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You might say better late than never. Adam that is exactly what i would say. Better late than never but also powell and Richard Clara for the process. There is a reality going back to well before the Global Financial crisis that the phillips curve has been flat. This is a fancy way of saying you can have deviations in inflation deviations in employment to the upside and you do not get that much inflation for it. Then you combine that with the reality we have seen in japan for a long time and in the u. S. And europe for the last 12 to 15 years that when youre too close to zero on your Interest Rate balance, you cannot react as well as you should to policy and adjust policy. Fomc powell and the they unanimously adopted the statement before he spoke what jay powell and the fomc are saying is they are catching up with realit ....
Weve gone from 18,000 on the dow to well above 24,000. Look at this. The dow is going to be up over 700 points this morning, firmly above 24,000. Thats a gain of over 3 . Weve got a 2. 5 gain on the s p and the nasdaq, 1. 7 . Now, that is a friday morning rally. Boeing sure helps. It is reopening plane production at a plant in Washington State. There are major gains all across the board, especially for big tech. We will have details on that in just a moment. But look at this. The price of oil, sinking. We were all the way down to 18 a barrel at one stage this morning and right now, we are back to 17. 77. Just as plans are being made to help the flat on its back energy industry. Gas prices, look at this, down again. 1. 82 is your nationwide average and its still coming down in wisconsin. Can you believe an average price in that state of 1. 25. I will say it again. 1. 25 in wisconsin. All right. Can you believe this. Speaker pelos ....
President and not their dictator who offers commentator on how its going, note of optimism, he note that they would retaliate if the United States wants to wage a trade war, i dont know, there was a bloomberg report that lee ho, reformer, trade negotiator expressing optimism, as you said, weve been hearing this a lot for what seems many, many months, years, but maria sure has, take the tariffs off the table or we will not buy the 50 billion in ag products. The warning comes with i want to do a phase 1 deal. I think what james alluded to, this is the longest soap opera now since general hospital. [laughter] thats positive, oh, but we have to do this, i actually see the ball having not moved forward at all. I think this is just more negotiations, i hope this gets resolved in 2020, if not, here is the great thing, the markets have seemed to have been inoculated, the markets are doing great in the absence of anything happening. Dagen i ....
Good morning, everybody, big show this morning, joining the conversation capitalist founder jonathan honan is here, benchmark managing partner kevin kelly, great to see everybody. Thank you. Maria breaking news of the morning, Uk Supreme Court delivering blow to Prime MinisterBoris Johnson, Supreme Court ruling suspending parliament was unlawful, thats opening the door to more pushback on his plans to take britain out of the European Union, your reaction, kevin. Yeah, this is fascinating, he was actually going for a Nodeal Brexit by october 31st because the European Union hasnt really been working wit ....
That protest organizers have called off saturdays demonstration. Were on it, guaranteed. Think of the timing here. Protest saturday night, maybe. New tariffs on china set for sunday, maybe. There is a connection between hong kong protests and china trade and our market, which by the way, does not reopen until Tuesday Morning. But look, its dorian that is the center of attention, certainly in florida this weekend. Its likely to make landfall monday and blast the state all the way through tuesday. Already, theres been a run on groceries and gas stations. President trumps canceled his trip to poland to be in america when dorian hits. Theres a nasty note here. A former Prime Minister of canada, kim campbell, tweeted that she hopes the hurricane scores a direct hit on maralago. She doesnt like our president. All right. Stand by. The latest on dorian coming up and well have the la ....