Certainly has been weakening i know businesses spending on software purchases technology purchases, but do you think now businesses are sitting on cash because of the uncertainty around trade. That is what we hair travel around meet with businesses, farmers are absolutely nervous suffering from low prices you are hearing manufacturers nervous some export nervous about trade wars some nervous about globe environment we know that europe is slowing we know china is slowing so i think there is a general level anxiety that is causing people to pause. What can you tell us about minneapolis are you seeing weakening there i know there was some worry or speculation that maybe Unemployment Rate was ticking up. The minnesota rate kicked up from very low levels i am not hearing businesses saying laying off workers i am hearing caution about how many more they are going to hire, so o i am hoping just noise in the data but something we are paying close attention to is this upcoming week getting anot
Certainly has been weakening i know businesses spending on software purchases technology purchases, but do you think now businesses are sitting on cash because of the uncertainty around trade. That is what we hair travel around meet with businesses, farmers are absolutely nervous suffering from low prices you are hearing manufacturers nervous some export nervous about trade wars some nervous about globe environment we know that europe is slowing we know china is slowing so i think there is a general level anxiety that is causing people to pause. What can you tell us about minneapolis are you seeing weakening there i know there was some worry or speculation that maybe Unemployment Rate was ticking up. The minnesota rate kicked up from very low levels i am not hearing businesses saying laying off workers i am hearing caution about how many more they are going to hire, so o i am hoping just noise in the data but something we are paying close attention to is this upcoming week getting anot
Looking up for the economy and then suddenly we got negative data points that changed everything and made the recession a plot more likely sure, that may be the profrnl mat cause of todays decline, losing another 494 points, s p 500 plunges 1. 79 . Nasdaq plummeting 1. 76 . Sell, sell, sell, sell but the truth is a lot simpler. We were due for a selloff. How i do know . Because thats what ive been telling you for weeks. A month ago i told you about the s p 500s short range oscillator indicator. This is a tool i pay a lot of money for that tells you almost with uncanny accuracy when the market is overbought or oversold, overbought meaning due for a pull back, oversold means you have to start buying when the oscillator is above five, it always almost means we came too far too fast. And you need to do some selling. Well, when its well above 5, you need to aggressively raise cash as i told you last month the oscillator went extremely high reading, told you we were due for a bruising i stwu
Economy. Well be looking for things affecting the outlook of the u. S. Economy, particularly as it relates to zblrchlts all those things in principle can affect the achievement of our goals its an unusual situation because you know the u. S. Economy itself, the largest part of it, the consumer part of it, is in strong shape the manufacturing part, less so. Overall you see an economy that generally forecast shows growth similar to our own forecast coming in at about 2 . Significant risks to that outlook from not just the geopolitical events but slowing Global Growth. Well be looking at all of that and also Financial Market conditions and how they are affecting the outlook. I cant it is a challenging time i admit it were not on a preset course well be making decisions meeting by meeting as we see this and well try to be as trance parent as we can, as we go. Sparent as we can, as we go with the rate cut today and modest adjustment coming down the road, do you worry about lessening the fed
Leaked that were very frank about his assessment of the president , and it was not very flattering. It was business as usual, but five hours later that proves not to be the case. David but President Trump really had gone after him, even calling him stupid and things like that. At the same time, the British Government backed him. But it is hard to do your job if they are not going to talk to you. Alix for sure. But also the leaking. He was supposed to report back. That was the point. In the markets, we are seeing a bond selloff headed into the fed , particularly on the long end and in europe. German bund yields are at their highest level since three weeks ago. You have persistent weakness in the equity markets, down 2 10 of 1 . It is a mixed dollar story. Some industrial output from europe. Eurodollar goes nowhere. Yields up by about three basis points, 2. 1 . We havent seen that in about a month. Crude, lots of things boosting crew today. Russian production is down. More harsh words fr