Jay Powells News Today

Bigfs, Mark Zuckerberg and dabbing jurorsy faced over scrutiny over censorships. The very latest coming up. Has dabbing is up 40 and s p higher by 8 and 3 quarters. Retail once again in focus this morning with lowes, target and tjmaxx reporting. Its a tough day. The s p down 17. Carlos goshns legal battle, i spoke with one man who helped the former nissan chairman escape from jail as he faces 90 milliondollar civil suit in japan. You will hear from him himself, carlos goshn will join me next hou...

Via the coronavirus, and there is not much of the fed chair can say. Coronavirus is making all the decisions on the economy. Weakersales coming in than expected, actually the weakest since april. The High Frequency we have seen since then suggest the economy is slowing even further into november. The problem of course is there is no help from the fiscal side in washington, no talks about any additional covert relief package. Getting to the end of the year, most of the cares act expires. So peopl...

Nearly 2,000 americans died of the deadly disease yesterday, the highest death toll since early may. As daily infections now top 100,000 for nine straight days. In fact, yesterday, 143,000 plus. Businesses are faltering so we are going to take you live to chicago, the city that may be the epicenter of the next major lockdown. Meanwhile, reliance on the cloud more important to business than ever before. And we talk to a ceo about how it clears the workfromhome runway of any debris for the biggest...

40 billion in mortgagebacked securities. They say the path of the economy will be connected to the path of the virus in the statement. One interesting note at the end. Mary dailey, head of San Francisco reserve president mad to cast her vote as alternate. Minneapolis president Neal Kashkari is on paternity leave. He was into the at the meeting. The birth of their second child happened this week. We think, we believe this is the first time a Voting Member missed a vote because of paternity leave....

The swing state of pennsylvania. How will voters react one week from the election . Its the final sprint to november 3, joe biden will leave his house to attend to events in georgia and when questioned about his relaxed schedule, he said every day is a 12 hour day. The president keeps up eight torrid pace heading to three states today pulling in huge crowds with tens of thousands attending the three events in pennsylvania yesterday and by the way, 62 million have already voted, 20 million in per...

Well, my view is that were coming into this election and were expecting uncertainty. Youre seeing Institutional Investors hedge against a longer period of volatility following this election. Theres clearly an expectation that perhaps tomorrow night we will not have a decision on who is going to be the president of the United States. With that being said, i think, you know, if you look at positioning into the next six to eight weeks, i think its going to be consistent with what were expecting for...

Open. We are seeing curve flattening in the bond market, although btps moving earlier on out of coming from the ecb suggesting that stimulus may not be forthcoming in the near future. The cable rate also tracking lower as well, 1. 2911. Still north of 1. 29, but yesterday we were north of 1. 30. We are down by 0. 8 . Alix lets get back to the virus resurgence in europe. Italy reporting over 8800 new cases yesterday. Leaders from the u. K. , germany and france all weighing in. For londoners and t...

65. 00 was the expected number. Remember that we have seen something of a bounceback, but not a complete bounceback in this data. In terms of how we think about this, are there more jobs becoming available . What type of jobs are becoming available for the mid people being laid off right now . How easy is it to recycle this labor market . Alix not to mention, how easy is it to quit your job and get a new one . At story, President Trump the white house after three days of covid19 treatment at wal...

Particular group of industries and people that are directly exposed to the pandemic. Who come ofople their old jobs may struggle to come back them because people will take their time in going back to certain activities that involve a lot of direct contact with other people. I think the right thing to do and the smart thing to do for the long run is to continue to support those people as they return to their old jobs or find new jobs in different sectors of the economy. Great. When you spoke to u...

Further. We are joined this hour by finance minister. The other big story today, lawmakers in washington take aim at the power of big tech. Saystitrust investigation they are abusing their dominant status. Australia coming online. Lets turn to Sophie Kamaruddin in hong kong with a checkup on markets. A two day rise, we are seeing pressure come through for the benchmark while the aussie dollar is testing that 71 popl after forming a double early this october. We are seeing action in the bond spac...