That makes some sense to me. They are not systemically important. I dont know what that would be. My strong preference would be we continue to add meaningful stress testing for them. Its a successful tool. Warren i want to followup on the question about full employment. Congress gave the Federal Reserve a dual mandate, to pursue maximum employment and keep prices stable. The Unemployment Rate is 4. 1 . 4 in thet will get near future. An Unemployment Rate this low would have been considered full employment. That would be good news for the workers. That should be accompanied by higher wages. Wages of barely budged. Let me start by asking, given that wage growth is so weak, is the labor market full employment . Jerome powell full Employment Concept sort of precise in our thinking. A number of indicators would suggest we are at around full employment. I will point to a couple that suggest there is more room for growth area that would be growth area did growth. There is no sense that the ec
Time. So in that statement that they will meet with ryan and mcconnell instead, that makes them, sounds like they put a lot more faith into mcconnell and ryan than they have in the past at least with that statement. Neil you think about it, wasnt that longing a they cobbled together this separate deal to keep the government lights on for another few weeks. Right. Neil being north of four weeks. So at the time, it was sort of like seen as a bipartisan olive branch on both sides, now gone. Thats right. The point here is, that they see the president as so erratic. They walked out of that meeting months ago you are talking about with a spring in their steps, thinking they could work with the president instead Republican Leadership. Neil i remember you, erin, having doubts about it. To your credit, you said, lets not over, you know, analyze this, say it is a sign of kumbayah. You didnt use the words kumbayah, that all of a sudden all bets were off. So everyone is it sort of retrenched back
A powell boost and metcoin above 11k. And snap snubs social media a blistering ped about facebook and spread of fake news. And amazons growing influence, we have an exclusive interview with andy jassy. Stocks are on track for more record high. Boosted by advancement of the tax reform bill to the senate floor. Financials obviously rallied following comments by fed chair nominee Jerome Powell at his confirmation hearing he did say bank rules are tough enough he also got bitcoin surpassing 11k, after breaking 10k about 24 hours ago, jim. Yeah, i know ill get heat on this but even if you believe in bitcoin, the velocity of the move is a sign that its parabolic and parabolic moves dont last and i know that when i look at that i say to myself, okay, if i owned it, what would i really be doing . The answer is when you have that big a gain you have to take profits. That velocity is crazy that velocity is not right. Whos buying this thing some arguments say its people in venezuela that want to
If the blue chips hit the milestone 26,000 at the open and coming to download added 1000 points in seven trading sessions. The shortest time for a gain of backsides ever. The rally could be held their earnings from several bigname Companies Including united, health care. Kerning in revenue came out a few moments ago but revenue and earnings topping expectations. The company said the most recent quarter earnings per share were boosted by 1. 21 by deferred tax benefits. The Company Revised their 2018 outlook to affect effects of tax law changes. This is why markets keep going up. Waiting for numbers from citigroup due out later this morning. The main thing to watch in the earnings whether more companies will be giving bonuses out to employees. Several big Auto Industry ceos including Fiat Chryslers Sergio Marchione spoke with fox business about what the legislation means for their companies. We removed all the cobwebs and concern about when they do it. Im glad weve done it. The tax packa
Womens team in japan in the world cup final. First to greece where voters have rejected an austerity for aid deal put forward by international creditors. Over 61 said no and 38 voted yes. The result is a triumph for greek Prime Minister alexis tsipras. He said he will work to find Common Ground with the international partners. Its unclear how they will respond. A eurozone summit is set to take place on tuesday. The European Central bank is set to open. They wont reopen on tuesday. Jonah hull reports from athens. Reporter outside parliament they cheered the result. Greece said no to the International Editors in an act of national defiance. Its very exciting. We are all very hopeful. Its been a defendant tough ride. We have been scared for the past week week. As they celebrated the result all will wonder what happens next. Considering last weeks circumstances, he made a brave choice. I am fully aware that the man data is not a mandate to break with europe but to strengthen the negotiatio