The peak interest rate era is over. Here's what investors are watching
==========

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 

 S&P 500, Nasdaq close slightly higher Tuesday, lifted by Nvidia shares: Live updates
==========

On August 27, 2024, the S&P 500 rose 0.16% to 5,625.80; the Nasdaq Composite also gained 0.16% to 17,754.82; the Dow Jones Industrial Average increased by 9.98 points to 41,250.50, marking its second consecutive record close. Investors are anticipating Nvidia's earnings report after the market closes on August 28, which is expected to influence market trends. Nvidia shares rose 1.5% ahead of the report. Analysts predict a 25 basis point rate cut at the Federal Reserve's September 17-18 meeting. Capital Economics forecasts the S&P 500 to reach 6,000 by the end of 2024, contingent on a soft landing for the U.S. economy and a rebound in AI enthusiasm. Costco shares hit an all-time high of over $900, while Hain Celestial's stock surged 31% after exceeding earnings expectations. The Conference Board reported consumer confidence rose to 103.3 in August, with inflation expectations at 4.9%.

#S&p500 #Nasdaq #Nvidia #Earnings #StockMarket #InterestRates #ConsumerConfidence #Costco #HainCelestial #Ai

https://www.cnbc.com/2024/08/26/stock-market-today-live-updates.html 

 U.S. economy is 'amazingly strong,' David Roche says
==========

David Roche, president of Quantum Strategy, states the U.S. economy is 'amazingly strong' during an interview on August 27, 2024; John Bilton from JPMorgan Asset Management indicates the Federal Reserve is likely to initiate rate cuts; a strategist warns that a Fed rate cut followed by a pause could stress the equity market; TS Lombard economist suggests Fed policy may be lagging; Fed's Powell is expected to caution against aggressive rate cuts; market rotation is anticipated as U.S. economic growth slows; Ed Yardeni claims the labor market has returned to normal; Goldman’s Robert Kaplan believes the Fed has room for significant rate cuts in the coming years; Bryn Talkington from Requisite states unemployment data will indicate if the Fed is cutting rates too late.

#UsEconomy #FederalReserve #InterestRates #DavidRoche #Jpmorgan #MarketAnalysis #EconomicGrowth #LaborMarket #RateCuts #FinancialNews

https://www.cnbc.com/video/2024/08/27/us-economy-is-amazingly-strong-david-roche-says.html 

 Stocks are flat to start the week, with S&P 500 near record high: Live updates
==========

Stocks are flat as of August 26, 2024, with the S&P 500 up 0.1% and the Dow Jones up 0.2%; Fed Chair Jerome Powell indicated potential interest rate cuts, leading to market optimism; S&P 500 is less than 1% from its record high set in mid-July; durable goods orders surged 9.9% in July, driven by transportation; UBS forecasts S&P 500 could rise to 5,900 by year-end; Oppenheimer suggests shifting to defensive value plays; Ed Yardeni warns that stronger economic news may dampen rate-cut expectations.

#Stocks #S&p500 #FederalReserve #InterestRates #DurableGoods #MarketStrategy #EconomicData #Ubs #Oppenheimer #YardeniResearch

https://www.cnbc.com/2024/08/25/stock-futures-are-little-after-fed-signals-rate-cuts-are-imminent.html 

 A recession is coming in the U.S., and 'a few rate cuts' won't prevent it, says strategist
==========

BCA Research predicts an imminent U.S. recession, contrary to market beliefs; Garry Evans, chief strategist, highlights a deteriorating labor market with July unemployment at 4.3%, the highest since October 2021; manufacturing activity fell to an eight-month low; investors expect three rate cuts by year-end, but Evans argues they won't prevent recession; average recession lasts 10 months, with Fed cuts taking a year to impact economy; current Fed funds rate is 5.3%, projected to drop to 3% only if recession occurs; survey shows 60% of Americans believe the U.S. is in a recession.

#Recession #Economy #FederalReserve #GarryEvans #BcaResearch #Unemployment #InterestRates #Manufacturing #JacksonHole #EconomicPolicy

https://www.cnbc.com/2024/08/23/us-recession-is-coming-and-a-few-rate-cuts-wont-prevent-it-strategist.html 

 Canadian rail lockout leaves billions in U.S. trade stranded, with economic impact to grow day by day
==========

Over 9,000 rail union workers locked out by Canadian National Railway and Canadian Pacific Kansas City; billions in U.S.-bound trade stranded during peak shipping season; 20% of U.S. trade arrives via Canadian ports; 66% of cargo at Port of Vancouver moved by rail; U.S.-Canada bilateral trade totaled $382.4 billion in H1 2024; $572 million in container trade arrives daily from Canada; 30% of clothing and accessories transported by rail; disruptions could lead to higher trucking rates; Teamsters Canada union president Francois Laporte calls for negotiations; Canadian National claims good faith negotiations; Canadian Pacific offers binding arbitration; economic impact increases with duration of disruption; $28.5 billion in U.S. chemical exports to Canada in 2023; Canadian railways transport $277 billion worth of goods annually; previous strikes caused significant trade disruptions.

#RailLockout #TradeImpact #Canada #UnitedStates #Teamsters #Negotiations #SupplyChain #Economy #Shipping #Freight

https://www.cnbc.com/2024/08/22/canadian-rail-lockout-leaves-billions-in-us-trade-stranded.html 

 The hidden costs of a strong U.S. dollar
==========

In 2022, the U.S. dollar reached its highest level since the early 2000s; a strong dollar can lead to higher prices for American consumers; reduced demand for U.S. exports may result in layoffs in key industries; managing the dollar's value presents challenges for U.S. president, Federal Reserve, and policymakers.

#UsDollar #Economy #Exports #Inflation #Layoffs #Policymakers #FederalReserve #2022 #Recession #Trade

https://www.cnbc.com/video/2024/08/21/how-a-strong-dollar-can-backfire-on-the-us-economy.html 

 DNC live updates: Kamala Harris makes surprise appearance to thank Joe Biden
==========

Vice President Kamala Harris made a surprise appearance at the 2024 Democratic National Convention in Chicago on August 19, 2024, to thank President Joe Biden, who is set to give the keynote address later that evening; Harris praised Biden for his 'historic leadership' and the crowd chanted 'Thank you, Joe'; DNC chair announced majority of delegates voted to give Harris the Democratic nomination; four protesters were arrested after breaching security; Trump and running mate JD Vance held campaign events in Pennsylvania; Harris outlined an 'opportunity economy' focused on reducing costs; union leaders expressed support for Harris; Trump criticized the DNC for using an outdated platform document; the DNC aims for a 'drama-free' convention; the Bidens plan to vacation in California after the convention.

#Dnc #KamalaHarris #JoeBiden #DonaldTrump #2024Election #Chicago #DemocraticParty #Protests #LaborUnions #PoliticalCampaigns

https://www.cnbc.com/2024/08/19/dnc-2024-live-updates-day-1.html 

 Dow jumps 500 points, Nasdaq adds 2% as comeback rally gains steam: Live updates
==========

Stocks rallied on Thursday as investors regained confidence in the economy following encouraging consumer and labor data that helped ease recession worries. The Dow Jones Industrial Average leaped 509 points, or 1.28%. The S&P 500 rose 1.58%, for its sixth straight gain. The broad market index has advanced roughly 8% from its intraday bottom on Aug. 5. The Nasdaq Composite jumped 2.34%. Retails sales increased 1% in July, far surpassing an estimate from Dow Jones that forecast a 0.3% uptick. Also separately, weekly jobless claims fell for the week. After a 3% gain this week, the S&P 500 is now less than 3% below its record. The three major U.S. indexes are now trading above their Aug. 2 closing level, which was the session before the global stock market rout on Aug. 5 that was largely driven by investors’ concerns about an economic slowdown and an unwinding of a popular hedge fund currency trade.

#StockMarket #DowJones #Nasdaq #Economy #Recession #RetailSales #JoblessClaims

https://www.cnbc.com/2024/08/14/stock-market-today-live-updates.html 

 Dow gains more than 200 points after inflation slows to 3-year low: Live updates
==========

The Dow Jones Industrial Average climbed 246 points, or 0.62%, after the release of more encouraging U.S. inflation data. Consumer prices increased 2.9% year-over-year, down from 3% in June and the lowest reading since March 2021. So-called core inflation, which strips out food and energy from the headline number, advanced 0.2% on the month. Investors are looking toward the CPI reading to get a full-plated picture of the state of the economy and to further solidify the prospect of an interest rate cut at the central bank’s September meeting. Futures market pricing is roughly split down the middle between expectations for a quarter or half-percentage point reduction at central bank meeting on Sept.17-18, and forecast a total basis point in shifts by the end of the year. All three major averages are now above their Aug. 2 closing level, which was the session before the global market sell-off on Aug. 5 that appeared to be related to an unwind of the yen carry trade and concerns about economic growth.

#DowJonesIndustrialAverage #Inflation #InterestRateCut #Cpi #EconomicGrowth

https://www.cnbc.com/2024/08/13/stock-market-today-live-updates.html 

 59% of Americans wrongly think the U.S. is in a recession, report finds
==========

Citing higher costs and difficulty making ends meet, 59% of Americans falsely believe that the U.S. is currently in a recession, according to a recent report by Affirm. Most respondents think a recession started roughly 15 months ago, in March of last year, and could last until July of 2025. However, the U.S. economy has remained strong despite persistent inflation and high interest rates. Economists have noted a growing disconnect between the economy's performance and people's perception of their financial standing. Many Americans are struggling with high prices and have exhausted their savings, relying on credit cards to make ends meet. The disparity between the wealthy and non-wealthy is widening dramatically, with lower-income households falling behind. A growing number of borrowers are falling behind on credit card payments, and more middle-income households anticipate struggling with debt payments in the coming months.

#Recession #Economy #Survey #FinancialStanding #Inflation #InterestRates #Savings #CreditCards #WealthDisparity #Borrowers #DebtPayments

https://www.cnbc.com/2024/08/12/59percent-of-americans-think-the-us-is-in-a-recession-report-finds.html 

 China stocks escaped much of the latest sell-off. Signals for whether to buy
==========

China stocks have largely avoided the recent sell-off in the market. Wall Street will gain insight on consumer behavior and inflation in the coming week. Warren Buffett's Japanese investments have performed well despite the global market rout. Bank of America suggests buying the dip in tech stocks, including Nvidia. China's slower growth has not affected a consumer stock that is up 90% this year. China is increasing its focus on domestic technology. CNBC offers various newsletters and products.

#ChinaStocks #MarketSelloff #ConsumerBehavior #Inflation #WarrenBuffett #JapaneseInvestments #TechStocks #China'sSlowerGrowth #DomesticTechnology

https://www.cnbc.com/2024/08/11/china-stocks-escaped-much-of-the-latest-sell-off.html 

 Stocks rally on good jobs data, proving it's too early to write off the U.S. economy
==========

Stocks rally on good jobs data, indicating the U.S. economy is still strong; The CNBC Investing Club releases the Homestretch, an actionable afternoon update; Eli Lilly's blowout quarter eases investor concerns about the stock; Costco's 'incredible' sales data should boost its stock; 3 stock trades are made as the market recoups recent losses; Wall Street's rally fades, but Palo Alto Networks remains a bright spot; Stocks bounce back from sell-off, and Disney gives investors a win ahead of earnings; Predicting a bottom in the global market plunge is difficult

#StockMarket #JobsData #UsEconomy

https://www.cnbc.com/2024/08/08/stocks-rally-on-good-jobs-data-proving-its-too-early-to-write-off-the-us-economy.html 

 S&P 500 futures rise as drop in jobless claims eases recession fears: Live updates
==========

S&P 500 futures climbed higher Thursday after new labor market data boosted investors’ confidence in the U.S. economy after a sharp market sell-off earlier in the week. Futures tied to the broad market index gained 0.8%. Dow Jones Industrial Average futures added 149 points, or 0.4%. Nasdaq-100 futures advanced 1.1%. The latest weekly jobless claims came in below forecasts, helping to allay some recent concerns on the strength of the labor market. First-time filings for jobless benefits came in at 233,000 last week, down 17,000 from the previous week and lower than the Dow Jones estimate for 240,000, the Labor Department reported Thursday. Pharmaceutical giant Eli Lilly surged around 12% after posting better-than-expected earnings and raising its full-year outlook on strong demand for diabetes treatment Mounjaro and obesity drug Zepbound. Meanwhile, Warner Bros. Discovery were each sliding in extended trading after reporting soft second-quarter revenue results. The recent jolt of volatility into the market could be a preview of the rest of the year, said Joseph Ferrara, investment strategist at Gateway Investment Advisers. Ferrara told CNBC on Wednesday that economic concerns, geopolitical conflict and the looming November elections could keep investors on edge in the coming months.

#S&p500 #JoblessClaims #LaborMarket #EliLilly #WarnerBrosDiscovery #Volatility

https://www.cnbc.com/2024/08/07/stock-market-today-live-updates.html 

 Dow loses more than 750 points, Nasdaq enters correction after weak jobs report: Live updates
==========

Stocks fell sharply on Friday with the S&P 500 dropping 2.1% and the Nasdaq Composite losing nearly 2.6% after a weaker-than-expected jobs report for July raised concerns of a recession. The Dow Jones Industrial Average fell 785 points, or almost 2%. Nonfarm payrolls grew by just 114,000 last month, below the expected 185,000. The unemployment rate increased to 4.3%. The 10-year Treasury yield fell to its lowest since December. Amazon's Q2 results sparked investor concerns about Big Tech's AI-related capital spending. The Nasdaq entered correction territory, down more than 10%. Bank stocks were also hit hard. Morgan Stanley sees a narrowing path to a goldilocks scenario for equities. BlackRock's CIO of global fixed income believes the Fed should have cut rates already. Chevron stock is under pressure after earnings miss and Hess deal delays. The Japanese Nikkei 225 suffered a 5.8% drop. The odds of a half-point rate cut in September soared. Intel shares plunged 20% after weak earnings and layoffs. U.S. crude oil fell more than 3%. Utilities were the best-performing sector for the week. Bitcoin traded higher amid the sell-off in stocks. Stock futures were lower on Thursday night.

#StockMarket #S&p500 #NasdaqComposite #DowJonesIndustrialAverage #JobsReport #Recession #Amazon #Ai #NasdaqCorrection #BankStocks #MorganStanley #Blackrock #Chevron #Hess #Nikkei225 #RateCut #Intel #CrudeOil #Utilities #Bitcoin #StockFutures

https://www.cnbc.com/2024/08/01/stock-market-today-live-updates.html 

 U.S. economy grew at a 2.8% pace in the second quarter, much more than expected
==========

The U.S. economy grew at a pace of 2.8% in the second quarter, surpassing expectations. Wholesale prices rose 0.2% in June, slightly higher than anticipated. Retail sales remained unchanged in June, which was better than expected. Former Kansas City Fed President believes the Fed is seeing the progress they have been seeking. Former SEC Chair Jay Clayton finds Senator JD Vance appealing to everyday Americans. American Airlines CEO Robert Isom expressed dissatisfaction with Q2 results. Small caps could rise over 15% in August, according to Fundstrat's Tom Lee. Salesforce CEO Marc Benioff believes access to data will lead to phenomenal AI. The NBA signed new 11-year media agreements with Disney, NBC, and Amazon. Ford shares fell after-hours as the EV division reported a $1.14 billion loss.

#UsEconomy #EconomicGrowth #WholesalePrices #RetailSales #FederalReserve #AmericanAirlines #SmallCaps #ArtificialIntelligence #Nba #Ford

https://www.cnbc.com/video/2024/07/25/u-s-economy-grew-at-a-2-point-8-percent-pace-in-the-second-quarter-much-more-than-expected.html 

 U.S. economy grew at a 2.8% pace in the second quarter, much more than expected
==========

The U.S. economy grew at a 2.8% pace in the second quarter, surpassing expectations of 2.1% growth. The growth was driven by consumer spending, private inventory investment, and nonresidential fixed investment. Personal consumption expenditures increased by 2.3% for the quarter. Imports, which subtract from GDP, rose by 6.9%, the largest quarterly increase since Q1 2022. The personal consumption expenditures price index increased by 2.6% for the quarter, down from 3.4% in Q1. The personal savings rate decelerated to 3.5% from 3.8% in Q1. Federal Reserve officials are expected to hold interest rates steady in their next meeting, but market pricing suggests a rate cut in September.

#UsEconomy #GdpGrowth #CommerceDepartment #ConsumerSpending #Inflation #FederalReserve

https://www.cnbc.com/2024/07/25/us-gdp-q2-2024.html 

 Treasury yields fall ahead of key economic data
==========

U.S. Treasury yields declined as investors awaited key economic data points; At 4:00 a.m. ET, the yield on the 10-year Treasury was down by over five basis points to 4.2349%; Investors are considering the state of the U.S. economy and the outlook for interest rates; Data released Wednesday showed the U.S. PMI flash manufacturing output index falling to 49.5, indicating contraction; On Thursday, investors will be following durable goods orders, weekly initial jobless claims, and a preliminary reading of second-quarter U.S. GDP; The data will provide more hints about the state of the economy and could affect the central bank's decision-making and guidance on monetary policy; Markets are expecting interest rates to remain unchanged, but are hoping for hints about future rate cuts

#TreasuryYields #EconomicData #FederalReserve #InterestRates #UsEconomy

https://www.cnbc.com/2024/07/25/us-treasury-yields-ahead-of-key-economic-data.html 

 UBS' Paul Donovan on U.S election, the economy and its industry policy
==========

Paul Donovan from UBS Global Wealth Management discusses a wide range of issues facing the global economy, including the U.S. election and its implications, the state of the economy, and industry policy. The analyst mentions that Biden is closer to bowing out today compared to 24 hours ago. There is a discussion on the risk of a U.S. recession in the next 12 months, which the market seems to be ignoring. The article also mentions the sale of souvenir T-shirts of Trump shooting on China's Taobao platform. Other topics covered include the outlook for U.S.-Philippine ties ahead of the presidential election, Alcoa's earnings and the possible impact of a Trump presidency, and the impact of access to data on AI development. The article includes several videos on topics such as new media agreements in the NBA, Ford's after-hours stock fall, and the market correction of the 'Magnificent 7'.



https://www.cnbc.com/video/2024/07/25/paul-donovan-on-u-s-election-economy-and-industry-policy.html 

 'Largest IT outage in history' leaves world reeling
==========

Financial services and doctors’ offices were disrupted on Friday, while TV broadcasters went offline as businesses worldwide grappled with an ongoing major IT outage. Air travel has been particularly hit, with planes grounded, services delayed and airports issuing advice to passengers. Cybersecurity giant CrowdStrike experienced a major disruption following an issue with its latest tech update. Microsoft cloud services were also affected but have since been restored. The Federal Reserve said its critical systems are operating normally. Charles Schwab, Union Pacific, FedEx, and Amazon Web Services were among the other companies impacted. The global IT outage is being called the largest in history.

#ItOutage #Cybersecurity #Crowdstrike #Microsoft #FederalReserve #CharlesSchwab #UnionPacific #Fedex #AmazonWebServices

https://www.cnbc.com/2024/07/19/latest-live-updates-on-a-major-it-outage-spreading-worldwide.html 

 Treasury yields hold steady as investors weigh state of economy
==========

U.S. Treasury yields were little changed on Wednesday as investors considered the state of the economy and outlook for interest rates. At 4:16 a.m. ET, the yield on the [10-year Treasury note](https://www.cnbc.com/quotes/?symbol=US10Y) was up by less than one basis point to 4.1672%. The yield on the [30-year Treasury bond](https://www.cnbc.com/quotes/?symbol=US30Y) was last at 4.4485% after rising by less than one basis point. Investors considered economic data and comments from Federal Reserve officials slated for the week after central bank Chairman Jerome Powell earlier this week said interest rates would likely be cut before inflation reaches 2%. One more set of inflation data — the personal consumption expenditures price index — is due before the Fed meets at the end of the month, when investors are hoping to get hints that rate cuts could begin in the coming months. Several fed policymakers are expected to give remarks this week, including on Wednesday. Also on Wednesday, fresh data could provide hints about the state of the economy, with the latest building permit and housing start figures due to be released.

#TreasuryYields #Economy #InterestRates #FederalReserve #Inflation #RateCuts

https://www.cnbc.com/2024/07/17/us-treasurys-as-investors-weigh-state-of-economy.html 

 RNC 2024 live updates: Haley 'strongly endorses' Trump, Desantis wages culture wars, Marco Rubio up soon
==========

Former President Donald Trump is officially the nominee and Ohio Sen. is his running mate. The convention began just two days after Trump survived an assassination attempt at a campaign rally in Pennsylvania. Tonight's speakers include Florida Sen. Marco Rubio, Florida Sen. Rick Scott, Florida Gov. Ron DeSantis, Arkansas Gov. Sarah Huckabee Sanders, Republican National Committee co-chair Lara Trump, reality TV star Savannah Chrisley, entrepreneur Vivek Ramaswamy, Rep. Elise Stefanik N.Y., Rep. Tom Emmer, Minn., Rep. Steve Scalise, La., House Speaker Mike Johnson, La. Former South Carolina Governor Nikki Haley 'strongly endorses' Trump. Reality TV star Savannah Chrisley criticizes the justice system. Dallas Mayor Eric Johnson switched from Democrat to Republican. Virginia Senate candidate Hung Cao escaped Vietnam. Entrepreneur Vivek Ramaswamy encourages Gen-Z Republicans. New Jersey Senate contender Jeff Van Drew switched from Democrat to Republican. Former VP hopeful Elise Stefanik criticizes Ivy League presidents. House leader Steve Scalise praises Trump's leadership. Michigan's Mike Rogers criticizes electric vehicles. Nevada's Sam Brown shares his experience in Afghanistan. Montana U.S. Senate candidate Tim Sheehy mocks gender pronouns. West Virginia Gov. Jim Justice predicts Republican victories. Rep. Jim Banks pushes for hardline immigration policies. Ohio Senate hopeful Bernie Moreno claims Democrats will 'destroy America'. PA Senate hopeful Dave McCormick praises Trump's strength. Wisconsin Senate candidate Eric Hovde criticizes Bidenomics. Rep. Matt Gaetz confronts former House Speaker McCarthy. Marco Rubio, Nikki Haley, Lara Trump, and many others are scheduled to speak.

#Rnc #DonaldTrump #NikkiHaley #MarcoRubio #RonDesantis #SavannahChrisley #VivekRamaswamy #EliseStefanik #SteveScalise #JimJustice #JimBanks #BernieMoreno #DaveMccormick #EricHovde #MattGaetz

https://www.cnbc.com/2024/07/16/rnc-day-2-live-updates.html 

 IMF sees ‘bumps’ in path to lower inflation
==========

The International Monetary Fund (IMF) warned that upside risks to inflation have increased, casting doubt on the prospect of multiple Federal Reserve interest rate cuts this year. The IMF's latest World Economic Outlook update stated that the momentum on global disinflation is slowing, indicating challenges ahead. The rise in sequential inflation in the US earlier in 2024 has put it behind other major economies in the quantitative easing path. IMF chief economist Pierre-Olivier Gourinchas suggested that one rate cut from the Fed is most appropriate this year, citing stubborn services and wage inflation as complications to achieving lower inflation. The IMF forecasts the rate of disinflation to slow in 2024 and 2025 across advanced economies due to high services inflation and commodity prices. The IMF lowered its growth outlook for the US economy to 2.6% in 2024 due to cooling consumption and slower-than-expected growth at the start of the year.

#Imf #Inflation #FederalReserve #InterestRates #EconomicOutlook

https://www.cnbc.com/2024/07/16/imf-sees-bumps-in-path-to-lower-inflation.html 

 5 things to know before the stock market opens
==========

The major indexes closed higher on Monday, with the Dow hitting a new record. Fed Chair Jerome Powell stated that the central bank isn't waiting to hit its inflation target before cutting rates. Former President Donald Trump made his first appearance since Saturday's assassination attempt. The major averages closed in the green on Monday. The Dow Jones Industrial Average jumped more than 200 points to 40,211.72. The S&P 500 gained 0.28% to close at 5,631.22. The Nasdaq Composite closed higher, advancing 0.4% to 18,472.57. The Federal Reserve isn't going to hold back on rate cuts before hitting its inflation target. Fed Chair Jerome Powell said that the central bank will look for "greater confidence" that inflation will return to the 2% level. Former President Donald Trump attended Day 1 of the Republican National Convention, where he was seen wearing a bandage over his right ear. General Motors may not have the capacity to produce 1 million all-electric vehicles in North America by the end of next year. Apple released a public beta version of the iOS 18 software that will launch alongside new iPhones later this year.

#StockMarket #DowJones #FederalReserve #JeromePowell #DonaldTrump #RepublicanNationalConvention #GeneralMotors #Apple

https://www.cnbc.com/2024/07/16/5-things-to-know-before-the-stock-market-opens-tuesday-july-16.html 

 5 things to know before the stock market opens
==========

The major indexes closed higher on Monday, with the Dow hitting a new record. Fed Chair Jerome Powell stated that the central bank isn't waiting to hit its inflation target before cutting rates. Former President Donald Trump made his first appearance since Saturday's assassination attempt. The major averages closed in the green on Monday. The Dow Jones Industrial Average jumped more than 200 points to 40,211.72. The S&P 500 gained 0.28% to close at 5,631.22. The Nasdaq Composite closed higher, advancing 0.4% to 18,472.57. The Federal Reserve isn't going to hold back on rate cuts before hitting its inflation target. Fed Chair Jerome Powell said that the central bank will look for "greater confidence" that inflation will return to the 2% level. Former President Donald Trump attended Day 1 of the Republican National Convention, where he was seen wearing a bandage over his right ear. General Motors may not have the capacity to produce 1 million all-electric vehicles in North America by the end of next year. Apple released a public beta version of the iOS 18 software that will launch alongside new iPhones later this year.

#StockMarket #DowJones #FederalReserve #JeromePowell #DonaldTrump #RepublicanNationalConvention #GeneralMotors #Apple

https://www.cnbc.com/2024/07/16/5-things-to-know-before-the-stock-market-opens-tuesday-july-16.html 

 ‘Luxury shame': China's rich shy away from flaunting their wealth amid economic jitters
==========

China's wealthy individuals are becoming more cautious about flaunting their wealth due to a challenging macroeconomic environment, sluggish GDP growth, and weak consumer confidence. This trend, known as 'luxury shame,' is impacting the country's luxury market. Wealthy customers are afraid of being seen as too ostentatious or showy, leading them to opt for more subtle and less visible luxury goods. The Chinese government's push for common prosperity and crackdown on 'wealth flaunting' has also contributed to this trend. Despite the global personal luxury goods sector expected to grow modestly, China's luxury market is struggling and overall contracting.

#China #WealthyIndividuals #LuxuryMarket #EconomicUncertainty

https://www.cnbc.com/2024/07/16/chinas-rich-shy-away-from-flaunting-wealth-amid-economic-uncertainty.html 

 With odds of a Trump win rising, here's what it could mean for Europe's economy
==========

Goldman Sachs economists warn that if Donald Trump were to become U.S. president again, there could be "profound implications" for the euro area's economy. They estimate a GDP hit of around 1% and a modest increase in inflation. Trade policy uncertainty, defense and security pressures, and spillover effects from U.S. domestic policies could impact Europe. Trump's trade policy, including tariffs on European steel and aluminum, could increase trade policy uncertainty. Trump's defense policy, including potentially cutting U.S. aid for Ukraine and questioning NATO commitments, could require European countries to fund additional defense spending. U.S. domestic plans, such as tax cuts and less regulation, could have spillover effects on Europe. Overall, a second Trump term could pose a significant downside risk to the Euro area's economy.



https://www.cnbc.com/2024/07/15/what-a-trump-presidency-could-mean-for-europes-economy.html 

 Bernie Sanders urges Dems to ‘stop the bickering' and back Biden
==========

Bernie Sanders urges Democrats to support President Joe Biden and stop calling for his withdrawal from the race. Sanders criticized Democrats who have been concerned about Biden's health and called for a new nominee to compete against former President Donald Trump. Sanders wrote an op-ed in The New York Times, stating that while Biden may not be the ideal candidate, he should be supported and with an effective campaign, he can defeat Trump. Sanders also criticized the media for focusing obsessively on Biden's cognitive capabilities. Biden has rejected calls for his withdrawal and has received support from key Democratic groups and allies. Sanders, despite his policy disagreements with Biden, will do all he can to see that Biden is re-elected because he believes Biden is the most effective president in the modern history of the country and the strongest candidate to defeat Trump. Sanders highlighted Biden's efforts to rebuild the U.S. economy, investments in infrastructure and climate change-related projects, and other accomplishments. He contrasted Biden with Trump, who he said wants to cut taxes for the billionaire class and let corporations exploit workers and consumers. Sanders emphasized that for the sake of future generations, Biden must win the November election.

#BernieSanders #Democrats #JoeBiden #DonaldTrump #2024UsPresidentialElection

https://www.cnbc.com/2024/07/13/bernie-sanders-urges-dems-to-stop-the-bickering-and-back-biden.html 

 Ron Insana: Look to the U.S. for economic resilience and continued global stock market leadership
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Despite calls to diversify investments, the U.S. stock market has been the best place for traders and investors. The S&P 500 is up nearly 18% and the Nasdaq Composite is up 22% in 2024. Japan's Nikkei 225 index is up 23% while China's stock market is down for the year. The U.S. economy has been solid and envied by the world, with low unemployment and inflation. The U.S. also has a lower debt-to-GDP ratio compared to China and Japan. Overseas investors continue to buy U.S. bonds due to the stable U.S. dollar and the potential for capital gains. The financial markets do not suggest that America is in decline. The article encourages U.S. investors to remember the phrase 'There's no place like home' and to focus on the resilience and leadership of the U.S. economy and stock market.

#UsStockMarket #EconomicResilience #GlobalStockMarketLeadership #Investments #S&p500 #NasdaqComposite #Japan #China #UsEconomy #Unemployment #Inflation #DebttogdpRatio #UsBonds #UsDollar

https://www.cnbc.com/2024/07/13/ron-insana-look-to-the-us-for-stock-market-leadership-in-2024.html 

 U.S. Cities Are Sinking. Here’s What That Means For Homeowners (Video)
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Land subsidence, a phenomenon affecting cities like New Orleans, New York City, and south San Francisco, can severely affect buildings and infrastructure, and when combined with sea-level rise, increase flooding. Research shows that problems associated with land subsidence can cost U.S. homeowners 6% of their home value, and in areas with high subsidence, that number can jump to 8.1%. Standard homeowners insurance usually does not cover land subsidence issues. Both natural processes, such as glacier recession and tectonic activity, and human-induced processes, such as groundwater extraction and heavy building materials, contribute to land subsidence. Infrastructure is often not designed to account for shifting land, putting it at risk. Experts warn that land subsidence is putting U.S. infrastructure in a precarious situation and could be costly to fix.

#LandSubsidence #Homeowners #Flooding #Insurance #Infrastructure

https://www.cnbc.com/2024/07/11/us-cities-are-sinking-heres-what-that-means-for-homeowners.html 

 S&P 500 trades near records after CPI report shows easing June inflation: Live updates
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The S&P 500 trades near record levels after the consumer price index (CPI) report shows easing June inflation. The CPI fell 0.1% last month, bringing the annual inflation rate down to 3%. Core CPI, which excludes food and energy, came in at a 3.3% annual rate. Treasury yields fell following the CPI data as traders upped their bets for interest rate cuts. The Federal Reserve is expected to cut rates as early as September. Nvidia led chip stocks higher in the premarket, while housing-related shares such as D.R. Horton jumped on the hope of lower rates. The S&P 500 added 1% on Wednesday to close above 5,600 for the first time. Pfizer rises as the drugmaker moves forward with a once-daily weight loss pill. Delta Air Lines slides on disappointing earnings guidance. PepsiCo shares slip after mixed quarterly results. The dollar index reaches its lowest level in four weeks after the CPI report. Citigroup is fined $60.6 million by the Federal Reserve Board for violating a 2020 enforcement action. The CPI report is expected to show inflation falling closer to 3%. The S&P 500 rises in the first seven trading sessions of July. Stock futures open little changed.

#S&p500 #Cpi #Inflation #InterestRates #ChipStocks #HousingMarket #Pfizer #DeltaAirLines #Pepsico #DollarIndex #Citigroup

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

 Here's why housing inflation is still stubbornly high
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Housing inflation remains high despite overall inflation in the U.S. economy declining. The shelter inflation index, which accounts for 36% of the consumer price index (CPI), is the main factor keeping the CPI from falling back to policymakers' target. The slow decline of housing inflation is due to the way the Bureau of Labor Statistics constructs its housing inflation index. The index lags behind trends in the real-time rental market, causing a delay in reflecting changes in rental prices. The shelter inflation index includes rent and 'owners' equivalent rent of residences' to measure the average cost of housing. The index moves slowly and with a lag due to the staggered nature of the data collection. Experts expect shelter inflation to continue to moderate as it catches up to the trend in new rental contracts and as more rental units become available.

#HousingInflation #ConsumerPriceIndex #RentalMarket #BureauOfLaborStatistics

https://www.cnbc.com/2024/07/11/heres-why-housing-inflation-is-still-stubbornly-high.html 

 Watch Fed Chair Jerome Powell testify live before the House financial services panel
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Federal Reserve Chair Jerome Powell is set to testify before the U.S. House Financial Services Committee on Wednesday. This comes after Powell appeared before the Senate Committee on Banking, Housing and Urban Affairs on Tuesday, where he acknowledged the two-sided risk of rising unemployment and inflation above the 2% target. Investors will be listening for hints about when the Fed might begin to cut rates, with a meeting later this month. Representatives may also ask about the Fed's oversight of banks and the potential risks of commercial real estate to regional lenders.

#JeromePowell #FederalReserve #HouseFinancialServicesCommittee #SenateCommitteeOnBanking,HousingAndUrbanAffairs #InterestRates #Unemployment #Inflation #CommercialRealEstate #Banks

https://www.cnbc.com/2024/07/10/watch-fed-chair-powell-testify-live-before-house-financial-panel.html 

 The Fed may soon cut interest rates. That could make your next trip abroad more expensive
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The U.S. Federal Reserve may start cutting interest rates before year's end, which could weaken the U.S. dollar and make future trips abroad more expensive for American travelers. Rising U.S. interest rates relative to those in other nations strengthen the U.S. dollar, allowing Americans to buy more with their money overseas. However, falling interest rates have the opposite effect, weakening the dollar and reducing Americans' purchasing power abroad. Fed officials expect to cut rates once in 2024 and four more times in 2025, which could put more pressure on the dollar. Some experts believe the dollar's strength may persist, while others think it will weaken. The strength of the U.S. dollar has given Americans a discount on purchases abroad, making travel more affordable. The dynamics driving dollar fluctuations are complex and depend on the differential in interest rates between the U.S. and other nations. A relatively strong U.S. economy and higher economic growth and/or inflation support a strong dollar. Additionally, foreigners may invest more in the U.S. when interest rates are high, further strengthening the dollar. Capital flows play a significant role in exchange rates. Currency fluctuations in emerging markets can be more volatile due to factors like political shocks and commodity price risks.

#FederalReserve #InterestRates #UsDollar #ExchangeRates #Travel

https://www.cnbc.com/2024/07/10/why-the-fed-cutting-interest-rates-may-weaken-the-us-dollar.html 

 S&P 500 rises to record as Powell highlights risk of leaving rates high for too long: Live updates
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The S&P 500 rose to a fresh record as investors digested key testimony from Federal Reserve Chair Jerome Powell. Powell stated that keeping interest rates elevated for too long could risk further economic growth. The Nasdaq Composite also hit a record earlier in the session. Powell will continue testimony this week before Congress on Wednesday before the House Financial Services Committee. Nvidia shares were up 1.4% after KeyBanc hiked its price target on the chipmaker to $180. The S&P 500's gains were limited due to a lack of market breadth. Decliners were beating advancers on the NYSE and Nasdaq on Tuesday. Stocks tied to the artificial intelligence theme outperformed on Tuesday. Powell said the U.S. economy is not running too hot, but still has the strongest growth of any developed nation. The S&P 500 and Nasdaq Composite hit fresh record highs at the market open on Tuesday. BP shares fell more than 4% on Tuesday after the company warned it expects to report an impairment of up to $2 billion. European stocks opened lower on Tuesday. The S&P 500 has notched 35 record closing highs this year. U.S. stock futures opened little changed Monday night.

#StockMarket #FederalReserve #InterestRates #S&p500 #NasdaqComposite #Nvidia #MarketBreadth #ArtificialIntelligence #UsEconomy #Bp #EuropeanStocks #StockFutures

https://www.cnbc.com/2024/07/08/stock-market-today-live-updates.html 

 Fed Chair Powell says holding rates high for too long could jeopardize economic growth
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Federal Reserve Chair Jerome Powell expressed concern that holding interest rates too high for too long could jeopardize economic growth. Powell stated that reducing policy restraint too late or too little could unduly weaken economic activity and employment. The Fed's overnight borrowing rate currently sits at a range of 5.25%-5.5%, the highest level in 23 years. Markets expect the Fed to begin cutting rates in September and likely follow up with another quarter percentage point reduction by the end of the year. Powell emphasized the importance of the Fed's operational independence and stated that recent data shows the US economy continues to expand at a solid pace despite the deceleration in GDP.

#FederalReserve #JeromePowell #InterestRates #EconomicGrowth

https://www.cnbc.com/2024/07/09/fed-chief-powell-says-holding-rates-high-for-too-long-could-jeopardize-economic-growth.html