Historically it may end up being more and more of an an oration that his experience was the whole yield curve Interest Rate environment. We had a misery index back then where you add unemployment and inflation together. It was up in the low 20s. We may never see that again i hope we never see that again unless we do if we do, that means something is very wrong. A man and his moment can you imagine a fed being so taking really the world on in terms of im going to break the back of inflation, i dont care what happens to go to 21. 5 on the prime. What year is it now, 2019. He dies at a pretty old age. 92 years old. 92 years old and struggling to get to 2 because he harnessed or vanquished it so effectively when he did. He will be remembered. He was a very tall man and nice man. I know you spent some time with him. He was on the show a lot he was. The same day, you are dealing with cookie monster or what was it, oscar the grouch you are oscar the grouch. The puppetear behind big bird passe
Testifying about the safety of the 737 max. We have the details. Grub hubs failure to deliver. Shares are cratered down 40 wall street abandoning this stock. A top analyst explains why they are waving the white flag. Power lunch starts right now lets take a look at where we stand with the markets. The s p 500 off a record high earlier. The dow is higher but still about a percent away from its all time highs now up just about. 03 of a percent another rate cut is expected steve is looking at that and a key issue troubling the fed in the cnbc fed survey. Lets take a look at what the implications are and then well sge get into that issue. 79 . A bit on the low side for some but its a clear and Strong Majority expecting that rate cut. They is sort of kind of one more cut after october of some kind part of the issue right now, the odds of recession picking up to an 11year high at 34 part of the issue right there, its only one issue. Trade is a big deal according to the 42 he respondents to t
Highlights. The senators blasted Dennis Muilenburg time and again on a wide variety of issues some accused boeing and the ceo of not being straight with them, outright lying in terms of questioning about the 737 max. Others basically said to him, youre the ceo, how could you let this happen . Youre the ceo. The buck stops with you. Did you read this document and how did your team not put it in front of you, run in with their hair on fire saying we got a real problem here. Those pilots never had a chance these loved ones never had a chance they were in flying coffins. I was walled walk before getting on a 737 max i would walk zbra there is no way just a few of the comments from senators asking Dennis Muilenburg and also offering their opinions in terms of the 737 max more Dennis Muilenburgs time he said time and again, look safety is at the core of our mission. We are committed to making sure the max is safe when it returns to flight and that the Company Makes changes that are necessary
Company in the whole world that went through this devastating attack and came out like a phoenix from the ashes none by saudi arabia luxury at a tipping point. Ubs down grades. Airbus brushes aside concerns to raise the forecast for the next 20 years. Well speak to play makers chief commercial officer at 12 45 cet. Good morning and welcome to street signs. Big day today. All eyes are on the feds the market is anticipating a 25 basis point cut. It is about the language that will come out of the committee remember the term midcycle adjustment didnt go down well last time. Well see how the language has developed. Well be looking for potential decenters. Watch out for that too also, i want to point your attention to activity that has been going on in the very short term of the Interest Rate market a bit of volatility there which has caused the fed to cause some liquidity overnight. A lot to look out for. This is the picture for u. S. Yields twoyear note traiting at 170. A full cut almost b
Increase sanctions on iran road map begins with watching the fed. Investors expect the second rate cut in a decade. Stocks mostly lower ahead of the open. Fedex is falling this morning. Shares down in the premarket over trade worries policy uncertainty, of course, as well continuing to weigh on the delivery giant and right idea, wrong approach, House Speaker nancy pelosi sitting down with jim youll hear what she had to say about the president s china trade strategy as we said, a few moments ago, the president tweets, ive just instructed the secretary of the treasury to substantially increase sanctions on the country of iran. So nice that our country is now Energy Independent the u. S. Is in better shape than ever before, Strongest Military by far, biggest economy, no longer even close, number one in energy, maga equals kag. The story is going to be about the attacks and what else the saudis can tell us about it as aramco had that statement out yesterday. Right i think we have to were f