Today's topics include Timiraos lays out the Fed's next options, real yields hit 2%, a note on payrolls' annual benchmark revision, Fed officials' disagreement on the rise, S&P cuts ratings on banks, China's policy response to a weakening economy, what would the average American demand to change jobs?, and homeownership & rental rates in Europe
Deposits continue to leave banks for market-oriented alternatives like money market funds. Banks continue to tighten lending standards, dragging on smaller companies that depend on banks for financial services.
Q2 2023 earnings season is coming to a close. S&P 500 operating earnings have continued their decline in 2023, with a rebound expected later in the year and into 2024. This will be the final earnings update for Q2 2023.
Today's topics include Timiraos suggests low interest rates are relic of the past, the Fed will remain hawkish until something breaks, reasons for caution on future GDP estimates, more on consumers' dwindling savings, who is buying U.S. Treasuries?, zero day options, refinancing debt, magnificent seven bonds, and an eye on shipping as an economic indicator
Jim Bianco joins CNBC to discuss the Reasoning & Impact of Higher Bond Yields, Jackson Hole & China with Kelly Evans, Tyler Mathisen and Ron Insana.
Today's topics include more on China's challenges, interpreting Chinese data, no landing, the end of the bond bull market, checking in on Europe's natural gas storage, focus turns to options market ahead of Jackson Hole, and housing market defies expectations
Today's topics include household savings running low, Summers sees 10-year rates going higher, GDPnow continues marching higher, the FOMC minutes see significant upside risks to inflation, the magnificent seven, housing affordability suffers as mortgage rates rise, more on Chinese deflation, and tracking 401k millionaires
The globalized economy drove deep ties between China and the United States. As both nations strive to become less reliant on each other, signs point to two diverging economies.