Joining us now with more is Joe Leavourney. He is counselor to Treasury Secretary Scott Bessant. Joe, your expectations of that house vote tonight.>> Well, thankfully uh the Democrats, as the secretary mentioned, uh came over on our side, Brian. Uh we didn't have the votes. It wasn't our fault.Uh but the Democrats finally uh some of them uh cooler heads prevailed and they came over. The Senate passed the uh the resolution. The House will as well.Uh unfortunately there's been some damage uh done from the shu ...

Welcome back. The art market looking to rebound with some high-profile pieces going to the auction block this week. Our Robert Frank is live at the new Southern headquarters and joins us this morning.Hey, Robert. >> Carl, great to see you. Well, more than$1.4% billion dollars worth of art expected to sell just next week.That would mark an increase of 58% over last year and the first increase in over three years for an art market that really has been in contraction for those three years. The auction house is ...

All right, joining us now with his uh take on the markets, Wall Street veteran Chuck Cloud. The man, the myth, the legend. He's chairman and chief investment officer of Cloud Capital.Was one one of the few uh select few to accurately call the dot bubble. One of my colleagues at Meil Lynch uh in the 80s. You've been in the business 59 years.>> It's a good big good number. Let's start 45. Um, and in my office, people knew, but I mean, we were all, they were all screaming eagles in my office.Jack Joyce, Jerry, ...

Federal Reserve Governor Stephen Miran on Friday said that if stablecoins end up enjoying widespread adoption it could mean the central bank needs to keep short-term interest rates lower than they would otherwise be. ...

Core Insights - The current state of mergers and acquisitions (M&A) is experiencing a 9% drop in activity during the first half of the year, attributed to market uncertainties, including tariffs and interest rates [2] Group 1: M&A Activity and Market Conditions - Dr. Obonyo highlighted that uncertainties in the market, particularly regarding tariffs, are causing hesitation among companies to commit significant capital for M&A [2] - Key considerations for M&A include identifying the right target, ensuring the right price, and planning for post-merger integration [2] - Mark Henkels noted that higher interest rates are influencing deal activity in the industrial sector, leading to more creative deal structuring beyond all-cash transactions [2] Group 2: Strategic Priorities in the Industrial Sector - The focus in the industrial sector has shifted from pure growth to simplification and allowing investors to decide on diversification [2] - "Through-cycle" performance has become a key theme in industrial boardrooms, emphasizing the need for growth that can withstand uncertainty [2]

In oral arguments yesterday about whether the president has legal authorities to issue tariffs under emergency economic powers, the Supreme Court justices seemed to express some skepticism about the administration's arguments, even some of the most conservative justices on the bench. What was your reaction to those arguments. Are the tariffs in danger.Well, I mean certainly the court asked a lot of questions and the president has worked incredibly hard to address what clearly is an emergency situation with ...

Group 1: Layoffs and Job Market - Over 1 million people have been laid off in the US this year, marking a 65% increase compared to the same period in 2024 and 44% more than the total job cuts announced in all of last year [1] - In October, US employers cut more than 150,000 jobs, the largest reduction for the month in over 20 years, driven by technology and warehousing sectors [3][31] - The rise in layoffs is attributed to the adoption of artificial intelligence, slower consumer spending, and hiring freezes [7][85] Group 2: Market Reactions and Stock Performance - The stock market has reacted negatively to the surge in layoffs, with major indices like the Nasdaq falling by 1.9% and the S&P 500 down by 1.2% [5][17] - Concerns over the valuation of tech stocks have led to significant sell-offs, with over $420 billion wiped off the value of the largest seven US tech companies [6] - Notable declines in tech stocks include AMD down 7.1%, Intel down 3.8%, and Nvidia down 3.3% [4][5] Group 3: Economic Indicators and Predictions - The current job cuts are the highest since 2020, indicating a potential downturn in the economy [6] - The Bank of England has maintained interest rates at 4%, with expectations of potential cuts in the future depending on inflation trends [12][73] - Economic forecasts suggest that the unemployment rate in the UK could rise to 5.1% by spring next year, higher than previous predictions [70]

Group 1 - Gold prices have steadied as traders assess comments from Federal Reserve officials and data indicating a significant weakening in the US jobs market, which raises the possibility of lower interest rates [1][3] - US companies have reported the highest number of job cuts for any October in over 20 years, according to Challenger, Gray & Christmas Inc, contributing to a weaker dollar [2][4] - The current economic conditions are difficult to evaluate due to the longest government shutdown in US history, which has delayed key official data [4] Group 2 - Gold is on track for its best annual performance since 1979, with prices supported by US rate cuts, inflows into bullion-backed ETFs, and increased central bank purchases [5] - Economists at Macquarie Group predict a decline in gold prices over the coming year after a 50% year-to-date rally, citing factors such as rebounding global growth and easing tensions between the US and China [6] - Macquarie suggests that any decline in gold prices will be slower than previous peaks, with prices expected to remain above $2,000 an ounce throughout Donald Trump's presidency, although geopolitical tensions could lead to further rallies [7]

The world is sitting back waiting, not-so-patiently, to see what the Federal Reserve, led by Jerome Powell, decides to do with interest rates ahead of 2026. ...

Nucor Corporation (NYSE:NUE) is one of the stocks Jim Cramer recently commented on. Cramer discussed the stock in light of interest rates, as he said: “I am looking for stocks you don’t have a buy and a sell. You just own them. I waffle on the builders of data centers, too. I think they may have secular growth, meaning growth that doesn’t depend upon the health of the broader economy. That’s the kind of growth I’m looking for. I just don’t know if they have enough of it. I feel the same way about Nucor. G ...