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☆ As stocks surge, some chart signals have been looking better despite lingering risks
▼ + stars: | 2023-02-02 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

Fed Chairman Jerome Powell triggered a surge in stocks when he spoke Wednesday , taking the S & P 500 into a new range. Redler expects a near term peak for the S & P 500 could be around 4,200-4,220. The S & P 500 and Nasdaq were both higher Thursday, as the 10-year Treasury yield continued its slide to a low of 3.35%. He's watching the growing number of three-month highs in the Russell 1000 and S & P 600 , which are now outpacing the new highs in the S & P 500. The VIX is based on puts and calls in the S & P 500.

☆ Disney board exposed itself to activist intervention, but Peltz may be overreaching
▼ + stars: | 2023-01-12 | by ( Alex Sherman | ) www.cnbc.com time to read: +5 min

Disney's share price spike in 2021 was caused by the same phenomenon — investors charging into streaming services with significant subscriber growth. Activist investor Nelson Peltz spent about 30 minutes Thursday morning speaking with CNBC's Jim Cramer and David Faber in a wide-ranging interview about why he wants a Disney board seat. Now Iger's back, and the Disney board has tasked him with finding a successor in the next two years. It's a far easier case to be made that Disney's board and Iger have consistently bungled succession planning. As Trian noted in its presentation (on Slide 28), the Disney board extended Iger's retirement date five different times between October 2011 and December 2017.

☆ Fed's Cook says time nearing to hike rates in smaller steps
▼ + stars: | 2022-11-30 | by ( Michael S. Derby | ) www.reuters.com time to read: +2 min

"Given the tightening already in the pipeline, I am mindful that monetary policy works with long lags," she said. Cook was speaking two weeks before the Fed is due to release its next policy statement. The central bank has moved its short-term target rate up swiftly this year, from the near-zero level in March to the current 3.75%-4.00% range. But Fed officials have said in recent comments and other communications that, as they near a final destination for rate rises, it would be a good idea to slow down. Cook said the current pace of wage gains is above levels consistent with the Fed's 2% inflation target.

CNN Business —The Federal Reserve could pull back on the pace of its aggressive rate hikes as soon as December, Fed Chairman Jerome Powell said Wednesday at an economic forum. The most recent Job Openings and Labor Turnover Survey showed Wednesday that there were almost 1.7 jobs available for every job seeker in October. The decline in job openings is a positive development, Powell said Wednesday. And the rate hikes could be doing more harm than good. Since rate hikes can take months, even years, to flow through the economy, the Fed now appears to be adopting a “lower and slower” model of smaller rate hikes over a longer period.

☆ Treasury yields slip as investors assess impact of China’s Covid policy
▼ + stars: | 2022-11-29 | by ( Sophie Kiderlin | ) www.cnbc.com time to read: +1 min

The yield on the benchmark 10-year Treasury yield was last down by around 4 basis points to 3.661% at 6:31 a.m. The 2-year Treasury yield was last trading at around 4.434% after dipping by more than 3 basis points. U.S. Treasury yields pulled back on Tuesday as investors closely watched Covid developments in China and digested comments from Federal Reserve officials on monetary policy plans. Investors closely followed Covid developments in China as uncertainty about the country's economic reopening has spread in recent weeks. Speaking at a virtual event hosted by the Economic Club of New York on Monday, New York Fed president John Williams said the central bank had to continue hiking rates for now.

☆ What protests in China may mean for the economy
▼ + stars: | 2022-11-29 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

New York CNN Business —Protests against China’s prolonged and restrictive Covid regulations spread across the country over the weekend. Oil plunged and hit 2022 lows on Monday, while shares of companies that rely on China for production felt the heat. Oil prices dropped sharply, with investors concerned that surging Covid cases and protests in China may sap demand from one of the world’s largest oil consumers. They don’t want to end their covid policy but they also want to ensure that the political unrest doesn’t grow. This week is chock full of important economic data releases, many of which will help guide the Fed’s next interest rate hike decision in December.

☆ Fed could cut interest rates in 2024, Williams says
▼ + stars: | 2022-11-28 | by ( Michael S. Derby | ) www.reuters.com time to read: +3 min

"I do see a point probably in 2024 that we'll start bringing down nominal interest rates because inflation is coming down." While Williams pointed to some signs of progress in bringing down inflation, he said interest rates needed to rise further. "How high those rates need to be will depend on how the economy and inflation evolve," Williams said. The Fed has pushed through oversized 75-basis-point rate increases at its last four policy meetings, bringing the target rate to the current 3.75%-4.00% range. That's opened the door to the prospect the Fed could raise its target rate by 50 basis points at the next gathering.

☆ Disney is counting on Bob Iger to make hard decisions about its streaming and TV assets – or find someone who will
▼ + stars: | 2022-11-22 | by ( Alex Sherman | ) www.cnbc.com time to read: +4 min

Of course, while Iger said Disney was all-in on streaming, the reality was it wasn't, and it still isn't. Part of that shift was Disney's realization that it likely wasn't going to hit its target of 230 million to 260 million Disney+ subscribers by 2024. Disney shares have fallen nearly 40% this year. Disney shares surged during the pandemic even as theme parks closed and movies were kept out of theaters. "The old plan can't be the new plan," Greenfield said.

"Whatever (the Ukrainians) do, it will be carefully planned, kept secret and will likely be extremely well executed," Ingram added. Some residents in Kherson, meanwhile, are concerned about the risk of Russian shelling of the city once its forces regroup further east. "This Kherson fire support base becomes the anchor to support further manoeuvre by the left flank as it fights its way ... towards Mariupol, Berdyansk, and Melitopol." White House National Security Advisor Jake Sullivan told reporters on Friday that the United States would continue to support Ukraine militarily "to put Ukraine in the best possible position on the battlefield" and would not seek to tell it what to do. They still control large parts of Ukraine ... What we should do is strengthen Ukraine's hand," Stoltenberg added.

☆ More than 100,000 Russian soldiers were 'killed and wounded' and Ukraine's military 'probably' saw similar casualties since the invasion, according to Gen. Mark Milley
▼ + stars: | 2022-11-10 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +2 min

He estimated that more than 100,000 Russian soldiers were killed and wounded since the invasion. Two days ago, the Ukraine Armed Forces said that more than 77,000 Russian soldiers were killed. "You're looking at well over 100,000 Russian soldiers killed and wounded," Milley said, according to Reuters. The figure did not include wounded soldiers. Amid mounting death tolls, Russian Defense Minister Sergei Shoigu announced on Wednesday an order for Russian forces in Kherson to retreat across the Dneiper River.

WASHINGTON, Nov 9 (Reuters) - America's top general estimated on Wednesday that Russia's military had seen more than 100,000 of its soldiers killed and wounded in Ukraine, and added Kyiv's armed forces "probably" suffered a similar level of casualties in the war. Asked about prospects for diplomacy in Ukraine, Milley noted that the early refusal to negotiate in World War One compounded human suffering and led to millions more casualties. The United States and its NATO allies have stopped short of direct intervention in Ukraine, but are arming, advising and enabling its military to defend Kyiv against Russia's invading armies. Milley said the conflict so far had turned anywhere from 15 million to 30 million Ukrainians into refugees, and killed probably 40,000 Ukrainian civilians. Reporting by Phil Stewart and Idrees Ali; Editing by Sandra Maler and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

☆ Explainer: Blood, treasure and chaos: the cost of Russia's war in Ukraine
▼ + stars: | 2022-11-10 | by ( Guy Faulconbridge | ) www.reuters.com time to read: +6 min

Following are the main impacts of the war, now in its ninth month:* DEATHThe war has sown death on a level not seen in Europe since World War Two. Besides the military costs, the West has tried to punish Moscow by imposing severe sanctions - the biggest shock to Russia's economy since the 1991 collapse of the Soviet Union. Still the impact on Russia's economy is severe - and not yet fully clear. Shortly after Russia's invasion of Ukraine, international oil prices spiked to their highest levels since the records of 2008. In total, about 52 billion euros in military, financial and humanitarian aid had been pledged by Oct. 3 to Ukraine by countries around the world, according to The Kiel Institute for the World Economy.

Gretchen Whitmer defeated Republican challenger Tudor Dixon on Tuesday, securing her bid for re-election and keeping a Democrat atop the critical swing state, NBC News projects. But Whitmer held on, boosted by tens of millions of dollars in ad spending that Dixon, a former right-wing commentator endorsed by former President Donald Trump, never matched. Whitmer and Lt. Gov. Whitmer, who made the shortlist as Joe Biden searched for a running mate in 2020, has been the subject of future White House speculation. Despite Michigan's swing-state status, Republicans were slow to invest there and never caught up with the other side's spending.

☆ U.S. confirms it held talks with Kremlin over nuclear threat; Russians being pushed back in parts of Ukraine
▼ + stars: | 2022-11-08 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

Jake Sullivan, White House national security advisor, in Washington, D.C. on April 14, 2022. Sullivan met with Oscar Stenstrom, State Secretary for Foreign Affairs to the Prime Minister of Sweden, to discuss the security situation in Europe in view of Russia's invasion of Ukraine. White House national security advisor Jake Sullivan confirmed Monday that lines of communication between the U.S. and Russia remain open, confirming a report that the U.S. has held talks with the Kremlin recently in a bid to dial down tensions around the potential use of nuclear weapons in Ukraine. The comment came after the Wall Street Journal reported Sunday that Sullivan had held undisclosed talks with top Russian officials in a bid to de-escalate tensions over the possible use of nuclear weapons. The WSJ newspaper cited U.S. and other Western officials as saying that Sullivan held confidential conversations recently with Kremlin aide Yuri Ushakov and Russian Security Council secretary Nikolai Patrushev that were not disclosed publicly.

☆ Stocks crashed 50% in the 2008 crisis. Here's how bad Jamie Dimon, Nouriel Roubini, Michael Burry, and other top commentators see it getting in the next recession.
▼ + stars: | 2022-10-29 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +7 min

Here's how bad a the next downturn could hit the stock market, according to five top experts. The stock market cratered from 2008-2009, with the Dow Jones Industrial Average ending at a low of 6,594 in March 2009, down more than 50% from its peak before the recession. With warning signs piling up, here's what five experts have to say about the next recession and what's in store for the stock market. "This is just the beginning of that pain," Roubini said of a potential repeat of the 2008 recession. He's voiced concerns about financial stability, warning markets that the Fed could "break something" on the way to reducing inflation.

☆ Morgan Stanley is set to report third-quarter earnings —here’s what the Street expects
▼ + stars: | 2022-10-14 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

Morgan Stanley CEO James Gorman participates in a conversation-style interview with Economic Club of Washington in Washington September 18, 2013. Morgan Stanley is set to report third-quarter earnings before the opening bell on Friday. That's the question for Morgan Stanley, whose investment banking, trading and wealth management operations are all impacted by the vagaries of the market. While analysts expect the bank's wealth management and investment management divisions – responsible for half of the firm's revenue – will hold up better than investment banking, lower asset values will reduce revenue there as well. Wells Fargo and Citigroup are also scheduled to report results Friday, followed by Bank of America on Monday and Goldman Sachs on Tuesday.

☆ Fed's Mester says central bank has yet to make a dent in inflation
▼ + stars: | 2022-10-11 | by ( Michael S. Derby | ) www.reuters.com time to read: +4 min

“Despite some moderation on the demand side of the economy and nascent signs of improvement in supply-side conditions, there has been no progress on inflation,” Mester said. At its September policy meeting officials raised their federal funds target rate range to between 3% and 3.25% and penciled in more increases into next year, eyeing a 4.6% federal funds rate. The fed funds target was at near zero levels in March and recent Fed increases have been in increments of 0.75 percentage point, which is much larger in size than changes over recent decades. When it comes to the path the Fed has been on, "I don’t think it’s aggressive relative to where inflation is and how fast inflation has moved up." Mester said that inflation should come down to 3.5% by next year and back to the Fed’s 2% target in 2025.

☆ White House's Deese, asked about UK's economic plans, underscores need for 'fiscal prudence'
▼ + stars: | 2022-09-28 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, Sept 27 (Reuters) - White House economic adviser Brian Deese on Tuesday said he was not surprised by the negative reaction of financial markets to Britain's fiscal plans, including tax cuts, and underscored the need to maintain "fiscal prudence, fiscal discipline." Deese, speaking at an event hosted by the Economic Club of Washington, said Britain's plans during a cycle of monetary tightening had put the monetary authorities in a position of potentially having to tighten even further. The International Monetary Fund on Tuesday took aim at Britain's fiscal plans after the British pound hit an all-time low, citing high inflation, and urged London to consider more targeted support to affected families and businesses. Register now for FREE unlimited access to Reuters.com RegisterReporting by Andrea Shalal; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

☆ Salesforce co-CEO Benioff says there's 'no finish line when it comes to security' after Uber hack
▼ + stars: | 2022-09-20 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Marc Benioff, founder, chairman and co-CEO of Salesforce, speaks at an Economic Club of Washington luncheon in Washington on October 18, 2019. Salesforce co-CEO Marc Benioff said the cloud software company has much more to do in the area of cybersecurity following an attack at Uber involving Salesforce's Slack chat app. "There's no finish line when it comes to security and social engineering," Benioff said during a press conference at Salesforce's Dreamforce conference in San Francisco on Tuesday. Most of the company's engineering team works on security and trust, said Bret Taylor, Salesforce's other co-CEO. WATCH: Salesforce was born in the 2001 recession, says chairman and co-CEO Marc Benioff

☆ Jeff Bezos and Lauren Sanchez have weathered a tabloid scandal, a possible iPhone hack, and even a trip to space. Here's where their relationship began and everything that's happened since.
▼ + stars: | 2022-08-14 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +1 min

Bezos speaks at the Economic Club of Washington DC on September 13, 2018. Reuters/Joshua RobertsBezos wrote that the publisher had been threatening him with the publication of explicit photos he'd taken of himself unless he stopped investigating who was leaking his photos and texts to the tabloid. AMI also demanded that Bezos no longer claim the publisher's investigation into his personal life was influenced by political motivations, Bezos wrote. The "Saudi angle" of Bezos' own investigation into the leaks seemed to have "hit a particularly sensitive nerve" with Pecker, Bezos wrote. For its part, the Saudi Arabian government denied any role in the situation and called the whole saga a "soap opera."

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