Similar to yesterday's ADP report, US initial jobless claims came in better than expected: 779,000 compared to the consensus expectation of 830,000 and last week's 847,000. Continuing claims also beat on the upside, coming in at 4.592 million. All of which is to say the economy is proving more resilient than expected. #economy #jobs #employment #unemployment #recession #growth …see more
Attached/below from The Hill re the latest on fiscal negotiations: "Splitting off the two issues could make it easier to convince congressional leaders to take up a smaller coronavirus deal and either pass it or add it to a must-pass government funding deal." #economy #markets …see more
The Financial Times on "a year when everything unexpectedly came together" for capital markets in China -- bonds, fx and stocks. https://lnkd.in/g5NHaAZ #markets #economy #currency #foreignexchange #Chinese #investing #investors #em #EmergingMarkets #ft #China #bonds #financeandeconomy #centralbanks #equities #equities #stocks #volatility #monetarypolicy #globaleconomy #fx #covid19economy #liquidity …see more
Various hypotheses in research notes this morning on why Federal Reserve Chair Jerome Powell seemed to "struggle" in answering some questions in his press conference re the inflation outlook, asset purchases, financial stability and the Main Street Lending Program. Hypotheses being put forward include him... Not wishing to suggest that monetary policy instruments are becoming less effective; Being quite pessimistic on the outlook for fiscal stimulus; and/or Not wishing to admit that the Fed is also trying to "insure" the financial system against electoral uncertainties. #fed #federalreserve #markets #inflation #economy #bonds #investing #stocks #equities #monetarypolicy #economics #centralbanks #currency #investors #gdp #gold #fx #volatility #unemployment #powell #foreignexchange …see more
From The Wall Street Journal and worth a look: How today's Fed statement differs from the prior one: https://lnkd.in/ge-ERqG The bond and, to a lesser extent, the foreign exchange markets have a lot to chew on. This promises to be an interesting press conference for Chair Powell. #federalreserve #economy #centralbanks #fed #markets #bonds #equities #inflation #monetarypolicy #economics …see more
Healthy pullback or start of a major correction? That's the question on many market participants' minds. Technicals rather than fundamentals will be the determining factor here -- particularly the extent to which market consensus shifts from a relative to an absolute mindset. For background: https://lnkd.in/gVwFaEj #markets #investing #investors …see more
Record weakness in the exchange rate of the Turkish Lira versus the dollar is among the market moves capturing attention this morning. This development in Turkey is particularly notable because the recent domestic currency weakness has occurred in the context of very loose global financial conditions and what many have characterized as generalized dollar weakness. #currency #markets #investing #dollar #fx #economy #emergingmarkets #monetarypolicy #em #Turkey #dollar …see more
The video link to this morning's conversation with Jonathan Ferro, Lisa Abramowicz and Tom Keene. Thank you for having me on your show. https://lnkd.in/gQHUfjs https://lnkd.in/g-b86DE #economy #markets #investing #investors #stocks #bonds Bloomberg LP …see more
An interesting and important report from the IMF and World Bank on "Enhancing Access to Opportunities." So great to see the increased emphasis on the devastating impact of the inequality of opportunity ... and what needs to be done to improve things. https://lnkd.in/gJtAbks #economy #inequality #opportunity #imf #worldbank The World Bank International Monetary Fund …see more
Looking forward to the conversation on CNBC’s Squawk Box. Thank you Andrew Ross Sorkin, Becky Quick and Joe Kernen for having me on the show. #cnbc …see more
The consensus expectation of a 22 million job loss will set an historical record for this morning's US jobs report. Beyond this, information in the monthly report is either lagging realities on the ground, like the unemployment rate (consensus: 16%), or distorted (wage growth). With time, this report will provide again important information -- and not on sectoral developments. Over the next few months, It will help shed light on labor participation, the extent to which the unemployment surge will prove transitory, and how wages/hours worked will evolve. #unemployment #wages #economy #employment #unemploymentrate #jobs …see more
Quick Market Update The trading week has started in Asia Pacific on a positive tone. Stocks there are higher, as are futures for US indices (up around 1%). Other market segments -- such as foreign exchange and fixed income -- are notably calm. The one exception is oil, where prices are down 8% after last week's sharp rise. #markets #stocks #forex #equities #stockmarket #trading #interestrates #currency #fx #investmentmanagement #investing #selloff #selloff #centralbanks #centralbanks #yields #bonds #fixedincome #volatility …see more
Link to this morning's conversation on CNBC's Squawk Box with Joe Kernen, Andrew Ross Sorkin and Becky Quick -- on the market outlook, as uncertain as it is, and the importance at this stage of individual name selection (buys and sells) as opposed to index buying. https://lnkd.in/dgx7RQM CNBC #cnbc #stocks #centralbanks #investmentmanagement #volatility #equities #selloff #monetarypolicy #markets #investing #stockmarket #centralbanks #investmentmanagement #equities #forex #volatility #selloff #monetarypolicy #forex #bonds #liquidity #yields #bonds #liquidity #yields #ecb #emergingmarkets #federalreserve #fed #eurozone #fixedincome #inflation #assetallocation #interestrates …see more
The main conversations in the media (and on social media) seem to be: -how many people will die -how should we stock up in case of shortages -how to protect ourselves -how will the economy be effected -what is the difference between this and other pandemics -WHAT IS THE R NAUGHT!??? -will we be overrun by people needing beds!? -the second derivative of cases in South Korea. -"Trump!!!!' .... "Obama!!!" In other words, "ME ME ME ME". But, let's prove that a Community of good people can help where help is needed. . . . #coronavirusupdate #lifestyle #entreprenuer #market #downjones …see more
Friday marked the 3rd straight day the US surpassed 100,000 daily COVID cases. Dr Ashish K Jha: the US is a global hotspot and we have mismanaged the virus in a way that much of the world can't believe. GZERO Media | Listen to the #GZEROWorld podcast: https://lnkd.in/dMA-XP4 …see more
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I love this video, love the clarity of thinking, the precision of articulation. As someone who is massively lucky to have a career and hobbies that align well with my vocation, I also accept it means I feel like I'm both always working and never working. It makes it very hard to rest. To not find everything related fascinating. To say no to anything that I'll learn from. There is no place or time I start or stop working, it's a blur. …see more
Pretty impressed to learn about all this AI software that predicted Trumps win but told us after the event. I prefer my predictions before.
Back in high school I took a career quiz; sales. My father (who worked in #sales ) told me I should go into the profession as, and I quote, “I could talk a dog off a meat wagon.” Alas, I went into #marketing for a startup whose Chief Revenue Officer ( Michael Bird ) used to say “everyone is in Sales.” So, it was not entirely outside my comfort zone to emcee today’s Sales Leader Summit #RevItUp from Lori Richardson . Fantastic day! …see more