It is consistent with some slowing. The economy is slowing. The manufacturing slowdown is continuing. But it is happening at a very gradual pace. We are slowly pressing on the break here. It is not a falling out of bed moment. It is not like a flashing red, the economy is falling off a cliff number to me. Definitely not falling off a cliff. Not enough to do anything. The market is priced in for an october rate cut. We have to pencil in a fed cut in october. For those looking for a decisive message, a deterministic one, they did not get it. Jonathan joining me around the table to discuss here in new york are our guests, oksana aranov, lisa hornby, and Gershon Distenfeld. I want to begin with what changed this week for all three of you. Did anything change for you, oksana, given the data we had . Oksana nothing has really changed on the economic backdrop. We did have some weak ism number there, but an ontrack jobs number and an upward revision for august. We have been in this trend for a
Employment growth decelerating. It is consistent with some slowing. The manufacturing slowdown is continuing. But it is happening at a very gradual pace. Pressing on the break. It is not a falling out of bed moment. It is not a flashing red, the economy is falling off a cliff number to me. Not falling off a cliff. Not enough to do anything. The market is priced in for an october rate cut. We have to pencil in a fed rate cut in october. For those looking for a decisive message, a deterministic one, they did not get it. Jonathan joining me around the table to discuss in new york are our guests, oksana aranov, lisa hornby, and Gershon Distenfeld. I want to begin with what changed this week for all three of you. Did anything change this week given the data we had . Oksana nothing has really changed on the economic backdrop. We did have some weak numbers there, but an ontrack jobs number and an upward revision for august. We have been on this trend for a while, where revisions have been up.
Order. Without objection, the chairs authorized weight recess of the committee at any time. This hearing is entitled oversight of the security and Exchange Commission. I inaudible recognize myself for four minutes with an Opening Statement. Good morning. I want to welcome back chairman clayton and welcome jackson,s placement and lee to this important hearing of the secs role in risk Capital Markets. Its the First Time Since 2007, that all commissioners at this Exchange Commission have testified before the Financial Services committee. I believe it is important for the committee to hear testimony from each of the commissioners including as chairman, because he told the vote of important rally authority in these matters. They are unique reviews that the committee should be aware of. This is especially important steps that the sec is not fulfilling as wall street calls and key rules like the open rule and the rollback and our moves to implement employment reforms on issues like executive
And discussions agencies priorities including senator training and distinction over cryptocurrency. He testified before the House Financial Services committee. The committee will come to order. Without objection, the chairs authorized weight recess of the committee at any time. This hearing is entitled oversight of the security and Exchange Commission. I inaudible recognize myself for four minutes with an Opening Statement. Good morning. I want to welcome back chairman clayton and welcome jackson,s placement and lee to this important hearing of the secs role in risk Capital Markets. Its the First Time Since 2007, that all commissioners at this Exchange Commission have testified before the Financial Services committee. I believe it is important for the committee to hear testimony from each of the commissioners including as chairman, because he told the vote of important rally authority in these matters. They are unique reviews that the committee should be aware of. This is especially im
This is how it looks at the moment. Nikkei feeling it at the moment although there is a deal on trade between the u. S. And japan. Nevertheless nikkei still 2. 2 percent down. Asx also feeling its. All in the red. Everything is negative as far as the market goes. Where is the money going . Lets have a look at what is going on. On top of that the u. S. 30 year. Gold up. At levels not seen since 2013 or thereabouts. 54 accounts. At one stage yen was at 144. 45 against the dollar. We have recovered a bit, 105. 24. There are all sorts of resistance. There we go. To the downside. 97, 51 for dollar, 30 yield 9. 81 . Money ise is where the going as people seek safety. Whats move things along and look at the first word news with selina wang. Macau has chosen a pro China Businessman as its new leader after a political process that featured no other candidates. Hell be the third leader since he territory was handed back to china in 1999 after more than four centuries of rule by portugal. Unlike