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Partsinevelos, carol roth and john burnett. So nba commissioner adam silver insisting that Houston Rockets general manager has the right to show support for anti protesters in hong kong even after chinas state broadcaster canceled plans susan li is standing by in the news room with the very latest details. Susan . Reporter so adam silver there you heard him and hes also backpedaling a bit today, saying that they dont regulate what owners, players and employees of the nba say. I guess they are doing this internal calculus right now that the nba need china or does china need the nba. You know, the nba hasnt been in china since 1987 going back to the Chicago Bulls and Michael Jordan and theres only one nba in the world so 600 Million People stream the games on streamin ....
Mentioned, well put that number on the screen right now, 572 million that j j is ordered to pay out to the state of oklahoma as a result of this lawsuit. Basically the state argued that oklahoma or rather the drugmaker , j j, was a public nuisance by aggress every market ing opioids down playing the risk of them and then essentially flooding the market with the painkillers, and part of the cause for some 6,000 people who died since 2000 in oklahoma as a result of the Opioid Epidemic. So weve been hearing from both sides after this verdict was reached today, and we want to get to a quote from the state attorney or rather the attorney general who tried this case, and was satisfied with the results. We cant change the past. We can never bring back those who lost their lives because Johnson Johnson executives made the calculated and cold blooded decision that they were going to ....
As appropriate to sustain the expansion of the fed sees longer run federal funds rate dropping from 2. 8 to 2. 5 . On inflation the fed closely monitoring inflation at it point. The forecast is for headline inflation to fall 1. 5 this year. The fed sees core inflation slipping to 1. 8 . Then in 2021 the fed sees a reversal, inflation rising back to 2 . On gdp the fed forecast as 2. 1 in 2019. The fed lowered outlook for unemployment this year to 3. 6 . The fed sees the labor market as strong right now but they say the rising economy at a moderate rate. Now the data shows that Consumer Spending picked up but Business Investment softened. Fed sees uncertain forecast of economy, jobs, ininflation. Very interesting statement but no rate cut today. Looking at one fed president or one fed vote away from a rate cut this year. Two fed votes away from two rate cuts this year. ....
Pick up as well. Negative rates, plus the global bond rally and the outlook for Central Banks across the world with blackrocks cio rick rieder. That is coming up later in the program. Jon, overall you are looking at equities still near the oneyear high. Positive for the year for the First Time Since january. You see it on the move today, up about. 4 . The ftse up as well, about a quarter of a percentage point. Futures in the United States possible futures in the United States positive as well, getting back to a record high. Eurosterling, that broke out to an august 2013 high at one point in todays session. Better euro strength against that pound weakness. In a commodity market, wti crude closed out last week. Positive again today, up. 3 . 44. 63. Now at friday was al ....
Today after forecasting a 6 to 12 drop in earnings in fiscal 2017. The question is how much of a warning sign is it for other retailers and what is it telling us about the economy . Thats not the only story today. Its not just about equities. Take a look at the tenyear yield. The beige book came out an hour ago and the markets really didnt like it in terms of the growth stories, so were back below 2 on the tenyear. The dollar index is now at a sevenweek low. The euro has moved to a sevenweek high against the dollar itself. Gold is now back above its 200day moving average for the First Time Since may with an almost 2 move higher today. One of the countrys largest mortgage lenders wells fargo reporting its results. Were going to get the cfos take on the housing market. John strewsberry coming up. Netflix will be reporting earnings after the bell tonight. Well tell you the number to watch for in that release, coming up later on clo ....