Welcome back. Let's check markets. And the yield on the 10-year is up again this morning. It is up one and a half basis points with the yield on the tenure sitting just below 4.3% 4.28%. Markets reacting to President Trump's nomination of Kevin Worsh for the chairman of the Federal Reserve job. Outgoing Senator Tom Tillis, however, says he's not going to back WH until the investigation into Jay Powell and the Federal Reserve's renovation is over. The Fed of course paused rates at its first meeting of the ye ...

All right, good news on stocks today, over 500 points. Good news on manufacturing. The Institute for Supply Managers reporting in the best number in quite some time.New Orders, Production, really fantastic stuff. Uh, joining us now, Steve Moore, host of More Money on WABC Radio, Dan Clifton, Strategus head of policy research. Gentlemen, thank you.Dan Clifton. Um, deregulation, tax cuts, drill, baby drill, and Mr. . Trump's op-ed piece in the Journal, which was in print on Saturday, posted Friday night.Nobod ...

ARK Invest CEO and CIO Cathie Wood tells Bloomberg that the lines between liquid and illiquid assets are beginning to blur as private markets evolve. Wood adds that while some private companies remain cautious about being held in ETFs, shifting definitions of liquidity, improved secondary-market trading, and deregulation may gradually change that calculus. She joined the discussion on "Bloomberg ETF IQ" with Katie Greifeld, Scarlet Fu and Eric Bulchuanas. ...

By Pete Schroeder WASHINGTON, Jan 30 (Reuters) - Kevin Warsh, U.S. President Donald Trump's pick to chair the Federal Reserve, will likely boost the central bank's effort to ease Wall Street bank rules, and allow the administration a bigger say on regulation and supervision matters, said regulatory experts. Trump's choice, ​a Republican and former Fed governor, ended months of speculation over who would succeed current Fed Chairman Jerome Powell, whose term expires in May. The ‌Fed is the country's mos ...

By Lananh Nguyen, Manya Saini and Douglas Gillison NEW YORK/WASHINGTON, Jan 25 (Reuters) - U.S. President Donald Trump's lawsuit against JPMorgan Chase (JPM) and its CEO Jamie Dimon highlights a growing, and politically fraught, conflict in the administration's policy agenda for Wall Street, with big banks scoring wins but also facing setbacks. In his most confrontational move yet against Wall Street, Trump filed a $5 billion ​lawsuit on Thursday accusing the nation's largest lender and Dimon of closing ...

Citadel CEO Ken Griffin sounded off on the impact of the Biden administration's regulatory policies on the U.S. economy, saying that the Trump administration's move to end the "regulatory onslaught" has been a relief to entrepreneurs wanting to grow their businesses. The billionaire co-founder of Citadel spoke at the World Economic Forum on Wednesday and said the Biden administration's heavy-handed approach to regulation created constant friction for businesses like his firm."You cannot imagine how painful ...

Core Viewpoint - The current economic landscape under Trump's presidency is marked by volatility and mixed performance in the stock market, with significant gains in the tech sector driven by AI, but overall performance lagging compared to global markets [2][8][12]. Group 1: Economic Performance and Stock Market Trends - The S&P 500's first-year gain under Trump is only the ninth best since World War II, with previous presidents achieving larger gains [3]. - Excluding the US, global equities have risen approximately 30% since Trump's inauguration, which is about double the S&P 500's gain [4]. - The US stock market has experienced a third consecutive year of double-digit gains, although it fell 1.4% recently due to geopolitical tensions and market reactions [11]. Group 2: Investor Sentiment and Market Volatility - Trump's presidency has introduced significant volatility, with the 100 largest S&P 500 companies experiencing 47 sharp drops of five standard deviations or more in 2025, the highest since 1998 [14]. - Investors are bracing for more volatility as Trump targets various economic segments, including mortgage and credit card rates, amid rising inflation and interest rates [16]. - Historical trends indicate that midterm election years are typically weaker for the stock market due to uncertainty surrounding potential changes in presidential agendas [15][18]. Group 3: Global Market Comparisons - Stock markets in Asia, Europe, and Latin America have outperformed the US, with MSCI's emerging-market index rising over 30% last year, marking its largest advance since 2017 [9][10]. - The perception that global equities will continue to outpace US markets is becoming mainstream, as performance drives investment decisions [10]. Group 4: Federal Reserve and Economic Policy - Trump's administration has exerted unprecedented pressure on the Federal Reserve to lower interest rates, raising concerns about the Fed's independence [17]. - The administration's actions, including a criminal investigation of Fed Chair Jerome Powell, have contributed to investor anxiety regarding monetary policy stability [17].

Core Viewpoint - The Federal Reserve governor Stephen Miran suggested that the Trump administration's initiatives to reduce burdensome regulations for businesses could potentially enable the Fed to lower interest rates further [1] Group 1 - The Trump administration's efforts focus on slashing onerous rules for businesses [1] - These regulatory changes may create an environment conducive to further interest rate cuts by the Federal Reserve [1]

Core Viewpoint - JPMorgan Chase reported a decline in quarterly profit due to a $2.2 billion reserve related to its acquisition of a credit card partnership with Apple, despite a strong underlying performance in trading [1][3]. Financial Performance - Quarterly earnings fell to $13 billion, or $4.63 per share, down from $14 billion, or $4.81 per share, in the same quarter last year [1]. - Excluding the one-time reserve impact, quarterly profit increased to $14.7 billion, or $5.23 per share, driven by strong trading performance [3]. Economic Outlook - CEO Jamie Dimon stated that the U.S. economy remains resilient, with healthy business conditions and consumer spending continuing [4]. - Despite some softening in labor markets, conditions are not worsening, supported by fiscal stimulus and recent monetary policy from the Federal Reserve [4]. Market Conditions - Market revenue at JPMorgan increased by 17% in the fourth quarter, with fixed income rising by 7% and equity surging by 40% [8]. - Concerns about a bubble in AI stocks and potential corrections in equities have made markets jittery [6]. Credit Card Partnership - JPMorgan is establishing a $2.2 billion provision for credit losses in anticipation of new credit card customers from Apple, indicating a cautious approach to the new portfolio [13]. - The credit card industry is facing potential changes due to a proposal to cap interest rates at 10%, although analysts are skeptical about its implementation [14].

Economic Outlook - The U.S. is viewed as a compelling destination for investment due to its economic strength and growth potential, supported by notable investors like Warren Buffett and Jeff Bezos [1][7] - Bezos emphasizes that the U.S. is "set up to grow," particularly with Trump's focus on deregulation, which could enhance the country's growth trajectory [2][6] Strengths of the U.S. Economy - The U.S. is the world's largest economy by GDP, rich in natural resources such as oil, gas, minerals, and arable land, which contribute to its economic advantages [3] - The country has strong financial markets and leads in venture capital and private equity, essential for fostering innovation and entrepreneurship [3][4] Regulatory Environment - Bezos points out the excessive regulation and permitting processes that hinder economic growth, advocating for a reduction in these barriers to facilitate infrastructure projects like solar fields [5] - His collaboration with Trump reflects a broader concern regarding regulatory hurdles that impact the U.S. economy [5][6] Investment Strategies - Buffett's investment philosophy emphasizes holding a majority of net worth in U.S.-based equities, particularly through S&P 500 index funds, which provide diversified exposure to large companies [8][9] - Platforms like Acorns allow individuals to invest in diversified portfolios, including S&P 500 ETFs, with minimal initial investment [10][11] Real Estate Investment Opportunities - The U.S. housing market faces a significant supply gap, with an estimated shortage of 4.7 million homes, presenting unique investment opportunities [12] - Crowdfunding platforms like Arrived enable average Americans to invest in rental properties without large down payments or property management responsibilities [14] - Commercial real estate, particularly necessity-based properties leased by national brands, offers potential for stable income and appreciation, especially in a favorable interest rate environment [17][18]