Breaking In: Surveillance video shows alleged criminals attacking ATMs

Breaking In: Surveillance video shows alleged criminals attacking ATMs1:49 PM ET Thu, 1 Aug 2019Hackers have turned their attention to ATMs. Two surevillance videos show alleged criminals attacking ATMs in order to drain them of cash. ATM crime and fraud costs the financial service industry billions each year, according to the industry trade group. Andrea Day reports.


Breaking In: Surveillance video shows alleged criminals attacking ATMs1:49 PM ET Thu, 1 Aug 2019Hackers have turned their attention to ATMs. Two surevillance videos show alleged criminals attacking ATMs in order to drain them of cash. ATM crime and fraud costs the financial service industry billions each year, according to the industry trade group. Andrea Day reports.
Breaking In: Surveillance video shows alleged criminals attacking ATMs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-01
Keywords: news, cnbc, companies, industry, turned, trade, breaking, alleged, attacking, surveillance, criminals, videos, video, atms, shows


Breaking In: Surveillance video shows alleged criminals attacking ATMs

Breaking In: Surveillance video shows alleged criminals attacking ATMs

1:49 PM ET Thu, 1 Aug 2019

Hackers have turned their attention to ATMs. Two surevillance videos show alleged criminals attacking ATMs in order to drain them of cash. ATM crime and fraud costs the financial service industry billions each year, according to the industry trade group. Andrea Day reports.


Company: cnbc, Activity: cnbc, Date: 2019-08-01
Keywords: news, cnbc, companies, industry, turned, trade, breaking, alleged, attacking, surveillance, criminals, videos, video, atms, shows


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China’s Didi partners up with BP to build an electric vehicle-charging network

Didi Chuxing, the Chinese ride-hailing giant, has teamed up with BP to build electric vehicle-charging stations in China. The company announced Thursday that it would form a joint venture with the British oil major aimed at providing charging services to both Didi and non-Didi car owners. BP has already linked its first charging site in the Chinese port city of Guangzhou with Didi’s open automobile solutions platform, Didi said in a statement. The Chinese firm pumped $1 billion into its auto ser


Didi Chuxing, the Chinese ride-hailing giant, has teamed up with BP to build electric vehicle-charging stations in China. The company announced Thursday that it would form a joint venture with the British oil major aimed at providing charging services to both Didi and non-Didi car owners. BP has already linked its first charging site in the Chinese port city of Guangzhou with Didi’s open automobile solutions platform, Didi said in a statement. The Chinese firm pumped $1 billion into its auto ser
China’s Didi partners up with BP to build an electric vehicle-charging network Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-01  Authors: ryan browne
Keywords: news, cnbc, companies, car, electric, services, build, joint, bp, chinese, vehiclecharging, charging, network, didi, china, venture, statement, chinas, partners


China's Didi partners up with BP to build an electric vehicle-charging network

Didi Chuxing, the Chinese ride-hailing giant, has teamed up with BP to build electric vehicle-charging stations in China.

The company announced Thursday that it would form a joint venture with the British oil major aimed at providing charging services to both Didi and non-Didi car owners.

BP has already linked its first charging site in the Chinese port city of Guangzhou with Didi’s open automobile solutions platform, Didi said in a statement. The Chinese firm pumped $1 billion into its auto services business, called XAS, last year.

The aim is to scale up the charging network “significantly” in China after the joint venture with BP is established, Didi said.

“We look forward to combining our strengths to create a robust EV charging network for China, promote the growth of the new energy automotive industry, and provide better experience for car owners across the country” Didi Chairman and CEO Cheng Wei said in a statement.


Company: cnbc, Activity: cnbc, Date: 2019-08-01  Authors: ryan browne
Keywords: news, cnbc, companies, car, electric, services, build, joint, bp, chinese, vehiclecharging, charging, network, didi, china, venture, statement, chinas, partners


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SocGen posts profit beat despite hit from restructuring costs

Societe Generale reported a net income of 1.05 billion euros ($1.16 billion) for the second quarter on Thursday, beating market expectations. Analysts were expecting a net income of 964 million euros, according to a Reuters poll. The French bank posted a net income of 1.2 billion euros for the same quarter a year ago. Here are some key highlights for the quarter:Net banking income of 6.3 billion euros, versus 6.5 billion euros a year ago. Common equity tier 1 ratio stood at 12% at the end of the


Societe Generale reported a net income of 1.05 billion euros ($1.16 billion) for the second quarter on Thursday, beating market expectations. Analysts were expecting a net income of 964 million euros, according to a Reuters poll. The French bank posted a net income of 1.2 billion euros for the same quarter a year ago. Here are some key highlights for the quarter:Net banking income of 6.3 billion euros, versus 6.5 billion euros a year ago. Common equity tier 1 ratio stood at 12% at the end of the
SocGen posts profit beat despite hit from restructuring costs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-01  Authors: silvia amaro
Keywords: news, cnbc, companies, income, societe, beat, billion, bank, despite, profit, net, costs, posts, socgen, euros, hit, restructuring, generale, versus, quarter, equity


SocGen posts profit beat despite hit from restructuring costs

Societe Generale reported a net income of 1.05 billion euros ($1.16 billion) for the second quarter on Thursday, beating market expectations.

Analysts were expecting a net income of 964 million euros, according to a Reuters poll. The French bank posted a net income of 1.2 billion euros for the same quarter a year ago.

Here are some key highlights for the quarter:

Net banking income of 6.3 billion euros, versus 6.5 billion euros a year ago.

Return on tangible equity of 9.7%, versus 11.2% a year ago.

Common equity tier 1 ratio stood at 12% at the end of the quarter, versus 11.1% a year ago.

Shares jumped more than 5% in early deals.

Philippe Heim, deputy CEO of the bank, told CNBC that it was a “solid quarter” despite some “heavy headwinds.” Meanwhile, Fréderic Oudéa, the group’s chief executive officer, said in a statement: “Societe Generale has provided further evidence of the successful execution of its strategic plan with two priority financial objectives: increasing its level of capital and improving profitability.”

The Paris-based bank announced earlier this year its plans to cut 1,600 jobs — mainly at its corporate and investment banking arm. This was an attempt to boost profitability after last year’s poor performance.


Company: cnbc, Activity: cnbc, Date: 2019-08-01  Authors: silvia amaro
Keywords: news, cnbc, companies, income, societe, beat, billion, bank, despite, profit, net, costs, posts, socgen, euros, hit, restructuring, generale, versus, quarter, equity


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Shell’s profits slump to 30-month low on weak oil, gas prices

Royal Dutch Shell’s second quarter profits slumped to a 30-month low due to lower oil and natural gas prices and refining margins, falling far short of forecasts. The Anglo-Dutch company reported on Thursday a rise in cash generation — a sign of improving operations — but the drop in profit dents a steady recovery since the end of 2016. Shell, the world’s second-largest publicly-traded energy company, joins rivals Total and Norway’s Equinor in reporting weak results for the quarter. Cash flow, a


Royal Dutch Shell’s second quarter profits slumped to a 30-month low due to lower oil and natural gas prices and refining margins, falling far short of forecasts. The Anglo-Dutch company reported on Thursday a rise in cash generation — a sign of improving operations — but the drop in profit dents a steady recovery since the end of 2016. Shell, the world’s second-largest publicly-traded energy company, joins rivals Total and Norway’s Equinor in reporting weak results for the quarter. Cash flow, a
Shell’s profits slump to 30-month low on weak oil, gas prices Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-01
Keywords: news, cnbc, companies, refining, oil, billion, 30month, profit, total, reported, gas, flow, company, cash, profits, weak, low, quarter, prices, shells, slump


Shell's profits slump to 30-month low on weak oil, gas prices

Royal Dutch Shell’s second quarter profits slumped to a 30-month low due to lower oil and natural gas prices and refining margins, falling far short of forecasts.

The Anglo-Dutch company reported on Thursday a rise in cash generation — a sign of improving operations — but the drop in profit dents a steady recovery since the end of 2016.

Shell, the world’s second-largest publicly-traded energy company, joins rivals Total and Norway’s Equinor in reporting weak results for the quarter.

“We have delivered good cash flow performance, despite earnings volatility, in a quarter that has seen challenging macroeconomic conditions in refining and chemicals as well as lower gas prices,” Chief Executive Officer Ben van Beurden said in a statement.

Net income attributable to shareholders in the quarter, based on current cost of supplies (CCS) and excluding identified items, dropped 25% to $3.6 billion from a year ago.

That compared with a profit forecast of $4.93 billion, according to a company-provided survey of analysts.

Cash flow, a key measure for the Anglo-Dutch company, rose to $11 billion from $9.5 billion a year ago.

Free cash flow — cash available to pay for dividends and share buybacks — dropped to $6.9 bilion.

Shell has focused on cash generation as a key measure of growth, targeting free cash flow of $25 to $30 billion a year between 2019 and 2021 and as much as $35 billion by 2025.

Rival BP on Tuesday reported stronger-than-expected profit in the quarter, which was largely unchanged from a year earlier, while France’s Total and Norway’s Equinor both reported sharp falls in earnings.

Exxon Mobil and Chevron both report on Friday.


Company: cnbc, Activity: cnbc, Date: 2019-08-01
Keywords: news, cnbc, companies, refining, oil, billion, 30month, profit, total, reported, gas, flow, company, cash, profits, weak, low, quarter, prices, shells, slump


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London Stock Exchange agrees to buy Refinitiv in $27 billion deal

Intel says 5G networks will be a focus after Apple buys modem…Intel CEO Bob Swan explained the rationale behind the sale of the company’s modem business to Apple for $1 billion and said the chipmaker still has a big role to play in 5G…Technologyread more


Intel says 5G networks will be a focus after Apple buys modem…Intel CEO Bob Swan explained the rationale behind the sale of the company’s modem business to Apple for $1 billion and said the chipmaker still has a big role to play in 5G…Technologyread more
London Stock Exchange agrees to buy Refinitiv in $27 billion deal Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-01
Keywords: news, cnbc, companies, agrees, billion, buy, intel, exchange, refinitiv, swan, stock, role, rationale, sale, 27, london, modem, modemintel, networks, apple, play, deal


London Stock Exchange agrees to buy Refinitiv in $27 billion deal

Intel says 5G networks will be a focus after Apple buys modem…

Intel CEO Bob Swan explained the rationale behind the sale of the company’s modem business to Apple for $1 billion and said the chipmaker still has a big role to play in 5G…

Technology

read more


Company: cnbc, Activity: cnbc, Date: 2019-08-01
Keywords: news, cnbc, companies, agrees, billion, buy, intel, exchange, refinitiv, swan, stock, role, rationale, sale, 27, london, modem, modemintel, networks, apple, play, deal


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The EU has new people in charge. And it’s not good news for US tech firms

New officials at the heart of the EU will likely keep America’s big tech firms under close scrutiny, experts have told CNBC. It has also proposed different laws that seek to limit online content and there’s little evidence that anything will change under the EU’s new leadership. Dexter Thillien, a senior industry analyst at Fitch Solutions, told CNBC via telephone Wednesday that Europe is keen to continue to be seen as the global leading force in tech regulation. Thillien explained that Europe s


New officials at the heart of the EU will likely keep America’s big tech firms under close scrutiny, experts have told CNBC. It has also proposed different laws that seek to limit online content and there’s little evidence that anything will change under the EU’s new leadership. Dexter Thillien, a senior industry analyst at Fitch Solutions, told CNBC via telephone Wednesday that Europe is keen to continue to be seen as the global leading force in tech regulation. Thillien explained that Europe s
The EU has new people in charge. And it’s not good news for US tech firms Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-01  Authors: silvia amaro
Keywords: news, cnbc, companies, tech, regulation, eus, told, charge, europe, thillien, good, eu, global, theres, valley, firms


The EU has new people in charge. And it's not good news for US tech firms

New officials at the heart of the EU will likely keep America’s big tech firms under close scrutiny, experts have told CNBC.

The European Commission — the EU’s executive arm — has fined companies such as Google and Apple for disrespecting its competition rules and is currently investigating Amazon. It has also proposed different laws that seek to limit online content and there’s little evidence that anything will change under the EU’s new leadership.

Dexter Thillien, a senior industry analyst at Fitch Solutions, told CNBC via telephone Wednesday that Europe is keen to continue to be seen as the global leading force in tech regulation. Thillien explained that Europe saw a loophole in global tech regulation and felt the need to act. “Europeans have all the negatives but none of the positives,” he said, referring to the fact that Europe has not created any large tech firms but has had to deal with the presence of Silicon Valley behemoths.


Company: cnbc, Activity: cnbc, Date: 2019-08-01  Authors: silvia amaro
Keywords: news, cnbc, companies, tech, regulation, eus, told, charge, europe, thillien, good, eu, global, theres, valley, firms


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Intel sold its smartphone modem business to Apple, but it says it will still be a big player in 5G

Intel sold its smartphone modem business to Apple, but the chipmaker’s CEO said Wednesday that his company will still be a big player in the 5G space. Apple bought the majority of Intel’s modem business for $1 billion, including technology related to the development of the 5G modems required for devices to connect to the new networks. Speaking with CNBC, Swan explained the rationale behind selling off the modem business: 5G modems, he said, were not an area that would differentiate growth for th


Intel sold its smartphone modem business to Apple, but the chipmaker’s CEO said Wednesday that his company will still be a big player in the 5G space. Apple bought the majority of Intel’s modem business for $1 billion, including technology related to the development of the 5G modems required for devices to connect to the new networks. Speaking with CNBC, Swan explained the rationale behind selling off the modem business: 5G modems, he said, were not an area that would differentiate growth for th
Intel sold its smartphone modem business to Apple, but it says it will still be a big player in 5G Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-01  Authors: arjun kharpal
Keywords: news, cnbc, companies, player, big, nonsmartphone, intel, modems, 5g, swan, technologies, company, smartphone, modem, apple, sold, business


Intel sold its smartphone modem business to Apple, but it says it will still be a big player in 5G

Intel sold its smartphone modem business to Apple, but the chipmaker’s CEO said Wednesday that his company will still be a big player in the 5G space.

5G refers to next generation of mobile networking that promises super-fast data speeds with the ability to support new technologies like driverless cars. Apple bought the majority of Intel’s modem business for $1 billion, including technology related to the development of the 5G modems required for devices to connect to the new networks.

Intel still has the option to develop 5G chips for non-smartphone products.

Apple made the move in order to develop its own in-house 5G modems rather than rely on Qualcomm, a company with which the iPhone maker has had a fraught history.

But the move is also a positive for Intel, according to CEO Bob Swan, who said the company can now focus on 5G in other areas.

Speaking with CNBC, Swan explained the rationale behind selling off the modem business: 5G modems, he said, were not an area that would differentiate growth for the industry. And with only one customer — Apple — retaining the business would not provide attractive returns, he added.

“So we doubled down on 5G networks where we think there’s real opportunities and last week we announced the sale of the 5G smartphone modem to Apple. But we also retained access to the technologies in the event that we need a 5G modem for non-smartphone applications, like a PC or an automobile,” Swan said.


Company: cnbc, Activity: cnbc, Date: 2019-08-01  Authors: arjun kharpal
Keywords: news, cnbc, companies, player, big, nonsmartphone, intel, modems, 5g, swan, technologies, company, smartphone, modem, apple, sold, business


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Fintech firm Revolut launches a Robinhood-style stock trading service

Revolut users will be able to buy a fraction of shares in U.S. companies through its trading platform. British fintech firm Revolut is jumping into the online brokerage space with its own commission-free stock trading platform. Revolut claims the move means it’s the “first-ever company” to bring fractional U.S. shares to Europe. Set up in 2015, Revolut gained popularity in the U.K. and Europe with a service that lets people spend abroad without paying fees. The Menlo Park, California-headquarter


Revolut users will be able to buy a fraction of shares in U.S. companies through its trading platform. British fintech firm Revolut is jumping into the online brokerage space with its own commission-free stock trading platform. Revolut claims the move means it’s the “first-ever company” to bring fractional U.S. shares to Europe. Set up in 2015, Revolut gained popularity in the U.K. and Europe with a service that lets people spend abroad without paying fees. The Menlo Park, California-headquarter
Fintech firm Revolut launches a Robinhood-style stock trading service Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-01  Authors: ryan browne
Keywords: news, cnbc, companies, way, users, buy, firm, stock, company, fintech, wealth, younger, robinhoodstyle, shares, service, revolut, trading, launches


Fintech firm Revolut launches a Robinhood-style stock trading service

Revolut users will be able to buy a fraction of shares in U.S. companies through its trading platform.

British fintech firm Revolut is jumping into the online brokerage space with its own commission-free stock trading platform.

The company launched the service — which lets users buy or sell popular U.S. stocks from Apple to Beyond Meat at the tap of a button — on Thursday, looking to lure in millennials who normally shy away from investing.

People will also be able to buy a fraction of those shares, with the minimum amount they can own being $1 worth of stock. Revolut claims the move means it’s the “first-ever company” to bring fractional U.S. shares to Europe.

“It’s about including people that have previously been excluded from developing their personal wealth,” Andre Mohamed, the executive leading Revolut’s trading team, told CNBC in an interview, adding that low interest rates have made it difficult for bank customers to save.

“This gives them another way to accumulate their personal wealth starting from a younger age in a way that is easy and low cost.”

Set up in 2015, Revolut gained popularity in the U.K. and Europe with a service that lets people spend abroad without paying fees. It’s seen as one of the numerous so-called challenger banks that have enjoyed popularity among younger consumers with app-based checking accounts. Revolut’s rivals include U.K. fintech firm Monzo and Germany’s N26.

The firm’s trading move comes after Robinhood’s botched attempt to launch checking and savings accounts last year. The Menlo Park, California-headquartered company has made waves in the U.S. with its no-fee trading service, but it hit a snag with its banking push due to regulatory concerns.


Company: cnbc, Activity: cnbc, Date: 2019-08-01  Authors: ryan browne
Keywords: news, cnbc, companies, way, users, buy, firm, stock, company, fintech, wealth, younger, robinhoodstyle, shares, service, revolut, trading, launches


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Qualcomm disappointed Wall Street. It says Huawei is partly to blame

Qualcomm disappointed Wall Street with its latest financial report. According to the company, a large part of the blame falls on Chinese tech giant Huawei. “As a result of the export ban, Huawei shifted their emphasis to building market share in the domestic China market, where we do not see the corresponding benefits in product or licensing revenue.” Huawei was the largest smartphone player by market share in China in the second quarter, according to separate data from another research company,


Qualcomm disappointed Wall Street with its latest financial report. According to the company, a large part of the blame falls on Chinese tech giant Huawei. “As a result of the export ban, Huawei shifted their emphasis to building market share in the domestic China market, where we do not see the corresponding benefits in product or licensing revenue.” Huawei was the largest smartphone player by market share in China in the second quarter, according to separate data from another research company,
Qualcomm disappointed Wall Street. It says Huawei is partly to blame Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-01  Authors: arjun kharpal
Keywords: news, cnbc, companies, wall, huawei, qualcomm, firm, according, market, demand, street, quarter, smartphone, slowed, blame, china, partly, disappointed


Qualcomm disappointed Wall Street. It says Huawei is partly to blame

Qualcomm disappointed Wall Street with its latest financial report. According to the company, a large part of the blame falls on Chinese tech giant Huawei.

The U.S. chipmaker reported revenue for the June quarter that declined 13% year-on-year, net income that was down 34% and guidance for the September quarter that missed market expectations.

Qualcomm’s press release cited “slower demand for 4G devices as the market prepares for the global transition to 5G” as a key reason for the weakness in its results, but the follow-up earnings call with the company’s top executives heavily focused on Huawei and China as a major factor.

“The Huawei export ban, along with the pivot from 4G to 5G, which accelerated over the past couple of months, has contributed to industry conditions, particularly in China, that we expect will create headwinds in our next two fiscal quarters, ” Steve Mollenkopf, CEO of Qualcomm, said on Wednesday.

“As a result of the export ban, Huawei shifted their emphasis to building market share in the domestic China market, where we do not see the corresponding benefits in product or licensing revenue.”

China’s Huawei was put on a U.S. blacklist that restricted American firms from selling products to it. Huawei relies on American components for products from smartphones to laptops. President Donald Trump’s administration later said that U.S. firms could sell to Huawei in instances where there are no national security risks.

As a result of the restrictions on Huawei, the Chinese technology firm has turned its focus to China and increased its smartphone market share in its home country. Huawei shipped a record high number of smartphones in China in the second quarter and the country accounted for 62% of its total shipments, according to data from market research firm IDC. Huawei was the largest smartphone player by market share in China in the second quarter, according to separate data from another research company, Canalys.

The reason Mollenkopf said that Qualcomm didn’t see “corresponding benefits in product or licensing revenue” is because Huawei makes the majority of its own smartphone modems. Therefore, the rise in Huawei’s China shipments didn’t help Qualcomm. But the U.S. firm does supply to Huawei’s rivals such as Xiaomi and Oppo, both of which saw declines in smartphone shipments in the second quarter in China, according to Canalys. So Huawei’s gain hurt Qualcomm.

Huawei is pushing ahead with its own chip technology in both processors and modems. It has developed a chip called the Kirin 980 which is both processor and modem. The processor powers the device while the modem allows it to connect to mobile networks. Huawei has already released its own 5G modem as well. The Chinese firm does still buy Qualcomm modems, but that percentage is low, and it is likely to try to wean itself completely off those.

Qualcomm rival Intel also warned of a slowdown in the China market.

“The China market for us has slowed and it’s had an impact on how we see the full 2019 playing out as demand signals (and the) overall economy in China slowed and then demand signals for semi equipment and for our business in particular slowed as a result of slowing demand,” Bob Swan, CEO of Intel, told CNBC on Wednesday.

Swan also said that the company has submitted “quite a few licenses” to the U.S. government for approval to sell to Huawei. Intel supplies some processors for Huawei laptops.


Company: cnbc, Activity: cnbc, Date: 2019-08-01  Authors: arjun kharpal
Keywords: news, cnbc, companies, wall, huawei, qualcomm, firm, according, market, demand, street, quarter, smartphone, slowed, blame, china, partly, disappointed


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Markets ‘need to chill’ because the Fed may not be done with rate cuts, says economist

Stocks in the U.S. fell after Fed Chairman Jerome Powell suggested policymakers were not embarking on a new cycle of rate cutting. But Robin Brooks, managing director and chief economist of IIF, suggested that the central bank may not be done with cutting rates. “I think the midcycle adjustment language that Chairman Powell used is important, ” Brooks pointed out. “The midcycle adjustments that we saw in ’95 and ’98 were 75 basis points each — so three cuts each. “My basic point here is: I think


Stocks in the U.S. fell after Fed Chairman Jerome Powell suggested policymakers were not embarking on a new cycle of rate cutting. But Robin Brooks, managing director and chief economist of IIF, suggested that the central bank may not be done with cutting rates. “I think the midcycle adjustment language that Chairman Powell used is important, ” Brooks pointed out. “The midcycle adjustments that we saw in ’95 and ’98 were 75 basis points each — so three cuts each. “My basic point here is: I think
Markets ‘need to chill’ because the Fed may not be done with rate cuts, says economist Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-01  Authors: yen nee lee
Keywords: news, cnbc, companies, underlying, points, think, economist, cuts, chill, central, fed, rate, need, suggested, brooks, powell, hawkish, markets, midcycle


Markets 'need to chill' because the Fed may not be done with rate cuts, says economist

The underlying message by the Federal Reserve — after it cut interest rates on Wednesday — may not be as hawkish as many investors had interpreted it to be, according to the chief economist of Institute of International Finance.

Stocks in the U.S. fell after Fed Chairman Jerome Powell suggested policymakers were not embarking on a new cycle of rate cutting. The 25 basis points cut on Wednesday marked the central bank’s first policy easing in more than a decade.

But Robin Brooks, managing director and chief economist of IIF, suggested that the central bank may not be done with cutting rates.

“I think the midcycle adjustment language that Chairman Powell used is important, ” Brooks pointed out. “The midcycle adjustments that we saw in ’95 and ’98 were 75 basis points each — so three cuts each. And I think that is actually pretty close to what the market was pricing going into this meeting.”

So, the central bank’s move and Powell’s comments on Wednesday aren’t “much of a hawkish surprise at all,” Brooks told CNBC’s “Squawk Box” on Thursday.

“My basic point here is: I think markets here need to chill a little bit and the underlying theme is more dovish than … markets perceived.”


Company: cnbc, Activity: cnbc, Date: 2019-08-01  Authors: yen nee lee
Keywords: news, cnbc, companies, underlying, points, think, economist, cuts, chill, central, fed, rate, need, suggested, brooks, powell, hawkish, markets, midcycle


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