That 8 30, Francis Rooney discusses the agreement between israel, the United Arab Emirates and bahrain, and other news of the day. Host good morning. It is wednesday, september 16, 2020. The house meets at 9 00 a. M. We will begin focused on congress and the members voters will get a chance to decide whether to rehire on election day. We want to know if you plan to reelect your house or senate member. If you do, give us a call at 202 7488000 and let us know who your member is and why. If you dont plan to vote to reelect your member of congress, we want to know who and why. That number is 202 7488001. If you are unsure, the land to call is 202 7488002. Textan also send us a 202 7488003 202 7488003 at a text that 202 7488003. Include your name and where you are from. Catch up with us on social media on twitter, facebook. A very good wednesday morning. You can start calling a note to retake the senate. Democrats would need to net four seats on november 3, or three and the presidency to re
From apple yesterday plus, jim, fedex and adobe to kick around from last night. Wow i mean, these were congratulations gentlemen and ladies calls because the numbers were so unbelievably good, much better than people expected. Now, this is rather amazing, carl why . Because there were firms that upgraded and pushed and raised numbers for weeks and yet they were dramatically exceeded, fedex because of e com, 96 of the growth is e com and adobe because its how companies are able to digitize quickly, particularly retailers, in order to be able to take advantage of this this amazing wave, this amazing boom of ecommerce to the home because of the pandemic so how can there be such a structural thematically strong story behind ecommerce and packages and growth and the targets that fdx has pulled forward by years and all the good news today on vaccines and therapeutics well, i think whats really convincing here with fedex is that theyre talking about how theres actually a weak economy in the S
Strada Education Network and its a great honor to be here. I think i have one of the unique opportunities to serve as a political appointee for all the years of president reagan at the department of education and i was very young man at the time but i really was very much a disciple of president reagan and i just love the fact that he was the governor and brought metal of governorship into his role as president and i also had the blessing to be the head of the Transition Team on the way out in 1992 and the Transition Team on the way in in 2000. Before and after president clinton , also a former governor and served and help lead the Transition Team tfor president bush in 2000 fand again, another governor and it was great to see these three education governors really make a difference in their National Leadership as president s of the United States and so really in that vein its an honor to be here today with Governor Hogan and to help facilitate this first conversation with the state of
Dollar lower and bonds higher. That is pushing yields down. All of this before the fomc announcement at 2 00 p. M. Fed policymakers are expected to reinforce the policy shift they rearticulated last month. And athan longer rates target of inflation slightly above 2 in perseus in pursuit of broader employment. Any news out of the meeting will be nuanced in communicating how they plan to implement the strategy. Will they spout conditions that will justify continued lower rates . Will they quantify quantitative easing . The original rationale for buying assets was to bring the market back to smooth functioning. Now it is probably to support the recovery. Is not clearit that matters because people want to know the fed has their back. Id i had fought the fed id thought the fed kind of said that last time, we have your back. What more could they say this way . The rumor there will be further enforcement of monetary policy, or is it the fact . Nerds will be looking for specific parameters on
Why not, with the latest. Reporter why not. You heard it there, zero Interest Rates basically until through 2023. The Federal Reserve in their Committee Statement saying that they will maintain the accommodative stance until monetary policy, until their goals are achieved in the monetary policy. The Federal Reserve aims to have inflation moderately above 2 . To reach the two target a period of time. This is what chairman jay powell said what is moderate and for how long. Listen. We want to achieve inflation that averages 2 over time and if we do that, Inflation Expectations will be right at 2 and that will help us achieve 2 inflation over time and avoid the situation where the central bank loses its ability to support the economy. Reporter he would not define what moderate was, for how long. Powell fiercely defended Forward Guidance on rates being zero. The fed also made their economic projections, they revised it up. Unemployment rate 7. 6 . 9. 6 in june they thought. End of this year