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Senate GOP Ramps Up Full Court Press on Trump Tax Bill | Balance of Power: Early Edition 6/30/2025
Bloomberg Television· 2025-07-01 14:54
>> LIVE FROM WASHINGTON, D.C., THIS IS "BALANCE OF POWER" WITH JOE MATHIEU AND KAILEY LEINZ. JOE: IT'S TIME FOR THE VOTE-A-RAMA ON PRESIDENT TRUMP'S BIG BEAUTIFUL BILL. WELCOME TO THE EARLY EDITION OF "BALANCE OF POWER" ON BLOOMBERG TV AND RADIO WITHIN HOURS-LONG AMENDMENT SESSION GETTING UNDERWAY IN THE UNITED STATES SENATE EXPECTED TO LEAD TO A FULL FLOOR VOTE BY THE TIME THIS IS DONE. ALONGSIDE KAILEY LEINZ, I'M JOE MATHIEU IN WASHINGTON. WE THANK YOU FOR JOINING US ON "BALANCE OF POWER. " IT LOOKS LIKE ...
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Bloomberg· 2025-07-01 14:50
"I wouldn't take any meeting off the table"Jerome Powell won't be drawn on whether the Fed is likely to cut rates when it meets in July, as he joins other central bankers at Sintra https://t.co/FbZSTDqvWU https://t.co/OXZDTqTu16 ...
3 Financial Stocks to Buy Now on Core PCE Coming in High
ZACKS· 2025-07-01 14:45
Group 1: Economic Environment - The May 2025 Personal Consumption Expenditures (PCE) inflation report indicates core PCE inflation rose approximately 0.22% month over month and 2.68% year over year, reinforcing expectations for the Fed's hawkish stance [1][11] - Treasury yields have increased, with the benchmark 10-year yield climbing from roughly 3.35% to about 3.45%, reflecting market reactions to persistent inflation data [2][11] Group 2: Financial Sector Performance - Financial institutions, including banks and insurance companies, are expected to see increased profitability due to higher lending rates and improved net interest margins in a high-rate environment [4][5] - The S&P 500 Financials Select Sector SPDR (XLF) has risen 9.1% year to date as of June 30, indicating strong performance in the financial sector [5] Group 3: Investment Opportunities - Stocks such as Nelnet, Inc. (NNI), Pagaya Technologies Ltd. (PGY), and United Fire Group, Inc. (UFCS) are highlighted as viable investment options due to their strong earnings momentum and favorable growth rates [3][11] - Nelnet (NNI) has an expected earnings growth rate of 59% for the current year, with a Zacks Rank 1 and a VGM Score of B [8] - Pagaya Technologies (PGY) shows an expected earnings growth rate of 195.2% for the current year, also holding a Zacks Rank 1 and a VGM Score of B [9] - United Fire Group (UFCS) has an expected earnings growth rate of 8% for the next year, with a Zacks Rank 2 and a VGM Score of B [10]
X @Bloomberg
Bloomberg· 2025-07-01 13:26
Denmark’s central bank wants local lenders to tap more of its one-week loans and provide added cash to clients to help reduce short-term interest rates https://t.co/7xtIBk26mS ...
Trump intensifies attacks on Fed Chair Powell
MSNBC· 2025-07-01 13:07
Welcome back. President Trump is ramping up his pressure campaign on Federal Reserve Chair Jerome Powell, urging him to cut interest rates by a lot. The president's latest demand came in a handwritten letter held up by White House press secretary Caroline Levit at a press briefing yesterday.You see her there. Trump penned a message to Powell in Sharpie on a list of world central bank rates, writing in part, quote, "Jerome, you are as usual too late. You have cost the USA a fortune." The president has repeat ...
X @Bloomberg
Bloomberg· 2025-07-01 12:59
RT Bloomberg Opinion (@opinion)@skgreen @MaryEllenKlas @DavidMDrucker “People get upset because the national debt is up to $37 trillion, and the bond markets are jittery and interest rates are high,” says @DavidMDrucker. But nobody wants to do anything about entitlements.Tune in for more 🎥https://t.co/X7WR4OX8dP ...
Ark CEO Cathie Wood: We will move from a 'rolling recession' into a recovery
CNBC Television· 2025-07-01 12:15
Market Overview & Investment Strategy - The S&P 500 closed at a record high to finish the first half, with the Arc Innovation ETF up nearly 24% year to date, indicating a potential bull market [1] - The market has been "climbing a wall of worry," suggesting a durable bull market that persists despite controversies like tariffs and Fed-President tensions [2][3] - Interest rates are likely to decrease, and the market is broadening out beyond just a few concentrated stocks, signaling a healthier bull market [3][4] - Productivity is expected to increase, driving inflation down lower than anticipated during the early stages of recovery [8] Economic Factors & Policy Impact - Deregulation is considered a significant factor in unleashing economic activity [5] - The economy has experienced a "rolling recession," with housing and manufacturing sectors yet to fully recover [6] - Recovery is anticipated with decreasing interest rates, deregulation, and potential tax cuts, including immediate expensing of capital goods [7] Tesla & Elon Musk - Elon Musk is refocusing on transforming transportation, space exploration, addressing health issues with Neuralink, and introducing humanoid robots [11][12] - SpaceX has $22 billion in government contracts, solidifying the US lead in space exploration [13] - Autonomous travel regulations are expected to move to the federal level to maintain US leadership in the field [15] Healthcare Innovation - Significant deregulation is occurring within healthcare, with a focus on curing diseases and eliminating chronic conditions [15] - Neuralink's progress is considered miraculous, contributing to advancements in healthcare [15]
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Bloomberg· 2025-07-01 10:46
US Treasury yields fell to the lowest level in two months before Federal Reserve Chair Jerome Powell speaks Tuesday, amid growing political pressure to cut interest rates https://t.co/Jp1pWSbzv6 ...
X @Bloomberg
Bloomberg· 2025-07-01 10:42
Bank stocks are on a tear on both sides of the Atlantic, and lower interest rates are a common theme https://t.co/edJ7OyG2Kp ...
ECB's Guindos on Inflation, Euro Rate, Fiscal Policy
Bloomberg Television· 2025-07-01 07:37
When you look at trade negotiations right now, could they actually change the outcome of the European economy. Well, I think that there's going to be a very relevant factor. And if you see, for instance, if you watch our our predictions, they are different alternatives, different different scenarios according to the different outcomes that we might have.I hope that, you know, the negotiations will be finalized. So at least this, you know, will deliver a little bit of predictability because now, you know, th ...