This is the one business show you cant afford to mess im christiane and im going to board washington coming up the Federal Reserve on wednesday release their minutes of their january meeting but what path has the central bank decided to take well break down the feds moves and how its close choosing to react to global instability what wall way has lost a case in court relating to the purchases of its products but how will the embattled telecoms giant bear Going Forward will analyze the future of cross the globe. In the great. German europe. And later the u. S. Has sanctioned russian oil giant ross now as the nation has ramped up the effort against venezuela well do a deep dive into the penalties and what it means for the petro sector. Today so lets go and dive right in. The federal open Market Committee released edited minutes from his january meeting during which policymakers voted to keep Interest Rates unchanged between 1. 51 and 3 quarters percent drone policy now says that the u. S
For viewers good morning and hey welcome im shale cheryl. Good morning everybody im lauren simonetti. Welcome back after the long weekend. Let take a look at how your money is moving this morning weve got well got the red arrows to show you right now dow is down 164 in preb market s p 16 and three quarters for the down siled. Nasdaq down 86. Apple premajority loss has shares the iphone maker to shave 85ed a opening bell apple big story this morning. Lets take a look at stocks and asia mostly lower but check out shanghai composite up fractionally see applicationses for tariff exemptions from companies for u. S. Imports. Breaking overnight out of europe especially london bc says to cut 35,000 jobs 100 billion in assets in next three careers. Theyre scaling back operations here in the United States especially and also in europe. Youve got red across the board in europe. Lets talk corona virus because more than a dozen americans evacuated all for quarantine cruise ship in japan theyre gett
American family is not going to tell you that inflation is running too low so how would they be able to actually combat this. Well they say that they want to get inflation up to a certain range and that is code that is fed speak for saying we want to keep Monetary Policy easier for as long as it takes to get up to that 2 percent bogey and what how investors rightly read that message is that theyre going to continue growing the Balance Sheet and if need be and we know that the need could could be happening with the coronavirus shock to the to the to the economy not just in china but here in the United States if that means further rate cuts in 2020 that is certainly what the markets have begun to price in now speaking of how does the f o m c participants view the corona Virus Outbreak is this a threat to Global Growth and if so how much is there a cause for a material reassessment in the outlook and what would that possibly mean for additional easing next year or this year. Well so i thi
The fed utilizes imputes Health Care Costs which is really going through the roof for the average working family it imputes Health Care Costs using medicare and medicaid reimbursement rates so it artificially depresses this number to 1. 00 that youre reading about d in the minutes but if you look at the core c. P. I. The core Consumer Price index which strips out food and energy it has been running at or above 2 percent which is the feds target for 23 straight months now so i think that there needs to be some soul searching at the fed because the average American Family is not going to tell you that inflation is running too low so how would they be able to actually combat this. Well they say that they want to get inflation up to a certain range and that is code that is fed speak for saying we want to keep Monetary Policy easier for as long as it takes to get up to that 2 percent bogey and where. How investors rightly read that message is that theyre going to continue growing the Balanc
Brandnew high right there and the nasdaq, poised for another 30 , 30point gain, 9,000, getting close to 9,300 actually, the latest rally very well received the china trade deal, signals new economic relationship between worlds two biggest economists, formers, manufacturers, Tech Companies and they all get help with this and the economy likely insulated from my threat of recession this year. Theres more trade help on the way for the market as well, Mitch Mcconnell says the senate will pass usmca legislation at 11 00 oclock eastern time this morning, so in a matter of days, america concluded deals with four new partners, mexico, canada, china, japan, all good stuff and theres a lot more to come, here is a tease for you n a moment you will hear exactly what senator warren said to senator sanders in the Heated Exchange right after the debate, you know, its fascinating to hear socialists call each other liars, stay right there, its coming for you, promise, Varney Company is about to begin.