President Donald Trump reportedly is considering announcing a successor to Federal Reserve Chair Jerome Powell early due to his frustration with the central bank's slow approach to cutting interest rates. https://t.co/FmxBEPph2i ...

People who have kids do need to have 3 kids to make up for those who have 0 or 1 kid or population will collapseMario Nawfal (@MarioNawfal):HUMANS NEED 2.7 KIDS PER WOMAN TO SURVIVE... WE'RE NOT EVEN CLOSEScientists now say 2.1 kids per woman won’t cut it - 2.7 is the real number needed to avoid long-term extinction.Right now, the U.S. is at 1.66, and most rich countries are even lower, including Italy at 1.29 https://t.co/FF4Y9pVVRd ...

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 ...

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 ...

Housing Market Trends - New home sales experienced a nearly 14% month-over-month decline in May, marking the biggest drop in three years [1] - Existing home sales managed a slight increase in May despite headwinds [5] - Resale inventory is up 20% compared to last year [5] Affordability and Demand - Housing affordability has improved slightly from a year ago, but home sales continue to "bounce along the bottom" [3] - Consumer confidence dropped drastically in April, impacting housing demand [4] - A frozen labor market and a potentially rising unemployment rate pose headwinds for housing demand [4][6] Seller and Buyer Dynamics - The market is rebalancing, with bargaining power shifting towards buyers [10] - There were the most price cuts for any May since 2018, indicating sellers and buyers are coming back together [9] - Sellers are facing more competition and need to be more strategic [10] Economic Factors - The labor market is a key factor to watch, potentially more important than higher interest rates [6] - Inflation is roughly 21%, as measured by PCE [7] - The impact of tariffs is already playing itself out [8] Future Outlook - Zillow's forecasting team believes home sales could increase slightly and finish the year slightly higher than in 2024 [12]

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 ...

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 ...

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 ...

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 ...

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 ...