Economy grew at 3% pace in Q2, faster than previously thought

Sdílet
Vložit
  • čas přidán 13. 09. 2024
  • CNBC's Rick Santelli joins 'Squawk Box' with the latest initial jobless claims and revised Q2 GDP data.

Komentáře • 72

  • @JoeWilmoth-k2w
    @JoeWilmoth-k2w Před 15 dny +97

    As an investing enthusiast, I've kept aside a good sum of capital to invest for financial independence and early retirement, but my concern right now is the market rally being propaganda. Is this a good time to buy stocks, or do I wait for the crash?

    • @PatyRamírez-z9z
      @PatyRamírez-z9z Před 15 dny

      The stock market can appear as a bewildering cauldron of fake news for new investors. I would advise using a CFP, giving him/her 2/3, and then investing the 1/3 on your own, but only if you have time to track stocks and educate yourself.

    • @JacobReynolds-t7v
      @JacobReynolds-t7v Před 15 dny

      @@PatyRamírez-z9z First two years, I lost money until I got my sea legs. My portfolio is well-matched by a certified financial planner for every season of the market, and just recently hit 7 figures after 5 years of subsequent investments. I'm retired and never leaving the market.

    • @JoeWilmoth-k2w
      @JoeWilmoth-k2w Před 15 dny

      @@JacobReynolds-t7v Congrats! The market to me is like a lucrative chess game, incredibly difficult to outperform, it's all about understanding how the world moves, its history, and psychology... mind disclosing info about your CFP? I'm quite curious.

    • @JacobReynolds-t7v
      @JacobReynolds-t7v Před 15 dny

      @@JoeWilmoth-k2w She goes by the name ‘Victoria Carmen Santaella’ I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finances, but so glad I did.

    • @JoeWilmoth-k2w
      @JoeWilmoth-k2w Před 15 dny

      @@JacobReynolds-t7v I feel thrilled about this, curiously inputted Victoria Carmen Santaella on the web, and spotted her consulting page ranked top. I've seen commentaries about advisors but not one looks this phenomenal.

  • @SummerBear74
    @SummerBear74 Před 15 dny +134

    We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.

    • @VeniceHew83
      @VeniceHew83 Před 15 dny

      Keeping some gold is usually a wise decision. You would be better off keeping away from equities for a bit or, even better, seeking advice from an expert given the current market conditions and everything that is at risk with the current economy.

    • @HelenaTichmann59
      @HelenaTichmann59 Před 15 dny

      You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst

    • @AgataRadizikowska
      @AgataRadizikowska Před 15 dny

      Could you possibly recommend a CFA you've consulted with?

    • @HelenaTichmann59
      @HelenaTichmann59 Před 15 dny

      My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..

    • @AgataRadizikowska
      @AgataRadizikowska Před 15 dny

      Thank you for saving me hours of back and forth investigation into the markets. I simply copied and pasted her full name into my browser, and her website came up first in search results. She looks flawless.

  • @MrAndersonsplaybook
    @MrAndersonsplaybook Před 15 dny +1

    Current Interest rates are not restrictive, data keeps telling us but we choose to dream of those easy money times of 1%

  • @maggotman2024
    @maggotman2024 Před 15 dny +2

    Here’s some good news but will the media report it widely or will it only be available on business channels and websites?

    • @jasoncortez1238
      @jasoncortez1238 Před 15 dny

      the numbers will get revised which is why nobody believes them anymore. Most corrupt BLS and executive administration in history.

  • @Congtrihayankeomut
    @Congtrihayankeomut Před 15 dny +5

    CZcams financial experts all say we’re in economic recession haha maybe some people are doing better than others

  • @lrm21
    @lrm21 Před 15 dny +10

    What did government spend as % of GDP, and there is your growth. Without the government spending, we would have a negative GDP.

    • @sankalp3513
      @sankalp3513 Před 15 dny +4

      Deficit spending is on par with WWII times, yet this is peace time. Your point is solid. Same monkeying with the jobs figures is happening by including government jobs.

    • @damonkatos4271
      @damonkatos4271 Před 15 dny +1

      Who drove the defect higher, Trump or Biden?

    • @yyan6501
      @yyan6501 Před 15 dny +1

      Trump added 10T to deficit in 4 yrs, almost as much as Obama in 8 yrs and Obama had to deal with the financial crisis. I didnt hear you complain about spending back then.

    • @damonkatos4271
      @damonkatos4271 Před 15 dny

      @@yyan6501 facts!!!
      They go crickets when you bring this up. Even with non covid spending, Trump spent more.

    • @HateTheIRS
      @HateTheIRS Před 15 dny

      @@damonkatos4271unfortunately you’re right.

  • @DiscipleofChrist33
    @DiscipleofChrist33 Před 15 dny +13

    Smoke and mirrors

    • @crispingarza5658
      @crispingarza5658 Před 15 dny

      Jesus Freak. I believe in God, but I'm not a freak about it. I'm quite certain that if Trump was in the White House, you would be applauding this economic data.

    • @damonkatos4271
      @damonkatos4271 Před 15 dny +1

      Who drove the deficit higher, Trump or Biden?

    • @crispingarza5658
      @crispingarza5658 Před 15 dny

      @@damonkatos4271 According to Nikki Haley and the Congressional Budget committee, Trump added $8.5 Trillion to the National Debt. Largely due to his 2017 Tax Reform giving the Ultra Wealthy the largest tax cut in History. The annual deficit was also greater under Trump.

    • @shane0001
      @shane0001 Před 15 dny

      Sorry to hear you're not doing well

  • @jasoncortez1238
    @jasoncortez1238 Před 15 dny

    FJB! Quit giving us bogus numbers making it seem like labor market is strong only to revise them down when nobody is paying attention.

  • @2023gainer
    @2023gainer Před 15 dny +1

    The EV sector continues it's Summer Surge. Frey 2 %.. NKLA.. Nikola 1%... ChargePoint...Blade Evtol Jets.. Joby Evtol Jets.. Polestar... Rivian.. Zapp Electric motorcycles and more.

  • @sergiosilva7528
    @sergiosilva7528 Před 15 dny +9

    MAGA tears all over this comment sectio! We know if is GOOD for America is BAD for MAGA!😂

    • @ssuwandi3240
      @ssuwandi3240 Před 15 dny

      Like Ms Coconut charlatan✋

    • @sergiosilva7528
      @sergiosilva7528 Před 15 dny +2

      @@ssuwandi3240 how many trump's card did you bought?! 😂

    • @ssuwandi3240
      @ssuwandi3240 Před 15 dny

      @@sergiosilva7528
      VOTE TRUMP, NOT TRAMP🤡 AND SAVE AMERICA FIRST💪💪🇺🇲🇺🇲

    • @sergiosilva7528
      @sergiosilva7528 Před 15 dny

      @@ssuwandi3240 Trump is a Tramp! So you are voting for the same sh%t😬

    • @user-ys9sw2gy5g
      @user-ys9sw2gy5g Před 15 dny +1

      You gotta be smart as a box of door knobs to believe these numbers. Take a look around where the threshold of hell. Last week jobs number should’ve told you everything about how much they lie. In some weird way I want you Democrats to win and I’m going to say I told you so.

  • @PianoUniverse
    @PianoUniverse Před 15 dny +18

    The Biden economy has been very very good to me.

    • @nickvin7447
      @nickvin7447 Před 15 dny +2

      Said no one ever.

    • @PianoUniverse
      @PianoUniverse Před 15 dny +4

      @@nickvin7447 You must of bought DJT stock.

    • @ssuwandi3240
      @ssuwandi3240 Před 15 dny +1

      Trump's 1.9% inflation was indeed unbeatable✋

    • @shane0001
      @shane0001 Před 15 dny

      ​@@ssuwandi3240"...during a worldwide pandemic that overwhelmed his complete incompetence." Finished it for you.

    • @PianoUniverse
      @PianoUniverse Před 15 dny +1

      @@ssuwandi3240 Until there was a total market collapse. 1 million deaths, massive unemployment and 15 million job loses.

  • @lavague7648
    @lavague7648 Před 15 dny

    The bubble is getting bigger and bigger and prefer to cash out staying sideways. For those staying in the game have fun.

  • @BuildTheWall1989
    @BuildTheWall1989 Před 15 dny +4

    This will be revised down next month

  • @daltonvanhorn5167
    @daltonvanhorn5167 Před 15 dny

    gas was $ 2.72 in my hood today

  • @neelkrishna
    @neelkrishna Před 15 dny +12

    Biden's economy baby

    • @user-ys9sw2gy5g
      @user-ys9sw2gy5g Před 15 dny +2

      Hahahaha is lie about numbers last week should’ve told you everything. When they lied about the 818,000 jobs. Wake up, Chubbs.

    • @user-ys9sw2gy5g
      @user-ys9sw2gy5g Před 15 dny +3

      If you believe those numbers, you’re about a smart is a box of door knobs

    • @user-ys9sw2gy5g
      @user-ys9sw2gy5g Před 15 dny +3

      Also, you heard one economic point. You might want to take a look at everything else. You just made yourself look foolish.

  • @abgzulkifli
    @abgzulkifli Před 15 dny

    Really

  • @strangeidea42
    @strangeidea42 Před 15 dny +1

    Weird. Jobless claims and unemployment increasing this year, but economy growing fast.

    • @yyan6501
      @yyan6501 Před 15 dny

      And you know what else is weird? The abnormal heatwaves and the amount of severe weather this summer that prevented economic activities and drove up energy prices. But apparently "climate change is a hoax".

  • @KristinaMayer-v7w
    @KristinaMayer-v7w Před 10 dny

    Clark Kevin Rodriguez John Lewis Christopher

  • @DarwinLouis-f3x
    @DarwinLouis-f3x Před 9 dny

    Anderson Jeffrey Hernandez Sandra Williams Robert

  • @MarshallBurton-q9i
    @MarshallBurton-q9i Před 10 dny

    Martinez Mark Wilson Steven Moore Cynthia

  • @EdmundQuinn-y7n
    @EdmundQuinn-y7n Před 10 dny

    Lyric Views

  • @illegalsmirf
    @illegalsmirf Před 15 dny +1

    Rick Santelli is way too smelly.

  • @jimhockaday2702
    @jimhockaday2702 Před 15 dny

    HE LOOKS NERVOUS...NO SMILE

  • @Agha-5
    @Agha-5 Před 15 dny +1

    🫡Looking solid rick long way since the 80s till present, Hellö to Aron