Page 13 - Ask Alan News Today : Breaking News, Live Updates & Top Stories | Vimarsana

James gorman at Morgan Stanley said it was going to be about leadership tonight. Not so much what is the fed going to do at the meeting . What can we learn from these fed chairman about their policies and how they shaped u. S. Economic policy, but their thinking and how they built and consensus with other members of the fed . Chris that will be interesting. Volcker ran into some issues with the committee at one time where some of the people were voting against him. It is extraordinarily difficult. I remember what yellen said. I asked her one time, these people are saying this about policy and ...

In the early trade in the european markets right now, youll see that at least at this point, there are some red arrows there as well. Looks like the dax in germany is down by 0. 4 . Right here in the United States, it looks like the dow futures are now 71 points below fair value. S p futures off by 12. Among this mornings other top story, were watching the price of oil. Crude oil under pressure again today. This follows yesterdays drop of nearly 3. 5 . That drop came after opec said Global Demand for crude would be less than previously thought this year. In Corporate News, jpmorgan reportedly ...

The nikkei was down by almost 600 points. Thats a decline of 3. 5 . Among some of the things that were cited was a weak Business Sentiment result from a survey from the bank of japan. Traders also citing weak earnings expectations in the United States. Again, 3. 5 decline. Its not our fault. Its japan. I think thats a little separate from what we see here. Call someone, what do you think . They just come up with that. They didnt hear it from a single trader, im sure. Oh, how about this . Well, you saw whats happening in europe. Theres a selloff under way there too. Some of the indices down by ...

But first, i want to take a cue from adam mckay who was the former lead writer for saturday night live, and he once said theres nothing that people love more than a Federal Reserve joke. [laughter] so i will tell you a joke. And it is a joke by a Federal Reserve chair, yam martin, who served from 1951970 under five president s. Yo i may have heard this before you may have heard this before, i be i i this but i think its worth stating. The job of the Federal Reserve, he famously said s to take away the punch bowl just before the party gets going. [laughter] so tonight were going to be learn the...

I would say the general mood is not optimistic for major legislation. Will republicans be able to hold firm in the senate on the confirmation process . It sure seems like the Senate Republicans are not planning on changing their tune anytime soon. Every time that the white house goes out of its way to pretend that there is some sort of changing of the tide you immediately hear from senator mcconnell and judiciary chairman Chuck Grassley saying exactly the opposite. It doesnt look like anything is going to move on that until after the election. Thanks for being on newsmakers this week. [caption...