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June 25, 2024
South korea were closed for whats the mid autumn festival there. And the european equities, things are up. Cac is flat and if ftse is up by 0. 2 . This morning crude is up by 24 cents still trading at 24. 81. Lets get you caught up on the busiest day of the week. The bank of engallant is going to be announcing its latest policy decision. Expects to leave rate. Jobless claims are out at 8 30 time. The Producer Price index and september philly fed index and at 9 15 look for august Industrial Produ...
June 25, 2024
Combat the next recession . Well, this is something that researchers are looking at and are talking about. And for the reasons you gave, i think it is an appropriate subject for research and for consideration if we remain on a low Interest Rate environment for a very long period of time. Its not something the fomc is actively considering. Not at this time. Are you open to it . At the moment i think its not a priority for us to consider that right now, but i would not i would not say never, that ...
June 25, 2024
Little bit of leadership. Getting this committee together, leading it. You have not heard from the fed chair for a number of months. Aboutif she doesnt talk a rate hike, where does she stand in the committee versus her peers . Before yellen, we hear from a slew of fed president s throughout the program. Robert kaplan, and Janice Lockhart joining us from jackson hole today. A big show as we can you down to yellens speech. Calm in the markets. Jonathan very much so. Markets go nowhere. That is the...
June 25, 2024
Exactly who that is, his former roommate, and he says he is looking for that woman because he claims that she took off with some very valuable pieces that long to him. You better stop. Reporter last week, tempe Police Released this video, hoping someone could identify this woman who was wanted for questioning in a hitandrun with a stolen car. Youre 100 percent sure thats her . Im absolutely sure. Reporter but one valley man her former roommate. Was that the former roommate . Yes, rene. Reporter ...
June 25, 2024
Wright at the live desk. Were getting a closer look at damage after tornadoes touched down in indiana. This is the central part of the state. Several studies touching down. Eight funnel clouds spotted. You can see from the damage it was pretty bad. Tore off roofs to apartment buildings and homes there. Air conditioners were hearing, indiana universitys kokomo campus closed because of a loss of power. Governor pence will be surveying the damage today. The city of kokomo in particular bad damage t...
June 25, 2024
Banks are get out of certain communities and countries and they are also denying services to millions of lower income americans, not because the risk is too high, but simply because the profit margin are not considered high enough. There have been serious consequences on vital Correspondent Bank relationships that are critical to bier flows also. Another Major Property in several communities here, including in a district like mine, is that banks are closing branches. In fact economists from the ...
June 25, 2024
Latmine road. It is already flooded. There were houses down the street and it is closed. But the officials tell me that it does close at about 14 to 14. 5 feet every time it floods, and this is what brenda leonard, the jones county Emergency Management coordinator, told me about the people that live on that street. Residents down there have it down to a pat. They are used to it boats to get in and out. Just kind of a way of life for them. Reporter there is really nothing to worry about at this t...
June 25, 2024
The committee will come to order. Without objection, the chair is authorized to declare a recess in the committee at any time. This hearing is entitled semiannual testimony on the Federal Reserve supervision and regulation of Financial System. I now recognize myself for three minutes to give an opening statement. As we all know the dodd frank act vastly increased the powers of the fed way beyond has traditional Monetary Policy responsibilities. The act has made the fed omnipotent but cannot make...
June 25, 2024
Accountable. This hearing is about three hours. [ room noise ]. The committee will come to order. Without objection, the chair is authorized to declare a recess in the committee at any time. This hearing is entitled semiannual testimony on the Federal Reserve supervision and regulation of Financial System. I now recognize myself for three minutes to give an opening statement. As we all know the dodd frank act vastly increased the powers of the fed way beyond has traditional Monetary Policy respo...
June 25, 2024
Proxy for the selection. It was the unexpected proxy. The peso has been gaining ground in the wake of the debate last night and some market for tip of the are judging a Hillary Clinton one. That is fueling to some degree of relief rally in u. S. Stocks. We see some cyclical groups leading the rally today. Most notably, discretionary stocks. They are doing particularly well. If you look at the s p index, its up. Thats one of the best performing groups we are watching. That has to do with Consumer...