What Trump Tariffs Mean for Prices & Fed Cuts Rates, but Mortgages Are Up?

Morning Brew Daily

Morning Brew

Business, News, Business News

4.4 • 3K Ratings

🗓️ 8 November 2024

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 449: Neal and Toby recap the Fed meeting through the lens of an incoming Trump presidency and whether Fed Chair Jerome Powell’s goal remains the same. Then, while the inflation rate has gone down, mortgage and borrowing rates continue to climb…what’s the deal?? Next, a recap of how the world economies are reacting to the election and Trump’s proposed plan of broad-based tariffs. Meanwhile, the Stock of the Week is the private prison business and Dog of the Week are US retailers. Lastly, a rundown of the biggest headlines heading into the weekend. 00:00 - Encumbered incumbents? 2:45 - The Fed cuts rates again 7:00 - Mortgage rates rising 10:20 - Global economies react to Trump’s win 16:45 - Stock of the Week: Prison business 19:10 - Dog of the Week: Retailers 23:00 - Other headlines Subscribe to Morning Brew Daily for more of the news you need to start your day. Share the show with a friend, and leave us a review on your favorite podcast app. Download the Yahoo! Finance App (on the Play and App store) for real-time alerts on news and insights tailored to your portfolio and stock watchlists. Get your Morning Brew Daily T-Shirt HERE: https://shop.morningbrew.com/products/morning-brew-radio-t-shirt?_pos=1&_sid=6b0bc409d&_ss=r&variant=45353879044316 Listen to Morning Brew Daily Here: https://link.chtbl.com/MBD Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	The holidays are finally making their way back around, which means gift-giving season is almost here, as is holiday party season. Whether you're hosting or gifting, there's nothing that elevates the season quite like music, especially when those tunes are flowing through a Sonos speaker or soundbar. Sonos works with award-winning artists, producers, and sound engineers to fine-tune their products and ensure they deliver the highest-quality sound.
0:23.0	Listen to all of the Christmas music you want and watch all of your holiday movie classics.
0:27.8	Sonos makes everything sound crisp and clean.
0:30.4	It's basically your personal cinematic sound experience.
0:33.5	Need a great gift for someone or everyone on your list?
0:36.0	Visit sonos.com slash brew to shop the selection.
0:39.4	That's s-o-n-os.com slash brew.
0:44.8	Good morning, Brew Daily Show.
0:47.2	I'm Neil Fryman.
0:48.1	And I'm Toby Howell.
0:49.0	Today, Jerome Powell cut interest rates for the second time this year.
0:52.8	So why are mortgage rates going up?
0:55.7	It's Friday, November 8th.
0:57.5	Let's ride.
1:02.7	Good morning, and I hope you all have a better Friday than incumbent political parties this year,
1:08.5	because they've seen a historic wave of defeats.
1:12.4	Here's a wild stat I saw in the Financial Times yesterday that would be enshrined in the
1:16.1	Neal's Numbers Hall of Fame. After the Democrats lost on Tuesday, every governing party
1:21.7	face an election this year, all 10 from the UK to France to Japan to the United States,
1:26.9	lost vote share. It's the first time this has
1:29.7	ever happened, truly unprecedented. And while there are absolutely local factors at play,
1:35.9	the one thing every country experienced over the past couple of years was inflation. So voters
	...

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