The regional fed banks said companies in their district had trouble filling low in retail and construction and also hire skilled jobs in engineering, accounting and information technology. Wage growth remains the big question mark given the fact increase ad an an increase in Hourly Earnings per at which pressures were stronger in new york, st. Louis, minneapolis and san francisco. In the industries where labor is tightest, kansas city and st. The fed beige book is about anecdotal information. It is highly anecdotal, which is why the fed leads us grasping at words such as modest and moderate. Donterical terms come we know what that means. That is the point behind this report. The few gaps here and there, the anecdotes signaled that the domestic economy is gaining strength. Improving. We see that in prices and wages and Economic Growth. It is only the domestic picture it does not say anything about what is happening outside the country. The external risks the fed has highlighted. That is
Unsolicited stakeover bid led by anbang insurance group. Well give you the latest. United airlines ceo back to work today but the activists are not cutting him slack. Whats ahead for munoz and the airline at large. Starwood is up sharply in premarket trading. They received a takeover proposal from chinas anbang insurance. Its worth about 75 a share in cash. The board of starwood says it is not changing its recommendation at this point and supports the companys planned merger with marriott, but they have a waiver from marriott that will allow them to negotiate until thursday. People familiar with the situation indicate the hope is they can hammer out a definitive agreement with anbang insurance, which has chris flowers, former investment banker people may have known. And primivera, not an old Italian Restaurant on the west side, but a large private equity firm in china. Some of these names may be unfamiliar, but the 76 a share all cash offer and that 5. 50 is a significant premium over
And fed chair janet yellen said caution and rising rates is warranted raising rates, i should say and take a look at the riskon moves. Biotech and small caps seeing huge gains on the day so with free money seemingly now forever, what do you do with your portfolio now. Tim, why dont you kick it off. Mere mortals dont mess with Central Banks, thats the message and what janet yellen said not only are we worried about whats going on around the world we might be worried about u. S. Corporate profits, good idea and were worried about that as well and when you get down to it the pressure that comes off the dollar, brian has an interesting chart later hon in the show and things that were sold off on the back of a strong dollar, and i would argue that started back in july of 2014. They are things that can continue to rally, but, im not someone thats saying you should chase into this rally right here. In fact, i think weve had a 14 run off the floor on the s p. Not advocating jumping in and buyi
Unless something crazy happens today, this will prove, though, to be a very good month for most of the stock market. The dow, if youre not paying attention, up more than 7 just this month. It is now 1. 5 up for the year. We are going to take a closer look at some of the quarters surprising winners and losers, see if theres names that you own on either of those lists. Dow component ge in the news today. Ge capital officially filing to have its too big to fail designation removed after shedding a large number of its financial assets. The company does continue to transform. We talked about that yesterday, but well get more on what this may mean for the state and the entire Financial Services industry. And apples new products hitting stores today, but were not seeing any lines of fanboys down the street. The new iphone and ipad not getting a lot of buzz, but maybe, just maybe thats a good thing for apples stock. Were going to dig into that idea as well. Lets get now to this market. I mean,
It is like donald trump has to see in order to firmly clinched the republican nomination. Close is not good enough. You have to have those numbers. So what happens now as the candidates crisscrossed the country on tuesday. We will get to that. First you Connell Mcshane with the stop Trump Movement that seems to be moving on all sides. Reporter coming out from the left in the right, we know about conservatives in the uppers they put together this week to stop donald trump. Weve been reporting on it, but now look from our global groups to be getting the same. We saw what happened in chicago not so long ago, that there is a United Campaign coming together of a number of liberal groups putting plants together to go after trump, leading up to the convention in cleveland this summer and including the convention. The wall street journal wrote about the 22 groups all been part of this. The antitrump demonstration we think about putting together will be in a number of major cities between now a