INCREDIBLE PROGRESS WE UNDERSTAND THERE'S A LOT MORE WORK TO DO AND THE ONLY THING I WOULD ASK OF THE AMERICAN PEOPLE IS A LITTLE BIT OF PATIENCE. >> SCOTT BESSENT, WELCOME BACK TO "MEET THE PRESS". >> THANK YOU FOR HAVING ME.>> I WANT TO START RIGHT THERE ON THE DISCUSSION OF AFFORDABILITY. YOU JUST HEARD VICE PRESIDENT J. D.VANCE ASK PEOPLE TO HAVE, QUOTE, A LITTLE BIT OF PATIENCE WITH THE ADMINISTRATION. LET ME ASK YOU, MR. SECRETARY, HOW LONG DO AMERICANS NEED TO BE PATIENT. HOW LONG DO THEY HAVE TO WAI ...

Core Insights - Recent developments in Japan's government, particularly under Prime Minister Sanae Takaichi, have led to increased long-dated yields on Japanese government bonds and a depreciation of the yen, which may impact U.S. financial markets [2][4]. Group 1: Japanese Government Bond Market - Aggressive fiscal stimulus measures by Japan's government have resulted in a spike in long-dated yields, with the 10-year yield surpassing 1.78%, the highest in over 17 years, and the 40-year yield reaching an all-time high above 3.7% [2][4]. - The situation in Japan is drawing comparisons to the U.K. crisis in late 2022, which was triggered by unfunded tax cuts, indicating a potential loss of confidence in fiscal policy [2]. Group 2: U.S. Financial Market Implications - The U.S. is facing challenges in managing interest payment costs due to a national debt exceeding $38 trillion, which is influencing the administration's efforts to lower long-term Treasury yields [3]. - Recent U.S. Treasury yields for 2-year and 10-year bonds have reached their lowest levels in three weeks, at 3.51% and nearly 4.06%, respectively, indicating a potential limit on how low U.S. yields can go in light of Japanese developments [5][6]. - The correlation between U.S. Treasury yields and Japanese government bond yields may not be direct, but there is a concern that U.S. yields could rise alongside Japan's, affecting borrowing rates for households and businesses [4][6].

And yet on the committee, we have pushback almost. Maybe after that, Fed Governor Michael Barr had this to say. I'm concerned that we're seeing inflation still around 3%.Inflation is closer to three, that it is to two. What do you make of that argument. How persuasive is it.It's not persuasive to me, and I'll tell you why. All of the inflation excess, almost all of the inflation excess is a mirage. It's not indicative of supply demand imbalances.And so, for example, if you look at the housing market, right, ...

Market Overview - Stock futures are trading higher as the market prepares to close a volatile week, with significant fluctuations observed after NVIDIA Corp.'s earnings report [2] - The Dow Jones Industrial Average ended the day at 45,752, down 0.84%, the S&P 500 closed at 6,538, down 1.56%, and the NASDAQ was at 22,078, down 2.16% [2] Treasury Bonds - Yields across the curve decreased as investors sought the safety of U.S. sovereign debt following the market's sharp reversal [3] - The 30-year bond yield finished at 4.73%, while the benchmark 10-year note was last seen at 4.10% [3] Oil and Gas - Major oil benchmarks closed lower, with Brent Crude down 0.72% at $63.05 and West Texas Intermediate down 0.96% at $58.68 [4] - Natural gas experienced a significant decline, closing at $4.48, down 1.63% [4] Employment and Federal Reserve - Stronger-than-expected September job numbers raised concerns that the Federal Reserve may not lower interest rates in December [5] - The narrative shifted after New York Fed President John Williams suggested that rates could be reduced due to current job market weaknesses [2]

story. I want to bring into this conversation uh Bill Egan. He is the chief investment officer of the Absolute Return Fixed Income Group at JP Morgan Asset Management.Uh we've had a wild ride in the equity markets. Uh it's been quite a thing to to see. >> These guys are stuck.>> Yeah. Given the inflation picture and the unemployment picture, they're smacking against each other in the wrong directions. >> Yeah.What's interesting, Andrew, is um you know, 10 and 30-year yields are higher now than when Fed fund ...

Core Viewpoint - US stock markets are experiencing a decline despite positive business news, indicating persistent investor concerns, particularly regarding AI valuations and economic uncertainty [3][4][5]. Market Performance - The S&P 500 fell by 1.6%, the Dow Jones Industrial Average dropped by 0.8%, and the Nasdaq decreased by over 2% [4]. - Nvidia's shares, which initially surged, fell by more than 3% [4]. AI Market Concerns - There are ongoing fears of an AI bubble, despite Nvidia's strong performance and reassurances from its CEO regarding AI valuations [6][7]. - Alphabet's CEO highlighted "irrationality" in the current AI boom, reflecting broader market apprehensions [7]. Economic Indicators - The recent job report showed an addition of 119,000 jobs in September, more than double analysts' expectations, but the unemployment rate increased from 4.3% to 4.4% [11]. - Analysts express uncertainty about the Federal Reserve's interest rate decisions, with mixed economic data complicating the outlook [10][11]. Investment Sentiment - Investors are cautious as they navigate economic uncertainties and potential inflation, which could affect interest rates [9][10]. - Analysts suggest that continued AI adoption and lower interest rates are crucial for sustaining stock market growth [12].

Is there real progress in this economy right now. I know we can look at these numbers and find some modicum of stability, but is a real progress, real growth. Well, this is also a very important question remain, because if we think about what was the reason why we had a slowdown over the summer, it was likely because of the turmoil that came after Liberation Day.But Immigration Day is now eight, nine months ago, and things are gradually getting better on the trade for at least us. More clarity. And we've, o ...

Jarring swings keep rocking Wall Street, and U.S. stocks erased a big morning gain to drop on Thursday as the market remains skittish following weeks of doubts and erratic moves.After initially soaring toward what seemed like its best day since May, with an early surge of 1.9%, the S&P 500 erased all of it and fell 1.6%. The Dow Jones Industrial Average dropped 386 points, or 0.8%, and the Nasdaq composite sank 2.2%.In Canada, the main S&P/TSX composite index fell more than 370 points, weighed down by loss ...

Market Drivers - The current stock market is significantly influenced by three main factors: tariffs, interest rates, and AI [1] Analyst Background - The author has an average stock return of over 30% from articles over a one-year period and has experience as a Credit Manager for a mid-sized publicly traded bank [2] - The portfolio consists of 50-75% deep value stocks, primarily in small caps [2]

While moments ago, the September jobs report was finally released after it had been delayed by the government shutdown. It showed that employers added 119,000 jobs. That is more than expected.>> But the unemployment rate also increased to 4.4% which is the highest it's been since October 2021. We're looking confused here at the table. So thankfully we have co-anchor of CNBC Squawkbox and a New York Times colonist Andrew Rossin to explain it to us.And we should note that his book 1929 inside the greatest cra ...