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Pending home sales May +1.1% year-over-year
CNBC Television· 2025-06-26 14:32
Fresh housing data just crossing. Diana Olic has that for us. Diana.Well, David, pending home sales in May rose 1.8% from April and were 1.1% higher than May of last year. That according to the realtors. This is a small beat.The street was actually looking for basically flat. Now, this count is based on signed contracts. So, people out shopping in May when mortgage rates were climbing and briefly went over 7% on the 30-year fix.Regionally, sales were strongest month-to-month in the Northeast and West, but c ...
Watch CNBC's full interview with Chicago Fed President Austan Goolsbee
CNBC Television· 2025-06-26 13:40
Chicago Fair President Austin Goulby joins us now exclusively here on CNBC. Austin, you heard the data and I don't need you to comment on the details of the data unless of course you want to, but the everything looks like it's doing a little better. You know, the desert island indicator jobless claims it just really fails to go up and maybe it's it it it's green going to yellow, but it's just barely.So, what's your take on this data. I mean, I thought two things. One, I gotta go I gotta get Rick over to the ...
Home builders facing more competition from existing homeowners selling: Zillow's Orphe Divounguy
CNBC Television· 2025-06-26 13:38
New home sales down nearly 14% in May. It was the biggest month overmonth decline in three years as buyers continue to grapple with stubbornly high mortgage rates. Today's data sending housing stocks lower with the ITB home construction ETF down over a percent and snapping a 4-day winning streak which had been its best stretch since January.For more, Zillow senior economist Ore Debongi joins us right now. Or great to have you with us. Thanks for having me.I was I was actually enjoying the the debate there. ...
Fed's Daly on Interest Rates, Inflation, Tariff Impact
Bloomberg Television· 2025-06-26 13:35
I want to start with this data and maybe we can spend some time on a palace intrigue later on. Jobless claims, initial claims lower than expected, continuing claims higher than expected and creeping higher over the past few months. From your vantage point, president title, how much weight would you put on one versus the other.And what's the labour market picture look like in your point of view, your opinion. Well, the labor market is shaping up to be solid and the data today confirmed that. Now, continuing ...
Jobless claims fall, GDP revised lower, durables orders soar
CNBC Television· 2025-06-26 13:14
Rick Santelli is standing by at the CME in Chicago. And uh Rick, take it away. Let's see the numbers.Yes. And there are a lot of numbers, so we're going to go slow. And let's start with well, let's start with durable goods, shall we.On durable good orders, we're expecting a number that's going to be somewhere in the vicinity of up 8 to 8 and a half% on a preliminary, not coming across the screen. So, we're going to switch gears. We're going to look at the trade balance minus 96.6% billion.So the good news t ...
Sen. Elizabeth Warren: I want to see interest rates come down
CNBC Television· 2025-06-26 13:02
Fed Chair Jay Pal faced two days of grilling on Capitol Hill. Yesterday, Senator Elizabeth Warren asked why the Fed's inflation forecast is now higher than it was just six months ago. Senator Warren joins us this morning. She's the lead Democrat on the banking committee. And Senator, thank you for being with us this morning. Happy to be with you. Why don't we get at your line of question from yesterday? Um, you were really getting at this idea of where inflation targets for the Fed are headed. What What's u ...
Rep. Chris Roy: Senate tax bill 'needs to improve' before it comes back to the House
CNBC Television· 2025-06-26 12:42
We're just a week away from the White House's uh self-imposed July 4th deadline to pass President Trump's mega bill. But even if it passes the Senate this week, the version they're sending back to the House is getting push back from some Republicans joining us now, Republican Congressman Chip Roy. Uh and you've made some some strong uh cases in the past on how you feel and you feel strongly congressman.Is is the Senate version in from what you know uh a a better do you like it more than than what the House ...
X @Investopedia
Investopedia· 2025-06-26 12:30
Everyone’s waiting for the Fed to cut rates—but will mortgage rates even fall when it happens? Here’s what homebuyers should know before banking on a drop that may never come. https://t.co/takTr1UAr5 ...
A broadening of the market is beginning, says Dynamic Funds' Noah Blackstein
CNBC Television· 2025-06-26 12:09
joining us now with more on the markets, Noah Blackstein, Dynamic Funds, senior portfolio manager. Uh, no, we u, you know, we looked into the abyss when we I think the S&P got down to God, was it 4,800. I don't know where it was.We're we're almost all the way back to new highs. More new highs or now we look around and say, "Okay, what do we do?" Um, we're back to where we started the year basically up a little. We're up just a little.I mean from from the abyss we're up a lot obviously but um you know just f ...
X @Ansem 🧸💸
Ansem 🧸💸· 2025-06-26 10:19
RT vittorio (@IterIntellectus)people keep saying that birth rates cannot be fixed, but birth rates aren’t collapsing by accident.they collapse when a civilization systematically convinces its people to avoid reproduction culturally and spiritually, and sterilizes them, chemically.this isn’t a mystery. it’s a design failure (or success). and it can be reversed. ...