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On today’s episode of the Zacks Friday Finish Line, Content Writer Ryan McQueeney and Editor Maddy Johnson take on this week’s biggest stories: the Fed’s latest interest rate hike and what it will mean for the markets.
Make sure to subscribe and leave the show a rating on iTunes!
First, the hosts discussed Intel’s (INTC - Free Report) massive $15.3 billion acquisition of Mobileye (MBLY - Free Report) . Intel plans on bringing the Israeli firm into its existing self-driving car unit, and it’s clear that the merger is intended to create a powerhouse in the growing autonomous vehicle industry.
Next up, Ryan and Maddy dove into President Trump’s first budget plan. The president’s “America First” proposal calls for massive cuts to the budgets of several government agencies, including the State Department and the EPA, but it also increases defense and homeland security spending.
The budget also allocates money for Trump’s promised border wall, including several billion dollars over the next few years going towards pilot projects to study the most effective method of construction. Interestingly enough, however, the budget plan also cuts programs to help impoverished communities in Trump strongholds like the Mississippi Delta and Appalachia regions.
Finally, the hosts covered the Federal Reserve’s decision to hike its benchmark interest rate for the first time this year. The hike is a clear declaration of the central bank’s confidence in the American economy, and it will set the stakes for another pair of hikes this year.
Maddy and Ryan were then joined by Patricia Larkin, the Chief Investment Officer at BNY Mellon Cash Investment Strategies. Patricia is an expert on money market funds, a short-term strategy that is sure to be affected by the hike cycle. She helped explain what the relationship between these funds and the interest rate is, ultimately concluding with a short-term outlook for the money markets given the Fed’s hike schedule.
Find out more about Patricia and BNY Mellon Cash Investment Strategies at their site.
As a reminder, if you feel that we missed something, or if you want us to cover a different story, shoot us an email at podcast@zacks.com. Make sure to check out all of our other audio content at zacks.com/podcast, and remember to subscribe and leave us a rating on iTunes.
As always, thanks for listening to this special edition of the Zacks Friday Finish Line, and check back for even more news from the investment and financial world!
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>
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Intel Buys Mobileye, Trump's Budget, and the Impact of the Fed Rate Hike
On today’s episode of the Zacks Friday Finish Line, Content Writer Ryan McQueeney and Editor Maddy Johnson take on this week’s biggest stories: the Fed’s latest interest rate hike and what it will mean for the markets.
Make sure to subscribe and leave the show a rating on iTunes!
First, the hosts discussed Intel’s (INTC - Free Report) massive $15.3 billion acquisition of Mobileye (MBLY - Free Report) . Intel plans on bringing the Israeli firm into its existing self-driving car unit, and it’s clear that the merger is intended to create a powerhouse in the growing autonomous vehicle industry.
Read more here: Intel Buys Mobileye: Are More Driverless Car Deals in the Future?
Next up, Ryan and Maddy dove into President Trump’s first budget plan. The president’s “America First” proposal calls for massive cuts to the budgets of several government agencies, including the State Department and the EPA, but it also increases defense and homeland security spending.
The budget also allocates money for Trump’s promised border wall, including several billion dollars over the next few years going towards pilot projects to study the most effective method of construction. Interestingly enough, however, the budget plan also cuts programs to help impoverished communities in Trump strongholds like the Mississippi Delta and Appalachia regions.
Get the full scoop here: 4 Key Takeaways from Trump's 'America First' Budget Blueprint
Finally, the hosts covered the Federal Reserve’s decision to hike its benchmark interest rate for the first time this year. The hike is a clear declaration of the central bank’s confidence in the American economy, and it will set the stakes for another pair of hikes this year.
Maddy and Ryan were then joined by Patricia Larkin, the Chief Investment Officer at BNY Mellon Cash Investment Strategies. Patricia is an expert on money market funds, a short-term strategy that is sure to be affected by the hike cycle. She helped explain what the relationship between these funds and the interest rate is, ultimately concluding with a short-term outlook for the money markets given the Fed’s hike schedule.
Find out more about Patricia and BNY Mellon Cash Investment Strategies at their site.
As a reminder, if you feel that we missed something, or if you want us to cover a different story, shoot us an email at podcast@zacks.com. Make sure to check out all of our other audio content at zacks.com/podcast, and remember to subscribe and leave us a rating on iTunes.
As always, thanks for listening to this special edition of the Zacks Friday Finish Line, and check back for even more news from the investment and financial world!
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>