company social events. I work for my money but won't work for a social life.
Persons: , we're, Zers, Gen Organizations: Service, State, Playboy Locations: Chicago
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