Page 7 - Ask Alan News Today

James gorman at Morgan Stanley said it was going to be about leadership tonight. Not so much what is the fed going to do at the meeting . What can we learn from these fed chairman about their policies and how they shaped u. S. Economic policy, but their thinking and how they built and consensus with other members of the fed . Chris that will be interesting. Volcker ran into some issues with the committee at one time where some of the people were voting against him. It is extraordinarily difficul...

In the early trade in the european markets right now, youll see that at least at this point, there are some red arrows there as well. Looks like the dax in germany is down by 0. 4 . Right here in the United States, it looks like the dow futures are now 71 points below fair value. S p futures off by 12. Among this mornings other top story, were watching the price of oil. Crude oil under pressure again today. This follows yesterdays drop of nearly 3. 5 . That drop came after opec said Global Deman...

The nikkei was down by almost 600 points. Thats a decline of 3. 5 . Among some of the things that were cited was a weak Business Sentiment result from a survey from the bank of japan. Traders also citing weak earnings expectations in the United States. Again, 3. 5 decline. Its not our fault. Its japan. I think thats a little separate from what we see here. Call someone, what do you think . They just come up with that. They didnt hear it from a single trader, im sure. Oh, how about this . Well, y...

But first, i want to take a cue from adam mckay who was the former lead writer for saturday night live, and he once said theres nothing that people love more than a Federal Reserve joke. [laughter] so i will tell you a joke. And it is a joke by a Federal Reserve chair, yam martin, who served from 1951970 under five president s. Yo i may have heard this before you may have heard this before, i be i i this but i think its worth stating. The job of the Federal Reserve, he famously said s to take aw...

I would say the general mood is not optimistic for major legislation. Will republicans be able to hold firm in the senate on the confirmation process . It sure seems like the Senate Republicans are not planning on changing their tune anytime soon. Every time that the white house goes out of its way to pretend that there is some sort of changing of the tide you immediately hear from senator mcconnell and judiciary chairman Chuck Grassley saying exactly the opposite. It doesnt look like anything i...

Think december was a mistake. Fareed the dollar has been weakening. Is that a positive trend or a negative one . Ms. Yellen we dont have a goal for the dollar. What we are at is the economy as path forand the likely inflation and employment to achieve our goals. Conditions broadly speaking, the state of financial conditions, impacts our forecast for economic variables. The dollar is one of those. I would call it part of financial conditions along with longerterm Interest Rates, other asset price...

The german dax down nearly 3 today. Futures down sharply following yesterdays fed decision to stay pat on Interest Rates. Most fed policymakers are not ruling out a rate hike by the end of the year, four of them are forecasting an increase in 2016 or later. At yesterdays News Conference chair yellen outlined her case for holding off on a rate hike. Light of the heightened uncertainties abroad, and the slightly softer expected path for inflation, the committee judged it appropriate to wait for mo...

1. Newspaper, alle 2000 London Police officers are authorized to carry a gun on duty. Intelligence agency has warned that islamic terrorist may be planning the attack and a european city. Market news with julie. Julie if you take a look at features this morning, you will see very Little Movement on this last trading day of 2015. That means there is as little suspense. We do not know if we are going to have a gain or loss for the s p 500. If you look at the year to date chart, we are hanging onto...

The jeep brand has its best month ever, with sales up 20 . And the threeday truce in gaza has all a part. Israel says hamas has ended the cease fire. Hamas has accused israel of the same thing. In the u. S. , more details on the market. Futures are lower after that big selloff yesterday. The july jobs report now is out at 8 30. For more on the markets, were joined by our stock editor, mike reagan, and peter. We have Team Coverage on this. Mike, lets start with you. People are saying we were worr...

A few minutes for an interview. Rublessian leader and the as the fed rats at its meetings today. Is it time to say time to say goodbye to opec . If the oil cartel cannot affect price anymore, what is the . On assignment. Is he may be back in a few minutes, but in the meantime, a very special cohost today. Of weisenthal is the editor bloomberg markets, but that is not why hes on. Your hair looks so good. To matt miller, obviously fantastic. But standalone, it still looks good. Its time to start t...