The board of governors of the Federal Reserve system and doctor christopher, the member of the board of governors in the Federal Reserve system. Welcome and congratulations to each of you for your nominations. I see friends and family in the room today and i welcome them as well. Were fortunate to have these two highly qualified nominees appearing today. These positions are critical to ensuring a safe, sound and vibrant Financial System in the healthy growing economy. The Federal Reserve was created by congress as the nations central bank to promote a stable economy and a safer more flexible Financial System. Among the Federal Reserve responsibility is conducting the nation Monetary Policy with the mandated promoting maximum employment, and moderate longterm Interest Rate. In addition to its Monetary Policy that oversees a significant portion of the sector including large, regional and Community Banks as well as certain nonbanks. It aims to foster a safe and efficient payment and settl
But the s p 500 is about 3000. When we close above 3000, up. 6 , plenty of groups rallying on earnings, Morgan Stanley up 3. 5 , closing out the major banks with an excellent set of results. We have the rails rallying, and we will talk about that later on with fritz. The 10 year yield, 1. 76 . Curious about what is happening in britain, guy. Guy the deal we have in brussels is not a deal we have in belfast, so you can see this on the sterling chart. We got a deal, it was announced, sterling rockets up towards 1. 30 . Isn it is clear that the dup not going to vote for it once again, so the pound comes crashing back down, which at 1. 2838 is up on the week, but it has been a roller coaster ride. The negative pound is helping the ftse 100 out and the ftse 250 is positive on the day, an earnings story, and the dax is up by. 3 . What happened in brussels is certainly the big story of the day. Vonnie Boris Johnson has secured a deal, legal text with the European Union is now published, but h
Selassie. Gretasamberg tells says the future has been stolen by greed and arrogance. It is the monday trading which has concluded in the u. S. Lets get a quick reminder of how stocks ended the session. It was a welcome conclusion to see the stocks pretty much flat after a bit of a slump on friday. You can see the s p 500. 0. 1 , butu call down pretty much flat across the board. 2 gain, six points. Lets get things going. This market was a lot about numbers. U. S. , the services indexed stayed pretty good. It was in europe where germanys manufacturing purchasing inagers index went to 41 september, way below 50, in contraction territory. A lot of economists saying that is a recession signal. Indexro Bloomberg Euro is at its lowest since 2017. If you have been watching that as well, what about helping asian markets as they get underway . Sophie we will be hearing from a lot of policymakers across the region. Ahead of that, futures are looking mixed. Kiwi stocks swung to losses and hinting
I in los angeles hands on like i watch on deck today there are rumblings in the euro zone that the torch has a major quake on the horizon for the european economy kelly for the British American Business Association is on hand to analyze the situation in the e. U. From baghdad to tallinn instability plus lurking in the shadows of us trying to trade war another trade spat has killed over across the sea of japan south korea and japan have ramped up their scoot so now include military ties argy producer brant your board jones has joined the show to sift through the shaky trade relationship but for them cyber crime does not just apply to individuals as several cities across the you want are now being held digitally hostage investigative journalist ben swan logs on today to dig through the digital dilemma how do we make this show so great its a trade secret lets go. On the record evidence indicating more stimulus measures for europe are on the way and leads are global report today as market
We reach midnight there. China is ready to retaliate again in the trade work. What a rehearing . Trump saying today that any deal with china has to be on our terms after china threatened today to retaliate washington coaster. Promising to take necessary Counter Measures of trump follow through on plans to impose a 10 tax on additional 300 billion in chinese imports, this could lead talks in limbo. This morning, chief of staff mark said this morning that they are looking forward to plan talks between the two countries that fall. I think secretary nguyen continues to have open communication with china and we are hopeful there will be additional talks this fall. I think they are pretty consistent in needing to change the past. Spokesperson telling reporters today they hope the u. S. Works through a deal and builds on term agreed to sing, we help the u. S. Can work with china to work out a mutually acceptable solution for the dialogue into consultation with mutual respect. Donna is not jus