Jerome Jay News Today

Positive open to close out what has been a volatile week plus, more phones, please apple reportedly increasing production of iphone 11 models by 10 the shares are rallying. Also capitalism as we know it, is it dead or how much wealth is too much surprising thoughts from marc benioff and Mark Zuckerberg today. 136 is a good number the Unemployment Rate down to 3. 5. Retail loses 11 k. Manufacturing loses 2 k. Government up 22 this is a number which says to me that the fed can still cut because th...

That is taking over. It is thursday, it is july 11th. Fbn a. M. Starts right now. Wal walk away, walk away, walk away, walk away. I will follow. I will follow. Cheryl welcome to fbn a. M. Good morning. Im cheryl casone. Lauren good morning. Im lauren simonetti. Let us take a look at how your money is moving this morning. Youre going to like it. The nasdaq will open at a record high today. The s p 500 will recross the historic 3,000 level as investors say a july rate cut looks like a lock. Cheryl...

T 7 00 a. M. Eastern on the washington journal. Meanwhile, they corporations and the wealthy, including provisions that would undermine the tax incentives that the administration relies upon to fund its public, private partnership. In this scenario, the flexibilities of the administration can just become ways to pass the buck for budget cuts to local communities and only low income families. Have seen that time and time again. Programs helping family and seniors i hope that mr. Montgomery and mr...

Navy veterans who took part in the battle, and sunday at 4 00 p. M. Eastern on reel america, the film dreams of equality featuring a recreation of the 1948 womens rights convention. American history tv, all weekend, every weekend. Only on cspan3. The cspan bus is traveling across the country on our 50 capitals tour. We recently stopped in baton rouge, louisiana, asking folks whats the most important issue in their state. The number one issue facing my district continues to be flood recovery. In ...

At any time. Ill now recognize myself for five minutes for my Opening Statement. Good afternoon. Thanks for being here. Its been over 240 years since our forefathers declared independence and a democratic experiment began. Throughout the entirety of our existence our adversaries have sought to suppress our voting process. Voting is one of our fundamental rights. Our existence as a democracy depends on free, fair and accurate elections. Today we are here to talk about the best way to protect the ...

Too hard on the banks. In his confirmation hear, he said that he would, quote, continue to consider appropriate ways to ease regulatory burdens. When i asked him if there was a single financial rule he thought should be stronger, just a single provision in one of the feds dozens of rules where there might be an unintended loophole or where an inknow stative product has innovative product has introduced a new risk into the system, he couldnt name a single one, not one. And my questions for the re...

Hello im Maryam Namazie in london youre watching aljazeera also coming up the british Prime Minister of israel Benjamin Netanyahu one hundredth anniversary of the Balfour Declaration. Donald trump names Jerome Jay Powell as his pick for the next Federal Reserve chairman paving the way for him to become the worlds most powerful central banker. And an increasing number of children a dying of pollution related illnesses in nigeria so ports being done about it. First to spain where the fallout of a ...

Lets get straight not to bloomberg first word news. Chris taylor riggs. Present here is taylor riggs. Taylor President Trump announced he will replace janet yellen as the chair of the Federal Reserve. Picture chose to have this for fed governor powell. But this will ease financial regulation. House republicans will unveil their tax bill today, and a call for Corporate Taxes to go down from 35 to 20 , but only for a decade. Estate tax would be faced out, and the Child Tax Credit would be increase...

Across board. The big one, the fed sees federal funds rate at 4. 4 by end of this year. The fed sees one more rate hike in 2023 and possibly and rate cuts in 2024 and 2025. This year with two meetings left the Federal Reserve is indicating those hikes could be 75, 50 basis point combination of those two to get to the 4. 4 federal funds rate at end of this year. Cuts in 2024 they have to go back, go going back to the 25 basis point moves which the fed chairman does like to do, four rate hikes, ra...

The last two years have been two of the best world series in i mean recent history. The difference is last year you had a great game seven. Last night the astros jumped out in the weekend inning and the pitching held out. 51 was the final. They won the first world series in the history of their franchise. They have been to the world series once before, that man right there, George Springer, crossing the plate right there, most valuable player, hit another home running homered in four consecutive...