Sentiment, thats the word. Have a great weekend. See yall later. Good afternoon, everyone, im charles payne, this is making money. Breaking right now, full of sound and tour fury fury, but what does todays jobs report really signify . The soft landing camp are claiming victory, but the recession camps continue the make solid points. Weve got it covered for you with. Is it finally time to sell those hot tech stocks . If so, whats the next big with play . What if i told you someones saying commodities . And it was a great week for big banks as jay powell rode to the rescue, but will anyone come to the rescue of Community Banks . President biden demanding that the the rich corporations and powerful pay their pair share. My question is, what the heck is fair share . Id love to hear from you. Tweet me cbpayne. Plus, my takeaway on americas economy being the envy of the world. Why would we change it . All that and so much more on making money. Charles all right, so we were told last night th
1970s in many ways, the 1970s is our probably the most contested historical turf right now. As we talked about before, historians their minds, they find new evidence find new arguments and new takes on the decades they study and the 1970s is really no different. I think originally the culture we tend to think of them as of the rebellion light decade in ■;v. Ich would focus disco and focus the conservative backlash. But in fact theyre one of the most important decades for the american working class and in labor history. So today, title t times they are changing apologies to bob dylan is really about how this decade was a oupf fundamental in the workplace in the workforce and in work organizations. It also was a change in the context in which all of those three things operated. So focusing on worker militancy, the diversity of the working class and the emerging service economy. Were going to talk about this decade is usually called the about 1967 or 1968. And through the earlyigdecade,
1970s in many ways, the 1970s is our probably the most contested historical turf right now. As we talked about before, historians their minds, they find new evidence they find new arguments and new takes on the decades they study and the 1970s is really no different. I think originally the culture we tend to think of them as of the rebellion light decade in which would focus disco and focus the conservative backlash. But in fact theyre one of the most important decades for tss and in labor history. So today title the times they are changing apologies to bob dylan is really about how this decade was a of fundamental in the workplace in the workforce and in work organizations. It also was a change in the context in which all of those three things operated. So focusing on worker militancy the diversity of the working class and the emerging service economy. Were going to talk about this decade is usually called the long 1970s, starting about 1967 or 1968. And through the early eighties. We
We will come to order. The tears authorized to had to recess at any time. This is the Federal Reserves that are annual monetary report. Without objection, all members have five days in which to submit extraneous materials for inclusion in the record. I will note at the outset, we have a hard stop at 1 00 p. M. To the observed. I see chairman powell smile. Thats three hours. I will know recognize myself for the opening statement. In june of 2023, the conversation in washingtons concerning inflation shifted significantly. Not because of the lectionary fire has been extinguished. From the most recent data available, food cost is up 21 as President Biden took office. Energy costs are up more than 32 . Shelter costs are of more than 19 and you will pay 37 more for a dozen eggs in america today. As we said in january, people are still paying more for the basics of life and the prices they are paying are still high. And they arent happy about it, as you know, it is our colleagues know. But ac
Markets. Expecting nikki haley in south carolina, Jerome Powell in washington, d. C. We have the s p 500 up about one half of 1 . And the nasdaq 100 also seeing similar gains of stocks. The Philadelphia Semiconductor index on track to erase the losses from yesterday and we have the twoyear yield just dropping down to 453 on the day. Now, were going to bring you the jolt state joined by Michael Mckee to join with us the details. Michael looks like shanoly, it is unchanged. The revised number was 8889. Not a drop there but it was a significant from over 9 million. No change there. Sonali as we wait for Jerome Powell to start his. , what is his expectation out of not just what he will say on the onset what types of questions he may get . Michael hes already given up his text. Its very short and he repeats the idea that theyre high rate and they will cut rates. They hope some time this year. But they have to make sure that inflation is still on its way down. So nothing new in that. The que