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covers the Federal Reserve and the global economy @axios (🇯🇲) axios.com/signup/busines… Joined June 2013-
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Favorite Milken moment: Security detail for a well-known billionaire, freaking out because someone forgot to bring their boss the correct tie.
+1, though Argentina's president Javier Milei gave an address with a fairly ominous tone as he describes what he sees as the "risks" to the West. But he (perhaps unsurprisingly) is upbeat about Argentina's economic outlook and is pitching the audience to "bet" on the nation
+1, though Argentina's president Javier Milei gave an address with a fairly ominous tone as he describes what he sees as the "risks" to the West. But he (perhaps unsurprisingly) is upbeat about Argentina's economic outlook and is pitching the audience to "bet" on the nation
Argentina’s president Javier Milei @ Milken… If you heard his speech at Davos, this one strikes a similar tone so far: a lot of praise for capitalism, refers to the audience of CEOs and top execs “heroes”
Big one-day jump The average 30-year fixed mortgage rate ticks up to 7.44% New high for 2024 Spread: 280 bps
This week's Consumer Price Index showed insurance prices up 22% over the last year, the largest annual jump seen in data that goes back 40 years. It's the latest sign the American driver is facing the worst price shock in a generation. trib.al/K6vBdnK
Staff economists at the Fed upgraded their economic projections in March, primarily because they expect the nation to have a bigger population down the line—thanks to an immigration boost, per Fed minutes
Caribbean-American parents, grandparents, aunts and uncles would like a word…
Caribbean-American parents, grandparents, aunts and uncles would like a word…
For all those tracking Treasury Secretary Janet Yellen’s dining adventures in China… Here’s Yellen and Ambassador Nicholas Burns with IPAs (made with American hops) at Jing-A brewery in Beijing.
Soon: Treasury Secretary Janet Yellen will hold a press conference in Beijing (and her remarks will happen against a very pleasant backdrop!)
Via the Reliable Sources newsletter: This is the stop-in-your-tracks front page of Friday's Wall Street Journal, marking the one-year anniversary of Evan Gershkovich's detention (cnn.it/3TBLHme)
New: Biden and Dems (mostly) have ditched “Bidenomics” while congressional Republicans are using it more than ever. Biden said it for the first time in over two months yesterday & has been saying it less & less for months W/ @HansNichols @StefWKight axios.com/2024/03/27/bid…
This is extremely cool... "Women's work" could soon be officially measured in government data axios.com/2024/03/22/wom…
High interest rates apparently not very romantic (bloomberg.com/news/articles/…)
Having a side chat with @mckonomy about this chart and changing inflation dynamics based on today's Axios Markets (h/t @felixsalmon )
🏆 1 big thing: our Axios Macro newsletter won a @SABEW 2023 Best in Business award! Congratulations to @Neil_Irwin & @Courtenay_Brown and to their managing editor @TeflonGeek! 📬 Get this award winning coverage in your inbox: axios.com/newsletters/ax… sabew.org/contestsawards…
For the first time in over 3 decades, the UK will include vinyl records in its CPI basket ONS: "Often the basket reflects the adoption of new technology, but the return of vinyl records shows how cultural revivals can affect our spending." reuters.com/world/uk/vinyl…
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We're starting a 2x/month advice column @Slate focused on addiction/recovery/hating yourself less, written by A.J. Daulerio (now of @thesmallbow). I am thrilled about this because I hate shame and I love support and A.J.'s writing. Send him questions here: docs.google.com/forms/d/e/1FAI…
Inflation, Met Gala style: Ticket cost this year: $75,000 a person Ticket cost 2023: $50,000 Ticket cost 2022: $35,000 Hope this makes the NY Fed Beige Book!
trying to follow the drake kendrick beef
On this day in 2001, one of the most iconic and talked about episodes of The Sopranos first aired, Pine Barrens, directed by none other than Steve Buscemi. "He killed 16 Czechoslovakians. Guy was an interior decorator." "Really? His house looked like shit."
What a wild year. I’m beyond honored to be named a Pulitzer finalist with the one and only @caseymross. More than anything, we hope this shines light on the Medicare Advantage enrollees, and their families, who have been harmed by the use of this AI. pulitzer.org/finalists/case…
sundays are for reading at a fifth grade level
me in public listening to other peoples conversations which is obviously none of my business:
This is public service journalism
Pascual is, without a doubt, the best meal I’ve had from a new restaurant this year. Worth the hype
Grabbed a last minute solo reservation at the old Kenny’s BBQ - aka Pascual. Tremendous. Outdoor seating just opened, will be added to reservations. Frozen margarita is great…as is guacamole and the el pastor taco
i would simply pass away if this happened to me
A Bloomberg reporter accidentally sent out her source list that contains personal notes on existing and potential contacts, per sources. Bloomberg is reaching out to people in the reporter’s list, per sources.
Why was the police Tippie Toe chasing. 😂😂😂😂 U not a damn ballerina, RUN!!!!
Lmfao y’all look what my friend sent me 💀
Being an adult — I now realize I called my Momma way too many times while she was at work.
33 million people are enrolled in Domino's Pizza Rewards Program, or roughly 10% of the U.S. population
PG&E seeks private equity deal to help finance California wildfire prevention axios.com/2024/05/01/pge…
$AMZN CFO on Capex trends: "...we will be meaningfully stepping up our CapEx, and the majority of that will be to support AWS infrastructure & specifically generative AI efforts...in Q1, we had $14B of CapEx, we expect that to be the low quarter for the year"
The last 2 months were the strongest personal spending growth numbers in over a year.
A thread about a crazy (and indicative) WW2 story on central banking, the Reichsbank, the BiS, BoE's Norman, CBI and some guest stars (no, its not about the 1939 memorandum). 1/
“A cold war is already being waged against the United States by China’s leaders. Rather than denying the existence of this struggle, Washington should own it and win it.” Read Matt Pottinger and Mike Gallagher on the case for a revised China policy: trib.al/KkVT39r
To understand what is at stake in the fight against the axis of China, Russia and Iran, just read "The Lord of the Rings," @nfergus writes trib.al/L5VlgJO via @opinion
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