$PNC podcast mentions
The Fed will raise rates, but it won't knock the economy off its movement. And I think that's important as we do look for the Fed to raise interest rates tomorrow. Not, not a certainty, but the market is pricing it in. And the question is, can the Can the economy handle it? So Moynihan says yes. Citigroup CFO says spending is in, in good trends, not only obviously picked up from the oil inflation pickup and gas prices, but even you see, you look at travel, you look at discretionary, is relatively broad-based. And so we continue to see that constructively. Credit is stable. Delinquencies, losses, leading indicators, they're down year on year. The Wells Fargo CFO, we see spend up across the debit and credit card, you know, products every week. Year on year, we're not seeing changes in delinquency that would sort of lead you to believe there's like, you know, more credit issues coming. And then finally, PNC CFO, we're a little bit surprised the world— how the world is, how strong the economy is.
Sarah Eisen · Squawk on the Street · 10AM Hour: Treasury Sec. Bessent Testifies, Thermo Fisher CEO, Morgan Stanley’s M&A Outlook 9/15/26 · 2026-09-15Jeffries tells ABC despite Trump's promise, Americans shouldn't expect a $5,000 dividends check after elections either. All eyes will be on the Federal Reserve this week as it considers whether to raise interest rates at its policy meeting on Wednesday. Amanda Agati is chief investment officer at PNC, and she says policymakers will be considering outside forces, including the war in Iran and higher oil prices.
Monica Ricks · Bloomberg News Now · AI Execs Call for Growth Curbs, Trump on Russian Diesel Strikes, More · 2026-09-13PNC's Amanda Agati on Bloomberg this weekend. Odds of a rate increase have spiked near 90%. Tesla teased an October 1st event to showcase its next-generation Roadster vehicle. It's been pushed back several times, but the company says it's finally go for launch, which is also fueling speculation about a potential merger between Tesla and SpaceX. Celine Dion made a big comeback in Paris last night, where tens of Thousands of fans flocked to watch the first of 16 shows. The 58-year-old took a 4-year break after getting diagnosed with stiff person syndrome. It's a rare neurological disease that can affect muscle movement and cause painful spasms. Elena Rybakina claimed her first U.S. Open title as the number 1 player in the world, defeating reigning champ and former top-ranked star Aryna Sabalenka yesterday. It was their 3rd time playing each other in a Grand Slam final. Later today though, it's the men's turn with Alexander Zverev set to take on Ben Shelton. And Shelton could make history as the first American to win a Grand Slam title in 23 years since Andy Roddick's triumph at the U.S. Open in 2003. Shelton could also become the first Black man to win in New York since Arthur Ashe in 1968. And the U.S. now just one game away from winning the FIBA Women's Basketball World Cup after beating Spain yesterday, 76 to 66. The Americans play France today, and if they win, it'd be their 5th straight title. And that's news when you want it with Bloomberg News Now. I'm Monica Ricks, and this is Bloomberg.
Monica Ricks · Bloomberg News Now · AI Execs Call for Growth Curbs, Trump on Russian Diesel Strikes, More · 2026-09-13SNAP funding could face a major shakeup at the end of the month unless Congress passes a resolution to delay major changes to the GOP's big, beautiful bill. Starting October 1st, states will have to pick up 75% of the cost of running the program, shifting the burden of providing benefits from the federal level. All eyes will be on the Federal Reserve this week as it considers whether to raise interest rates at its policy meeting on Wednesday. Amanda Agati is chief investment officer at PNC, and she says policymakers will be considering outside forces, including the war in Iran and higher oil prices.
Monica Ricks · Bloomberg News Now · AI Leaders Call for Slowing Development, OpenAI Delays IPO, More · 2026-09-13PNC's Amanda Agati on Bloomberg this weekend. Odds of a rate increase have spiked near 90%. Meantime, the cost of diesel's hitting new highs with the national average now at $6.20 a gallon according to AAA. And GasBuddy's Patrick Dahan tells us it could get even more expensive.
Monica Ricks · Bloomberg News Now · AI Leaders Call for Slowing Development, OpenAI Delays IPO, More · 2026-09-13SNAP funding could face a major shakeup at the end of the month unless Congress passes a resolution to delay major changes to the GOP's big, beautiful bill. Starting October 1st, states will have to pick up 75% of the cost of running the program, shifting the burden of providing benefits from the federal level. All eyes will be on the Federal Reserve this week as it considers whether to raise interest rates at its policy meeting on Wednesday. Amanda Agati is chief investment officer at PNC, and she says policymakers will be considering outside forces, including the war in Iran and higher oil prices.
Monica Ricks · Bloomberg News Now · AI Leaders Call for Slowing Development, OpenAI Delays IPO, More · 2026-09-13PNC's Amanda Agati on Bloomberg this weekend. Odds of a rate increase have spiked near 90%. Meantime, the cost of diesel is hitting new highs, with the national average now at $6.20 a gallon, according to AAA. And GasBuddy's Patrick Dahan tells us it could get even more expensive.
Monica Ricks · Bloomberg News Now · AI Leaders Call for Slowing Development, OpenAI Delays IPO, More · 2026-09-13The Federal Reserve is still considering whether to raise interest rates ahead of its next policy meeting next week, with the odds of a rate increase now spiking near 90% after Friday's hot CPI print. Amanda Agati is chief investment officer at PNC.
Monica Ricks · Bloomberg News Now · Trump Sees Canada Deal ‘Fairly Soon,’ Anthropic AI Warning, More · 2026-09-12PNC's Amanda Agon The Fed chair, Jerome Powell, spoke to everybody on Bloomberg this weekend. Underlying inflation rose more than expected in August, with core CPI increasing about a third of a percent from a month earlier. Gas prices are also soaring, and Veterans Commodities strategist Jeff Currie says they could hit $5 a gallon before midterms.
Monica Ricks · Bloomberg News Now · Trump Sees Canada Deal ‘Fairly Soon,’ Anthropic AI Warning, More · 2026-09-12