HIS TERM WILL BE UP IN THREE. AND THAT GIVES US AN OPPORTUNITY TO TURN THE PROVERBIAL PAGE. BY THE WAY, ONE REPORT FROM DAVOS THAT SURPRISED ME WAS THE SUGGESTION THAT YOU HAD A VERY KIND OF AMIABLE INTERCHANGE WITH THE PRESIDENT AND HIS STAFF BEHIND THE SCENES, AND HE SAID, GAVIN, YOU'RE GOOD.SO TELL YOUR VERSION OF THAT, AND HOW DO WE RECONCILE THE PUBLIC ANIMOSITY AND THE PUBLIC. MY WIFE IS HERE. I HAD CLOSE TO A 20-MINUTE CONVERSATION WITH TRUMP THE NIGHT BEFORE HE FEDERALIZED THE GUARD, BEFORE HE LIED ...

Is closing the investigation enough a senator, or do you need other assurances that you think this administration is going to respect the Fed independence. Well, right now I think you do that by making a judgment. Look, we've got two cases here, right. We've got the Cook case and we have the Powell case.Both of those, to me, are instances of trying to undermine the credibility of the Fed independent. And I'm I'm staying focused on that one goal. I'm not really persuaded or even willing to entertain any disc ...

We have some news this morning. As you know, Kevin Warsh has been nominated by the president of the United States to succeed Chairman Power. Does it change anything for you, sir. No, it does.I am pleased with the nominee. I think that by most accounts he's well regarded. But we still have to clear the current matter.Look, they're pursuing a on the basis of criminal intent testimony and a banking committee hearing that clearly had no criminal intent. So to me, you've got some assistant U.S. attorney with a d ...

I think Kevin Walsh is an incredibly strong intellectual candidate. He has very strong views on the role of the Federal Reserve. So I think he believes in a narrow central bank, a central bank that will have a much smaller balance sheet, a central bank that should stick purely to interest rates and not opine on other things such as climate denial.And also, you know, sort of the shift in its mandate to include in inclusive employment. So I would say he is a very sort of orthodox figure from his past sort of ...

The kind of big headline for me was the capital expenditures commitment $20 billion this year. You know full well it's way beyond what they might do in a typical year. So let's start with that.You know it's clearly a signal that these things that Elon Musk has kept you guys looking to the horizon on for some time. Now it's on paper. It's time to act.>> Yes. Um well, you know, I I I think the capital expenditures are not too surprising to us. um we had fairly aggressive uh investment estimations in in our pu ...

As somebody who's followed the company for quite a while, we are all surprised about the Model S and Model X, essentially, in the words of Craig Trudell being put out to pasture. Ouch. No, not at all.I think that was pretty much expected, right. I mean, this company is moving to more towards autonomy. It's more of an A.I. investment, right. Robotaxi Humanoids.Right. The car business is is is in the past. Really.We've known about this for a while now. Maybe it's the final nail in the coffin, so to speak. Whe ...

The media is is has been following this like it's a reality show. Basically write one person's up, one person's down or a bit of a known quantity. Given that he's been on the Fed before, he's been through Senate confirmation process.I think the biggest question is how the Senate is going to greet him, how Republicans are going to greet him, because we know that one of them, Senator Thom Tillis, has raised concerns about any nominee that Trump puts forward because of the ongoing federal criminal investigatio ...

You've been talking about the prospect of this happening for a while. Your feelings this morning. >> Um, I think you know my feelings, John.I I think the president had a range of better choices and he picked the worst one in front of him. >> What gives you confidence, Neil, that that's actually going to bear out during his purported tenure should he get confirmed given the fact that he has had a different rhetoric over the past couple of months and frankly convince President Trump. Well, I mean, it's one th ...

Well, he is everyone's least favorite candidate. I mean, I mean, to me, look, the main criticism I have of Kevin Warsh is lack of judgment. Okay.Because. The performance. His performance during the financial crisis was not a pretty a particularly good one.And I think you could say arguably that it is disqualifying. I mean, to be that concerned about inflation at a time when the unemployment rate was rising very rapidly, you know, it kind of strains credulity. So.And in the years since. Everyone makes bad ca ...

Good morning. It's Friday the 30th. Here's what's on the agenda.Is Warsh heading back to the Fed market start to price that as an outcome. And the tech spotlight falls on Apple. Yup.Futures point high up gains of 4/10 of a percent after a tech led sell off across the European session yesterday. But here is the focus. It is dollar strength.The greenback is back up 4/10 of a percent on the fed speculation and expectations around kevin warsh. Gold taking a hit down 4.4%, but still up around 18% year to date. T ...