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
The tech sector (XLK) is under pressure Friday, with the Nasdaq Composite (^IXIC) tumbling 2.5%. Goldman Sachs Senior Equity Research Analyst Eric Sheridan joins industry Domination to discuss his outlook on the digital consumer. Sheridan notes that when it comes to the digital consumer, there isn’t a “black and white” answer regarding the health of … Read more
Shares of Broadcom (AVGO) are under pressure after its lackluster sales forecast for the fourth quarter overshadowed its earnings beat. The Futurum Group top executive Daniel Newman joins Morning Brief to dig into the chip firm’s earnings and its overall outlook amid a heated AI race. “Clearly, the street wasn’t happy. They were looking for … Read more
The US Bureau of Labor Statistics reported that 142,000 nonfarm jobs were added to the labor industry in August, below expectations for 165,000. The unemployment rate eased to 4.2% and average hourly wages moved higher to 3.8%. The Morning Brief welcomes RSM Chief Economist Joe Brusuelas and Academy Securities Head of Macro plan Peter Tchir … Read more
ISM’s Services PMI (Purchasing Managers’ Index) saw the sector grow in August, according to a print of 51.5 which was above expectations for 51.4. “We’re putting every data point under a microscope,” Freedom Capital Markets chief global strategist Jay Woods tells Madison Mills and Brad Smith on Catalysts, emphasizing the importance of economic data leading … Read more
Berkshire Hathaway (BRK-B, BRK-A) top executive and chairman Warren Buffett has trimmed the holding firm’s stake in Apple (AAPL) and money institution of America (BAC). Berkshire Hathaway continues to be the largest money institution of America shareholder. To talk more about Buffett’s and Berkshire’s latest collection of investments moves, collection of investments Wealth Advisors President … Read more
Tom Lee, Fundstrat Global Advisors managing partner and head of research, joins ‘Squawk Box’ to discuss the latest industry trends, state of the economy, why investors should remain cautious from September until election day, what to expect from Friday’s jobs report, impact on the Fed’s inflation fight, rate path outlook, and more. Disclaimer: If you … Read more
The Federal Reserve is poised to cut rates at its September meeting, but there is still debate as to how much they will cut by. PNC economic assistance Group Chief Economist Gus Faucher gives his takeaways from the latest economic data — including the July Personal Consumption Expenditures report and the second quarter GDP revision. … Read more
David Rosenberg, Rosenberg Research founder & president, joins ‘Fast Money’ to talk why he predicts a recession is imminent. Disclaimer: If you own the YouTube channel related to this video and do not want it to be featured here, you can contact us through our contact page. We will gladly remove it without questioning your … Read more
The Federal Reserve has even further information on the health of the US economy as GDP (gross domestic product) for the second quarter was revised higher from 2.8% to 3%, showing the economy is growing at a steady pace. Does this new information give the Fed even more confidence to cut finance charge rates in … Read more