Im sara eisen look at whens driving the action higher. A thaw in the trade war again. U. S. And china resuming tariff negotiations in october. Strong Economic Data helping ease some recession fears and the s p moving back above the 50day moving average. Key technical level. Tech stocks are leading the rally. Two big interviews coming up on closing bell. Box Ceo Aaron Levie and with Consumer Staples near alltime highs kimberlyclark ceo michael hsu will join us see both interviews only right here on closing bell. Joining us for the entire final hour of trade is stephanie link. Welcome back, stephanie. Thank you. So are you a buyer on this trade rally . I bought a couple things today. I added to a few positions, nothing new, nothing big, but i think the debate will continue are we going into a recession or seeing Slower Growth i have been saying i think Slower Growth mode and a lot of that because the consumer has been quite strong. I know a lot of people talking about that i spent this w
You know, forhe a while stock and bond markets have been focused on three things, trade,r the fed andrate earnings. Today all three issues collided. First, presieant trump rd that the u. S. And china still have a long way to go before the two countries rch a trade deal, and he warned once again that hes ready to slap tariffs on another 325 billion of chinese goods. , seconew report said that retail sales increased more than expected in june, an indication that the consumer is strong. That could change the calculus for the fed and the likelihood of rate cuts this year. Third, earnings reports released so far have shown that Consumer Spending i strong, but business spending is slowing down. New reports like thesean often change a longheld outlook for growth, so we asked Steve Liesman to put together a realtime assessment of the economy. Thats where we start tonight. Reporter well, everyone seems to be expecting the Economic Party to wind down or even end, no one seems to have the told th
Families with a focus on getting recipients back to work. Though it is suddenly find it is executed by the states. The house ways and means a subcommittee hearing is about two hours. [inaudible conversations] the committee will come to committee will come to order. I will make to welcome everyone today. The welfare subcommittee. The title is where is all the welfare money going, lifting americans out of poverty. My name is daren millard. Covering northwest parts of the state. Recently, republicans were able to secure a major victory with the fiscal responsibility act which strengthens work requirements and the direct cash assistance portion of the temporary assistance for needy families program. Those hearings are in march, i live in the polls in the current law that a lot of states gain work Participation Rate. This hearing will take the next step by focusing on the other side of tanner, which is not Assistance Spending. None assistance funding constitutes the majority of the grant. N
And people who are teenagers or young are going into the workforce, you could imagine that there are limited numbers of entrylevel jobs, and so theres some of that happening. Is that fair . Well, i wouldnt say that its a limited number. Okay. But theyre in competition, and that might affect the wages, and that, in turn, might affect how many hours the teenagers want to work. One last topic before we turn to the audience. So, weve talked about effects among highly skilled workers in the entrepreneurial economy and low skilled workers. How do we understand the effects in the middle . The report talks i mean, because of the hourglass shape of the immigration flows, theyre not as direct, but there are certainly some effects. Jenny . So, i dont think that we have really good purely empirical studies looking at this. We have studies that are somewhat of a blend of theory and data looking at this, but those studies say that precisely because there are not many immigrants coming in with middle
And people who are teenagers or young are going into the workforce, you could imagine that there are limited numbers of entrylevel jobs, and so theres some of that happening. Is that fair . Well, i wouldnt say that its a limited number. Okay. But theyre in competition, and that might affect the wages, and that, in turn, might affect how many hours the teenagers want to work. One last topic before we turn to the audience. So, weve talked about effects among highly skilled workers in the entrepreneurial economy and low skilled workers. How do we understand the effects in the middle . The report talks i mean, because of the hourglass shape of the immigration flows, theyre not as direct, but there are certainly some effects. Jenny . So, i dont think that we have really good purely empirical studies looking at this. We have studies that are somewhat of a blend of theory and data looking at this, but those studies say that precisely because there are not many immigrants coming in with middle