Hottest CPI in 30 Years And Rivian Goes Public
DB-Nov 10,2021: There’s no question about it: inflation is not transitory. The latest Consumer Price Index revealed prices of everything except food and energy went up 4.6%, the quickest spike since August 1991. The CPI also showed a 6.2% surge from October last year. U.S. consumers are feeling the hike in energy prices—oil is at nearly $82 a barrel, and electricity bills are at the highest they’ve been since 2009. Meanwhile, more automobile companies are joining the race to give Elon Musk a run for his money. The latest to enter the fray of Tesla rivals is the electric-vehicle startup Rivian, which debuted in trading today with the highest Initial Price Offer since 2014, starting at $78. The company’s valuation has already beaten Ford and General Motors. Jared Dillian, the editor of The Daily Dirtnap, joins Ash Bennington to discuss all of this and more. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3n2nIxm Learn more about your ad choices. Visit podcastchoices.com/adchoices
11 Nov 202132min
The End of an Era: GE Splits into 3 Companies
DB-Nov09,2021:What’s going on with General Electric? After a decade of being only a shell of its former self, the manufacturing giant founded by Thomas Edison is splitting up into three separate companies, each focused on aviation, health care, and energy. Tony Greer discusses why U.S. stocks suspended the longest rally since 2017 amid surging treasuries and why the S&P 500 collapsed for the first time in nine sessions. In other news, Greer analyzes why oil hit $84 a barrel as Bitcoin and Ethereum reached all-time highs. Interviewed by Ash Bennington. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3BZQseq Learn more about your ad choices. Visit podcastchoices.com/adchoices
10 Nov 202134min
House Passes Infrastructure Bill and Twitter Votes for Musk to Sell Tesla Stock
DB-Nov 08,2021:The House passed a $1 trillion bipartisan infrastructure bill on Friday to revamp the country’s transportation, utilities, and broadband structures. Meanwhile, despite Friday’s positive news of the October jobs report, U.S. treasury bonds still fell. This happened after the Fed’s announcement earlier last week to begin tapering bond purchases by $15 billion a month. On Twitter, Elon Musk shared a poll asking people to vote on whether he should sell 10% of his Tesla stock. Nearly 60% of those who participated in the poll voted yes, prompting Elon Musk to offload some stock to help pay his giant tax bill. Real Vision’s Petr Pinkhasov and Weston Nakamura host economist & trader Samuel Rines for a triple treat on today’s Daily Briefing to discuss the infrastructure bill, U.S. treasury bonds, and Tesla stock. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3oakS8T Learn more about your ad choices. Visit podcastchoices.com/adchoices
9 Nov 202134min
October Jobs Report Beats Expectations with Unemployment Dropping to New Pandemic Low
DB-Nov 05,2021: We’re ringing in the holiday season with some good news: U.S. non-farm payrolls increased by 531,000 in October, beating the estimate of 450,000. Spreading more cheer, unemployment fell to 4.6%, a new pandemic low. As more people head back outside and hit the gym, a jewel of the pandemic, Peloton, suffers major blows to its stock today, falling nearly 35%. Jim Bianco, president of Bianco Research, joins to give his analysis of the Fed’s taper, the Bank Of England’s announcement to hold rates steady, the latest on inflation, the labor market, and today’s price action. Interviewed by Ash Bennington. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3BMVfj5 Learn more about your ad choices. Visit podcastchoices.com/adchoices
6 Nov 202142min
Bank Of England Defies the Market and Leaves Heads Turning
DB-Nov 04,2021: The Fed announced their long-awaited taper to begin later this month with room for adjustment based on changes in the economic outlook. While the Fed focuses on keeping the inflation rate at 2%, the Bank of England’s market-defying announcement to hold rates steady at the 0.1% benchmark has investors scratching their heads over the Fed's position in this ultra-inflationary environment. Thomas Thornton, founder of Hedge Fund Telemetry, joins to discuss the implications of these policy decisions. Interviewed by Maggie Lake. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3EOlwQi Learn more about your ad choices. Visit podcastchoices.com/adchoices
5 Nov 202135min
The FOMC Meeting Begins as the Labor Market Recovery Shows Promise
DB-Nov 03,2021: The FOMC meeting begins today as Fed officials come together to decide on the tapering of their asset purchase program. The economic recovery seems to be slowly but surely underway with the ADP survey for October demonstrating unexpected strength with a 571,000 gain in jobs and the ISM Services index showing rapid growth at 66.7%. Darius Dale, founder and CEO of 42 Macro, joins the Daily Briefing to provide his overview of these developments and how this will influence economic growth. He also explores where bond yields are headed after the Fed announces the course of policy, what sectors are poised for outperformance, and the drivers behind crypto’s explosive run as Ethereum hits its new all-time high. Interviewed by Maggie Lake. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3k39MBl Learn more about your ad choices. Visit podcastchoices.com/adchoices
4 Nov 202134min
Countries and Individuals Pledge Billions to Curb Climate Change, But Is It Enough?
DB-Nov 02,2021: Tony Greer is back on the Daily Briefing, this time discussing the events surrounding energy this week and the price action around oil, natural gas, uranium, and more. With COP26 underway in Scotland this week and next week, world leaders are discussing ways to fight climate change. So far, President Joe Biden has backed a plan to reduce methane emissions, one of the most harmful greenhouse gasses; Japan has pledged up to $10 billion to decarbonize Asia; and Jeff Bezos has pledged $2 billion to restore nature and transform food systems. As the clean energy transition is swiftly underway while the current European energy crisis worsens, Greer shares his perspective on the implications these events will have on energy prices. However, with the FOMC meeting tomorrow, investors are watching the Fed's next moves carefully as the decision to taper their bond purchases is fast approaching, and he discusses how the course of Fed policy will shape markets in the coming months. Interviewed by Ash Bennington. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3nSMjUE Learn more about your ad choices. Visit podcastchoices.com/adchoices
3 Nov 202142min
Mega Cap Tech Leads the Way--But Is a Market Rotation Around the Corner?
DB-Nov 01,2021: Seasonal effects on the markets are in play with heightened volatility and earnings causing aggressive price movement across asset classes. Katie Stockton, CMT, founder of Fairlead Strategies, dives into the charts to examine tech, commodities, precious metals, and cryptocurrencies. With mega cap tech stocks such as Tesla, Apple, and Microsoft leading equity markets higher and oil’s rally cooling slightly today, she evaluates both the technical and fundamental drivers underlying price action, lays out what investors should be watching for, and provides her forward outlook for the coming months into the new year. Interviewed by Maggie Lake. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3bwZCUY Learn more about your ad choices. Visit podcastchoices.com/adchoices
2 Nov 202138min
