And ill guarantee theyll always be working in that direction. Janet yellen staked out a very different territory. For her main speech in chicago she appeared at a conference of Neighborhood Revitalization organizations and said, quote, although we work through Financial Markets our goal is to help main street and not wall street. More than five years after the financial crisis she spoke mainly about unemployment and told the stories of three that lost their jobs in the recession. It became quickly clear that this was a fed chairman well suited for the time in which we live. However not everyone recognized that or her. Not long after she took office somebody came up to her in the airport and said you look just like janet yellen. The second most powerful person in the world. The most powerful woman in the world after angela merkel. A figure that measured in at 53. As the feds leader she leaves with roughly 4 unemployment. 1. 5 inflation. She successfully raised Interest Rates off and eng
Google surging. Ge shows strong profit in the industrials unit as the Company Continues to shed the assets in finance. Amazon says hater can hate but prime day is here to stay. The company saw a 93 prime increase. The germans say yes to starting the bailout talks. Were waiting for a formal announcement that talks will start on monday to keep greece in the eurozone. First up google up sharply on strong quarterly results. Up 25 in the past week. It beats the street. The Company Called out a Strong Performance in mobile in youtube and program advertising, but its an increasing focus on cost thats getting the attention today. This is ruth porat on the call last night. To be clear, the prioritys Revenue Growth but pursuing it is not inconsistent with expense management. And as i noted were just starting the 2016 budgeting process. In my experience the best way to slow the rate of growth in expenses is to work closely with Business Leaders anchored in data so we can identify ways to prioriti
December if we see a significant deterioration in economic data. We get the new jobless the new job claims tomorrow. And in the payroll will we see a third month . Were up 0. 3 in france. Later today will see how greece will handle it in two days. All eyes on the dollar. We saw the wall street journal coming up. That statement that he thinks there will only wait if there is a significant deterioration. We have seen gold continuing to selloff over the past few days and we do see no one being leeward into it no one being lured into it. Lets have a little look at oil and we are starting to see oil racking up a little bit. An interesting ceo interviewed by anna earlier. We are trading up some several percent over the past couple of days. Everyone is waiting to see where the u. S. Stockpiles go. Will we see them fall as many anticipate . We are seeing fivemonth lows when it comes to the prices to put them in perspective. We have had a number of earnings in the banking front. Member they see
Welcome to the polls. Life from bloomberg headquarters here in london. It is jobs day in the u. S. Forstors will be searching meaning in the numbers ahead of the september Federal Reserve meeting. It may not be super thursday, but the u. S. Has key Economic Data on friday. The next to last jobs report before the Federal Reserves meets in september. The economist we raised we theeyed, predicts with unappointed rate Holding Steady at 5. 3 . As long as job growth and maintenance trend, with an average growth of 200,000, economists inc. The Federal Reserve will raise rates as early as september. Showed calls it a case of me why i shouldnt. One of the reasons the fed shouldnt is because of wage rates. The average will rise 0. 2 . And 0. 3 yearoveryear. Growth and pay is the one missing factor that would help push inflation up to their 2 target rate. Last week there was a negative sign for wages. The employment cost index which measures hourly pay an annual salary rose in the Second Quarter
Comments out of theboe. You can see how the safety trade is not playing out with dollaryen higher and a mild risk off move after the Missile Launch it now back onto the dollar story. Gold going nowhere. Jonathan potential terrorism in the u. K. , several people injured in an explosion on a subway train in london. Police said they were treating it as terrorism on a number of people were injured, suffering facial burns and some were hurt in a stampede, according to the press association. No word of the whereabouts of the perpetrator. Station inen subway london was cordoned off as police investigated and north korea is another manchild launch Missile Launch in japan after the United Nations approved harsher sanctions against the regime while Rex Tillerson says these continued provocations deep in the north korean diplomatic and economic isolation. Joined by our chief agent economics correspondents. Editor forcutive international government. Walk three details as they come through in londo