A daily dose of irreverent, offbeat, and informative takes on business & tech news. Hosted by Jon Weigell, Juliet Bennett Rylah, Mark Dent, Ben Berkley, Sara Friedman, Matthew Brown, and Rob Litterst from The Hustle.
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Tech stocks tumble, PMIs weak, Dudley warns recession
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Manage episode 430580839 series 1400104
Content provided by NAB - The Morning Call and Phil Dobbie. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NAB - The Morning Call and Phil Dobbie or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Thursday 25th July 2024
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
Bill Dudey, former NY Fed Governor, now Bloomberg pundit, has said the FOMC needs to cut rates next week and it might already be too late to avoid a recession. NAB’s Ken Crompton says this comes from a man who had advocated staying higher for longer. His opinion certainly impacted 2 year bond yields overnight But the bigger news is the large falls in US equities, led by tech stocks, with the cost of AI and the slow delivery on promises taking the blame. PMIs came in weaker than expected, not just for Germany, where the fall was particularly pronounced, but also for US manufacturing, which might help Dudley’s arguments, but US GDP (out tonight) is expected to rise.
Hosted on Acast. See acast.com/privacy for more information.
1237 episodes
MP3•Episode home
Manage episode 430580839 series 1400104
Content provided by NAB - The Morning Call and Phil Dobbie. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NAB - The Morning Call and Phil Dobbie or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Thursday 25th July 2024
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
Bill Dudey, former NY Fed Governor, now Bloomberg pundit, has said the FOMC needs to cut rates next week and it might already be too late to avoid a recession. NAB’s Ken Crompton says this comes from a man who had advocated staying higher for longer. His opinion certainly impacted 2 year bond yields overnight But the bigger news is the large falls in US equities, led by tech stocks, with the cost of AI and the slow delivery on promises taking the blame. PMIs came in weaker than expected, not just for Germany, where the fall was particularly pronounced, but also for US manufacturing, which might help Dudley’s arguments, but US GDP (out tonight) is expected to rise.
Hosted on Acast. See acast.com/privacy for more information.
1237 episodes
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