Bloomberg. You mentioned housing and todays gdp data when you look at that, do you believe that you have achieved a soft landing or are achieving a soft landing in the sense that removing to trend growth the rest of the year and next year that is our outlook overall, is for moderate growth of around 2 , pretty close to trend. Thats our outlook could be better. Could be worse you know, you never say youve achieved it. But thats our outlook we feel like our current stance of policy is appropriate as long as that remains broadly our outloo outlook. Donna borak with cnn. Chair powell, setting aside expectations for todays rate cut, obviously 97 sort of expected this would happen today, can you tell us more about the rationale behind moving at this particular meeting as opposed to waiting six weeks and cutting in december and if there was any discussion about that around the table . Thanks. Yeah. I think this seems to be the right movement you can see we had our usual range of prospects, ra
Strength of the ways negotiations and the data reported on friday. That there is the expectation it will be hiking the key rate, the exit away from negative policy settings. What does it mean for purchase of etfs, that will be another question out of that session or out of that meeting, but here is the outlook we have in the session so far today. Japanese yen holding steady, but still weak around the 149 marker , and equities, you are continuing to see this place higher even though the definition boj has been something that has propelled japanese stocks. There are a lot in the market saying there are plenty of other factors and that is why investors were continue pilot into the market. Nikkei225 just one fraction under the 39,000 mark. Number economics, one of the economist highlighting perhaps the boj is not ready to like can they want to see more data to affirm their belief that we are starting to see strength in the japanese economy. Lets take a quick look at how korea is starting t
No leader should meet them. No country should harbor them. And and those that do should be sanctioned. Maria and that was the Prime Minister yesterday with anthony if blinken on the ground in israel as the israelis are gearing for a Ground Invasion of the gaza trip. They are asking gaza residents to leave immediately and head south. Alon, thank you for joining us this morning. Thank you. Maria and join fox in supporting the Israeli Emergency Fund in association with the united jewish appeal. Just scan the qr code that youre seeing on the screen here or donate at ujafedny. Org. We want to take a look at markets here, and the earnings season as well. Citigroup is hitting the tape. Were going to get to cheryl momentarily to get that. We are looking at the Bank Stocks Among the volume leaders. Cheryl. Enter all right. Just getting these numbers in here, maria. Lets start with earnings per share on citi, 1. 63 is the earnings per share. Thats a really nice beat. Excuse me. So thats actually
He has financed more than 100 hollywood films. But his current task at the Treasury Department is complex, more than any film could be and could run into opposition from lawmakers. In a wide ranging interview today, secretary mnuchin told becky quick that the white house and both chambers of congress are all working together. Becky began by asking him about the one issue that investors like you want to know more about. Tax reform. Our economic agenda, the number one issue is growth and the first most important thing that will impact growth is a tax plan. So we are committed to pass tax reform. It will be very significant. Its going to be focused on middle income tax cuts, simply if i indication and making the business tax competitive with the rest of the world, which has been a big problem and a lot of reason why companies are leaving and cash is sitting offshore. Thats really our focus. We want to get this done by the august recess. We have been working closely with the leadership in
Opec says it is confident it will agree to an output quota. Hsbc numbers crossing the terminal. Lets get to stephen engles. I am not getting them up on my screen. You might have to read them there. You want to shout them out to me . Lets get the latest from the markets. Relief rally a ahead of the election. Why . It all started with that big drop last week. Flowing out of risky assets. This morning, the fbi letter cleared Hillary Canton for a second clinton for a second time. Investors and for risks. A very good start to the week, coming off a steep decline, markets got sold off badly last week, now getting a decent bit. New zealand, 2. 5 of. 2. 5 up. Day the best day in months. Goldmining stocks falling. Were still getting a decent day at 1. 3 . 5 , which brings me to the subplot across asia, a massive drop among hong kong property names, 4. 5 . Apart from that, a good day to start the week. But nowump the gun now, it is out. Hsbc thirdquarter earnings. What is the latest . We are Get