Stay updated with breaking news from Michael duval. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
economic report, but i don t think it moves markets much. the unemployment rate ticking down, rates beating expectations. the wage number beating expectations. i think the recovery is continuing. until we see a lift back at 2% in terms of that core inflation rate, the fed probably begin quantitative tightening, but won t raise short-term rates this year. the one thing that we are not seeing that was commented on is wage inflation. why are we not seeing wage inflation despite the fact that the economy is strong? we obviously would love to see wage inflation in the system. wage inflation means we are putting more income into consumers pockets. when consumers have more income and we lower the tax rates on top of that, they will have more money to spend, driving more and more economic growth, so that s what we really want to see. jonathan: joining me around the table is michael collins, the head of global interest rate strategies at td securities, priya misra, and ....
this is a rather strong economic report, but i don t think it moves markets much. the unemployment rate ticking down, rates beating expectations. the wage number beating expectations. i think the recovery is continuing. until we see a look back at 2% in terms of that core inflation rate, the fed probably begins quantitative tightening, but won t raise short-term rates this year. the one thing that we are not seeing that was commented on is wage inflation. why are we not seeing wage inflation despite the fact that the economy is strong? we obviously would love to see wage inflation in the system. wage inflation means we are putting more income into consumers pockets. when consumers have more income and we lower the tax rates on top of that, they will have more money to spend, driving more and more economic growth, so that s what we really want to see. jonathan: joining me around the table is michael collins, the head of global interest rate strategies at td se ....
the people in the car asking the officer why. that video seen 2 million times. and tonight, we celebrate the life of glen campbell. the country music legend and his brave battle. good evening, and it s great to have you with us here on a tuesday night and we begin with north korea. president trump warning the regime today against making any more threats toward the u.s. with that promise that the u.s. would unleash fire and fury, the likes of which the world has never seen. it comes after u.s. intelligence determined north korea s weapons program has now reached a dangerous milestone. abc s chief global affairs correspondent, martha raddatz, with president trump s entire statement on camera. his warning to north korea. reporter: it is the most fiery, overtly military threat president trump has ever launched at north korea, a chilling warning in response kim jong-un s threats to the u.s. north korea best not make any more threats to the united states. they will be ....
brittney shipp. we re already starting to see some improvements out there over the past hour hour and a half or so. that s right. we re still going to have a chance of passing showers as we head into your late morning hours and early afternoon. keep that in mind as you re making your plans. it should not affect the weekend. we re going to see warmer temperatures and sunshine into the afternoon. by tomorrow even more sunshine, temperatures night and comfortable at 78. our current at 66 in philadelphia, 65 and 64 degrees in wildwood. everywhere else nice and dry. we are finally starting to warm things up. our average, 80 degrees, 84 degrees on monday. i ll also track storms moving back in on monday. if you re planning to head done the shore, if you re at the shore already, today s temperatures at 75 degrees with a few passing showers and then by sunday 70 degrees. i ll have your full forecast coming up. former delaware attorney general beau biden will be laid to rest ....
industrial and technology the worst performing sectors. as for what the best performing sectors, you ve got health care one. one of the reasons for that is over the past hour we did get some reports that anthem has made a taker of a bid for cigna which is now at all-time highs. cigna has apparently to the reports rebuffed that takeover bid but we ll get more details with bob pisani in a second. health care has popped its head into the green. but one stock that s been really crushed in today s sell-off u.s. steel. down 4.7% as we speak. about 12% to the downside so far this year. let s get trading action now. bob paisanipisani. is it about greece? it is mostly about greece. people were wondering if the fed had anything to do with that. i d say this is about 70% concerns over greece. since europe closed we ve moved up. speaking of europe we closed pretty poorly. this is the lowest close of the year for germany, 10,984 but still up 11% for the year. greece down rather ....