Con officials the central bank will allow for higher inflation. Appropriate Monetary Policy will likely aim to achieve inflation moderately above 2 for some time. President trump officially accepts the republican nomination as he makes his case to the American People blasting joe biden as a socalled threat to the nation. Despite all we have achieved is now in danger this is the most important election in the history of our country. Developing news about Prime Minister shinzo abes future lets go to the Live Press Conference now to the confirmation and the support of the people of covid19 and the measures we have done. There have been requests from the local government on covid19 Counter Measures we have been fighting against invisible enemy. We tried to avoid the symptoms to protect the life of people from time to time based on expertise. The government has done its best but many people have been infected and some of them died id like to express my condolences for those victims. At this
Hope you can join us for that. Less than an hour away. You might have heard there were a couple of Crucial Supreme Court decisions today and they did affect the mood at corner of wall and broad. When we to the news that the supremes are you know what, mr. President . , you will have to hand over your financial records to a group sympathetic with a grand jury looking into the president s business dealings for years. Now they also balanced that out by saying so far you dont have to hand them over to congress. But you know how this goes. The fears this gets out to hurt the president. Politically doesnt matter where you come from as much as money they were making on the president and whether those days could be numbered. They are weighing down on stocks. They are down 400 points. The losses picked up measureably on news this decision. Edward lawrence own why that might be and what this decision, these decisions i should say could mean Going Forward. Edward . Reporter a win and a loss as yo
They scarf up anything they can from those shelves. Were getting all of that. Meantime, get a gauge where we stand with this storm. Accuweather chief meteorologist bernie reno with the latest on its path. What are we looking at, bernie . Were looking at a strengthening hurricane, im afraid if it hits the Central Coast of florida, which is what we are forecasting it will be a catastrophic storm. All right. Throughout the morning weve been looking at a strengthening hurricane. Take a look, at this. Just in the last couple of frames, you are starting to see the eye pop in the middle of the cloud structure. Now, listen ive been doing this for 29 years. One thing i know an identifiable eye on the infrared satellite picture, you are looking at a major hurricane. What do i mean by that . Ooh talking about a hurricane of at least 120 mileanhour sustained winds. Hurricane center update had it at 110. I can tell you this is stronger than 110 miles per hour. Notice the movement. 24 hours ago, it
Market might dry up on them. Semiconductor issues, financial issues, could way on them could expand, global slowdown. Get consumer durables involved in that. Those sensitive to the economy involved in that. All of sudden, before you know it, katybarthedoor. The psychological indicator, the vix, that is flashpoint how people are feeling. That is jumping in excess up 33 earlier. Up 23 right now. Were keeping an eye on that as sentiment, what people are feeling about the market. They are feeling a little nervous. Numbers out of the Services Sector slid to a threeyear low. The reason i mentioned even the Services Sector, it at least is following in this report, a fourth straight month, downward trend, still expanding but at a slower rate. That is happening with the manufacturing sector. Twin sluggishness is weighing on these markets. Typically would pounce on negative news, being good for Interest Rates coming down. That is indeed happening. 10year note 1. 75 . Normally that would be a sal
2018 financial crisis. Are there parallels or is that way overdone . Were on top of all of that. Lets get going. Welcome, everybody, im neil cavuto. Edward lawrence at the white house now with the back and forth on the trade front. Increasing youre hearing from firms like Goldman Sachs, we might not get a deal before the 2020 election, if after that . Reporter looks that way. Both sides digging in. Negotiations with china could start but not over trade but over currency. The Treasury Department labeling the china a currency manipulator. Treasury secretary Steve Mnuchin will work with the International Monetary fund to level the competitive or unfair advantage, level the Playing Field there the treasury, imf acts an intermediary, a forum for the exchange of these conversations between china and the United States. The Treasury Department has a number of suggestions already for china. First they want to lower the trade imbalance with the u. S. Second be more transparent how the exchange r