Have to act. Unless we get more support, i think the u. S. Will go back into recession. Isathan joining us now gershon distant belt. People, hey for many was asking fiscal policy makers to do more. Iu were the one person that have read in the last couple of days that believes that was a dovish news conference. Tell us why. Do agree with a lot of the clips you pointed out, ive been saying it for a long time. You need fiscal support. This belief that the fed or Central Banks can solve problems by themselves is silly. This is not a classical recession. There is nothing Central Banks can do to get people to go there is a supply shock aspect as well. Restaurants are not fully open. You cannot go to the sporting event. The fed can do all that wants but you need the fiscal side. In terms of the relationship to the dovish side, there were several indicators. The fed was clear, chairman powell was clear he was willing to do more quantitative easing if necessary. He didnt say anything about pull
On the sculpt theyre interested theres a good book called firefighting which is a summary of the crisis in First Responders which digs deeply into these programs. I recommend everyone have a look at it over the next couple of weeks. Been among other things has been distinguished economic historian being wellsuited to put this horrible event we are experiencing now in context as well it gives a sense today about what will determine how deep this recession will be perhaps how long it will last, how effective the fiscal and monetary response has been, and perhaps will likely come and whether or not the covid19 recession will leave longlasting scars on the u. S. In the Global Economy so turn this over to ben for his remarks after which david wessel will pose some questions and after that therell be some instructions on how the audience members can ask their own questions. So bent over to you and thank you for doing this. So thank you and thank you for joining us this afternoon it feels lik
Airstrike on iran. On behalf of this terrorist to build out a network of interconnected work on the leads potentially to the death of many more americans. But democrats like process and candidate dont joe biden or criticizing the president and calling it a haphazard decision. We have not heard an excellent nation. To be sure the American People reassure the American People of this decision. And the consequences were thought through. Issuing security alerts. U. S. Citizens as iran vowed revenge. A stampede broke out at sublimitys hometown. 56 people died in more than 200 or hurt. Soleimanis funeral is delayed. Officials are expected to brief senators while the airstrike. Christina rendell ktvu fox news. Four chevron has evacuated iraq. San ramonbased company says temporarily pulling its employees and contractors as a precautionary measure. The iraqi oil number of American Workers in the area for oil workers. Another major earthquake in puerto rico this morning. Doesnt of hit the region
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
Would be a market improvement from these wounds that we experience, there is so much tension in the air, im going to try to cut through it, the good thing i have some of the best to help me, President Biden meeting with the japanese and korean counterparts, how much will they callout china if at all, the counteroffensive is failed, what is next for ukraine, did elon musk kick bitcoin to the curb, Natalie Burnell joined me in studio, really beating the peak time of consumerism, see the latest example of the nation addictive to spending way more than they have, that is my take, all that and so much more on making money. Charles i decided to dedicate today show to petra belgium draft horse considered to be the Strongest Force in the world because 2023 has been all about the rare breeds that have carried the stock market and now of course they look vulnerable, i want to get overseas were the biggest stocks in europe is be dismantled, this headline youre looking at is a reaction to this com