Yesterday the president tweeted that the impeachment effort is holding back the stock market. Do you believe that is true . Yes i do actually. Because i think fundamentally, your network has reported some pretty prominent famous investors, lee cooperman, lloyd blank fine among them, who do not want to see a change in Donald Trumps economic policies. They like the taxcut incentives, they like the rollback of regulations, they like the opening in the Energy Sector and they like the fact that the president is trying to reduce trade barriers and is engaging china in order to protect the American Economy and defend the american workforce, they like those policies and the stock market which is up about 20 , s p, yeartodate, which i would argue is predicting Better Business conditions ahead, the stock market has benefited from these incentive oriented supplyside markets and they dont want to see a change. When you get these votes and so forth. Im not here to talk about the chronology of impea
president. police were chasing o.j. simpson in a white bronco. this time it s the feds chasing something else. not o.j. on the run, but prices out of control. experts call it getting ahead of the inflation curve. investors like what they saw. will you? after all, your borrowing costs just went up and stand to go up more. the hope is that the tough medicine will work and this inflation fever he break. the only question, of course, is when. we ve got you covered regardless. connell mcshane at the nasdaq and why traders are buying. the guy they call the sarge on whether order is returning. ed lawrence with jerome powell and gerri willis says many are rejoicing. welcome. i m neil cavuto. this is a much more expensive your world. for today at least, rejoicing at the prospect that it won t last very long. at least the high prices. we go to connell mcshane with more. connell? investors more than anything like what they heard from the fed chair, jerome powell, after the decision
For a barrage of challenges. I dont think anybody and an Investment Bank for client will say they have it all figured out. Ceos chair insights in exclusive interviews. We are slowly heading back to normalization. When trade stops, work starts. The Auto Industry looks electric. This is a longterm trend. It will get stronger. Straight ahead on bloomberg best. Scarlet hello and welcome, im scarlet fu, your weekly review for weekly Business News and analysis from Bloomberg Television around the world. The week began with attention focused on florida, region still under siege from a powerful storm. Weakened as itma moved past cap, leaving millions of people without power and millions displaced. We are getting a sense about how long it will take for people to get a grasp on the damages. 130, 135, 140 mile per hour winds. They will have to wait to get into aircraft. Helicopters and planes to survey the area before they can come up with culinary estimates preliminary estimates. Damage could re
I think we will have fragmentation and consolidation at the same time. I dont think anybody and an Investment Bank for client will say they have it all figured out. From ibm to alibaba, ceos insights in exclusive interviews. We are slowly heading back to normalization. I believe when trade stops, work starts. The future of the Auto Industry looks electric. This is a longterm trend. Something we see will be a move that will get stronger. It is all straight ahead on bloomberg best. Scarlet hello and welcome, im scarlet fu. This is bloomberg best, your weekly review for weekly Business News and analysis from Bloomberg Television around the world. The week began with attention focused on florida, region still under siege from a powerful storm. Hurricane irma weakened as it moved past tampa, leaving 5. 8 Million People without power and millions displaced. We are getting a sense about how long it will take for Public Officials and people in florida to get a grasp on the damages. Naples got
Looking at the spread, the two tens, you would thought it would be flatter, it is steeper. Up 82 basis points and getting a by. 2 percent, longest losing streak for the index since may of 2016, the dollar regains strength. David yesterday Federal Reserve chair janet yellen spoke out saying although she still thought inflation was on its way, the model the fed has been using may be off. Shortfall and inflation is a mystery. As of february of this year, inflation was running just under 2 . Core inflation and then we have had a string of several months in which inflation was unexpectedly low. Dan turuollo has worked alongside janet yellen. Great to have you here. Daniel thank you, david. It has been clear for some time that there is not a working model that on a meeting to meeting basis can give any sort of the size guidance to the fed as to where inflation is headed. People understand directionally that removal of slack from the labor market and the economy more generally will stop pushi