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June 29, 2024
Earlier down about 0. 1 . Not so long ago down 0. 4 percent and perhaps of the continuation of yesterday selloff and loss of uncertainty to deal with and the headline that vicechairman of the Federal Reserve resigning and looking at that on the market in a moment. In terms of the underperforming relative to the nasdaq and it has the higher momentum stop that react more so on a risk offer and today is not really risk off but you would think so. Look at apple down after yesterdays 1 decline. Inves...
June 29, 2024
Our international correspondent, hopefully i have the title right and marty schenker. What is your title, i do not have it . Marty it is too long. The smartest guy. Julie are you surprised we are not seeing much of a Market Reaction . Marty i am not surprised because rates are so low and the markets had priced out a december rate hike at the moment. There is not a lot of plays for them to go. Stanley fischer is the vice chair, not of chair, he is very influential but also seen as a yellen and ja...
June 29, 2024
For our economy over the past several years and persistent increases will only bode well for them. More notes on this puzzle that is facing fed officials over the contradiction between low unemployment and the lack of inflation, they will not get much help from this report, several districts reporting worker shortages on one hand, including atlanta and st. Louis reporting turning down business because they cannot find the necessary workers, but despite all that come a majority of districts repor...
June 29, 2024
Gauge the economic impact. Two key quotes from the boston district. Restaurants from the berkshires, cape cod, the shore, experienced staffing shortages those historically relied on Seasonal Workers needing h2b visas. Labor shortage had negative effect on revenues in the high tourist summer season. Political situation is negative influence on hiring. Health care reform was singled out as a source of instability as job applicants seek employerbased coverage as the top job benefit. The headline he...
June 29, 2024
St. Thomas. The next stop is the u. S. Territory of puerto rico. They are all under state of emergency ahead of its arrival in the coming hours and days. Congressman carlos mandela represents the 26th district. Mass evacuations are underway right now. He is about to have right into the eye of the storm but before he does he was with a slide. He just struck a deal on extending the debt ceiling with democrats imagine that. Working with democrats and it appears to have worked. Can he do the same at...
June 29, 2024
Word moderate, it is not in there. Democratic leader chuck schumer. Nothing moderate about him or nancy pelosi, on a threemonth extension for the debt ceiling and funding for the government. A deal that has congressional conservatives fuming. Well take you there live when the president begins. David all happening right now. But markets first. Getting a bump from the president s announcement that would clear the decks for a tax cut. Quickly to Nicole Petallides from the floor of New York Stock Ex...
June 29, 2024
North dakota where he talked about tax reform and of course about Hurricane Harvey, Hurricane Irma well get to that later on in the show but what was really big news before he left washington president had hammered out a deal. On a temporary height for the debt ceiling and so something that would provide immediate relief funding for the victims of Hurricane Harvey remember this morning, you had everyone saying theres no way they could get this done they could not agree to fund to get the continu...
June 29, 2024
Connell good day in new york on wall street. The dow was up. Even though some in his own party dont like the agreement to raise the debt ceiling exchange for harvey funding. They were buying on the dip we saw yesterday. Right now to another important and developing story. That would be Hurricane Irma. Its sustaining category 5 wind causing widespread damage. Already flooding in the caribbean, the virgin islands. Puerto rico getting hit. It could directly impact the bahamas and maybe cuba as a ma...
June 29, 2024
Republicans dane to take up the work. President announced deal shortly after meeting with leaders from both political parties. We had a very good meeting. We essentially came to a deal. I think the deal will be very good. Very good and cordial professional meeting. We have an inextension that will go out to december 15th. That will include the debt ceiling, it will include the crs and it will include harvey, the amount of money to be determined. Because everyone is in favor obviously taking care...
June 29, 2024
President is wellknown known as someone who is supportive of a border wall and more aggressive taxes on immigration. And we continue looking at the situation in north korea with david sanger, david burns, andicholas lionel barber. There are a lot of things that the u. S. Government could go do. Some of them over to and some of them covert. They all suffer from the same while the war is plan and all of the times they gamedore game war this, you have the u. S. Winning. But you have huge casualties...