Well, let's stay on the market, bring in unlimited CEO and CIO Bob Elliot, the gold bug I mentioned before, but let's start with the Fed and what's going on there. You think Powell's caving. >> Well, I I think basically when you look at the change in his statement at Jackson Hole versus where he was just a few weeks before in the presser, it seems like there was a pretty material shift in the positioning uh particularly getting to a a focus on the labor market.I don't know how many times in the last presser ...

Inflation & Economic Indicators - Personal Consumption Expenditures (PCE) index came in line with expectations [1] - University of Michigan sentiment data metrics went lower [3] - Data on income spending and real spending was pretty good [4] Bond Market Analysis - Two-year note yields are decreasing due to expectations of a Federal Reserve (Fed) meeting and anticipated rate cut [3][4] - The chance of a 25 basis points cut in September is close to 90% [3] - Long end yields are influenced more by economic data than inflation [4] - Steepening of the twos-10 spread suggests the Fed is likely to ease, and the long end is positive about the economy [5] Treasury Market Volatility - Treasury market volatility is at its lowest level in four years [6] - The ranges of yield movements are getting smaller, and close-to-close values are getting tighter [6]

Lawyers clash over fate of Fed governor Trump tried to fire https://t.co/yzTownv87z ...

Following today's PCE and consumer sentiment data, as you can see, the S&P 500 off by a little more than half a percent. Wells Fargo Investment Institute senior global market strategist Scott Ren joins us. If we were to ask you to take that rarack test that Steve was just talking about and interpret disperate data, how do you read it on the economy.Well, I tell you, uh, Contessa, we're looking for the economy to slow. And you know, Steve mentioned that Atlanta GDP number, which you know, I'm you know, I I'm ...

US Treasuries maintained their weekly gains fueled by anticipation of Federal Reserve interest rate cuts after the central bank’s preferred gauge of inflation matched economist estimates https://t.co/bSXqkovMJV ...

Turning back, though, quickly to the legal fight between Trump and Governor Lisa Cook. Bloomberg's Tyler Kendall is outside the courthouse in Washington and joins us now. Tyler, what's the latest.Yeah. Hey, Amari. Well, I'm expecting it to get a lot busier where I am shortly as this federal judge is expected to start looking into this case brought by Fed Governor Lisa Cook against President Trump over his attempts to oust her from the Federal Reserve.Now, the first matter at hand is that Cook has filed for ...

Monetary Policy & Leadership - Potential removal of Lisa Cook from the Federal Reserve [1] - Aim to secure a majority within the Federal Reserve [1] - Target interest rate cuts of 300 basis points (3%) [1] Cryptocurrency Market - Expectation for Bitcoin and Crypto market surge [1]

Legal Analysis - Lisa Cook, a Federal Reserve Board of Governors appointee, is suing Trump, arguing he cannot fire her without cause due to the Fed's structure [1] - The Supreme Court views the Fed as a "uniquely structured quasi private entity," suggesting the President's power to fire Fed officials is limited [3] - A legal failure for Lisa Cook could potentially lead to Jerome Powell being targeted [3]

If President Donald Trump successfully removes Federal Reserve Governor Lisa Cook, his appointees could control the central bank for years to come. https://t.co/urhzzbznO7 ...

Political Landscape & Potential Risks - The analysis suggests a growing pushback against perceived autocratic tendencies, particularly concerning the independence of institutions like the Federal Reserve [1] - Concerns are raised about potential abuse of power, including the deployment of national resources and the undermining of scientific integrity [1][2] - The report highlights historically low approval ratings for the administration, indicating public disapproval of policies and substance [1][2] - The analysis points to potential threats to democratic processes, including discussions of extending presidential terms beyond legal limits [1][3] Economic & Financial Implications - The report suggests potential concerns among Wall Street leaders regarding government interference in the economy, particularly concerning central banking [2] - The analysis mentions pushback against DEI (Diversity, Equity, and Inclusion) initiatives and potential impacts on business contracts for minorities and women [2] Public Health Crisis - The report highlights turmoil at the CDC, with accusations of political interference in scientific matters and the promotion of policies that may harm public health [1] - Concerns are raised about the erosion of trust in vaccines and the potential for increased death and disability among vulnerable populations [1] Key Figures & Their Actions - Lisa Cook, a Fed governor, is reportedly filing a lawsuit against the administration over an alleged illegal removal attempt [1] - Gavin Newsom, the Governor of California, is portrayed as a vocal critic advocating for strong opposition to perceived abuses of power [1] - RFK Jr's involvement is highlighted, particularly his views on vaccines and potential interventions causing autism, raising concerns about the administration's stance on scientific matters [1]