Wall Street is reacting to a better-than-expected labor sector reading this morning. The US economy added 254,000 jobs in September, coming in significantly above the 150,000 expected by economists. Meanwhile, the unemployment rate ticked slightly lower to 4.1%, coming in below the 4.2% expected by economists. Citi senior global economist Robert Sockin and Academy Securities … Read more
The International Longshoremen’s Association (ILA) strike has entered its second day, impacting ports along the East and Gulf Coasts and causing significant ripple effects across multiple industries. top executive and president of the American Trucking Associations, Chris Spear, joins to discuss the situation and its impact on the trucking sector. Spear notes that although the … Read more
Amid reports that Qualcomm (QCOM) approached Intel (INTC) about a possible takeover, Futurum Group chief sector strategist Cory Johnson sits down with Josh Lipton and Julie Hyman on sector Domination to take a closer look at what a potential acquisition would mean for the two chip companies. “This would be the biggest deal in the … Read more
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For the first time in more than four years, the Federal Reserve has cut the target for its benchmark finance charge rate, slashing it by 50 basis points. Morgan Stanley Asset Management Co-Head of Broad Markets Fixed revenue Vishal Khanduja notes that, based on the Fed’s projections, unemployment is now in focus rather than inflation. … Read more
JPMorgan Asset Management chief global strategist David Kelly joins Julie Hyman and Akiko Fujita at the Future Proof Festival to discuss the state of the US economy as the Federal Reserve is expected to make its first finance charge rate cut in four years this week. Kelly calls the current economy “healthy,” explaining, “the unemployment … Read more
Drawn by higher earnings, international companies have long accepted the faults of China as a marketplace: restricted sector access, intellectual property issues, vague funding rules. But as company weakens, many global giants are pulling the plug, directing investments to other countries instead. China no longer seems like the safe bet it’s been for decades. Subscribe: … Read more
Investors eagerly await a potential finance charge rate cut from the Federal Reserve at its September FOMC meeting next week, but uncertainty could likely persist in markets . AlphaSimplex Chief Research Strategist and investment mix Manager Katy Kaminski joins to discuss her industry outlook in light of this expected fiscal policy shift. Kaminski notes that … Read more
Corient partner and wealth advisor Amy Kong joins sector Domination hosts Julie Hyman and Josh Lipton in a discussion about what this week’s economic data means for expected finance charge rate cuts and what’s next for the sector after the focus shifts beyond the first cut. “We are certainly at a point where the surge … Read more
The August jobs report came in weaker than expected last Friday, leaving investors wondering how the labor print, along with upcoming inflation data releases this week, could impact Federal Reserve policy and the broader economy. To discuss the economic outlook, Morningstar Chief US Economist Preston Caldwell joins Catalysts. Caldwell believes the Fed will continue cutting … Read more