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 ...

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 ...

You were criticizing the Federal Reserve chair before coming to this summit. I think he's terrible. I was wondering if you've begun interviewing different candidates for the Fed pick.Yeah, I I I know within three or four people who all going to pick. I mean, he goes out pretty soon fortunately because I think he's terrible. He's an average mentally person.I'd say low in terms of what he does. Low uh low IQ for what he does. Okay.Uh wait. So unsaid instead of paying $900 billion dollars, we don't want to pay ...

Well, joining us now is BNY Investments chief economist and former Federal Reserve Director of the Division of Monetary Affairs, Vincent Reinhardt. It's great to have you back on the show. Welcome.I want to start right there because we've had a lot of Fed speak to start the week and certainly Powell with his semiannual testimony on the Hill, part one of two days here today. The market seems to be taking his messaging maybe slightly more doubbish. But I'm not sure it's the right way to take his messaging, bu ...

CNBC's Steve Liesman reports on Federal Reserve Chair Jerome Powell's testimony before the House Financial Services Committee. ...

Source: The White House, USTR, US Department of Commerce, US International Trade Commission, Morgan Stanley Research The interplay of country and sector tariffs, we believe, are a function of practical and legal considerations. Early this year, when tariff expectations were being formed, we predicted that the administration would first focus on "country" tariffs because of the complexity of implementing sector tariffs in short order. Indeed, the administration moved to country buckets before then shifting f ...

Okay, we're gonna pass from Steve to Steve. So, Steve Graass, so I'm going to kick it off with you just because the name was top of mind. Nice.Uh, have Steve Leeman on more. Well, listen, two big interviews today. Waller made comments.I just don't know if anybody has any visibility, including Jay Pal on down about where things are going to be given we don't know what oil prices are going to do, inflation's going to do, tariffs are going to do. So, you know, when you look at uh the Treasury Secretary uh Bess ...

On this Fed day, no change in interest rates. The Fed just announcing a moment ago it's leaving its benchmark rate unchanged. And not a huge surprise if you've been with us here on Bloomberg, I'm glad to say.We're joined now by Senator Elizabeth Warren, the Democrat from Massachusetts, with us live from Capitol Hill. And it's great to see you, Senator. Welcome back to Bloomberg.You've been calling for cuts here on Bloomberg for months, much like President Trump has. In fact, just today, he called on Jay Pow ...

Here's a question some Fed-watchers, including the President of the United States, have asked lately: Why won't the Fed cut interest rates already? Fed Chair Jerome Powell has answers. https://t.co/qFPv4wNBKa ...

For more on the Fed, let's bring in Jeffrey's chief market strategist, David Zervos, and former Richmond Fed President, Jeffrey Lacker. Guys, welcome. Uh, Jeffrey, so uh, the Fed seems to be listening to these calls for a meaningful amount of inflation perhaps in the back half of the year.What's the meaningful data that could counter that and still lead to a cut. Is it employment related. No, I don't think so.Um, I mean, if employment fell out of bed, of course, they'd react, but it looks like the employmen ...