For its purposes and rely on supervisory and regulatory tools, you know, to keep the Financial System resilient so youre not doing something today to help today and then its going to cause problems down the road . Youre not worry about that kind of dynamic theres very few things i dont worry about at all of course we monitor we have every quarter an extensive briefs on financial stable we have that yesterday we look at this on an ongoing basis. We have a great team we liase around the world. Were very much monitoring these things all the time, and we worry about them all the time. Were looking for the thing that we may have missed a lot of the time the things we havent missed, they paint a mixed picture, but not one to prevent us from taking Monetary Policy actions that we think are appropriate to support the economy. Reporter youve talked in this press conference about being data dependent Going Forward and this is not the start of a series of rate cuts, but the Financial Markets seem
And trade talks go back on hold until september. No progress in shanghai, but washington says the brief meeting was constructive. Break downr, we will qualcomm earnings and the challenges it is facing with bloomberg intelligence. First, lets get you started marketsheck of how closed this wednesday session. It was a down day across the board. Every sector in the red. We had that 25 basis point cut from the Federal Reserve, but it was taken more as a hawkish cut with chair powells comments. We saw significant pressure there. We have seen a roller coaster ride throughout the session. The s p 500 did rebound a little bit when fed chair powell did not completely rule out further cuts. The nasdaq was down more than 1 and we continue to seek u. S. Futures under pressure. 10year yields were pressured for a fourth consecutive session, although twoyear yields jumped. Not really yielding significant progress causal not really yielding significant progress, also dampening market sentiment. Sophie
The major averages might be down with an 1 of the stocks of down more than 3 . A combination of the earnings and fed. We said yesterday it seems that the stock is ahead of itself. The apple quarter was good but not amazing. Take a look at the fed area the stoxx will only clip. These are the more momentum they reacted to the comments from jay powell to a greater degree than the major averages at the lows down more than 4 . The worst day in more than two toths areas the stocks tend lead. Going back to march of last year before the volatility. The last alltime high prior to this year. The stocks and the s p are highly correlated but the s p went on to make alltime highs at the stock went lower. Due to be something volatility ahead for the s p 500. Resultst to look at the of the mixed messages from jay powell. They initially crept up then went up quite considerably when jay powell talked about how this was a midcycle rate cut. And it came back down when he said that doesnt just mean one. W
Lawmakers somewhat presumptuous. And, deep fakes. From trump to pelosi to obama to zuckerberg, no one seems to be safe from videos that are so good that you cant tell they are fake. We speak to one company who says they can. Heads of Companies Back in washington on monday. Trumps top Economic Advisor in secretary called a meeting to talk about the trade war with china. One topic stuck out, the fight with huawei and whether the ban should stand. Representatives from microsoft, intel, qualcomm, and more. What is the latest we know about this meeting . Who was there . What was discussed . The meeting was called basically to hear a view from a business perspective. We do hear a lot about the huawei fight from the hawks and the administration and on capitol hill who obviously are in favor of a total decoupling of supply chains. This is a chance for them to make their case of wife huawei should of why huawei should continue selling. The invitation list was pretty broad in terms of companies
Higher, despite regulatory pushback. Should investors be worried or jump in with both feet . After two fairly uneventful president ial debates, is twitter out with a new label that flags tweets to break the rules question mark the move may make President Trump walk a fine line. In light of the growing u. S. China trade war, Many Companies are considering shifting production out of china. Apple has other ideas. Bloomberg learned the tech giant will manufacture its new macbook pro computer in china, moving production of what has been its only major device assembled in the United States. The company will use quantum computer to make this 6,000 desktop, and it is set to be said to be ramping up production in shanghai. Imposedp administration billions of dollars on tariffs in chinese made goods. Joining us to discuss, we have a Creative Strategy analyst. Technologist Research President bob odonnell. Is onember that quanta of the biggest original Device Manufacturers of pcs in the world. Thi