Reaction to both pieces of news. Abigail very sharp Market Reaction. Very sharp risk. Off Market Reaction major averages lower at this point. Dowling s p 500 down. 5 . The nasdaq down 1 . At session lows when Michael Flynn said he would plead guilty to lying to the fbi and would cooperate on the russian probe, abc reporting he may testify against President Trump. All the major averages down more than 1 , on pace for their worst day since may. Ofhave seen some moderation that selling action as investors try to figure out what this means going forward. It comes down to the u. S. Profit outlook. Investors assess these headlines are not going to affect profit, we could see the moderation continue. Ultimately it will matter whether or not this could perhaps mean President Trump is impeached over the rails policy in any significant way. We see for the nasdaq 100, the fiveday chart, the big selling action on wednesday. It was for no apparent reason. When you see Market Action of that type, it
Like it has all been worth it. Politics, Paul Wellstone told us, is about the improvement of the lives of people. I know that the work i have been able to do has improved peoples lives. I would do it all over again in a heartbeat. , every time iow would get tired or discouraged or frustrated, i would think about the people i was doing this for and it would get me back up on my feet. I know the same will be true for everyone who decides to pursue a politics that is about improving peoples lives. I hope you know that i will be fighting alongside you every step of the way. With that, mr. President , i yield the floor. Vonnie senator al franken in a speech we anticipated, announcing on twitter that he would make a speech today saying that he will be announcing in the coming weeks that he will be resigning as a member of the United States senate after Sexual Harassment allegations. He started by saying he would use his power to be a champion to be a woman at upset at claims against them. He
The Unemployment Rate is a bit lower, and inflation is essentially unchanged. The strong bills momentum in this significant reduction of economics, gives grounds for greater confidence that inflation will converge towards our inflation aim. I want to see it move up to 2 . Most of my colleagues and i believe it is being held down by transitory factors, but there is work undone there. The apple degree of monetary stimulus, therefore remains necessary for underlying inflation pressures to continue to build up and support headline inflation developments over the mediumterm. Jonathan joining me today from j. P. Morgan Asset Management is bob michele, the global head of fixed income. Lisa coleman, the firms global head of investment great corporate credit. Great to have you with us on the program. It is your turn to grill me. Bob dont you worry about that. Jonathan lets talk about goldilocks growth. We have experienced this for so long. Low inflation and Central Banks staying in the game tha