Page 22 - Representatives Office News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Extraordinary development. The former new york fed president says the Federal Reserve should not quote, bail out an administration that keeps making bad choices on trade policy. Hes gone political. Dont lower rates to help trumps reelection . An antitrump guy urging the fed to work against President Trump . You got to sthak yohake your he that one. Unfortunately, thats what most financial people are saying today. Hes wrong. Now the market. Even with a sharp yield curve inversion, stocks show a small loss. Down 40 points. Remember two weeks ago, when the inversion appeared, the dow dropped 8800...

Oil prices end disproportionate weighting with the dow, components like exxon, chevron mobile dominating the scene. Lets go to Edward Lawrence with the latest from the white house on the trade front. Edward what are we hearing . It is fish. U. S. Trade Representatives Office filed to increase tariffs on last 300 billion of chinese imports from 10 to 15 . It will go into effect in two faces. First phase of 15 happens this sunday. You see items on the screen will be affected. The second batch goes on september 15th. Chinese reinstituted 25 tariffs on u. S. Cars sold in china. Increasing tariffs ...

Manufacturing was steady with 8,000 jobs added there. Adp numbers coming out at a time where some people are worried about recession. It Shows Confidence businesses continue to higher despite those recession fears. It was the best month for private sector hiring since april. It is interesting, because yesterdays ism manufacturing number was a little weak. It showed some contraction. People were worried about that. This counters it a little bit. I want to look at Mortgage Rates as well. According to freddie mac the fixedrate for a 30 year down to 3. 49 . That is the lowest level in almost three...

Deteriorating conditions as a reenergized Hurricane Dorian marched northeastward, setting its sights on the coastal carolinas. This ominous scene at frying pan tower, 32 miles off cape fear, North Carolina. Unlike north florida, whose concave coastlines skirted major damage, the carolinas are exposed and vulnerable. The Barrier Islands jet out towards the warm gulfstream, an area known to sailors as the graveyard of the atlantic. 1 Million People in two states are under a mandatory evacuation. The bahamas death toll now stands at 20 and is expected to rise. The u. N. World food program has pur...

Making money. Charles so i got to tell you, investors, at least the market appears to adjusting to worsening yield curve inversion. 10year lower than the two year. Just earlier this month, remember when that first happened, first time that happened, investors running for the hills. The stock market crashed almost, recession fears were rampant. What changed here . Here to discuss david dietze, and mahoney Asset Management president ken mahoney. Ken, the first time this happened, the dow was off 800 points. Closing at low of the session t was all the talk of financial and mainstream media, reces...