Gained 160 points, but the nasdaq dipped 3. 4 we still care about the federal reserve. They know nothing just kidding. Or the president s speech tonight at the Republican National convention. But the core question is very simple, do you think we can beat covid19 sometime soon or are you expecting it to plague us into next year that can be difficult to see today, we were obsessed with fed chief jay powells big speech at jackson hole we parsed every word, and it wasnt worth parsing he was a prisoner of the flimsy orthodoxy, but these days he doesnt want to be the reason the economy falls apart. Hes saying forget the foolish ways of the past 40 years of fed chiefs his goal is to help the economy, period, until the pandemic lifts. Its joyful. Hes really smart and good guy thats a stock market like a supermarket. There are some aisles we want to go to when the virus is raging, and theres others we want to go to when its on the ropes. We dont know when well beat this thing ive been telling y
Street stocks set to open at new records once again the stock market just hit another all time in history high, meaning 401 k s and jobs everybodys getting rich and im working my off. Shares of deere sliding, ahead of the open. Issuing a profit warning for fiscal 2020 as trade tensions persist. The toys r us come back, after shuttering all the stores, the new Companies First toy store set to open in new jersey this morning as stocks look to set some new records on optimism about trade, Economic Data today is also in the mix. 3q revised up. Business investment up 1. 2 proxy for investment, that was not a good number last month making up for it now. In tune with what the market has been trying to say, which is that we had this soft patch, were pulling out of it, i think there is a real willingness by the market by investors to look through any near term kind of softness in the incoming numbers because they feel as if we kind of escaped the greatest risk i think these numbers would confir
Guarding a region wants to reduce its dependence on travel savvy brits in the brits. Are welcome to the program. U. S. Lawmakers have urged facebook to halt its cryptocurrency plans they want time to investigate the risks libera poses to the Global Financial system it comes as regulators in europe call for closer scrutiny senior official of britains financial watchdog says the issues raised require deep thought and detail. Introducing lead for a new global currency designed for the Digital World facebook has promised finance for the future with its new crypto currency and im saying its arrival. Would empower billions of people even those without Bank Accounts will be able to send money around the world with these whats more Facebook Says libra will be whats called a stable coin meaning it will have none of the volatility associated with bitcoin and other quick 2 currencies it says it will ensure that by linking its value to other a stop list global monetary systems. Major corporate pla
Regulators in europe call for closer scrutiny a senior official of britains financial watchdog says the issues raised require deep thought and detail. Introducing leaper a new global currency designed for the Digital World facebook has promised finance for the future with its new crypto currency and im saying its arrival Mark Zuckerberg said libra would empower billions of people even those without Bank Accounts will be able to send money around the world with these whats more Facebook Says libra will be whats called a stable coin meaning it will have none of the volatility associated with bitcoin and other quick talk currencies it says it will ensure that by linking its value to other established global monetary systems. Major corporate players are already backing libra even if some of the worlds financial leaders are not. The bank of england approaches libor with an open mind but not an open door. And now a group of u. S. Lawmakers has written to facebook asking them to put their cry
Industry standard now a Pulitzer Prize winner dominic gates covers the Aerospace Industry for the Seattle Times. Hes had this beat since 2003. Theyre here tonight to discuss peters book flying blind, the 737 max tragedy in the fall of boeing. Please join me in welcoming dominic gates and peter robinson. Okay. Well, first of all, thank you all for coming. Im dominic gates. This is peter robison. And before i start throwing questions adam, let me just say a a few things about the book. And id like to begin by since the subtitle of the book is includes the fall of boeing. Id like to begin by recalling the great legacy of boeing. And what it means to this region and to the world. Boeing give the puget puget sound region a great part of its social fabric all those bluecollar jobs, very highly paid. Engineering work that was world class. Was all here for a hundred years and generations of families have grown up with boeing and its created the economy of the Pacific Northwest and of course it