BTIG’s Emanuel Senses `Better Market Backdrop’

May.15 — Federal Reserve Chairman Jerome Powell’s insistence that there won’t be negative rates in the U.S. has brought about a “subtle change” in markets, according to Julian Emanuel, chief equity and derivatives strategist at BTIG. “If financial firms are going to outperform, that generally comes with a better market backdrop,” he said in an … Read more BTIG’s Emanuel Senses `Better Market Backdrop’

U.S. Fed Chair Jerome Powell warns of extended weak growth

U.S. Federal Reserve Chairman Jerome Powell has sounded a warning about the economic recession triggered by COVID-19. He says a weak recovery could lead to an extended period of low productivity growth and stagnant incomes. Meanwhile, state governors from both parties have urged leaders in Washington to abandon partisanship and deliver relief to cities and … Read more U.S. Fed Chair Jerome Powell warns of extended weak growth

US says China is trying to steal Covid-19 vaccine as lockdown discord continues

Chinese hackers are trying to steal COVID-19 vaccine research, US authorities said Wednesday, ratcheting up tensions between the superpowers as markets slumped on warnings from the US Federal Reserve that prolonged shutdowns could cause “lasting damage.” Subscribe to France 24 now: http://f24.my/youtubeEN FRANCE 24 live news stream: all the latest news 24/7 http://f24.my/YTliveEN Visit our … Read more US says China is trying to steal Covid-19 vaccine as lockdown discord continues

Fed’s Powell Says U.S. Economy Faces Unprecedented Risks

May.13 — Federal Reserve Chair Jerome Powell says the U.S. economy faces unprecedented downside risks that could do lasting damage to households and businesses if fiscal and monetary policy makers don’t rise to the challenge. He speaks at a virtual event hosted by the Peterson Institute for International Economics. (Excerpts)

Trump Says Fed Chair Is His ‘Most Improved Player’

President Trump called Federal Reserve Chairman Jerome Powell his “most improved player.” “I think he’s done a very good job,” Trump said. Powell warned Wednesday of the threat of a prolonged recession resulting from the viral outbreak and urged Congress and the White House to act further to prevent long-lasting economic damage. Subscribe to our … Read more Trump Says Fed Chair Is His ‘Most Improved Player’

Powell Warns of Broad Virus Danger, Bats Down Negative Rates

The U.S. economy faces unprecedented risks from the coronavirus if fiscal and monetary policy makers don’t rise to the challenge, Federal Reserve Chair Jerome Powell said while pushing back against the notion of deploying negative interest rates. “The recovery may take some time to gather momentum, and the passage of time can turn liquidity problems … Read more Powell Warns of Broad Virus Danger, Bats Down Negative Rates

Fed Says It Will Begin Buying Corporate-Debt ETFs

May.12 — The Federal Reserve said a facility designed to purchase eligible corporate debt from investors will launch today, bringing a key part of the U.S. central bank’s emergency coronavirus lending program online following weeks of anticipation. Steen Jakobsen, chief economist and chief investment officer at Saxo Bank A/S, comments on the implications of the … Read more Fed Says It Will Begin Buying Corporate-Debt ETFs

Tribeca Investment Seeing a Lot of Opportunities, Liu Says

May.11 — Jun Bei Liu, portfolio manager at Tribeca Investment Partners, looks at how the coronavirus outbreak is affecting the global economy and stock markets, and shares her investment strategy. Federal Reserve Bank of Minneapolis President Neel Kashkari said Americans should brace for even more gut-wrenching news on unemployment amid the coronavirus pandemic. Liu speaks with Rishaad … Read more Tribeca Investment Seeing a Lot of Opportunities, Liu Says

‘Worst is yet to come on job front’ amid coronavirus: Neel Kashkari | ABC News

Neel Kashkari, president of the Minneapolis Federal Reserve Bank and Liz Ann Sonders, chief investment strategist for Charles Schwab, appear on “This Week.” SUBSCRIBE to ABC NEWS: https://bit.ly/2vZb6yP Watch More on http://abcnews.go.com/ LIKE ABC News on FACEBOOK https://www.facebook.com/abcnews FOLLOW ABC News on TWITTER: https://twitter.com/abc GOOD MORNING AMERICA’S HOMEPAGE: https://www.goodmorningamerica.com/ #ABCNews #ThisWeek #Coronavirus #COVID19 #Economy

Barings: We Would Be Surprised if Fed Cuts Rates to Below Zero

May.08 — David Mihalick, head of U.S. public fixed income and head of U.S. high yield at Barings, talks about Federal Reserve policy, the U.S. economy and bonds. Negative rates have arrived in the U.S., with traders pricing Fed funds futures contracts at negative interest rates for what may be the first time ever. Mihalick speaks with Yvonne Man and Haslinda Amin on … Read more Barings: We Would Be Surprised if Fed Cuts Rates to Below Zero

Apollo’s Zelter Sees ‘Some Time to Come’ for Distressed Debt Bet

May.05 — Jim Zelter, co-president and chief investment officer of credit at Apollo Global Management, discusses the impact of the coronavirus crisis on credit markets, Federal Reserve policy, and investment strategy. He speaks with Bloomberg’s on “Bloomberg Daybreak: Americas.