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Expect 2026 to be a 'stall year' for the markets, says MetLife's Drew Matus
Youtube· 2025-10-03 11:22
want to get his take on the markets, treasuries, the economy amid this government shutdown. I want to bring in Drew Mattis. He's the chief market strategist at Metife Investment Management.Uh we keep uh we keep moving higher. Are we moving too high or you know, you can only get higher if you go higher. So where are we.>> Well, I think that's a great point. When you compare what earnings expectations are and you compare it to growth expectations among economists, you know, there's a gap there. uh and if you' ...
Winder: U.S. budget and trade deficits are fueling Western gold demand
CNBC Television· 2025-09-12 11:50
Gold Market Dynamics - Central bank buying, especially from China, continues to be a tailwind for gold, as they diversify away from the dollar [1] - US and Western investor concerns about the ballooning twin deficits (budget and trade) are adding to the gold rally [2] - Rate cuts may spark an upside move in silver, viewed as gold's little cousin, which tends to outperform gold in long bull markets [7] Agnico Eagle Mines Analysis - Agnico Eagle Mines is a top pick due to its ability to deliver on guidance and execute well on projects, ideally outperforming the gold price by a ratio of 2 to 1 [3] - Agnico Eagle Mines has good growth for its size, with a market cap of $70 billion, low cost, enormous exploration upside, and a suite of perspective projects [4] Platinum Market Insights - Limited supply from South Africa and potentially limited access to Russian supplies are driving interest in platinum [5] - Demand in China is potentially accelerating for platinum, possibly for jewelry buying and investments into hydrogen infrastructure [5]
X @Bloomberg
Bloomberg· 2025-09-02 08:57
Saudi Arabia is set to sell more international bonds, as it looks to cover a budget deficit caused by lower oil prices and high spending on the government’s economic-diversification drive https://t.co/NXmdXJVc79 ...
Chicago Schools End Year with Negative Cash Positions
Bloomberg Television· 2025-08-21 19:24
Financial Performance - Chicago Public Schools rely heavily on property taxes, typically received in two installments around March and August [1] - A computer glitch has delayed the issuance of property tax bills, potentially delaying the receipt of critical cash flow for weeks or even months, possibly until October [2] - The school district faces a $734 million budget deficit for fiscal year 2026 [4] - Tax anticipation notes are used as a short-term borrowing mechanism to bridge the gap until tax revenues are received [4] - The school district's short-term borrowings have been increasing in recent years due to cash flow pressures [4] Budget and Expenditure - The school district is currently in negotiations and has presented a budget proposal for fiscal year 2026, which began on July 1st [3][4] - The school board is expected to vote on the budget on August 28th [4] - The school district may need to cut costs due to the delayed tax revenue [3]
We should use tariff revenue for deficit reduction, says Steven Mnuchin
CNBC Television· 2025-08-05 17:21
Hey, thanks Scott. Uh we've got the former uh Treasury Secretary here, Steve Minutuchin, of course, the founder and managing partner of Liberty uh Strategic Capital as well. It's nice to see you, sir.We got a lot of lot of former Treasury Secretaries. Hank Pollson's here, Tim Gner's here, Larry Summers is here. You're here.Bob Rubin, Janet Yellen. Who am I missing. It's big turnout.Um here's what I want to talk about. Uh tariffs. We talked to the president of the United States this morning on tariffs uh on ...
X @Bloomberg
Bloomberg· 2025-07-14 16:12
Romania’s government survived a no-confidence motion on Monday, clearing the way for a sweeping austerity plan aimed at scaling back a budget deficit that’s become the widest in the European Union. https://t.co/MdyBbBB9tq ...
CBO Director Phillip Swagel addresses accusations of being partisan
CNBC Television· 2025-06-16 12:55
boosting the richest by $12,000 a year. Joining us right now is Phil Swagel. He's the director of the Congressional Budget Office.And Phil, let's talk through some of the criticism you've received. Russ Vought said on X that this bill reduces deficits by $1.4% trillion. When you adjust for the CBO's one big gimmick, not using a realistic current policy baseline.Caroline Leavitt said that the CBO assumes long term GDP growth of an anemic 1.8%. And that's absurd. And then you had President Trump himself sayin ...