Save a movie landmark in the big apple but what consequences could this have for the Film Industry as theaters and production mergers arties Trinity Chavez is on the ground in new york to bring us the latest on netflix to dive into the screening sector we have a lot on board today so lets get right to it. You noted states Federal Reserve chairman powell on monday insinuated that there would be no changes in federal Interest Rates in the coming months powells comments came here which took place during an address to the Greater Providence chamber of commerce in rhode island come as the fed has cut rates by a quarter percentage point 3 times since july of this year the fed chair said policymakers are focused on meeting inflation goals adding it is essential that we at the fed use our tools to make sure that we do not permit unhealthy downward drift in Inflation Expectations and inflation we are strongly committed to symmetrically. And that substantially achieving our 2 Percent Inflation o
Policymakers are focused on meeting inflation goals adding it is essential that we at the fed use our tools to make sure that we do not permit an unhealthy downward drift in Inflation Expectations and inflation we are strongly committed to symmetrically and substantially achieving our 2 Percent Inflation objective so that in making long term plans households and businesses can reasonably expect 2 Percent Inflation over time pauls comments come just 2 weeks before the next pred policy meeting which takes place december 10th and 11th now kristie i wanted to ask you the question why is this 2 percent Interest Rate so important Federal Reserve chairman jerome paul so 6 essentially the fed was created with 2 mandates they have to do a man is which is one to maximize employment and the 2nd one is to stabilize prices for consumers for businesses so that as i 5 said that these guys they can expect what what they need to spend in the coming year. So by setting an inflation goal of 2 percent is
That in making long term plans households and businesses can reasonably expect 2 Percent Inflation over time pauls comments come just 2 weeks before the next fed policy meeting which takes place december 10th and 11th now kristie i wanted to ask you the question why is this 2 percent Interest Rate so important a Federal Reserve chairman so essentially the fed was created with 2 mandates they have to go a man is which is one to maximize employment and the 2nd one is to stabilize prices for consumers for businesses so that as i 6 said that these guys they can expect what what they need to spend in the coming year so by setting an inflation goal of 2 percent is actually the normalized rate of the United States since 1905 and so since they formalize that rate in 2017 that has been the goal of the fed ever since and now weve also you know like i said hes not looking at more fed cuts here but we did do 3 over the last 6 months or so have they worked for. Economy they have worked on an artifi
It will be a shorter working week with no loss of pay. Coming up on afternoon live all the sport holly hamilton wales have opened their World Cup Campaign witha wales have opened their World Cup Campaign with a convincing victory over georgie. We will relive all the tries at 2 30. With rain on the way, some have been looking for a dry place to stay and that rain is brought to us by a weather system that is influenced by what happened in the caribbean two weeks ago. I will tell you more later on. Also coming up by royal appointment harry and meghan visit a south african township as they arrive in south africa with four month old archie for their first overseas tour as a family. Hello everyone this is afternoon live. Its called 0peration materhorn and its the biggest peace time operation to repatriate britons stranded abroad after the collapse of thomas cook. The Civil Aviation authority has chartered a fleet ofjets to bring home more than 150,000 british holidaymakers. Thomas cook brita
But still red for each of the major indices. Joining us for the full first hour of the show Courtney Gibson from loop capital markets. Courtney, thanks for joining us. Whats your take on today . Investors in a sort of holding pattern, are they, until we get to the fed unbelievable holding pattern. I mean, volumes are down precipitously today. At least they were before i came on the show today. I talked to our equity desk at loop capital and in the u. S. Alone volumes were down somewhere near 30 and even in europe spain was down i think somewhere near 40 on volumes our desk flow today was down substantially as well. It looks and feels as though investors right now are really kind of sitting on their hands markets as you can see, dow down just slightly but recovering back to the highs of the session. Russell is lagging down 0. 7 utilities, real estate the bestperforming sectors. Energy and tech towards the bottom we have got apple down about 0. 7 , albeit higher for the week broadcom wei