Podcast: A 1.3% Rally for Madison Square Garden's Stock and Two Other Numbers You Need to Know

Numbers By Barron’s is a two-minute financial podcast with three vital numbers to start your morning. Available on iTunes, Stitcher, and wherever you get your podcasts-as well as on your Amazon Alexa smart speaker

Three numbers to start your day:

Most investors and analysts expect a Fed rate hike tomorrow. Now the big question for markets is how many times the central bank will raise rates in 2019.

Until recently, market prices showed that three or four rate increases were expected next year.

But markets have been volatile, and investors are worrying about global growth, so traders are betting the Fed will pause.

-after chairman James Dolan gave a shareholder-friendly interview to E-S-P-N.

Dolan said he would consider selling the New York Knicks–that’s a basketball team, for those of you who don’t follow sports–if the right offer came along.

That would be $5 billion or more, he said, but no one has made a formal offer just yet.

MSG released a statement late Wednesday saying there are no plans to sell the Knicks.

High-yield bonds, otherwise known as junk bonds, tend to move with the stock market. And the stock market has dropped almost 8% in December.

Usually it’s easy to sell high-yield bonds when U.S. growth is strong.

This shows that investors have gotten more worried about growth outside the U.S., and about the possibility of a recession next year.

Numbers by Barron’s is a new daily podcast. Find out more here.

This episode was hosted by Alexandra Scaggs.

Write to Alexandra Scaggs at alexandra.scaggs@barrons.com

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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