While we wait to see if the Atlanta Fed will cut its final Q1 GDP estimate ahead of tomorrow's official print to 0% or negative, here comes JPM which after slashing its Q1 GDP tracker from 0.6% to 0.4% yesterday, having started the quarter - like most others on Wall Street - at 3%, just trimmed its Q1 GDP estimate to the lowest yet, at just 0.3%. Here i […]
While Draghi's conference was supposed to be relatively boring, it was anything but, with the EUR first sliding on the statement's suggestion that more QE is possible, then spiking on upbeat economic comments, then sliding again after Draghi talked down the inflationary outlook but most importantly, when the ECB president said that the ECB did not […]
Since at its core, yesterday's 1-page "tax plan" was a Goldman creation - and was presented to the world by two former Goldman employees - who better to explain what Trump had in mind than Goldman Sachs itself, which it did overnight in a far lengthier note from its chief Washington analyst Alec Phillips. Here is Goldman with an elaboration […]
After President Trump flipped on two major campaign promises yesterday, funding for the border wall and obamacare subsidies, many believed that a government shutdown crisis had been averted. But, that is only because most of the mainstream media doesn't understand, or is simply unwilling to admit, that Democrats aren't looking for a 'deal […]
Authored by Jeffrey Snider via Alhambra Investment Partners, If you are a stock investor, you should be terrified. The most disconcerting words have been uttered by the one person capable of changing the whole dynamic. After spending so many years trying to recreate the magic of the “maestro”, Ben Bernanke in retirement is still at it. In an interview with C […]
NFL NetworkTom Brady is now 39 years old and just completed his 17th season as a quarterback for the New England Patriots, winning his fifth Super Bowl. Despite his age, Brady is still one of the top quarterbacks in the league and continues to add to his legacy as arguably the best quarterback to ever play the game. Brady's amazing career began in April […]
Carlo Allegri/ReutersThe Department of Commerce will publish its first estimate of US economic growth in the first quarter of 2017 on Friday, and it may show that the economy barely grew at all. The Atlanta Fed's widely followed GDPNow tracker, which aggregates model forecasts for several subcomponents of GDP like exports and homebuilding, fell to an a […]
Thomson ReutersWASHINGTON — The nomination of Scott Gottlieb, President Trump’s nominee to lead the Food and Drug Administration, is moving to the full Senate. In a 14-9 vote Thursday, the Senate Committee on Health, Education, Labor, and Pensions moved Gottlieb’s confirmation to its final stage, setting up another vote on the Senate floor. All Republicans a […]
This story was delivered to BI Intelligence Apps and Platforms Briefing subscribers. To learn more and subscribe, please click here. AT&T announced in a press release on Tuesday the limited rollout of a “5G Evolution” service. This initial rollout will start in select areas of Austin, Texas, and can only be utilized by AT&T customers who own a Galaxy […]
AP Photo/LM OteroSouthwest Airlines will no longer overbook flights, CEO Gary Kelly said on CNBC on Thursday. "I've made the decision, the company has made the decision, that we will cease to overbook going forward," Kelly said. "We've been taking steps over the last few years to prepare for this anyway." Kelly didn't say w […]
I love these simple, clean two variable (Fees vs size) sort of graphics: click for larger but still reasonably-sized chart Source: @MStarETFUS The post Top 20 Mutual Fund Companies by Assets appeared first on The Big Picture.
My very early 6am morning train reads: • How Markets Respond to Tax Reform (Bloomberg View) • Is Your Retirement Account Underfunded? (US News) • And Then There Was Hannity: Bill O’Reilly. Roger Ailes. Megyn Kelly. One by one, the biggest personalities at Fox News have left the building. (BloombergBusinessWeek) see also In Trump era, Rachel Maddow starts bea […]
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