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Uncertainty is the key theme for markets on the eve of Election Day, but fixed income investors say there are a few opportunities to snap up solid yield even as the market holds its breath. "We are constructive on fixed income as a whole, despite these uncertainties, and we're stressing to investors that yields are really quite attractive – and the income generation we can get from fixed income right now is quite powerful," Persson added. On the municipal bond side, offerings include the iShares National Muni Bond ETF (MUB) , which has a 30-day SEC yield of 3.35%. Vanguard also has its Tax-Exempt Bond ETF (VTEB) , with a 30-day SEC yield of 3.4%. The iShares MBS ETF (MBB) has a 30-day SEC yield of 4.01% and a net expense ratio of 0.04%.
Persons: Kamala Harris, Donald Trump, Andrew Szczurowski, Eaton, Anders Persson, Persson, Fannie Mae, Freddie Mac, Baird Organizations: NBC News, Income, Morgan Stanley Investment Management, Federal, Treasury, Muni Bond ETF, SEC, Vanguard, Bond, SPDR, MBS, Fidelity Intermediate Bond Fund, Bond Fund Locations: Washington, Nuveen
Whoever is elected the 47th president of the United States will start with a rare and clear advantage: a remarkably solid economy. Tuesday’s election will show how much that all matters to voters, who will soon decide which candidate they want to entrust the economy to from here. But to regular American households, it’s more of a “Yes, but” economy: Yes, the job market is strong, but my boss wants me in five days a week, and that doesn’t work for me anymore. Yes, inflation has fallen, but I can’t afford day care. Prices across the rest of the service economy were 4.7% higher overall, and medical care was up 3.9%.
Persons: Kamala Harris, Donald Trump, Spencer Platt, Yuki Iwamura, they’re, Helene, Milton, Patrick T, Fallon, Harris, , Greg Valliere, Joe Biden wasn’t, Trump, Karoline Leavitt, “ Kamala Organizations: Investment, Stock, Getty, Consumer, Bloomberg, CNBC, First Street Foundation, NBC, AGF Investments, Biden Locations: United States, Ukraine, Israel
Meet the Press – November 3, 2024
  + stars: | 2024-11-03 | by ( ) www.nbcnews.com   time to read: +55 min
KRISTEN WELKER:As the 2024 election nears the finish line, Vice President Kamala Harris and former President Donald Trump make their last appeal to voters. Vice President Harris and former President Trump and their surrogates are making their closing arguments. North Carolina was the state former president Trump won in 2020 by the smallest margin and both candidates held events there on Saturday. I asked, what is his message to women who are thinking about voting for Vice President Harris. Today, Vice President Harris is in Michigan working to shore up the blue wall, her simplest path to winning the White House.
Persons: KRISTEN WELKER, PRES, KAMALA HARRIS, FMR . PRES, DONALD TRUMP, Kamala Harris, Donald Trump, Steve Kornacki, Liz Cheney, Let's, TONY HINCHCLIFFE, Raphael Warnock of, Doug Burgum, Chuck Todd, Cristina Londoño Rooney, Marc Short, Mike Pence, Jen Psaki, Kristen Welker, . PRES, Harris, Trump, Biden, haven't, Will Nikki Haley, hasn’t, Kamala, TIM WALZ, Donald Trump's, SEN, JD VANCE, FMR, MICHELLE OBAMA, She's, Hurricane Helene, NBC's Dasha Burns, DASHA BURNS, Kristen, Ann Selzer, , we've, Dasha, We're, Alcindor, YAMICHE, STEVE KORNACKI, Harris ., They've, she's, Joe Biden's, Steve, they've, We've, , Raphael Warnock of Georgia, Warnock, Press . SEN, RAPHAEL WARNOCK, It's, Martin Luther King Jr, Barack Obama, I've, I’ve, we're, They're, Governor Burgum, DOUG BURGUM, Nikki Haley, NIKKI HALEY, they're, Trump's, I'm, he's, Emerson, Iowa that's, I'd, Trump hasn't, It’s, Biden's, There's, Burgum, JEN PSAKI, Chuck, hasn't, CHUCK TODD, who's, – KRISTEN WELKER, she’s, Harris isn't, Jen, that's, Cristina, let's, CRISTINA LONDOÑO ROONEY, They’re, Obama, there's, o’clock, Clinton, JD Vance, RUDOLPH, MAYA RUDOLPH, we'd, Hillary Clinton, Marc, We'll, it's Organizations: FMR, NBC, Puerto Rico, Trump, Democratic, Republican, Washington, Telemundo, Staff, White House Press, Press, Rockefeller, Des Moines Register, NBC News, DONALD TRUMP : Georgia, GOV, TIM, FIRST, United States Capitol, Des Moines, White, Muslim, National, Black, Press ., Ebenezer Baptist Church, New York Times, Central, American, UN, Penn State football, Madison, , Iowa, Republicans, oversampled, Puerto Ricans, Obama, it's, Democratic Party Locations: America, FMR ., United States, Puerto Rico, Raphael Warnock of Georgia, North Dakota, New York, ., Wisconsin, North Carolina, Pennsylvania, ELON, Hurricane, Greensboro, Iowa, Michigan, Detroit, East Lansing, Dearborn , Michigan, Gaza, Arizona, Des, Washington, Ebenezer, Georgia, Trump's, Puerto Rican, Madison, Korea, Ukraine, Israel, Iran, American, Pennsylvania , Wisconsin, Kansas, Puerto, Puerto Ricans, Trump, , Wisconsin, it's New Hampshire, New Hampshire
Home transaction activity is up since mortgage rates are down from their peak. The US housing market perked up after mortgage rates plunged from their mid-summer peak through mid-September, even though they've experienced a remarkable resurgence since then. Pending home sales rose 7.4% in September, which was the largest leap since the spring, a late-October report from the National Association of Realtors found. "Further gains are expected if the economy continues to add jobs, inventory levels grow, and mortgage rates hold steady." 7 affordable cities with home inventoryEven though homeowners have been reluctant to give buyers a discount, there are still places where aspiring proprietors can find fair deals.
Persons: , they've, Lawrence Yun, Realtor.com, Ralph McLaughlin Organizations: Service, National Association of Realtors Locations: Realtor.com
Dean Indot, 53, matched with Alexis Indot, 27, on a dating app in the thick of the pandemic. Alexia PriviteraDean's profession: Commerical bankerAlexis' profession: Entrepreneur and mortgage bankerWhen they met: 2020When they got married: 2023How they met: Dean said he and Alexis met on a dating app during the pandemic. They chatted online for a month or two before they went on a date, and he immediately felt comfortable around Alexis. "When you live with someone, you really know someone, and I think that's when we really got along well together," he said. "She is a lot older than her age, and I think that's one of the key reasons it works," he added.
Persons: Dean Indot, Alexis Indot, Indots, Alexia Privitera, Alexis, Dean, haven't
Mortgage rates may affect payoff calculusThe mortgage payoff calculus may change based on whether people can outearn their mortgage rates with safe, guaranteed investments, Benz said. For mortgage rates that are 6% or more, paying that balance off will provide a guaranteed return. Admittedly, the argument over whether to pay off mortgages is "much more emotional and psychological than it is financial," Jenkin said. The big money questions people ask themselves to prepare for retirement are just as important as the emotional ones. What brought you joy while you were working may change in retirement, Michael Finke, a professor of wealth management at The American College of Financial Services, tells Benz.
Persons: Jessica Lautz, Benz, JL Collins, Collins, Robert Daly, Ted Jenkin, Jenkin, Michael Finke Organizations: Joint Center for Housing Studies of Harvard University, National Association of Realtors, Benz, Getty, CNBC, CNBC FA, The American College of Financial Services Locations: Atlanta
Many Americans face retirement woes, lacking adequate savings and relying on Social Security. McCoy said she began receiving monthly Social Security Disability checks about 10 years ago, which are currently $1,620. Despite their best savings efforts, McCoy said medical bills and a high cost of living depleted her household finances. "But to live on Social Security — which is coming very quickly for both of us — is scary." A fifth of US adults over 50 reported having no retirement savings, and Social Security often isn't enough to cover the full cost of essentials.
Persons: Elizabeth McCoy, , McCoy, She's, Elizabeth McCoy McCoy, Gen Zers, she's, you've Organizations: Social Security, Service, Social Locations: Indiana
Megan Smyth, a 35-year-old mom, has been a single mom to triplets for 18 months. AdvertisementThis as-told-to essay is based on a conversation with Megan Smyth, mom to 3-year-old triplets. Eighteen months ago, I became the sole parent of three identical triplet toddlers — something I never thought I would say. They know to put their dirty clothes in the washing basket and washing machine. Nothing can ever prepare you for having triplets or for being the sole parent of them.
Persons: Megan Smyth, , it's, I've, They'll, It's Organizations: Service, Facebook
Neither former President Trump nor VP Kamala Harris would be able to act on them imminently. Despite its inability to provide broad cancellation, Biden's Education Department has issued targeted relief that has given nearly 5 million borrowers debt cancellation to date. Constance, 65, has nearly $200,000 in student debt, an amount that's ballooned since she graduated from law school in 1994. "I would expect continued improvements and limited expansions of debt relief where legally possible under a Harris-Walz administration," Partridge said. Regardless of who wins the election, legal challenges to debt relief will keep borrowers in limbo.
Persons: Joe Biden's, Trump, Kamala Harris, Harris, , Donald Trump, Education James Kvaal, That's, it's, NORC, Biden, Constance, Constance —, It's, Sara Partridge, " Partridge, Kvaal, Partridge, Walz, Sen, Bill Cassidy Organizations: Service, GOP, Education Department, Biden's Education, Education, AP, Biden's Education Department, Public, American Progress Action, Trump, Republican, Senate
That shortage also affects rent prices. In August, Harris unveiled a multi-pronged plan to lower housing costs. The plan also includes two main proposals to lower rent costs. Both plans to lower rent would be subject to congressional approval, meaning that the measures may be difficult to pass even if Harris wins the presidency. Unlike Harris, Trump has not rolled out a formal housing plan, but he has tied plans to deport undocumented immigrants to housing.
Persons: Kamala Harris, Donald Trump, “ It’s, , Jim Parrott, That’s, ” Parrott, Mario Tama, Freddie Mac, Harris, Trump, “ We’re, homeownership, SSRS, , Nick Pappas Organizations: CNN, Urban Institute, National Economic Council, SSRS, National Association of Realtors, Trump, Economic, of New, Treasury, Federal Reserve, Locations: Arizona , Nevada , Wisconsin , Michigan, Pennsylvania, Georgia, North Carolina, Los Angeles , California, America, of New York, Kansas
As the Fed lowers rates, mortgage rates are expected to go down, though next week's cut is already priced in and is unlikely to have an impact. See more mortgage rates on Zillow Real Estate on ZillowWhat Are Today's Mortgage Refinance Rates? See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. Current 30-Year Mortgage RatesAverage 30-year mortgage rates are hovering around 6.50%, according to Zillow data. But now that inflation has decelerated and the Fed has started cutting rates, mortgage rates have trended down.
Persons: they've, Freddie Mac, it's, Fannie Mae Organizations: of Labor Statistics, Boeing, Federal Reserve, Zillow, Fed, Mortgage, Association, ARM, . Government Locations: U.S, Chevron, Government
A decade ago, my husband and I bought a term life insurance policy worth $300,000. "We want enough to cover the mortgage and death expenses," we said to the agent who sold us our life insurance policy over a decade ago. Almost a decade later, we realized that what we planned for wasn't nearly enough life insurance to meet my needs if my husband were to die. Get Life Insurance Quotes Compare affordable life insurance options with Policygenius. The problem of not having enough life insurance seems easy enough to fix — just buy more.
Persons: , we'd Organizations: Service, Policygenius
During my pregnancy, I spent so much energy focusing on finding the right day care. AdvertisementEventually, we found ourselves having two kids in the same day care, which cost a fortune. Finally, someone from a big chain day care got back in touch and said there might be a spot. AdvertisementOnce again, my husband and I sat down and had to figure out how we were going to afford to put another child in day care. We ultimately built up a savings account that would take us through six months of their day care tuition.
Persons: Randi Braun, , hadn't, couldn't, you've Organizations: Service, Universal Locations: Washington , DC
A major Russian bank launched a 2% mortgage rate that is available only in occupied Ukraine. The incentive is in keeping with other Russian attempts to cement its hold on occupied Ukraine. AdvertisementRussia is debuting a rock-bottom mortgage rate with a catch: it's only available if you live in a warzone. "The aim is to consolidate Russia's long-term presence — through 30-year loans, which is highly unusual in Russia — in the occupied Ukrainian regions," she told Business Insider. Ukraine says Russia has offered financial incentives, up to 5 million rubles or $51,000, to Russians who move there.
Persons: , VTB, Agathe Demarais, topsy Organizations: Service, Russia's VTB Bank, NATO, geoeconomics, European Council, Foreign Relations, Reuters Locations: Russian, Ukraine, Russia, Luhansk, Donetsk, Ukrainian
Investors have been heavily buying two very different categories of assets ahead of next week's election: bonds and bitcoin . Bank of America credit strategist Yuri Seliger highlighted a shift toward bond buying among fund investors over the past week. A look at the list of most popular ETFs on FactSet over the past week shows that the demand for bonds has been broad across categories. Funds for investment grade corporate bonds, municipal bonds, mortgage backed securities, long-term Treasury bonds and high yield bonds are all in the top 20 funds by inflows over the past week. The iShares Bitcoin Trust ETF (IBIT) has raked in more than $2 billion of inflows over the past week, according to FactSet.
Persons: Yuri Seliger, Seliger, outflows Organizations: Bank of, HG, HY, Bank of America, , JPMorgan
AdvertisementNewlyweds Aislyn and Ali Benjamin felt they couldn't afford to buy a traditional property in their corner of California — Danville, a small city just over an hour's drive east of San Francisco. Financing and building the ADU cost a total of $500,000, paid by the couple with help from their parents. Advertisement"The main reason we chose to do this is to stay close to our work," Ali Benjamin told Business Insider. An overview of the Benjamins' ADU in the Bay Area, where the couple lives full-time. The kitchen of the Benjamins' ADU.
Persons: Aislyn, Ali Benjamin, , Realtor.com, San Ramon — Aislyn, Ali, Villa, ADU, Ali Benjamin's, Ali Benjamin said Organizations: Service, Danville ., Benjamins, Business, Urban Institute, Villa Villa, Backyard, Villa Locations: California — Danville, San Francisco, Danville, San Ramon, Bay, California, Los Angeles, San Jose
Rent costs have long weighed on lower-income households — now it’s coming for the middle class. A cost-burdened household is defined as one paying 30% or more of pretax income on rent and housing costs. This figure is widely used as a threshold for affordability: the Census Bureau measures housing costs against it, and the Department of Housing and Urban Development has used it for decades. While nearly 40% of middle-class renters are burdened by costs nationwide, in Tennessee that figure is 37%, placing it among the upper half of states with the largest share of cost-burdened middle-class renters. The growing pressure on middle-class renters may finally be spurring political action.
Persons: , Peter Hepburn, ” Hepburn, “ It’s, Daniel Evans, haven’t, Evans, We’ve, Hepburn, Organizations: NBC, Department of Housing, Urban, Princeton University Locations: Tennessee, Memphis, Nashville, New York
Here are 16 real-estate markets where renters can save big. That's virtually unchanged from September's rate of $1,533, though it's 1.9% higher than the median price from a year ago. Two-bedroom setups went for around $1,910 in the nation's 100 largest real-estate markets, only a few dollars lower than last month and 2.6% higher than in October 2023. 16 cities where rent is reasonableEven though rent is stubbornly high on the national level, there are several cities among the 100 biggest rental markets where apartments are increasingly affordable. Along with each city are its year-over-year and month-over-month rent changes and its median rent, the savings compared to the national median, and its rank among the 100 top US real-estate markets.
Persons: , Zumper, that's, hasn't, Anthemos Georgiades Organizations: Service
A new regulatory rule finalized this month by the Consumer Financial Protection Bureau aims to reduce that hassle and make it easier, more secure and always free for customers to switch accounts or to simply transfer or share their financial data from their banks, credit card issuers and other financial service providers upon request. “The problem the CFPB (rule) is addressing is the paperwork required of consumers to change accounts. Financial providers must make this information available without charging fees.”The rule will also restrict how third parties may use and retain the data consumers request be shared. Banks push backThe banking industry wasted no time in expressing its displeasure with the new rule — known as the personal financial data rights rule. “Dodd-Frank only requires banks to provide financial data to consumers.
Persons: it’s, , Adam Rust, Rohit Chopra, ” Rust, , That’s, ” Chopra, Banks, Rob Nichols, , ” Jaret, “ Dodd, Frank, ” Seiberg, Chopra, they’ve Organizations: CNN, Consumer Federation of America, Consumer Financial, Federal Reserve Bank of Philadelphia, American Bankers Association, Bank Policy Institute, Kentucky Bankers Association and, Cowen Washington Research Group Locations: Kentucky Bankers Association and Kentucky, Las Vegas
Although sentiment is improving (more on that soon), poll after poll suggests that Americans hold largely negative views about the US economy. And the US economy remains a job-creation machine, adding 368,000 jobs per month on average during the Biden administration, a record high. But they’re still growing at a 3.9% adjusted rate, according to the Department of Labor. A recent study from the Brookings Institution, released last week, found a correlation between economic sentiment and political affiliation with the party in control of the White House. When Trump took office, Republican economic sentiment surged, while Democratic sentiment cratered.
Persons: Kamala Harris, Joe Biden, Biden, Trump, Covid, That’s, Donald Trump, they’re Organizations: CNN, Bureau of Labor Statistics, Gross, Economic, International Monetary Fund, Labor, BEA, US Department of Housing, Urban Development, Bank of America, Brookings Institution, White, Democratic, Republican, Democrat
Homebuilder Meritage Homes could see outsized growth even in the midst of a housing lull, thanks to a strategy that emphasizes homes that are "move-in ready," according to Goldman Sachs. Existing home sales remain sluggish and housing turnover below historical norms due to affordability issues for consumers hit by higher mortgage rates. But even against a backdrop of tight housing supply, Goldman analyst Susan Maklari expects Meritage to outshine competitors owing to a unique strategy. Maklari believes Meritage is poised for further upside to its 2028 targets because the company offers a competitive proposition to buyers. Meritage provides a "turnkey solution" to consumers — fully outfitted units that don't need add-ons — with a 60-day closing guarantee on homes.
Persons: Goldman Sachs, Goldman, Susan Maklari, Maklari, Meritage Organizations: realtors, Elliott Homes
When you view your credit score, you're likely to see a different three-digit number depending on whether you checked your score online, on your banking app or via another means. Although you have multiple credit scores, they're mainly calculated by two companies: VantageScore and FICO, which are the two main credit scoring systems used by the majority of lenders to evaluate how well you're managing your credit. "Think of those like Coke and Pepsi," John Ulzheimer, a credit expert who formerly worked for FICO and Experian, tells CNBC Make it. And your credit history needs to be at least six months long in order for FICO to generate your score. Although FICO scores are also used by lenders when you apply for credit, a mortgage or an auto loan, FICO weighs the factors it uses to calculate its credit scores differently.
Persons: John Ulzheimer, VantageScore, FICO, Matt Schulz, LendingTree's, Schulz Organizations: Pepsi, FICO, CNBC Locations: U.S
New York CNN —The last three years have upended everything about the way we expect the economy to work. But the pandemic-era inflationary period played out unlike any other in history, and wealthy people made out like bandits. And that may be because the only real inflation we’ve seen in decades was a multi-year profit bonanza for them. And that has provided a permission structure for some wealthy Trump supporters to shrug their shoulders at his inflationary economic agenda. But it won’t be the same flavor of profit-driven inflation we’ve seen over the past three years.
Persons: CNN Business ’, That’s, Donald Trump’s, “ It’s, , Kent Smetters, , we’ve, ” It’s, He’s, Harris, Josh Bivens, Bivens, ” Bivens Organizations: CNN Business, New York CNN, Wall, University of Pennsylvania’s Wharton School, Trump, Wall Street Journal Locations: New York, Ukraine
Foruteen of the analysts covering Zillow rate it either a strong buy or buy, while 11 view it as a hold. The average price target represents potential 7% upside. The majority of analysts are bullish on platform, while the average price target implies 33% upside. Analyst Kirk Materne's $610 price target is roughly 9% higher than where HubSpot stock is currently trading. Analysts are overwhelmingly bullish on HubSpot, with the average price target representing a potential 11% gain.
Persons: Zillow, Foruteen, Wedbush, Jay McCanless, McCanless, Pinterest, Justin Post, HubSpot, Kirk Materne's Organizations: CNBC Pro, Investment, Bank of America, ISI, Software Locations: outperforming, Zillow
Define your real estate goalsWhat are you looking to gain from real estate investing, and what risks are you willing to take? REITs (real estate investment trusts)One of the best ways to start investing in real estate as a beginner is with a real estate investment trust (REIT). Real estate limited partnershipsA real estate limited partnership (RELP) provides investors with a diversified portfolio of real estate investment opportunities. Other notable real estate books worth checking out include:"The Warren Buffet Way" By Robert G. Hagstrom"The Real Estate Investor's Guide to Flipping Houses" By J. Scott"The Intelligent Investor" By Benjamin GrahamLocal real estate investment clubsConnecting with local real estate investment enthusiasts can be a great way to engage with the real estate community and expand your knowledge. FAQs about real estate investing for beginnersHow much money do I need to start investing in real estate?
Persons: Dana Bull, Chad Carson, CoachCarson.com, Equity REITs, Richard Ratner, Ratner, Bull, , Brandon Turner, Insider's, Robert G, Scott, Benjamin Graham Organizations: Dana Bull Real Estate Consulting, Equity, Publicly, Bel Air Investment Advisors, Property, Resources, Beginners, Benjamin Graham Local Locations: Chevron, REITs
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