Two-thirds of the way through the Q3 earnings season, better-than-expected earnings are driving full-quarter expectations higher. Expectations for earnings growth had fallen significantly before the reporting season.
Today's topics include Timiraos had a busy weekend, El-Erian on Fed policy, checking in on the Fed's reverse repo facility, yields rising in the face of Fed cuts, the Trump trade, a divided economy, and lingering doubts about Chinese stimulus
Jim Bianco joins CNBC to discuss Rising Bond Yields & Fed Rate Cuts with Kelly Evans and Michael Kantrowitz.
Weather and strikes have muddied the payroll report's economic signaling. We will have to wait for revisions. The unemployment rate was not muddied, pointing to some strength in the labor market.
The 10-year lost 3.60% on a total return basis in October, marking one of its worst monthly returns since the pandemic. Gold continues its great year.
Today's topics include volatility accelerates, tech takes an earnings hit, China stimulus could be boosting manufacturing activity, U.S. oil production, is the massive AI spend paying off?, election trades, buying an index with stocks at record highs, and Jim talks bitcoin
The U.S. makes up over a quarter of world GDP. China and Japan have swapped spots in terms of economic output over the past several decades.
As foreign central banks and the Federal Reserve own a smaller portion of the U.S. Treasury market, price-sensitive buyers take on increased importance to bond price discovery.
Personal consumption accounted for 2.46% of GDP's 2.80% rise in the third quarter.
The betting markets and polls paint the picture of an election that is too close to call.