Treasury yields fall as investors weigh state of U.S. economy
==========

U.S. Treasury yields fell on November 22, 2024, as investors assessed mixed economic data; 10-year Treasury yield down to 4.3982%, 2-year yield at 4.3345%; initial jobless claims at 213,000, below expectations; continuing claims rose to 1.908 million; Philadelphia Fed manufacturing index at -5.5, below estimate of +6.9; upcoming S&P Global PMI data and consumer sentiment report expected; Fed officials hint at potential interest rate cuts, with Chicago Fed President Austan Goolsbee advocating for more cuts but cautioning a slower pace.

#TreasuryYields #UsEconomy #JoblessClaims #FederalReserve #InterestRates #EconomicData #Pmi #Manufacturing #ConsumerSentiment #FinancialNews

https://www.cnbc.com/2024/11/22/us-treasurys-investors-weigh-state-of-us-economy.html 

 Trump tariffs to push down U.S. growth 'a great deal' going into 2026, Morgan Stanley warns
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Morgan Stanley's chief global economist Seth Carpenter warns that Donald Trump's proposed tariffs will significantly reduce U.S. economic growth into 2026; Trump plans a blanket tariff of 10% to 20% on all imports and 60% to 100% on Chinese goods; Carpenter indicates that if tariffs are enacted all at once, it could cause a 'big negative shock' to the economy; He predicts higher inflation and a decline in growth due to these tariffs and other policies; Mark Malek from Siebert highlights that sectors like automotive and consumer electronics will face increased costs; Current U.S. consumer price index rose 2.6% in October 2024; Potential tariffs could eliminate interest rate cuts for 2025.

#Trump #Tariffs #UsEconomy #MorganStanley #Inflation #SethCarpenter #EconomicGrowth #China #ConsumerElectronics #Automotive

https://www.cnbc.com/2024/11/20/trump-tariffs-to-push-down-us-growth-going-into-2026-morgan-stanley.html 

 Three Mile Island restart could mark a turning point for nuclear energy as Big Tech influence on power industry grows
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Three Mile Island nuclear power plant, dormant since 2019, plans to restart Unit 1 by 2028; Constellation Energy, owner since 2022, aims to supply power to Microsoft; restart costs estimated at $1.6 billion; Microsoft to purchase electricity for 20 years; restart could create 3,400 jobs; Unit 1 will provide 835 megawatts of carbon-free electricity; concerns linger due to 1979 accident; NRC monitoring required for restart; Constellation to file exemption request in November 2024; plant to be renamed Crane Clean Energy Center; electricity demand projected to surge 40% by 2039; PJM Interconnection warns of potential grid reliability issues.

#NuclearEnergy #ThreeMileIsland #ConstellationEnergy #Microsoft #Electricity #Restart #Jobs #GridReliability #BigTech #PjmInterconnection

https://www.cnbc.com/2024/11/16/three-mile-island-nuclear-turning-point-as-big-tech-influence-grows.html 

 Healthy Returns: AstraZeneca expands U.S. investment plan on confidence in economy
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AstraZeneca is increasing its U.S. investment by $2 billion, totaling $3.5 billion by 2026; the investment aims to create over 1,000 jobs; the announcement follows Donald Trump's election win; CEO Pascal Soriot cites confidence in the U.S. economy; the investment includes a new R&D center in Cambridge, Mass., and manufacturing plants in Maryland and Texas; AstraZeneca aims for $80 billion in revenue by 2030; the company acknowledges challenges from the Inflation Reduction Act but emphasizes the investment is based on economic confidence, not policy changes.

#Astrazeneca #Investment #UsEconomy #DonaldTrump #InflationReductionAct #Jobs #Pharmaceuticals #ResearchAndDevelopment #Manufacturing #Healthcare

https://www.cnbc.com/2024/11/13/healthy-returns-astrazeneca-boosts-us-investment-on-confidence-in-economy.html 

 What Trump's mass deportation plan would mean for immigrant workers and the economy
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President-Elect Trump plans mass deportation targeting undocumented and temporary workers; construction, housing, and agriculture sectors will be severely impacted; GDP could shrink by $1.1 trillion to $1.7 trillion; 11.3 million undocumented immigrants in the U.S., with 7 million working; mass deportation could create one million job openings; staffing agencies are concerned about talent availability; Trump aims to bring more businesses to the U.S.; mass deportation could cost $967.9 billion over a decade; construction industry could lose 14% of workers; agriculture could lose one in eight workers; delays in housing projects could extend from 18 months to five years; experts doubt feasibility of mass deportation due to economic impact.

#Trump #Deportation #Immigration #Economy #Labor #Construction #Agriculture #Gdp #Workforce #Policy

https://www.cnbc.com/2024/11/10/trumps-mass-deportation-plan-immigrant-workers-and-economy.html 

 CNBC Daily Open: U.S. elections in spotlight as polls open
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U.S. elections taking place on November 5, 2024; polls open on the East Coast; historical trend shows stocks usually rise post-election; Dow Jones down 0.61%, S&P 500 down 0.28%, Nasdaq down 0.33% on November 4, 2024; China reviews local government debt limit; weak revenue from China impacts U.S. firms like Apple and Starbucks; consumer confidence in equities at all-time high; markets may experience short-term volatility but typically recover within a month post-election.

#UsElections #StockMarket #ConsumerConfidence #China #Investing #DowJones #S&p500 #Nasdaq #Equities #LocalGovernmentDebt

https://www.cnbc.com/2024/11/05/cnbc-daily-open-us-elections-in-spotlight-as-polls-open.html 

 What a no-tax-on-tipped income president would mean for minimum-wage workers and the U.S. economy
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Donald Trump and Kamala Harris propose no federal taxes on tipped income; Nevada is a key swing state with high tipped worker population; 4 million tipped workers in the U.S. as of 2023, only 2.5% of total workforce; Trump's proposal made in Las Vegas on August 23, 2024; Harris made similar promise two months later; Critics argue the policy benefits a small fraction of low-wage workers; 37% of tipped workers faced no federal income tax in 2022; Proposed bills include Cruz's No Tax on Tips Act and Horsford's TIPS Act; Estimated fiscal impact of tax cuts ranges from $107 billion to $250 billion over 10 years; Debate on federal minimum wage expected in 2025; Union support for Harris's plan, skepticism towards GOP proposals.

#Taxes #MinimumWage #TippedWorkers #Trump #Harris #Nevada #Economy #Legislation #2024Election #Labor

https://www.cnbc.com/2024/11/04/no-taxes-on-tips-president-us-economy.html 

 Biden says Elon Musk was an 'illegal worker' when he began U.S. career
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President Joe Biden stated that Elon Musk began his U.S. career as an 'illegal worker' during a campaign event in Pittsburgh, Pennsylvania, on October 26, 2024. Biden's comments followed a Washington Post report detailing Musk's acquisition of a work visa in 1996 after working in the U.S. without one. Musk, now a Republican megadonor and Trump campaign surrogate, was criticized for his stance on immigration despite his own history. Biden highlighted that Musk was supposed to be in school on a student visa but was not. He also pointed out that illegal border crossings have decreased since Trump's presidency. Musk's first company, Zip2, sold for about $300 million in 1999, leading to his wealth and subsequent ventures like Tesla and SpaceX. Musk's net worth is approximately $230 billion, and he acquired Twitter for $44 billion in late 2022. Biden's remarks come amid ongoing debates about immigration policy, with Trump proposing significant changes, including deportations and revoking visas for certain groups.

#Biden #ElonMusk #Immigration #Trump #Pittsburgh #Zip2 #Tesla #Spacex #Politics #2024Election

https://www.cnbc.com/2024/10/26/biden-elon-musk-illegal-worker-began-career.html 

 CNBC Daily Open: High interest rate worries pressure stocks
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U.S. markets mixed on October 21, 2024; Nasdaq Composite rose while S&P 500 and Dow Jones fell, ending Dow's three-day winning streak; 10-year Treasury yield increased by almost 12 basis points to around 4.19%; Hyundai Motor India's shares fell over 5% on debut after IPO raised $3.3 billion; gold prices reached record high of $2,700 per ounce with predictions to hit $3,000 in 6-9 months; U.S. reviewing investment restrictions in key technologies in China, final rules expected soon; inflation decreased from 9.1% in June 2022 to 2.4% in September 2024; Minneapolis Fed President Neel Kashkari noted the economy's resilience despite rate hikes.

#Stocks #InterestRates #Gold #Economy #Ipo #Hyundai #TreasuryYield #Inflation #China #Biotechnology

https://www.cnbc.com/2024/10/22/cnbc-daily-open-high-interest-rate-worries-pressure-stocks.html 

 Here’s why inflation may look like it’s easing but is still a huge problem
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Inflation measures have eased, but high prices persist; food inflation surged 22% since early 2021; eggs up 87%, auto insurance up nearly 47%, gasoline up 16%; current debt delinquency rate at 2.74%, highest in 12 years; Fed's interest rate decision on Nov. 6-7; CPI inflation at 2.4% in September, down from 9.1% in June 2022; inflation first exceeded 2% in March 2021; median home price up 16% since Q1 2021; sticky price inflation at 4% in September; household debt at $20.2 trillion, up 19% since Q1 2021; small business credit card usage up 20% compared to pre-pandemic; 23% of small firms cite inflation as main problem; Fed cut interest rates by 50 basis points in September; markets indicate higher rates despite cuts; Atlanta Fed President Raphael Bostic considers a pause in cuts; Fed President Mary Daly emphasizes vigilance on inflation.

#Inflation #Economy #FederalReserve #Debt #ConsumerSpending #InterestRates #Cpi #Pce #Housing #SmallBusiness

https://www.cnbc.com/2024/10/19/why-inflation-may-look-like-its-easing-but-is-still-a-huge-problem.html 

 S&P 500 climbs to record as Nvidia pops to fresh all-time high: Live updates
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On October 17, 2024, the S&P 500 rose 0.3% to a new intraday record, driven by semiconductor stocks; Nvidia increased by 3% to an all-time high of $140.89, surpassing its previous high of $140.76 from June 20; Taiwan Semiconductor reported strong Q3 results, boosting its shares by 13% and Nvidia's performance; September retail sales rose 0.4%, exceeding the 0.3% forecast, with jobless claims lower than expected; Travelers stock surged 8% after beating Q3 expectations; 66 S&P 500 stocks reached new 52-week highs; Lucid shares fell over 15% after announcing a public offering; ECB cut its key deposit rate by 25 basis points to 3.25%; TS Lombard expressed confidence in central banks' ability to manage inflation.

#S&p500 #Nvidia #TaiwanSemiconductor #RetailSales #StockMarket #Ecb #Travelers #Lucid #EconomicData #Investing

https://www.cnbc.com/2024/10/16/stock-market-today-live-updates.html 

 CNBC Daily Open: The economy and inflation might stay strong
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On October 15, 2024, the Dow Jones Industrial Average closed above 43,000 for the first time, with the S&P 500 up 0.77% and the Nasdaq Composite rising 0.87%. Nvidia's stock reached a record high of $138.07, boosting Asian chip stocks. Fed Governor Christopher Waller indicated a potential slowdown in interest rate cuts due to strong economic data. Boeing's strike has cost over $1 billion, with CEO Kelly Ortberg announcing 17,000 job cuts and a delay in the 777X plane delivery until 2026. Deutsche Bank's Henry Allen warned of high inflation risks, while Bank of America’s Ohsung Kwon noted that strong retail sales could support the 'no landing' economic narrative.

#Economy #Inflation #StockMarket #FederalReserve #Boeing #Nvidia #RetailSales #InterestRates #Employment #GlobalMarkets

https://www.cnbc.com/2024/10/15/cnbc-daily-open-the-economy-and-inflation-might-stay-strong-.html 

 Trump to move fast on tariffs, says Wall Street firm, citing clients who met with ex-trade chief
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Robert Lighthizer, former U.S. Trade Representative, informs Wall Street that Trump could implement tariffs quickly if reelected; Trump proposes 60% tariffs on Chinese imports and 10% across-the-board tariffs; Lighthizer is a key advisor and potential cabinet member; Trump's tariffs are seen as a way to fund tax cuts and reshape the economy; Economists warn tariffs could raise prices and hurt GDP; Kamala Harris cites potential $4,000 tax increase for families due to tariffs; Trump claims tariffs will not raise consumer prices; Analysts expect quicker tariff implementation in a second Trump term.

#Trump #Tariffs #Lighthizer #Economy #2024Election #Harris #Trade #PiperSandler #China #Republican

https://www.cnbc.com/2024/10/12/trump-trade-tariffs-lighthizer-election-china.html 

 Dow rises more than 300 points, S&P 500 rises to record as market shakes off October malaise: Live updates
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On October 9, 2024, the Dow Jones Industrial Average surged 390 points (0.9%), while the S&P 500 and Nasdaq Composite rose 0.4% and 0.6%, respectively; technology stocks like Microsoft, Amazon, and Apple each gained 1%; the S&P 500 reached a new record; the Federal Reserve's September meeting minutes indicated a majority favored a half-point rate cut; the S&P 500 information technology sector gained over 30% year-to-date; the China Shenzhen Index fell 8.7%, marking its worst day since May 1997; earnings season begins on October 11 with JPMorgan Chase and Wells Fargo; Dallas Fed President Lorie Logan advocated for gradual rate cuts; Canaccord Genuity noted a potential fourth-quarter rally; 32 S&P 500 stocks hit new 52-week highs; the yield curve steepening raises concerns for stock market corrections.

#StockMarket #S&p500 #DowJones #TechnologyStocks #FederalReserve #China #EarningsSeason #Inflation #GeopoliticalConcerns #EconomicIndicators

https://www.cnbc.com/2024/10/08/stock-market-today-live-updates.html 

 CNBC Daily Open: Stocks’ choppiness in October can be an opportunity
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U.S. stocks rebounded on October 8, 2024, with major indexes rising; Nasdaq Composite led the rally, boosted by technology stocks; European Stoxx 600 index fell 0.55% due to China's anti-dumping measures on EU brandy; Crude oil prices dropped 4.63% amid geopolitical tensions; GM projects $13 billion to $15 billion in adjusted earnings for 2024; Hindenburg Research accused Roblox of misleading user metrics, which Roblox denied; Third-quarter earnings season begins with JPMorgan Chase reporting on October 11; S&P 500 rose 0.97% after a 0.96% drop; October is historically volatile, but experts suggest it presents buying opportunities; Robert Sluymer from RBC Wealth Management and Craig Johnson from Piper Sandler encourage investors to maintain perspective on long-term trends.

#Stocks #Investing #October #MarketAnalysis #Earnings #Technology #OilPrices #Roblox #Gm #EconomicOutlook

https://www.cnbc.com/2024/10/09/cnbc-daily-open-stocks-choppiness-in-october-can-be-an-opportunity.html 

 S&P 500 rebounds from Monday's decline as oil prices ease: Live updates
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On October 8, 2024, the S&P 500 gained 0.9%, Nasdaq Composite rose 1.3%, and Dow Jones added 130 points (0.3%) after a decline on Monday; oil prices dropped nearly 4% amid tensions in the Middle East; energy stocks fell nearly 3%, with Marathon Petroleum and Valero Energy down at least 4% each; technology shares saw gains, with Nvidia up 3% and Broadcom up 2%; Hurricane Milton expected to depress gasoline demand; gold prices fell for the fifth consecutive session; MSCI China ETF down 10.7%, marking its worst day since 2011; BTIG downgraded American Express to sell; U.S. trade deficit fell 10.8% in August to $70.4 billion; Federal Reserve Governor Adriana Kugler noted potential economic impacts from storms and geopolitical events.

#S&p500 #StockMarket #OilPrices #HurricaneMilton #Gold #ChinaEtf #AmericanExpress #TradeDeficit #FederalReserve #EconomicAnalysis

https://www.cnbc.com/2024/10/07/stock-market-today-live-updates.html 

 US Top News and Analysis
==========

Stock futures inch higher as traders await jobs report due later this week; Dow futures at 42,499.00 (-11.00, -0.03%); S&P futures at 5,757.75 (-2.50, -0.04%); NAS futures at 19,990.50 (-19.25, -0.10%); Biden won't intervene in port strike; Levi Strauss trims guidance; Citi names 3 U.S. stocks to benefit from China's stimulus; Israel may retaliate against Iran oil infrastructure; OpenAI valued at $157 billion; Tesla stock slips after missing delivery estimates.

#StockMarket #Futures #EconomicReport #LeviStrauss #Biden #Israel #Openai #Tesla #Citi #China

https://www.cnbc.com/ 

 S&P 500 is little changed as shaky October start continues on escalating Middle East tensions: Live updates
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The S&P 500 was little changed on October 2, 2024, adding 0.1% amid rising Middle East tensions; the Nasdaq Composite rose 0.2%, and the Dow Jones Industrial Average added 57 points; Tesla shares fell 3% after reporting 462,890 deliveries, below the expected 463,310; Nike shares dropped 6% after withdrawing full-year guidance; Humana's stock plummeted over 20% due to poor Medicare Advantage data; Richmond Fed President Thomas Barkin expressed caution about economic uncertainty; ADP reported 143,000 private payroll jobs added in September, exceeding expectations; energy stocks outperformed, with the Energy Select Sector SPDR Fund on track for its fourth straight winning day; oil prices rose nearly 3% due to fears of conflict escalation.

#S&p500 #MiddleEast #Tesla #Nike #Humana #OilPrices #Adp #Barkin #EconomicData #EnergyStocks

https://www.cnbc.com/2024/10/01/stock-market-today-live-updates.html 

 A historic strike is underway at U.S. ports — and the impact on global supply chains could be huge
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A dockworker strike at U.S. East and Gulf Coast ports began on October 1, 2024, affecting 14 major ports and involving about 45,000 workers from the International Longshoremen’s Association (ILA); the strike is over wages and automation, following failed negotiations with the United States Maritime Alliance (USMX) before a September 30 deadline; Peter Sand from Xeneta warns that over 40% of containerized goods enter the U.S. through these ports, leading to potential shortages of products like fresh fruit; Maersk predicts a one-week shutdown could cause recovery delays of four to six weeks; economist Bradley Saunders suggests President Biden may intervene to prevent major disruptions; the Taft-Hartley Act allows the president to suspend strikes for national health or safety concerns.

#Strike #Ports #SupplyChain #Economy #Labor #Shipping #Us #Ila #Maersk #Biden

https://www.cnbc.com/2024/10/01/what-a-lengthy-us-port-strike-could-mean-for-global-supply-chains.html 

 A historic strike is underway at U.S. ports — and the impact on global supply chains could be huge
==========

A dockworker strike at U.S. East and Gulf Coast ports began on October 1, 2024, affecting 14 major ports and involving about 45,000 workers from the International Longshoremen’s Association (ILA); the strike is over wages and automation, following failed negotiations with the United States Maritime Alliance (USMX) before a September 30 deadline; Peter Sand from Xeneta warns that over 40% of containerized goods enter the U.S. through these ports, leading to potential shortages of products like fresh fruit; Maersk predicts a one-week shutdown could cause recovery delays of four to six weeks; economist Bradley Saunders suggests President Biden may intervene to prevent major disruptions; the Taft-Hartley Act allows the president to suspend strikes for national health or safety concerns.

#Strike #Ports #SupplyChain #Economy #Labor #Shipping #Us #Ila #Maersk #Biden

https://www.cnbc.com/2024/10/01/what-a-lengthy-us-port-strike-could-mean-for-global-supply-chains.html 

 East and Gulf Coast ports strike, with ILA longshoremen walking off job, stranding billions in trade
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Approximately 50,000 ILA union longshoremen began striking at East Coast and Gulf Coast ports at 12:01 a.m. ET on October 1, 2024, after failing to reach a new contract agreement with USMX; the strike affects 14 major ports including New York/New Jersey and Charleston, handling 43%-49% of U.S. imports; ILA rejected a nearly 50% wage hike offer over six years; New York Governor Kathy Hochul emphasized the need for a fair agreement; the strike could cost the U.S. economy $3.78 billion per week, with significant impacts on food and automobile industries; the Biden administration is involved in negotiations but has ruled out using the Taft-Hartley Act to intervene; the last ILA strike occurred in 1977.

#Ila #Strike #Ports #Usmx #Economy #Trade #Labor #Wages #Biden #Shipping

https://www.cnbc.com/2024/10/01/east-coast-ports-strike-ila-union-work-stop-billions-in-trade.html 

 With ports strike imminent on East Coast, Gulf, truckers, rails are scrambling to move billions in cargo before midnight shutdown
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A strike by the International Longshoremen’s Association (ILA) is set to begin at 12:01 a.m. ET on October 1, 2024, affecting 14 major ports including New York/New Jersey, Baltimore, and Norfolk; nearly $14 billion in trade arrived at these ports last week, with $2.7 billion arriving on Friday alone; 54,456 TEUs were processed on Friday, valued at approximately $2.7 billion; the ILA represents 85,000 members and has suspended negotiations since June; the Biden administration has urged both parties to reach an agreement but will not intervene using the Taft-Hartley Act; a strike could cost the U.S. economy tens of billions of dollars, with potential daily impacts of $641 million for New York/New Jersey and $600 million for Virginia; major importers like Walmart, Amazon, and Anheuser-Busch are at risk of supply chain disruptions; logistics executives warn that delays could worsen post-strike, echoing past supply chain breakdowns during COVID-19.

#Ports #Strike #Economy #Logistics #Trade #Shipping #Ila #BidenAdministration #SupplyChain #Importers

https://www.cnbc.com/2024/09/30/ports-strike-truckers-rails-billions-in-cargo-shutdown.html 

 Are immigrants taking jobs from 'native' U.S. workers? Here's what economists say
==========

Immigration is a key issue in the 2024 U.S. presidential election; Donald Trump claims immigrants take jobs from U.S.-born workers; 82% of Trump supporters view immigration as very important; Pew Research Center surveyed 9,720 U.S. adults from Aug. 26 to Sept. 2, 2024; economists argue immigrants benefit the economy and job market; a 2020 NBER study found immigrants are 80% more likely to become entrepreneurs; CBO predicts a $8.9 trillion GDP increase from immigration over the next decade; immigrants made up 14% of the U.S. population in 2022; undocumented immigrants accounted for 3.3% of the total U.S. population; net immigration expected to be 8.7 million higher from 2021 to 2026; immigrant labor helped alleviate staffing shortages and inflationary wage pressures; consensus among economists is that immigration does not significantly affect overall employment levels; George Borjas' study on the Mariel boatlift found wage drops for high school dropouts; contrasting views exist among economists regarding the impact of immigration on wages; native workers and immigrants often complement each other in job roles.

#Immigration #Economy #Jobs #Trump #2024Election #LaborMarket #Wages #Economists #Gdp #PewResearch

https://www.cnbc.com/2024/09/28/are-immigrants-taking-jobs-from-us-workers-heres-what-economists-say.html 

 S&P 500 rises to record on solid economic data, tech stock gains: Live updates
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On September 26, 2024, the S&P 500 rose 0.2% to a record high, driven by a 17% surge in Micron Technology following strong quarterly results and guidance. The Nasdaq Composite increased by 0.3%, and the Dow Jones Industrial Average gained 202 points (0.4%). Weekly jobless claims fell to 218,000, and durable goods orders remained unchanged, supporting a steady economy. The S&P 500 has reached all-time highs over 20% of trading days in 2024. Super Micro Computer shares dropped over 10% amid a DOJ investigation. Wells Fargo predicts Fed rate cuts could boost market opportunities in 2025, while Trump’s trade proposals may increase inflation.

#S&p500 #MicronTechnology #EconomicData #StockMarket #DowJones #Nasdaq #WellsFargo #Trump #Inflation #SuperMicroComputer

https://www.cnbc.com/2024/09/25/stock-market-today-live-updates.html 

 Kamala Harris likely to win election, despite Trump being better on inflation, economy: CNBC CFO survey
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A CNBC survey reveals 55% of CFOs believe Kamala Harris will win the presidential election, a shift from Q2 when 58% believed Trump would win; 55% of CFOs think Trump is better on inflation and the economy, while only 17% favor Harris's economic plan; the survey was conducted from August 19 to September 19, 2024, with 31 CFOs responding; Harris is focusing on middle-class economic opportunities and has received support from business leaders like Mark Cuban; Trump proposes expanding R&D tax credits; CFOs expect a divided government post-election, with 74% predicting split control.

#KamalaHarris #DonaldTrump #CfoSurvey #Economy #Inflation #2024Election #Business #Polling #R&dTaxCredits #Politics

https://www.cnbc.com/2024/09/26/harris-trump-election-inflation-economy-cnbc-cfo-survey.html 

 Treasury yields rally as investors await Fed speeches and a fresh batch of economic data
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U.S. Treasury yields increased on September 24, 2024; 10-year Treasury yield rose to 3.791%, 2-year yield to 3.605%; yields and prices inversely related; 10-year yield up almost 8 basis points after Fed's 50 basis point rate cut; Minneapolis Fed President Neel Kashkari anticipates slower rate cuts; Fed Governors Michelle Bowman and Adriana Kugler to speak on economic outlook; July home prices, September consumer confidence, and Richmond Fed surveys data to be released on September 24.

#TreasuryYields #FederalReserve #EconomicData #InterestRates #Investing #Finance #MarketTrends #UsEconomy #NeelKashkari #FedSpeeches

https://www.cnbc.com/2024/09/24/us-bonds-treasury-yields-in-focus-amid-economic-data-fed-speeches.html 

 Stock futures little changed after Dow closes at a fresh record: Live updates
==========

U.S. stock futures were little changed on September 24, 2024, after the S&P 500 and Dow Jones Industrial Average reached new record closes; Dow futures slipped 23 points (0.05%), S&P 500 futures inched down 0.06%, and Nasdaq 100 futures fell 0.1%; S&P 500 rose 0.28% and Dow added 0.15% on September 23, 2024; Federal Reserve cut interest rates by 0.5%, now at 4.75%-5.00%; Paul Hickey noted four S&P 500 sectors outperforming in 2024; Quincy Krosby warned of potential market volatility; Richard Bernstein predicts small caps will outperform the 'Magnificent Seven'; AutoZone and KB Home expected to report quarterly results on September 24.

#StockMarket #DowJones #S&p500 #FederalReserve #InterestRates #SmallCaps #EconomicData #Trading #Investing #MarketVolatility

https://www.cnbc.com/2024/09/23/stock-market-today-live-updates.html 

 Fed meeting live updates: Watch Chair Jerome Powell explain the Fed’s decision for a big rate cut
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The Federal Reserve cut interest rates by 50 basis points on September 18, 2024, lowering the target range to 4.75% to 5%. Fed Chair Jerome Powell stated that the economy is in 'good shape' and emphasized the goal of restoring price stability without increasing unemployment. Powell noted broad support for the decision despite dissent from Fed Governor Michelle Bowman, who preferred a smaller cut. The Fed's projections indicate a gradual reduction in rates, with expectations of 4.4% by the end of 2024 and 3.4% by 2025. Powell described the rate cut as a 'recalibration' of policy and cautioned against assuming a new pace of cuts. Investors expressed concerns that the cut may have been too aggressive given the current economic strength, with unemployment at 4.2% and GDP growth at 3.0%. The S&P 500 and Dow reached all-time highs following the announcement.

#FederalReserve #InterestRates #JeromePowell #EconomicPolicy #RateCut #WallStreet #Inflation #Unemployment #FinancialMarkets #Investing

https://www.cnbc.com/2024/09/18/fed-meeting-live-updates-traders-await-september-interest-rate-cut.html 

 Harris pledges to 'earn the vote' of Black men, as Trump makes gains
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Vice President Kamala Harris outlined economic proposals aimed at young Black men during a panel with NABJ journalists on September 17, 2024; she emphasized the need to earn their votes rather than assume support; a recent NAACP poll indicated over 25% of Black men under 50 support Trump; Harris highlighted her economic opportunity tour and efforts to increase funding for community banks; proposed initiatives include a $50,000 small business tax deduction and removing medical debt from credit scores; Trump faced backlash for comments on Harris' racial identity during his NABJ interview in July; NBC News polling showed 25% of Black voters aged 18 to 49 favored Trump over Biden; Biden won 92% of Black voters in the 2020 election; economic concerns have shifted voter sentiment towards Trump.

#KamalaHarris #DonaldTrump #BlackVoters #Naacp #Economy #2024Election #Nabj #Politics #Voting #SmallBusiness

https://www.cnbc.com/2024/09/17/harris-black-men-trump-vote-election-nabj.html 

 Dow closes nearly 500 points higher in rebound from Wall Street’s worst week of 2024: Live updates
==========

On September 9, 2024, the Dow Jones Industrial Average surged 484.18 points (1.2%) to close at 40,829.59, rebounding from a loss of over 1,200 points the previous week; the S&P 500 gained 1.16% to end at 5,471.05, marking its worst week since March 2023; the Nasdaq Composite rose 1.16% to 16,884.60, recovering from its worst week in over two years; investors are optimistic about a potential Federal Reserve rate cut on September 18, 2024; key inflation reports are expected on September 11 and 12; sectors like technology, retail, and banks saw significant gains; analysts predict a 25 basis point cut from the Fed, with Barclays stating the job market isn't weak enough for a larger cut; ResMed shares rose after Apple announced a sleep apnea feature in its new watch; Palantir and Dell stocks jumped after being added to the S&P 500; small-cap stocks are outperforming, indicating potential economic challenges ahead.

#DowJones #S&p500 #Nasdaq #FederalReserve #Inflation #StockMarket #Technology #Retail #Banks #EconomicOutlook

https://www.cnbc.com/2024/09/08/stock-market-today-live-updates.html 

 The 'vibecession' is ending as the U.S. economy nails a soft landing, economists say
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The U.S. economy is reportedly moving towards a soft landing, ending the 'vibecession' characterized by a disconnect between economic performance and consumer sentiment; economists like Brett House and Michael Pearce note improving consumer confidence as inflation cools and the Federal Reserve prepares to lower interest rates; the personal consumption expenditures price index rose 2.5% year-over-year in July; unemployment rate is at 4.2%, trending higher; markets predict a 100% chance of Fed rate cuts on Sept. 17-18; Goldman Sachs reduced recession probability from 25% to 20%; the last recession was in early 2020; House warns that recessionistas will eventually be right, but not in the near term.

#Economy #Vibecession #Inflation #FederalReserve #ConsumerSentiment #Recession #SoftLanding #EconomicData #InterestRates #GoldmanSachs

https://www.cnbc.com/2024/09/09/the-vibecession-is-ending-economists-say.html 

 U.S. job market slows, but it's not yet a 'three-alarm fire,' economist says
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Employers added 142,000 jobs in August 2024, below expectations; unemployment rate fell to 4.2% from 4.3% in July; job growth has slowed significantly over the past year; average job growth over the past three months is 116,000, down from 211,000 a year ago; private-sector job growth outside healthcare is averaging 39,000 over the past three months; workers quitting jobs at lowest rate since 2018; job openings at lowest since January 2021; economists warn of potential recession if labor market continues to cool; Nick Bunker from Indeed states it's not a 'three-alarm fire' yet; permanent layoffs remain stable, indicating employers are retaining workers; Federal Reserve expected to cut interest rates soon, which may help the economy.

#JobMarket #Economy #Unemployment #Recession #FederalReserve #Employment #InterestRates #LaborMarket #EconomicOutlook #JobGrowth

https://www.cnbc.com/2024/09/06/august-2024-jobs-report-labor-market-slows-but-not-yet-a-panic.html 

 2-year Treasury yield falls as investors fret over economic outlook
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U.S. Treasury yields decline as investors assess economic outlook; 10-year Treasury yield at 3.8082%, 2-year Treasury yield at 3.8363%; manufacturing production data indicates sector weakness; recession fears arise after July jobs report; August jobs report due Friday; Fed meeting later this month expected to discuss interest rate cuts; Nvidia experiences a $279 billion market cap loss, impacting global chip stocks.

#TreasuryYields #EconomicOutlook #Nvidia #InterestRates #JobsReport #Manufacturing #RecessionFears #FederalReserve #MarketData #Investing

https://www.cnbc.com/2024/09/04/us-treasurys-falls-as-investors-fret-over-economic-outlook.html 

 Weak manufacturing measures raise specter of U.S. economic slowdown
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The ISM monthly survey indicated only 47.2% of purchasing managers reported expansion in August, slightly above July's 46.8% but below the expected 47.9%. Timothy Fiore noted weak demand and reluctance to invest due to federal monetary policy and election uncertainty. The employment index rose to 46%, while inventories increased to 50.3%. The prices index rose to 54%, indicating inflation concerns. The S&P PMI also decreased to 47.9 from 49.6 in July. Following the ISM report, the probability of a Fed interest rate cut increased, with a 39% chance of a half-point reduction. The Dow Jones Industrial Average fell nearly 500 points after the report.

#Manufacturing #Economy #Ism #FederalReserve #InterestRates #Inflation #S&p #Employment #EconomicSlowdown #Market

https://www.cnbc.com/2024/09/03/weak-manufacturing-measures-raise-specter-of-us-economic-slowdown.html 

 Stock futures slide to kick off September trading: Live updates
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U.S. stock futures declined on September 3, 2024, with Dow futures down 197 points (0.5%), S&P 500 futures down 0.5%, and Nasdaq-100 futures down 0.6%. Markets were closed on September 2 for Labor Day. The S&P 500 had a strong August, gaining 2.3% and marking its fourth consecutive winning month. Concerns over a potential recession and a hedge fund trade involving the Japanese yen contributed to early August's volatility. Deutsche Bank's Henry Allen noted a recovery post-August 5 due to positive economic data. Key economic reports are expected this week, including the August jobs report on September 6. Historically, September has been the worst month for the S&P 500, averaging a 2.3% loss over the last decade. Stocks making significant moves include United States Steel, Unity Software, and Boeing.

#StockMarket #Futures #Economy #Investing #S&p500 #DowJones #Nasdaq #LaborDay #EconomicReports #MarketTrends

https://www.cnbc.com/2024/09/02/stock-market-today-live-updates.html 

 The peak interest rate era is over. Here's what investors are watching
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In September 2024, the U.S. Federal Reserve is expected to cut key rates, joining other central banks like the European Central Bank and the Bank of England; Analysts predict three 25 basis point cuts by the Fed before year-end; Fed Chair Jerome Powell indicated a shift in policy focus at the Jackson Hole symposium; European stocks have rebounded nearly 10% in 2023; The S&P 500 index is up 17% in 2024; Concerns remain about potential volatility from U.S. economic data; Analysts suggest a soft landing for the U.S. economy is achievable; Currency markets are focused on inflation and rate expectations; Rabobank forecasts four Fed rate cuts between September and January; The outcome of the U.S. election could impact Fed policy.

#InterestRates #FederalReserve #Equities #GlobalEconomy #CurrencyMarkets #Inflation #CentralBanks #Investing #MarketAnalysis #EconomicOutlook

https://www.cnbc.com/2024/09/02/the-peak-interest-rate-era-is-over-heres-what-investors-are-watching.html