Business
Dissecting Powell’s Comments | Bloomberg Surveillance 12/19/2023
Words matter, particularly Jerome Powell’s.
Despite some tepid pushback from other central bankers in the past few days, the Federal Reserve chair’s acknowledgment of rate-cut discussions and his silence on the rally in stocks and bonds are ringing out through all corners of Wall Street. Even reluctant investors are taking more risk.
“Where did all the bears go? I think we know,” Strategas Research Partners’ Jason Desena Trennert said. “The Fed shot them.”
Tom Keene, Jonathan Ferro and Lisa Abramowicz have the economy and the markets “under surveillance” as they cover the latest in finance, economics and investment, and talk with the leading voices shaping the conversation around world markets. This show is simulcast worldwide on Bloomberg Television and Radio.
About “Bloomberg Surveillance”
Tom Keene, Jonathan Ferro & Lisa Abramowicz are live from New York each business day, bringing insight on global markets and the top business stories of the day.
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About “Bloomberg Surveillance”
Tom Keene, Jonathan Ferro & Lisa Abramowicz are live from New York each business day, bringing insight on global markets and the top business stories of the day.
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Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day than “Bloomberg Surveillance.”
Chapters:
00:00 Tech Rebound, France Riots and AI Earnings Test
03:54 Market Stress Is Mostly Driven by Technicals — Max Kettner, HSBC Bank
18:25 GOP Russia Pushback Has Limited Bite — Tobin Marcus, Wolfe Research
31:46 AI Financing Stress Favors Mega-Cap Tech — Angelo Zino, CFRA
40:04 Yellow Vests Plan New France Protests After Riots — Oliver Crook
42:11 Markets Rightfully Lowering ECB Hike Expectations — Andrew Sheets, Morgan Stanley
53:40 Buy the Tech Selloff, but Move Up in Quality — Chris Harvey, CIBC
1:06:19 Cost of Living Is Driving Midterm Discontent — Jessica Taylor, The Cook Political Report
1:19:34 Meta Is ‘Cool Again’ and Winning Back Trust — Rich Greenfield, LightShed Partners
1:30:03 5% Treasury Yields Are Attractive — Subadra Rajappa, Société Générale
1:41:25 AI Debt Could Trigger a Sharp Selloff — Peter Tchir, Academy Securities
1:53:41 AI Shakeout Could Hit the Biggest Players — Sarah Kunst, Cleo Capital
2:07:43 Why Wait? Fed Should Hike in October — Aditya Bhave, BofA Securities
2:18:02 Buy the AI Dip, but Buy It Carefully — Kelly Kowalski, MassMutual
——–
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Fatima Dangote, Dangote Group executive director of commercial operations for oil and gas, tells Bloomberg Television the company forecasts revenue to jump to $100 billion by 2030. Speaking in an exclusive interview with Bloomberg’s Jennifer Zabasajja, Aliko Dangote’s daughter says the growth is going to come mainly from the company’s “refinery, fertilizer and cement” businesses.
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Student protests in France are exposing a deeper crisis in the European Union’s second-largest economy, which is caught between political anger, mounting debt and nervous bond markets.
What the Student Protests Mean for France: It’s Not May ’68, Yet: https://bloom.bg/3VNcEbi
Lousy school conditions are the focus of the unrest, but untenable budget deficits and the soaring cost of borrowing are making solutions harder to find.
#France #Debt #Protests
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Former Canadian Deputy Prime Minister Chrystia Freeland tells Bloomberg This Weekend that Canada and other democracies must become less reliant on the US while remaining open to rebuilding the Western alliance. Speaking with hosts David Gura and Christina Ruffini, Freeland discusses Alberta’s separatist movement, President Donald Trump’s approach to Russia and Ukraine, and lessons from her negotiations with the US that inform her new book, Unreliable Boyfriend.
——–
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“It was an inartful way to say something.”
JPMorgan’s Jamie Dimon addresses the backlash over Standard Chartered CEO Bill Winters’ remarks on AI replacing “lower-value human capital,” saying that AI will affect all jobs.
——–
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@OzFurphy
December 26, 2023 at 7:03 pm
Fools
@anthonycapitan5746
December 26, 2023 at 7:03 pm
Interesting how these scamming liars never mention the inverted yield curve or crashing CRE markets around the world.
@StormRiderXV
December 26, 2023 at 7:03 pm
Greg Valliere said he thinks Kamala Harris is underrated… wow
@jackbailey7037
December 26, 2023 at 7:03 pm
"Obama has huge clout". He's been calling plays for Biden since 2020.
@NewMoneyBroker
December 26, 2023 at 7:03 pm
WIFI coin will 5000x. I called it just like BONK.
@kathyshum1229
December 26, 2023 at 7:03 pm
We should not let Powell buy the equities😈
@timothygreen6058
December 26, 2023 at 7:03 pm
The the reason why when the bank take a whole house from account that had a large amount of money in it 🦠💯⁉️🌎🦠💹📸💪
@timothygreen6058
December 26, 2023 at 7:03 pm
When is dissing inflation in the market start to recover the losses in the stock market data. Whichever Ida it falls under the magnificent. 💹 It will begin to start it price for earnings information on the portfolio pay 🏦 📃 for the Lost market portfolio investment money 💲🛡️🍏🦠📸💪
@timothygreen6058
December 26, 2023 at 7:03 pm
When the market price the market price especially when it's the bank on that higher rates 💹⁉️🤔🌎📊🛡️
@timothygreen6058
December 26, 2023 at 7:03 pm
Exactly 💪🛡️🆗🌍📬🦠💵💲📃🛑💯🍏📊
@timothygreen6058
December 26, 2023 at 7:03 pm
The market account every dollar in the bank. 🌍 A I talk to other AI market across the globe 🏦🏦🏦💹 this is how the market keep up with it actually account with the market money 📸💪🛡️🆗
@timothygreen6058
December 26, 2023 at 7:03 pm
Yes they must stop taking from the investment portfolio money in the stock market. When it's is on the dollar. Investment money 💹🦠🤧⁉️🤔💯🏦😡🌍📬💯🛡️📸💪
@chioma3100
December 26, 2023 at 7:03 pm
I think it's higher for longer for some; bailouts/giveaways for others; major losses for Main St.
@timothygreen6058
December 26, 2023 at 7:03 pm
When the investment portfolio pays. The market will continue to pay for the portfolio investment money on dollar market rates for longer rates higher prices rate 💹🌍📬😡 don't try to take from the market when the market is adding a lost price in the stock market money 💵📃 investment portfolio money 😡🦠⁉️🤔
@mgray3130
December 26, 2023 at 7:03 pm
I think the FED and all the members visit rural TEXAS. We are not on the fence for most lower income makers! Visit the grocery store and look in peoples baskets. Ramen noodles and frozen pizza, no steaks in baskets for most of the group of people I'm talking about.
@purpledragonartwork85
December 26, 2023 at 7:03 pm
BABABOOEY BABA BOOEY BABABOOEY BABA BOOEY 🐒🍌🐵
@SACAPITALMARKETS
December 26, 2023 at 7:03 pm
Let’s gooooo… 💵💶💷💴