00:00 Speaker A Indeed, stocks are hitting new highs today following the Federal Reserve’s 25 basis point cut with the committee also signaling two more cuts could come this year. 00:08 Speaker A Joining me now, Stephanie Roth, Wolf Research chief economist and John Hilsenrath, StoneX senior advisor. Thank you both for being here. 00:15…
The US labor market is slowing down. After a round of weaker-than-expected job market figures this week, the Bureau of Labor Statistics (BLS) will release the August jobs report on Friday morning at 8:30 a.m. ET. The report is expected to confirm these trends seen elsewhere in the US economy. Economists expect the US economy…
A top Wall Street economist is sounding the alarm on sky-high valuations in AI stocks — and drawing comparisons to the tech bubble of the late 1990s. “Yes, AI will do incredible things for all of us,” Torsten Sløk, chief economist at Apollo Global Management, said on Yahoo Finance’s Opening Bid. “But does that mean…
00:00 Speaker A Brian, we did just get some numbers on consumer confidence from the University of Michigan. This was the July preliminary numbers. So the the first look here at July and it came in a little stronger than economists had forecast and stronger than June. 61.8 was the reading here. Um so seeing…
Recession risks are rising as economic signals weaken and inflation pressures persist, creating a tough balancing act for the Federal Reserve. Roth Capital Partners chief economist and macro strategist Michael Darda joins Market Domination to discuss why he sees a 50/50 chance of recession in 2025 and how recent disruptions have complicated the Federal Reserve’s…
(Bloomberg) — Consumption in China grew faster to start the year, helping offset the impact of Donald Trump’s tariffs that are putting pressure on exporters in the world’s largest trading nation. Most Read from Bloomberg Retail sales increased 4% in January-February from the same period a year earlier, the National Bureau of Statistics said Monday,…
Listen and subscribe to Opening Bid on Apple Podcasts, Spotify, YouTube, or wherever you find your favorite podcasts. If there is shock coming to markets, it could arrive this summer. And it could be in the form of a rate hike from the Federal Reserve. Apollo Global Management chief economist Torsten Slok says the US…
Bond yields spiked after the January jobs report. While hiring in January was weaker than expected, other data indicates a strong labor market. Markets increased bets that the Fed will keep rates steady Bond yields shot up on Friday as markets took in the January jobs report. While the nonfarm payroll report showed employers added…
New data from the Bureau of Labor Statistics out Wednesday showed that a key inflation metric eased for the first time since July. On a “core” basis, which strips out the more volatile costs of food and gas, the December Consumer Price Index (CPI) climbed 0.2% over the prior month, a deceleration from November’s 0.3%…
(Bloomberg) — China’s consumer inflation unexpectedly decelerated in November while factory deflation eased, painting a mixed picture of the effects of recent stimulus efforts on the economy ahead of key policy meetings this week. Most Read from Bloomberg The consumer price index rose a less-than-forecast 0.2% from a year earlier, the lowest since June, while…