IN YIELD, MAYBE THAT DOES LOOSEN THINGS UP A LITTLE BIT. ALTHOUGH I WASN'T PARTICULARLY ALARMED AT THE LEVEL THAT LONG TERM YIELDS HAD GOTTEN TO IN THIS RUN. >> ALL RIGHT, MICHAEL SANTOLI, MICHAEL, THANK YOU VERY MUCH. ALL RIGHT.LET'S GO BACNOW TO OUR PANEL. WE GOT JIM FRANCIS AND DAVID FRANCIS, I WANT TO GO TO YOU BECAUSE LET'S TALK ABOUT THE JOB MARKET. AND I'M GOING TO COMPARE THE LAST MEETING MINUTES AND YOU'LL FORGIVE ME I GOT TO LOOK DOWN AND READ IT.HERE'S WHAT THEY SAID AT THE LAST MEETING MINUTES A ...

The Federal Reserve reducing interest rates by an expected quarter point to a new range of 3.5% to 3.75%. There were three descents, the first time that's happened since September 2019. Two were against the cut, including Chicago Fed President Austin Goulby along with um Kansas City Fed President Jeff Smith.His second descent in a row. Also another disscent for a 50 basis point cut from new Fed governor on loan from the administration Steven Myron. To recap, the vote was nine for cutting a quarter, two agai ...

There are a huge number of orders uh that we're getting from uh put out by the hyperscalers. Do you really think all that's going to be built. Some of it's multi-phase. Some of it may be an overestimation.>> Yes, I do think all of it's going to get built. Certainly, everything we see in our backlog, without question, we see it getting built. We are working very closely with them on site selection, on project development.We're making progress. Now, what we talk about all the time is this is a larger market f ...

over at Goldman's 36th annual financial services conference underway in New York City. You've seen great content from there over the past day or so. Leslie Picker is there now joined exclusively by Blackstone President and COO Jonathan Gray.Perfect timing as we're about to hear from the Fed. Leslie, over to you. >> Perfect timing indeed.Kelly. John, thank you so much for joining us. As Kelly mentioned, it's a great day to have you and get your perspective really on the macro.I'm just curious what you're see ...

ORACLE. THEY'VE ISSUED $108 BILLION IN DEBT THIS YEAR. THAT IS A 500% INCREASE FROM JUST LAST YEAR.AND WITH THE FED ENDING QUANTITATIVE TIGHTENING LAST WEEK MY NEXT GUEST SAYS SIGNALS AROUND WHAT COMES NEXT ARE JUST AS IMPORTANT AS THE POLICY RATE. SOUNDS LIKE OUR EARLIER DISCUSSION LOW TONY IS FOUNDING MANAGING PARTNER AT PLEXO CAPITAL AND A CNBC CONTRIBUTOR. IT'S GOOD TO HAVE YOU HERE.THANKS FOR HAVING ME. SO THE FED, SOME SAY, NEEDS TO MAKE SURE THAT IT DOESN'T FURTHER STOKE AN AI BUBBLE HERE. DO YOU SHA ...

Our next guest says today's cut is an insurance cut against a weakening labor market. Let's bring in Claudia Som, chief economist at New Century Adviserss, creator of the SOM rule. Claudia, it's great to see you.Let me just set this up a little bit because we had Jason Ferman earlier saying we shouldn't cut because of inflation and because of the deficit. Those pressures are still too high. Um, obviously others are are more doubbish.They think that we can and should. Explain where you come down on this. >> ...

You also had the experience of working very closely with Barry Diller when you were at Vimeo. What did you learn from working with him. He's a legend. >> He is a legend, you know.Um I think probably if I were to describe the experience, it was like being thrown into the deep end of the pool and learning to swim. And I say that because in the most positive way, which is I think that was really the philosophy that Barry and his protege Joey Leven and and everyone at IA had, which was this belief that you know ...

Congressman Josh Gottheimer (D-New Jersey) is co-leading his party’s congressional commission on AI, and he highlights bipartisan efforts to legislate AI and technology safety. Former SEC Chair Jay Clayton, now U.S. Attorney for the Southern District of New York, discusses AI regulation and affordability and crime in the city. Plus, President Trump is inching closer to announcing his pick for Fed Chair and CNBC’s Emily Wilkins reports on the Republican reactions to President Trump’s plan to allow Nvidia to ...

Markets are widely expecting a third quarter point cut in the last Fed meeting of the year. The definitive odds are at 91% today, but our next guest says the market has it wrong and easing is a mistake because inflation is well above target. Joining us now is Jason Ferman, former chair of the Council of Economic Adviserss under President Obama, now with Harvard's Kennedy School.Jason, it's great to have you here. I did ask our previous more dovish guest, I don't know if you caught that, um why he thinks tha ...

Fed Policy & Market Expectations - The market anticipates a hawkish Fed cut, with uncertainty about future cuts possibly extending until June [2] - A dovish cut, indicated by projections showing more rate cuts next year, would be bullish for the market [3] - Markets have adjusted to the idea that the Fed is institutionally slightly hawkish, potentially due to external pressure to protect its integrity [7] - The market is bracing for the December meeting, which is why a surprise is possible [8] Quantitative Easing (QE) & Tightening (QT) - The Fed eased primarily using its balance sheet but tightened by draining reserves from the system, causing plumbing issues [11] - Buying Treasury notes and mortgage-backed securities lowers long-term rates, influencing equity prices and risky assets, and suppresses volatility [12] Potential Risks & Opportunities - Acknowledging the balance of risks shifting could signal underlying economic fragility [4] - Ending QT is essentially QE [4]