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X @Bloomberg
Bloomberg· 2025-07-03 15:30
Atlanta Fed President Raphael Bostic called for patience amid uncertainty over economic policy and said a wait-and-see approach can help to ensure officials don’t have to reverse course on rates https://t.co/x9V0tKQCRO ...
ISM non-manufacturing PMI 50.8 vs. 50.5 estimated
CNBC Television· 2025-07-03 14:25
First, let's get some breaking uh economic data just crossed. Rick Santelli has that for us. Rick.Yes. And there's a lot of it. If we look at the factory orders, durable goods, let's start there.Factory orders for May up 8.2%. Up 8.2%. I have five years here. I don't have a higher number. That is a huge number.And that follows a slightly revised minus 3.7% that moves to minus 3.9%. We started out the year in single digits. It certainly seems though this is telling us that all the trade pulled forward may in ...
Bladex Leads USD 120 Million Syndicated Loan for Sudameris Bank, Supporting Its Growth in Paraguay
Prnewswire· 2025-07-03 13:50
Core Insights - The transaction involves a USD 120 million syndicated loan for Sudameris Bank, aimed at accelerating its expansion in Paraguay by broadening financing options for SMEs and corporations [2][6] - The loan was oversubscribed, indicating strong market appetite and confidence in Paraguay's macroeconomic stability and Sudameris' growth strategy [5] Group 1: Transaction Details - The loan was successfully closed by Banco Latinoamericano de Comercio Exterior (Bladex) and involved ten financial entities, with six participating for the first time, enhancing Sudameris' network of international partners [2][3] - Bladex demonstrated agility and technical expertise by structuring and coordinating the loan in under two months, capitalizing on favorable market conditions [4] Group 2: Institutional Impact - Proceeds from the loan will enable Sudameris to enhance its institutional growth by expanding financing opportunities for small and medium-sized enterprises and corporations [6] - Sudameris Bank is recognized as the leading lender to the productive sector in Paraguay, particularly in industrial, livestock, and agricultural segments, reinforcing its role in the country's economic development [9] Group 3: Strategic Partnerships - The transaction underscores the long-standing strategic partnership between Bladex and Sudameris, aimed at strengthening Paraguay's financial system and promoting regional economic growth [3][7] - Both institutions are committed to creating financial solutions that support sustainable economic development in Latin America [7][8]
Miran Says Jobs Report Shows US Economy Normalizing
Bloomberg Television· 2025-07-03 13:49
When we see such a positive jobs report, 147,000 jobs and a lower unemployment level, what is this. What is driving this. Good morning.Thanks for having me. Look, you know, as you said a moment ago, you know, this report was better than 78 out of the 79 forecasts that came into into the Bloomberg consensus range, the Bloomberg forecast. And so what we see is an economy that continues to defy it, continues to defy expectations, continues to defy, you know, all the doom and gloom that's out there, whether it' ...
BlackRock's Rosenberg Worried About Dip in Private Payrolls
Bloomberg Television· 2025-07-03 13:15
Payroll Analysis - Initial market reaction to headline payroll numbers may be overstated, requiring deeper analysis [1][4][5] - Private payrolls show a slowdown, below 68,000 and the six-month average, indicating a softening job market [3][4] - Government payrolls present a mixed picture, with federal government down due to cuts, while state and local government is up, potentially due to education workers returning [2] - Payroll revisions were surprisingly positive, contrasting with expectations of a downward revision [8] - Overstated payroll figures raise concerns about underlying weakness in the job market [7] Economic Outlook - The payroll data validates a broader economic slowdown, consistent with a mid-cycle slowdown rather than a recession [11][12] - Market valuations may be disconnected from the economic slowdown, requiring caution [12] - Potential for a stimulative bill from Washington D C, could be conducive to risk assets [9] Corporate Impact - Corporate profit margins and reactions are crucial to watch, with the impact still unfolding [6][8] - Layoff environment remains benign, but its sustainability needs monitoring [8] Monetary Policy - The Fed is expected to cut rates in September and potentially later this year [10]
X @Bloomberg
Bloomberg· 2025-07-03 13:10
US stock futures advanced after data showed job growth exceeded expectations, boosting investors’ confidence in the health of the economy https://t.co/JejTEoqWrk ...
How Wall Street is reacting to Trump's spending bill
MSNBC· 2025-07-03 12:42
Turn now to CNBC's Dom Chu for more on the economic impact of this bill. U Dom with news that it looks like this bill will pass a short time from now. How are markets reacting.What does Wall Street think about the impact here. So that's the lens that we're looking at all of this through Willie and to be fair, we've been watching it happen over the course of the last several weeks because the market does become for for whatever it is a kind of handicapping or discounting mechanism for everything that's devel ...
Teeter: The bill’s biggest impact is removing uncertainty and setting the rules
CNBC Television· 2025-07-03 12:06
Are there going to be marketked market implications given what we already know about the big beautiful bill. There certainly will. I think the biggest one will be removing some uncertainty.So I think it's been pretty consensus that the bill would get through. I think that's why you're seeing a little bit of a muted reaction this morning. Um I think most corners will will be breathe a sigh of relief.And the main thing is we set the playing field for the second half of the year. So we'll know what the legisla ...
Maryland Gov. Wes Moore: Trump's megabill 'makes this country less safe, less healthy & debt-ridden'
CNBC Television· 2025-07-03 11:52
As Republicans work to pass President Trump's mega bill in the House, our next guest has spoken out against it, calling it a quote nightmare for working families. Joining us right now is Democratic governor of Maryland, West Moore in the House at the table. Good morning to you, sir. Good morning.This thing seems like a fa plea. I mean, Hakeim Jeff is speaking. We'll see how long he can keep that going.Uh, but when he stops, it sounds like this is going to happen. Uh, you have been very critical of it. In so ...
X @Bloomberg
Bloomberg· 2025-07-03 10:00
President Javier Milei is counting on a shale-oil boom in Argentina to cement his libertarian economic reforms.Read The Big Take ⤵️ https://t.co/ek7bmgQcN7 ...