Latest / Markets with Megan: A Quick Financial Markets Update / Markets Whipsaw: What's Washington Doing? | S2 E017 | 03-06-25

Transcript

Markets Whipsaw: What's Washington Doing? | S2 E017 | 03-06-25 · Markets with Megan: A Quick Financial Markets Update

• 0:00
  Megan Horneman: The Washington Whipsaw is the name of the game today.
• 0:02
  Megan Horneman: It's Thursday, March the 6th, and you are listening to Markets with Megan.
• 0:05
  Megan Horneman: We invite you, if you like this podcast, to subscribe.
• 0:08
  Megan Horneman: Hit that alarm bell and you can always share this with friends, family and colleague.
• 0:12
  Megan Horneman: We're seeing the markets quite volatile today and this reminds me of what we discussed this morning on our Squawk Box segment on CNBC.
• 0:20
  Megan Horneman: The markets don't like this.
• 0:23
  Megan Horneman: Back and forth with the tariffs Are the tariffs on or the tariffs off?
• 0:26
  Megan Horneman: This uncertainty makes it extremely difficult for companies to forecast.
• 0:30
  Megan Horneman: It makes it difficult for companies to look at hiring.
• 0:33
  Megan Horneman: It also makes it difficult for companies to expand.
• 0:35
  Megan Horneman: At the same time, from an investor standpoint, it's going to make investors nervous and we're seeing that where investors are taking some profits off of some of the big high-flying names and high-flying sectors like technology here in the US.
• 0:48
  Megan Horneman: We're seeing this kind of selling in that area, as investors just want to park on the sideline and see how this all works itself out.
• 0:56
  Megan Horneman: We'll get more information tomorrow, I'm sure of it, on the tariff standpoint, and then we'll also get the employment report for the month, and this tends to be a market-moving event because it covers two extremely important topics and also two of the mandates from the Federal Reserve Employment.
• 1:11
  Megan Horneman: So is the employment situation weakening more than expected?
• 1:15
  Megan Horneman: And second, inflation.
• 1:16
  Megan Horneman: This isn't a direct inflation report, but wage inflation is something that the Fed has talked about being very difficult to control.
• 1:22
  Megan Horneman: It's not something that they can control.
• 1:23
  Megan Horneman: About being very difficult to control it's not something that they can control.
• 1:26
  Megan Horneman: It also tends to be sticky and investors what we've seen consumers and investors continue to be concerned about inflation.
• 1:34
  Megan Horneman: In the long run they continue to think it's going to go higher.
• 1:36
  Megan Horneman: In that case, then they will likely demand higher wages and then it results in wage pressures and it just becomes a vicious inflation circus.
• 1:45
  Megan Horneman: So the Fed's going to be looking at that report and we'll be monitoring it closely and we'll be back to give you our thoughts on it and the market reactions tomorrow as well.
• 1:54
  Megan Horneman: If you'd like a further history of our podcast, you can feel free to look at marketswithmegan.
• 1:58
  Megan Horneman: fm.
• 2:00
  Megan Horneman: Thank you.