Video

Blast from the Past: Derivatives explained

 Credit default swaps? They’re complicated – and scary! The receipt you get when you pre-order your Thanksgiving turkey? Not so much. But they have a lot in common – they’re both derivatives. Paddy Hirsch explains. #MarketplaceAPM #EconomicExplainers

‘Ether is a commodity,’ says CFTC Chairman Heath Tarbert

In a conversation with Yahoo Finance, CFTC Chairman Heath Tarbert discusses bitcoin, cryptocurrencies and regulation. He announces that the agency considers ether a commodity that falls under its jurisdiction.

Bank Talk from KBRA – September 2019

In this edition of Bank Talk, Van Hesser and Ethan Heisler discuss recent trends in leveraged loans, credit cards, and auto, noting that credit conditions have never been this strong for commercial banks.

Central Banks to Act in Case of No-Deal Brexit: Goldman’s Gnodde

Richard Gnodde, chief executive officer at Goldman Sachs International, discusses expectations for central banks to support financial markets in the case of a no-deal Brexit. He speaks with Bloomberg’s Francine Lacqua on “Bloomberg Daybreak: Americas.”

We Are Primed for a Third Fed Rate Cut, Economist Rupkey Says

Christopher Rupkey, chief financial economist at MUFG Union Bank, discusses market expectations for a Federal Reserve rate cut. He speaks on “Bloomberg Surveillance.”

S&P Global Ratings’s Chan Sees Bumpy Credit Conditions in APAC

Terry Chan, Asia-Pacific managing director and head of credit research at S&P Global Ratings, discusses the potential for a recession in the U.S., corporate debt and a low interest rate environment. He speaks on “Bloomberg Daybreak: Asia.”

What it means when the Fed conducts a ‘repo’ operation

 The Federal Reserve has been buying bonds in an effort to make sure there’s enough liquidity in the system. The last time the Fed conducted a similar repurchasing operation was during the financial crisis. Here’s what it means when the Fed conducts a ‘repo’ operation

Daily Repo Actions Starting to Smooth Out Markets, Goldman’s Hammack Says

Beth Hammack, Goldman Sachs global treasurer, discusses the long-term effects of the Federal Reserve’s daily repo operations with Bloomberg’s Scarlet Fu, Sonali Basak and Caroline Hyde on “Bloomberg Markets: The Close.”

New York Fed President John Williams responds to repo market criticism

Yahoo Finance’s Brian Cheung, Myles Udland, and Jared Blikre discuss the recent repo market volatility and New York Fed President John Williams’ response as well as Jerome Powell’s legacy for the Federal Reserve.

Dissent culture within the Fed is changing, says former Philly Fed president

CNBC’s Steve Liesman and Charles Plosser, former Philadelphia Fed president, discuss the great Fed divide.

E.U.’s Moscovici on European Economy, Fiscal Policy, Brexit

European Commissioner for Economic and Financial Affairs Pierre Moscovici discusses slowing European growth, the potential for the use of fiscal policy, and the possibility of another extension to the Oct. 31 Brexit deadline. He speaks with Bloomberg’s David Westin from the Bloomberg Global Business Forum 2019 on “Bloomberg Daybreak:...

UBS’s Weber on Economic Risks, Negative Rates, Central Bank Policy

UBS Group AG Chairman Axel Weber talks about the German economy, negative interest rates and central bank policy. He speaks with Matt Miller in Zurich on “Bloomberg Surveillance.”

Bond Yields Going Higher as Negativity Bubble Bursts: BTIG’s Emanuel

Julian Emanuel, chief equity and derivatives strategist at BTIG, discusses what he calls the busting of a negativity bubble in the bond market. He speaks with Bloomberg’s Alix Steel on “Bloomberg Daybreak: Americas.”

Blast from the Past: The ‘repo’ market explained

Paddy Hirsch explains why the repurchase (or repo) market is vital part of the financial system, and why the government is considering changes to it. #MarketplaceAPM #EconomicExplainers #RepoMarket

Repo market issues aren’t having much impact on macroeconomy, says JP Morgan economist

 Michael Feroli, chief U.S. economist at JP Morgan, and Kevin Mahn, Hennion & Walsh CIO, discuss the future of USMCA and other big market risks.

What Recent Repo Operations Signal About the Fed’s Balance Sheet

Eric Lonergan, M&G Investments macro fund manager, and Bloomberg’s Yelena Shulyatyeva discuss the Federal Reserve’s repo operations with Bloomberg’s Romaine Bostick, Caroline Hyde, and Joe Weisenthal on “Bloomberg Markets: What’d You Miss?”

Bill Dudley Says the Fed Could Have Acted Faster on Repo Facility

Bill Dudley, senior research scholar at Princeton University, and former New York Fed President, discusses bank reserves and the benefits of Federal Reserve repo operations. He speaks on “Bloomberg Markets.”

Here’s what drove the repo rate higher

Beth Hammack, global treasurer at Goldman Sachs and the chairwoman of the Treasury Borrowing Advisory Committee, joins “Squawk Box” to discuss the Fed’s repo operation.

Central Banks Hide Behind Negative Rates That Don’t Work, Peter Fisher

Dartmouth Tuck School Clinical Professor Peter Fisher discusses the destructive nature of negative interest rates. He speaks with Bloomberg’s Alix Steel on “Bloomberg Daybreak: Americas.”

Fed Will Have to Start Buying Assets Again, RBC Economist Porcelli Says

Tom Porcelli, chief U.S. economist at RBC Capital Markets, explains why it’s a “foregone conclusion” that the Federal Reserve will have to expand its balance sheet. He speaks with Bloomberg’s Tom Keene on “Bloomberg Surveillance.”

Fed Stays on Hold Until End of 2020, Says Fitch Rating’s McCormac

James McCormack, global head of sovereign ratings at Fitch Ratings, discusses the Fed policy decision, the U.S. economy and the independence of the Fed. He speaks exclusively on “Bloomberg Markets: European Open.”

Richard Clarida: Fed is not on a ‘set course’ with policy

Richard Clarida, vice chair of the Federal Reserve, joins CNBC’s Sara Eisen to discuss Fed policy after the second interest rate cut of 2019.

Why are Federal Reserve members split on raising rates?

 The FT’s Brendan Greeley examines why the Federal Reserve decided to cut rates and what is behind the disagreement between members of the rate-setting committee. Read more at https://on.ft.com/2kRpnbP

Fiscal-Monetary Combo Is the Next frontier for Policy, Fidelity’s Timmer Says

Jurrien Timmer, head of global macro at Fidelity, discusses the relevance of the Federal Reserve’s dot plot and the need for a combination of fiscal and monetary policy. He speaks with Bloomberg’s Alix Steel on “Bloomberg Daybreak: Americas.”

Fed cuts interest rates by quarter point, cites weakening exports and low inflation

Fed cuts benchmark interest rate by 0.25 percentage points, but Fed officials do not forecast another rate cut this year, according to FOX Business’ Edward Lawrence.

Will the Fed disrupt market confidence?

Vining Sparks chief economist Craig Dismuke explains how cutting interest rates impacts the economy.

Effectiveness of Monetary Policy Is Not Absolutely Guaranteed, Says BIS’s Carstens

Agustin Carstens, general manager at Bank of International Settlements, discusses central bank policy in developed countries, what more they can do, fiscal policy, China, trade negotiations, his outlook for a global recession and central bank independence. He speaks exclusively on “Bloomberg Markets: Asia.”

Central Bank Craziness Makes Pricing Risk Anomalous: Michael Holland

Michael Holland, chairman at Holland & Company, discusses his approach to markets and investing, taking into account central bank policy and the Saudi Arabian oil facilities attack. Yale University Professor and 2013 Nobel Prize winner Robert Shiller joins the conversation with Bloomberg’s Tom Keene on “Bloomberg Surveillance.”

The Fed is spooked by the yield curve inversion, strategist says

Jeffrey MacDonald, head of fixed income strategies at Fiduciary Trust, joins “Squawk Box” to talk about the economy and the fixed income market ahead of the Fed’s two-day meeting.

Fannie Mae and Freddie Mac Won’t Go to Market Until End of 2020, FHFA Director Says

Federal Housing Finance Agency Director Mark Calabria discusses the outlook for Fannie Mae and Freddie Mac with Bloomberg’s Vonnie Quinn on “Bloomberg Markets.”