fed rates

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:

(1) Bloomberg Economics' Fed sentiment index — powered by a natural language processing algorithm based on more than 60,000 Fed headlines — shows that in December, Powell delivered a major pivot. By hinting at a swifter shift toward rate cuts, he gave markets a boost and helped the economy dodge a downturn.

(2) The yen swung in holiday-thinned market conditions, punching through 160 per dollar to touch its weakest in 34 years before erasing all its losses for the day and rebounding strongly.

(3) Scotland's First Minister Humza Yousaf may step down, according to UK media reports. The Sunday Times says he's preparing to resign today, but the BBC says the SNP leader has not yet made a final decision on his position.

(4) Elon Musk's surprise visit to China appears to have paid immediate dividends, with Tesla Inc. clearing two key hurdles to introduce its driver-assistance system to the world's biggest auto market.

(5) British taxpayers are paying more and more for a planning system buckling under the strain of years of under funding and increasingly strident NIMBYism. 

See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

• In the US – a preview of U.S PCE and GDP data, and a look ahead to Carnival earnings.
• In the UK -  a look at challenges for Europe’s chocolate industry ahead of Easter.
• In Asia -  a preview of BYD and China bank earnings.
  
  

See omnystudio.com/listener for privacy information.

“More good data” is what the Fed wants to see before it declares victory over inflation and cuts interest rates. The central bank looks at a lot of data from different sources.  And as the economy changes, so do the Fed’s preferences regarding the facts and figures that inform its decisions. Plus, Intel secures $8.5 billion in CHIPS Act funding, Alaska faces looming gas shortages and e-waste holds troves of scarce resources.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

• In the US -  a preview of next week’s Fed decision and Nike earnings.
• In the UK -  a preview of the UK’s next rate decision.
• In Asia -  a look ahead at the RBA’s next monetary policy decision & Tencent earnings.

See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

• In the US – a preview of U.S CPI and Retail sales data, and a look ahead to earnings from Adobe and Oracle.
• In the UK -  a look ahead to a major real estate conference on the French riveria

In Asia – a preview of Hon Hai and CATL earnings.

See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Federal Reserve policymakers agreed last month that it would be appropriate to maintain a restrictive stance “for some time,” while acknowledging they were probably at the peak rate and would begin cutting in 2024.

(2) Iran said attacks that killed almost 100 people in the central part of the country were carried out to punish its stance against Israel, the latest sign that the war between the Jewish state and Hamas risks widening into a broader regional conflict.

(3) The glitzy Victoria Square development, boasting two skyscrapers and a new Hilton Hotel, was to be a new landmark for the London commuter town of Woking. Instead, it stands as a monument to how financial bets by local councils can go badly wrong.

(4) Several previously confidential documents related to Jeffrey Epstein were made public in federal court in New York after a yearslong battle over their release.

(5) UK businesses are keeping their investment plans on ice because of high debt-servicing costs and a stagnant economy, according to the British Chamber of Commerce. 

See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US - we look ahead to Friday's December jobs report. Bloomberg Economics says the data should show job growth resuming its slowdown and the unemployment rate edging up.

In the UK -  consumers are feeling the pinch from the higher cost of living - but they're still spending enough to fuel London's restaurant and cultural scenes. The weaker pound versus the dollar has also helped attract more big-spending tourists, particularly from the US. We check in on the restaurant scene. 

In Asia -  as 2023 comes to a close, we take a look at what's ahead for markets in China, India and Japan in 2024. 

In Washington - while our attention is focused on the presidential election in 2024, a possible government shutdown and other disruptions loom.

See omnystudio.com/listener for privacy information.

The Federal Reserve held interest rates steady, and people are now being allowed to cross the border from Gaza into Egypt. Plus, competition for foreign investment in electric vehicles is pitting the US southeast against the automotive heartland of the Midwest. 

Mentioned in this podcast:

US Federal Reserve holds interest rates at 22-year high

Egypt allows first evacuee departures from Gaza

Can America’s south-east unseat Detroit as ‘Motown’ of the EV age?

Investing in America live

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

On today's podcast:

1) Israeli military report dozens killed and wounded at a Gaza refugee camp, stoking concerns about the mounting toll from weeks of fighting.

2) US Secretary of State Antony Blinken is set to head back to Israel as both nations explore options for the future of the Gaza Strip.

3) The Federal Reserve is poised to hold interest rates steady at a 22-year high for a second meeting, while leaving open the possibility of another hike as soon as December with economic growth staying resilient.

4) Rishi Sunak pitches himself as a clean break from the chaotic leadership of his two immediate predecessors as prime minister for both the UK and his governing Conservative Party. Instead, he’s getting dragged back into the mire over his role in the country’s chaotic response to the coronavirus pandemic.

See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast:

1) Trump Surrenders in Atlanta on 2020 Election Probe Charges
2) Powell Speaks at Jackson Hole
3) Putin Probably Approved Prigozhin Killing, US, UK Say

See omnystudio.com/listener for privacy information.

In this episode, Patrick Bet-David is joined by Vincent Oshana, Adam Sosnick, and Tom Ellsworth. They will discuss the most important political, economic, and business topics in the news cycle. Protect yourself against CBDC control with - American Hartford Gold https://offers.americanhartfordgold.com/patrick-bet-david/ Text PBD to 65532 or call 866-939-6984 Get tickets for The PBD Town Hall with Vivek Ramaswamy, LIVE at 5990 on Friday, August 4th: https://bit.ly/3XWnTLn Get Your Tickets for The Vault 2023 NOW ⬇️⬇️ The BIGGEST EVENT in VT History! *TOM BRADY, MIKE TYSON & PATRICK BET-DAVID on one stage!* https://www.thevault2023.com/vault-conference-2023?el=YTPODHTEP Visit Our Website! https://valuetainment.com/ Subscribe to: Adam Sosnick - @ValuetainmentMoney Vincent Oshana - @ValuetainmentComedy Tom Ellsworth - @bizdocpodcast Want to get clear on your next 5 business moves? https://valuetainment.com/academy/ Join the channel to get exclusive access to perks: https://bit.ly/3Q9rSQL Download the podcasts on all your favorite platforms https://bit.ly/3sFAW4N Text: PODCAST to 310.340.1132 to get added to the distribution list Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller Your Next Five Moves (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida.

The debt limit is the big economic news story of the day, but yes, you *still need to keep an eye on inflation. The personal consumption expenditures price index, a measure of consumer spending, ticked up last month. That’s bad news if you were hoping interest rates, the tool the Federal Reserve uses to fight inflation, might come down soon. And, some musing on the nature of consequences: Three members of the far-right militia known as the Oath Keepers were recently sentenced to prison for their part in the Jan. 6 attack on the Capitol. Plus, we’ll play a round of Half Full/Half Empty!

Here’s everything we talked about today:

• • “Sedition Sentence for Oath Keepers’ Stewart Rhodes Marks Moment of Accountability” from The New York Times

• • “Jessica Watkins: Oath Keepers member and Army veteran sentenced to 8.5 years in prison for January 6” from CNN Politics

• • “US Inflation (PCE), Consumer Spending Pick Up in Sign of Economic Resilience” from Bloomberg

• • “The Fed’s favorite inflation gauge just heated up — and that could mean another rate hike” from CNN

• • “Atlanta Fed CEO on the debt limit debacle and curbing inflation” from Marketplace

• • “Band-Aid is the most trusted brand in the US, beating out Amazon and Visa” from Business Insider

• • “Netflix’s password-sharing crackdown is here — and it costs $7.99 per month” from The Verge

• • “The Restaurant QR-Code Menu Is Being Shown the Door” from The New York Times

• • “The steel sector is carbon-intensive. “Green steel” could be a game changer.” from Marketplace

• • “Admit it — you miss socializing at the office” from Marketplace

It’s the last day of our May fundraiser. Help us reach our goal and keep our newsroom running. Give now.

Join us in Seattle for a special live taping of “Make Me Smart” on June 9. You can find ticket information here.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you next week including the coming US inflation data, what the Bank of England will do next, President Biden and the debt-ceiling showdown, and how AI is sweeping through Asia. 

See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes.
On today's podcast:

1) Fed Ready to Raise Rates

2) Former Dallas Fed President Kaplan Urges Pause

3) US Regional Banks Come Under Pressure  

See omnystudio.com/listener for privacy information.

In this episode of Morning Wire, we break down the Federal Reserve’s decision to hike the funds rate, the causes of the current banking crisis and what it all means to the American consumer. Get the facts first on Morning Wire.

Genucel: Save 70% off the Most Popular Package plus a FREE Beauty Box! Genucel.com/WIRE

Jay Powell warned US lawmakers that the Federal Reserve is prepared to return to bigger interest rate rises to fight inflation, and the US gender pay gap has barely budged in the past two decades. Plus, the FT’s Ortenca Aliaj explains how Hindenburg Research may have shorted Adani stocks.

Mentioned in this podcast:

How did Hindenburg short Adani stock?

Jay Powell warns Fed is prepared to return to bigger interest rate rises

Women still struggling to close corporate America’s gender gap

Credit: C-SPAN Federal Reserve Chair Testifies on Monetary Policy and the Economy

Download the FT Edit app here: ft.com/ftedit

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. 

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.