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The Zacks Friday Finish Line Highlights: Intel Buys Mobileye, Trump's Budget, Fed Rate Hike
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For Immediate Release
Chicago, IL—March 17, 2017—Zacks Friday Finish Line is a podcast hosted weekly by Zacks Editor Maddy Johnson and Content Writer Ryan McQueeney that takes on the week’s biggest news from the financial and investment world.
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.
Intel Buys Mobileye
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.
Trump’s Budget
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.
Fed Rate Hike
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.
As always, thanks for checking out this week’s episode of the Zacks Friday Finish Line, and make sure to check back next week for even more news from the investment and financial world!
Want More Zacks Friday Finish Line?
Check back every Friday for a new episode that looks at each week’s biggest financial and investment news. You can follow the Zacks Friday Finish Line Podcast on iTunes, Soundcloud, and ZacksInvestmentNews on YouTube.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Friday Finish Line Highlights: Intel Buys Mobileye, Trump's Budget, Fed Rate Hike
For Immediate Release
Chicago, IL—March 17, 2017—Zacks Friday Finish Line is a podcast hosted weekly by Zacks Editor Maddy Johnson and Content Writer Ryan McQueeney that takes on the week’s biggest news from the financial and investment world.
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.
Intel Buys Mobileye
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.
Trump’s Budget
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.
Fed Rate Hike
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.
As always, thanks for checking out this week’s episode of the Zacks Friday Finish Line, and make sure to check back next week for even more news from the investment and financial world!
Want More Zacks Friday Finish Line?
Check back every Friday for a new episode that looks at each week’s biggest financial and investment news. You can follow the Zacks Friday Finish Line Podcast on iTunes, Soundcloud, and ZacksInvestmentNews on YouTube.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.