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Search resuls for: "Wald"


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☆ A spiral of violence and fear is creating angst for many voters ahead of the midterm elections
  + stars: | 2022-11-06 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Seitz-Wald-Circle-Byline-Template.Jpg | Alex Seitz-Wald | ) www.nbcnews.com   time to read: +8 min
For many voters, a vicious spiral of violence and fear is creating angst, paranoia and an overwhelming sense of dread that the nation is on the eve of destruction, according to a growing body of public opinion research. Polls show a large portion of Republicans fear democracy is in peril because they believe that elections are rigged against them. Frustrated by the fear that democracy no longer serves them, some Americans are becoming convinced that violence is the answer. Steele, the former head of the national GOP, said the public and political leaders both bear responsibility for protecting the republic. “But it also gives space for people who want a safer country to plan ahead, too.
☆ The stock market is proving it may not have to rely on Big Tech as much to drive a comeback
  + stars: | 2022-10-27 | by ( Patti Domm | In | ) www.cnbc.com   time to read: +4 min
Strategists have been watching to see if the stock market lows hit on Oct. 13 will be the low for the current cycle, or whether it is just a low in a bear market. He said financials and airlines also helped drive the market higher. The Technology Select Sector SPDR Fund ETF , which represents the S & P information technology sector, is up 5.8% in October. The Communications Services Select Sector SPDR is up 4.8% for the month. In contrast, the Energy Select Sector SPDR Fund is up 23% in October, and the Industrial Select Sector SPDR Fund is up more than 10%.
☆ Pa. Republicans move to impeach Philadelphia's progressive prosecutor
  + stars: | 2022-10-26 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Seitz-Wald-Circle-Byline-Template.Jpg | Alex Seitz-Wald | ) www.nbcnews.com   time to read: +5 min
WASHINGTON — Pennsylvania Republicans announced Wednesday plans to impeach and potentially remove from office Philadelphia District Attorney Larry Krasner, a national leader among progressive prosecutors who was overwhelmingly re-elected last year. It also comes as progressive prosecutors and recent criminal justice reforms have faced blowback due to rising crime. Republicans control both chambers of the Legislature, but White is the only GOP member from Philadelphia, which is on pace to break last year’s record-setting homicide rate. Pennsylvania’s Constitution gives the Legislature broad power to impeach “all civil officers” for “any misbehavior in office,” though it has almost never exercised that authority. As with the federal impeachment process, a simple majority vote of the state House is needed to impeach.
☆ Can liberals win tough Senate races? Fetterman and Barnes hope to prove it
  + stars: | 2022-10-24 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Seitz-Wald-Circle-Byline-Template.Jpg | Alex Seitz-Wald | ) www.nbcnews.com   time to read: +9 min
WASHINGTON — At stake in this year’s key Senate races is not just the balance of power between the parties, but within them. Now this year's Senate races represent one of the toughest electoral challenges yet for the modern progressive movement. These groups will back progressives in open Senate races, but have yet to recruit someone to run against an incumbent Democrat. But both Fetterman and Barnes then went on to be elected lieutenant governor, statewide victories that helped them convince party insiders they could win U.S. Senate races. John Fetterman, the Democratic Senate nominee in Pennsylvania, greets supporters at Nether Providence Elementary School, in Wallingford on Oct. 15.
☆ Oppenheimer's Ari Wald on 3M: More attractive opportunities elsewhere
  + stars: | 2022-10-24 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOppenheimer's Ari Wald on 3M: More attractive opportunities elsewhereAri Wald, Oppenheimer managing director, joins ‘The Exchange’ to discuss three stocks ahead of earnings, including 3M, GM and UPS.
☆ Earnings Exchange: 3M, GE & UPS
  + stars: | 2022-10-24 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEarnings Exchange: 3M, GE & UPSAri Wald, Oppenheimer managing director, joins ‘The Exchange’ to discuss three stocks ahead of earnings: 3M, GM and UPS.
☆ Democrats struggle with message on inflation in final midterm push
  + stars: | 2022-10-22 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Shannon-Pettypiece-Circle-Byline-Template.Jpg | Shannon Pettypiece | ) www.nbcnews.com   time to read: +10 min
“What is our message about why inflation is going to be worse if Republicans win?” Rep. Ro Khanna, D-Calif., told NBC News in an interview. Even as President Joe Biden and some candidates sharpen their focus on inflation, many Democrats are worried it may be coming too late. “Ads for both parties discussed inflation during the early summer, but since then, pro-Democratic ads have avoided mentions of inflation while pro-Republican ads have increased their discussion of inflation,” the researchers wrote. Economic issues are hitting voters particularly hard in states where Democrats’ control of the Senate hangs in the balance, including Arizona, Georgia and Nevada. In campaign appearances and ads, she’s frequently attempted to explain to voters that the Inflation Reduction Act will lower costs for voters.
☆ Major gun safety group turns its attention to sheriff races with new ads
  + stars: | 2022-10-21 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Seitz-Wald-Circle-Byline-Template.Jpg | Alex Seitz-Wald | ) www.nbcnews.com   time to read: +3 min
WASHINGTON — The country’s largest gun safety group is turning its attention down ballot by pumping money into local sheriff races this election. Everytown for Gun Safety, the massive gun control group founded by former New York City Mayor Michael Bloomberg, told NBC News on Friday it's “leaving no stone unturned in the fight to end gun violence” and will spend $300,000 on digital ads in two sheriff races this year. County sheriffs, unlike most law enforcement officers, are directly elected by voters in most parts of the country. “Sheriffs are elected to enforce the law, not make them,” said John Feinblatt, head of Everytown for Gun Safety Victory Fund. The Bernalillo County race in New Mexico race falls along more familiar partisan lines.
☆ Retired military officials are finding high-paying jobs with the Saudi government and can make up up to 7-figure salaries working for other foreign governments: WaPo
  + stars: | 2022-10-19 | by ( Lloyd Lee | ) www.businessinsider.com   time to read: +5 min
Hundreds of retired military officials took jobs in foreign governments since 2015, per WaPo report. Still, dozens of military personnel have accepted jobs contracted from Saudi Arabia since Khashoggi's killing. In an interview with The Post, Jones said that he was encouraged by the Trump administration to accept more contracts from the country's Defense Ministry. Eight are retired generals and admirals, and 32 are former lower-ranking military personnel, The Post reported. The Post also reported that some people negotiated jobs with foreign governments during active service.
☆ This stock market rally has some staying power but there's one big obstacle
  + stars: | 2022-10-18 | by ( Patti Domm | In | ) www.cnbc.com   time to read: +6 min
As yields rose from just under 4% Tuesday morning, the stock market rally lost some steam. That should help stocks rally into year end, but he expects the yield to rise again next year, challenging the market. But he is encouraged by the strength of the rally and says there's a chance this could be the start of a new bull market. "You could always side conservatively and assume it's a bear market rally," he said. But he is also watching the market day-to-day, and expects it is in a bear market rally, rather than a new bull trend.
☆ This 'textbook bottom' presents an opportunity for long-term investors, says Oppenheimer's Ari Wald
  + stars: | 2022-10-17 | 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 EmailThis 'textbook bottom' presents an opportunity for long-term investors, says Oppenheimer's Ari WaldAri Wald, Oppenheimer head of technical analysis, joins 'The Exchange' to give his technical take on the market.
☆ Democrats are still struggling to make their campaigns look like their voters
  + stars: | 2022-10-12 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Seitz-Wald-Circle-Byline-Template.Jpg | Alex Seitz-Wald | ) www.nbcnews.com   time to read: +4 min
“If, especially, Democratic campaigns had staff at all levels that looked more like the people they are trying to reach, they would be more effective in reaching those people. White staffers hold more than two-thirds of management roles on Democratic campaigns, Laurison said. Meanwhile, about 80% of communications operatives on Democratic campaigns are white. “There’s real sorting within campaigns by race,” Laurison said. But Laurison noted that the world of political campaigns is both unstable and insular, while it offers little pay for staffers.
☆ The market is flashing signs that a new bottom is forming and stocks could be poised for a fresh rally, Oppenheimer head technical analyst says
  + stars: | 2022-10-11 | by ( Jennifer Sor | ) www.businessinsider.com   time to read: +2 min
Markets are showing signs that stocks are nearing a bottom, Oppenheimer's Ari Wald said. Wald pointed to resilience in small cap stocks amid a sell-off in the S&P 500. The technical signal is the opposite of what would flash at a market top and means a new rally could be near. But that fallout hasn't been seen in small cap stocks, Wald said in an interview with CNBC on Tuesday – which could be a signal that a new rally is in the cards. Typically at a market top, S&P 500 makes a higher high, small caps make a lower high," he added.
☆ There are signs that a longer-term market bottom is forming, says Oppenheimer's Wald
  + stars: | 2022-10-10 | 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 EmailThere are signs that a longer-term market bottom is forming, says Oppenheimer's WaldAri Wald, Oppenheimer managing director, joins 'The Exchange' to discuss an area of relative outperformance in equities, if it's time to invest in the Russell 2000 and more.
☆ History shows the market should be bottoming soon, and inflation data could be catalyst
  + stars: | 2022-10-10 | by ( Patti Domm | In | ) www.cnbc.com   time to read: +4 min
If the stock market is going to follow its historic pattern during a midterm election year, it would be bottoming just around now. "Typically, it's after Oct. 9 that you start to see some better performance," said Ari Wald, technical analyst at Oppenheimer. The analyst said that date was the average day the market bottomed in the last eight mid-term election years, going back to 1990. "Investors should moderate their expectations for US equity valuations; history shows these contract during periods of high volatility." "Generally our view is that the rate market is trading more off Fed policy and the Fed's commitment to fight inflation rather than the actual threat of inflation.
☆ Why Saudi Arabia defied the US over OPEC oil supply cut
  + stars: | 2022-10-07 | by ( Nadeen Ebrahim Abbas Al Lawati | Nadeen Ebrahim | Abbas Al Lawati | ) edition.cnn.com   time to read: +14 min
On Wednesday, OPEC+, the oil cartel led by Saudi Arabia and Russia, agreed to slash production by 2 million barrels per day, twice as much as analysts had predicted, in the biggest cut since the Covid-19 pandemic. “Saudi Arabia is looking to head off a repeat of 2008 when the market crash sent the global economy into a recession and oil prices suddenly plummeted, requiring emergency action by OPEC,” said Wald. Analysts also say Saudi Arabia cannot afford to let oil prices go below a certain level for budgetary reasons. For its budget to break even, global oil prices must be at around $79 a barrel, according to the International Monetary Fund. That was a warning sign for Saudi Arabia and other oil exporters, who depend on oil for a majority of their revenue.
☆ Take no prisoners: In the Fed’s inflation fight, no one is spared
  + stars: | 2022-09-26 | by ( Christine Romans | ) edition.cnn.com   time to read: +5 min
Global central banks are jacking up interest rates with no end in sight until high inflation is vanquished. The Federal Reserve is aggressively fighting inflation by lifting its benchmark interest rate five times so far this year. There isn’t.”Higher interest rates make life more expensive for anyone who borrows money. The higher rates ding home affordability but also might be holding back home sales. Higher interest rates make financing a car — when you can find one — even more expensive.
☆ Stocks could continue skittish trading until interest rate move calms down
  + stars: | 2022-09-23 | by ( Patti Domm | In | ) www.cnbc.com   time to read: +6 min
The S & P 500, Dow and Nasdaq were all down sharply for the week. The S & P was down 4.6%, ending the week at 3,693. Fed Vice Chair Lael Brainard , St. Louis Fed President James Bullard , San Francisco Fed President Mary Daly and Fed Governor Michelle Bowman are among the speakers. Other global central banks joined the Fed in raising rates, and interest rates around the world rose in tandem. If those levels break, the S & P could touch 3,385 before the selling is over, he said.
☆ Weakness in mega caps masks internal improvement, says Oppenheimer's Ari Wald
  + stars: | 2022-09-19 | 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 EmailWeakness in mega caps masks internal improvement, says Oppenheimer's Ari WaldOppenheimer Managing Director Ari Wald, joins 'The Exchange' to discuss retesting S&P lows, mega cap tech stocks dominating indexes, and understanding time horizons in the midst of a volatile market.
☆ The S&P 500 could retest its bear market low as Fed meeting looms, according to chart analysts
  + stars: | 2022-09-19 | by ( Patti Domm | In | ) www.cnbc.com   time to read: +4 min
With the Federal Reserve meeting this week, stocks could be volatile, and technical analysts say the S & P 500 looks increasingly set for a retest — and possible break — of its June low. In the past week, t he S & P 500 declined 4.8%, closing at 3,873, in its worst weekly performance since June. Wald now says a dip to 3,500 on the S & P 500 is possible. Jonathan Krinsky, chief market technician at BTIG, said the 3,900 level was important and the area on the S & P 500 where the most volume traded over the last three years. The Oppenheimer technical analyst notes that the S & P 500 has typically bottomed around Oct. 9, before launching into a strong rally into year-end, based on the average composite of the last eight mid-term election years.
☆ Why the current oil boom for Arab states may be their last
  + stars: | 2022-09-19 | by ( Nadeen Ebrahim | ) edition.cnn.com   time to read: +11 min
During previous oil booms, Gulf states were seen as squandering their wealth on wasteful and inefficient investments, building sprees and buying weapons, as well as handouts to citizens . Gulf states appear to be working on diversifying. Since the last oil boom that ended in 2014, four of the six Gulf states have introduced value-added tax and the UAE has gone further by starting a corporate income levy . None of the Gulf states have an income tax. Critics counter that it is in the oil exporters' interest to push that narrative, but oil states have pointed to the rise in crude demand that coincided with the removal of Covid-19 restrictions around the world.
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