Powell's focus on labor market signals September cut, says Joe Terranova

The Investment Committee breaks down Fed Chair Jerome Powell's testimony before the Senate Banking Committee, how to position, and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/42d859g
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[@Johnmark-iq4gg]

Great video, The first $100,000 invested was amazing. But when you hit $300,000 it’s like smashing the glass ceiling! I cried.

[@WalterDorcas]

I completely agree with you! My first 100k took a long time and wasn't that special to be honest with you. Once I hit 300K that is the game changer in my opinion. At this point my money is basically making me a pretty good yearly salary. When I go to sleep at night I know my money is making decent money with the help of my FA

[@bonner-qv3mi]

Nice. People often underestimate financial advisors' importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in AI and other growth stocks.

[@Johnmark-iq4gg]

I've been considering but haven't been proactive. Can you recommend your advisor? Could really use some assistance.

[@WalterDorcas]

"Nicole Anastasia Plumlee" is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.

[@Johnmark-iq4gg]

I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip.

[@GaelleChevallier-b4v]

La compréhension de Mme Grace des indicateurs de marché est impressionnante. Elle sait exactement quand entrer et sortir des transactions pour un profit maximum.

[@MagaliKrajco]

Merci à Mme Grâce

[@MagaliKrajco]

Elle est courtier agréé ici aux États-Unis

[@Jean-FrançoisHémery-dufoug]

Comment ..? Je suis débutant en investissement crypto, pouvez-vous me guider sur la façon dont vous avez réalisé vos bénéfices ?

[@RainaldBeloeil]

OUI!!! C'est exactement son nom (Mme Grace ), tant de personnes l'ont fortement recommandées et je viens tout juste de commencer avec elle depuis la Belgique???

[@ArcclubSauvian]

Après avoir récolté jusqu'à 325 000 € grâce au commerce avec elle, j'ai acheté une nouvelle maison et une voiture J'ai également payé l'opération chirurgicale de mon fils (Oscar). Gloire à Dieu Shalom

[@w12p67]

Why would they cut rates? We need higher rates for longer to pay for all of the excesses since 2008.

[@The-Capitalist]

Because the economy is in shambles. Its 08 all over again in a way.

[@kinpatu]

Funny how they basically threw in the towel on 2% inflation.

[@rickhayes-oh2zm]

people working 3 jobs is a weak economy. Get a brain

[@donnyrosart8714]

Okay. So what's the prevalence of people working 3 jobs? How does it compare to historical norms?

[@grandmiserthe3rd434]

Wall Street doesn't seem concerned that no one knows who's running the country ......!!!

[@weho_brian]

market already priced in Trump presidency

[@user-ll9qk2el4d]

What makes anyone think Trump will work on behalf of the country if elected. The guy only has his own best interest in mind. Always has, always will.

[@ericwood3709]

No one person "runs" this country. It is not a dictatorship.

[@ericwood3709]

@@weho_brian Has it? Considering how chaotic Trump is, I think that's hard to do.

[@FuzzFace]

Yield curve hasn’t uninverted. They won’t cut until it does

[@whisperingeye4968]

They will absolutley cut. The yield curve is a single data point. CPI, labor, is far more important than anything right now.

[@FuzzFace]

Historically low unemployment and higher CPI than Fed’s target. They’re not at a cut.

[@williamgentry3427]

@@FuzzFace Time will tell. You should come back end of year to post a reply about how rates are still not being cut.

[@GregRyanFitness]

Fed cut on September 19 2007, guess what the date the fed meeting is this year? Look what happened next!

[@aurovindsahoo]

what happened after this date @GregRyanFitness

[@whisperingeye4968]

What does subprime mortgages and synthetic CDOs have to do with today’s market? They’re not even remotely related and there are safeguards in place to prevent that level of corruption in addition to the fed able to purchase MBS

[@ericwood3709]

Something totally unrelated. What are you, Greg? A dumb Russian bot?

[@MrCrowleyDrumming]

@@whisperingeye4968 we never have the same crash twice. This time crypto will contribute to our downfall. Once alt coins start failing you'll start to see more pressure on banks, and once banks start to fail you'll see the FED again bailout over the weekend. Mortgages are still an issue since people need to pay their mortgage, if they can't pay their mortgage they still default. The difference between 2008 and 2024 is that the CDO market was around 700 billion, now crypto is around 2.2 trillion. I'm pretty sure 2.2 trillion is more than 700 billion.

[@nonexistent5030]

Powell: "I will not be signaling timing of a rate cut today." NBC: "So September then?" Hilarious.

[@user-oj1id5mp7w]

they won't cut in sept Joe is always wrong

[@erichvonmolder9310]

Whatever has been working for you, don't do anything. Don't overthink is my suggestion.

[@user-ph2qg1iz9u]

GROY TMC and AG 🚀🚀🚀🚀🚀

[@harrychu650]

Rates are too high for worthless small caps to perform. Buy buy buy Tesla stock while the discounts last.

[@knt3219]

Mr. Terranova Joe : NO , In September 2024 And That Is My Prediction. Sincerely❤️❤️❤️, KNT. July 9 2024 , 5:00 P.M. Eastern Time USA .

[@simpiwemaqwara2184]

We are looking forward to earnings

[@JamesCalabrese930]

Nice

[@994pt4]

I don't care what JPOW says. All I know is BTMFD and get as much of that EZ PZ FREE FED MONEY as you can! Thanks for all that FREE MONEY JDADDY!!!

[@lionlamb2702]

What about small cap AI? $VRSSF

[@cope4288]

Terranova is full of crap

[@utubeisfake]

i really cant stand this lady.....not sure why....

[@kylefabbro171]

What a beautiful system. Buy healthcare stocks to boost your 401k, then give it back to the hospitals when you retire. Joke.