Have announced today will provide strong support for the economy. We are saying that roommates rates will remain accommodative until the economy as far along. Leaves stimulus untouched. No move expected either. Todays action could come from south africa as they battle we growth. President trump contradicts his health officials, saying a vaccine could come by october. Deutsche bank says new york city staff can stay at home until next year. 6 00 a. M. In london. Lets get you uptodate with the interpretation of fed speak. Good morning. I take you to ing. Its about the credibility andeen Forward Guidance state contingent Forward Guidance. We got both last night. That makes for more potent situations. Perhaps doubly irrelevant. Annmarie a note this morning saying theres no pleasing some people. What else could the fed have done . Maybe qe. Also talking about the fact, they were saying, monetary stimulus, its time to focus on policies for the real economy. In that moment, jay powell is right
And a big show this morning, joining the conversation this morning, Fox Business Network dagen mcdowell, founder and ceo and columnist for the hill Fox News Contributor liz peek, we have so much to discuss, right to top story this hour and thats democratic debate, 2020 hopefuls taking the stage in texas pressing views on widerange of issues, Hillary Vaughn has more now, shes in houston, hillary. Maria, Vice President joe biden went on offense last night calling out other candidates by name challenging their ideas, really trying to play the voice of reason against progressive policies promoted by candidate Bernie Sanders and senator Elizabeth Warren, biden challenged both of them over the cost of their medicare for all plans, he also sparred with former hud secretary Julian Castro whether or not which person is better fulfilling obamas legacy and also took on senator harris and congressman beto orourke over gun control. My friends, the employers are going to give you back if you negotia
Perdue joining us along with Arkansas Attorney general leslie on the bigtech antitrust lawsuit plus newly chief Financial Officer whitney on new data connecting restaurants with suppliers. We are looking at declines, dow industrials off of the lows, 40 points on the dow this morning, s p down 4 and a quarter and nasdaq lower by 17. President trump hit campaign trail in North Carolina rallying for republican candidate dan bishop for congress in state special election today, the president sounded off on u. S. China trade and the economy. Watch. More americans are working today than ever before in the history of our country, almost 160 million americans, weve now had 13 straight months of wage gains of at least 3 , wages are going up, the economy is doing great and jobs have never been better. More than 7 million americans will be lifted off of food stamps. Nearly 600,000 americans entered the labor force last month alone. China wants to talk, they want to talk. China lost 3 million jobs,
Testifying next week. Is doingip says barr the president s bidding. And also said the attorney general does not want my to testify in front of the house. Mother is set to experience to appear next wednesday. Democratic hopeful Elizabeth Warren has reduced legislation that is passed would require Public Companies to disclose their climate risks. The measure would also require companies to disclose the total amount of fossil fuel related assets to the securities and exchange commission. The bill aims to encourage companies to switch to Renewable Energy sources. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Im mark crumpton. This is bloomberg. Shery live from bloomberg World Headquarters in new york, im shery on. Jon live in toronto, im Jon Erlichman. Joined by our bloomberg and Bnn Bloomberg audiences. For a cup. Case fed chair jay powell taking the central bank closer to cutting Interest Rates this mon
Arrivedtwitter ahead of trade talks, raising the presence among the american people. Shery later in Bloomberg Technology global link, ibm closely 34 billion purchase of red hat, sealing the worlds secondlargest tech deal ever. Will this help ibm catch up in Cloud Services . We will discuss. First, a quick check of how the markets closed in the u. S. The s p 500 pushing higher. In the last hour or so of trading after fluctuating between gains and losses. We have fang stocks meeting the gains. We saw some declines when it came to the consumer staples. Not to mention material stocks that led the gains. We have the dow unchanged at the toent, falling slightly down 26,783. Investors still bracing for powells testimony to the house tomorrow and the senate on thursday. Lots of Central Bank News this week. Fed minutes on wednesday, ecb minutes on thursday, and Inflation Numbers on thursday. For the time being, we are seeing u. S. Futures unchanged. Investors being cautious at the moment. Lets