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Rally about to hit a wall in 2020 joining us, jeff richards, and paul meeks good morning, guys good to see you. Paul, let me begin with you, ask you why . Is it because things are expensive on a relative basis . Thats right. I have been around a long time i remember with lashes on my back what happened when the internet bubble popped not falling for that scenario. I expect the u. S. To grow at a decent rate, fundamentals of most Tech Companies, not all, to be reasonably good, but the bulk, particularly of marquise tech names are trading at valuations getting me a little scared because i think much too much is priced into some of these names as we roll out of 19 into 20. Jeff, we hear that. On the other hand, you might counter with the fact some of the names got a haircut second half of the year episodes like wework, some argue, are healthy in the long run for staestablishing discipl. What do you think . I remember folks being conc ....
He has testified that he believed that Security Assistance for ukraine was tied to an investigation into the bidens. My clear impression was that the Security Assistance hold was likely intended by the president , either as an expression of dissatisfaction with ukrainians who had not yet agreed to the burismabiden investigation or as an effort to increase pressure on them to do so. Reporter testifying today, fiona hill, former top russia expert on the National Security council. She in part heavily criticized those who feel it was ukraine, not russia who was responsible for meddling in the 2016 president ial election. Back here at the white house, that lunch meeting, neil, we think it will be five or six republican senators involved. Two on the left side of screen there, i guess you could say are interesting ....
Cause u. S. Central bank to rein them in stabilize the markets by wednesday morning. And while the u. S. Central bank makes their latest policy moves their counterpart in the European Union is marking an official leadership transition on tuesday Christine Legarde officially became the new president of the Europe European Central Bank and the former managing director of the International Monetary fund with 394 votes to confirm her in the European Parliament 206 members of the European Parliament voted against muslim guard and 49 abstained from the vote reuters reports in ms the guards latest financial policy making positio ....
Central bank the Federal Reserve which as expected lower the target range on the key federal funds rate by 25. 00 basis points wall street seems to be giving another thumbs down on the rate cut so looking at this lets go to. Lets go to the jay powell will explain the feds choices theyre cutting rates to boost the economy but heres what a poll said recently about the state of the u. S. Economy. So were not forecasting we were expecting a recession as i mentioned incoming data for the United States suggests that the most likely outgoing outcome i would look for the United States economy is still moderate growth a strong labor market and inflation continuing to back up i went through the numbers so the consumer is in good shape and really theres theres. Or or main expectation is not at all that theyll be a recession. And wev ....
Interest rates leads our leads our global report today as the Federal Reserve unveils an expected quarter point Interest Rate cut the 2nd in 2019 after 2 days of policy meetings a federal open Market Committee of the u. S. Central bank said it would lower the target rate for the benchmark federal funds rate to between 1. 75 percent and 2 percent in a policy statement the fed Committee Reference quote the implications of Global Developments for the Economic Outlook as well as muted inflation pressures as reasons for the cut 7 of the 10 members of the f o m c voted for the new policy while the fed was meeting it has been an interesting week for ....