Now is probably benefiting around 1,000 a year, and some very detailed microdata that i have seen on Household Spending patterns suggest there may be a link, as you would expect from reduce reduced amounts that people pay at the pump to overspending like eating out for restaurant meals and other things, but the aggregate data, you know, is not as strong spending is not as strong as it could be given the decline. And, of course on the other sigh we are it may be that it will take a while and its something that will slowly strengthen over time if Oil Prices Stay low. On the other side, of course, we have seen a marked decline in drilling, which is depressed investment spending, and, of course, very substantial layoffs in the energy sector. With respect to impact of oil prices on inflation and what would happen if they move up, the committee has generally tended to look through movements of oil prices, whether they were on the up side or on the down side, viewing it as a factor that shoul
The hang seng was up about half percent. And the shanghai up about. 6 . The European Equity markets. This is the early trade. Relatively flat. The dax is flat. Cac is down less than. 2 . The ftsi up about a. 25 . And the italy index about 1. 5 . And spain just over 1 . And up about 0 30 cents. Brent up about 33 cents. Couple of big stories this morning. Bp reporting overnight. Quarterly profits dropping 80 . That topped expectations, oddly enough. The company says it now could cut Capital Spending further as a result. Ceo expecting prices to recover towards the end of the year as pruszers stop work on fields and demand strong returns. Also dupont is raising its full year guidance. The chemicals and seed producer planning to merge with dow chemical but last year regulators needed more time to review materials related to the deal. And today were expecting results from dow components 3m, numbers from Pharma Company eli lilly and hear from its chairman and ceo at 7 30 eastern time. And fac
The processcuited by naming Carly Fiorina, former president ial candidate, as his running mate. After a great deal of time and thought, after a great deal of consideration and prayer, i have come to the conclusion, that if i am nominated to be president of the United States, but i will run on a ticket with my Vice President told president ial nominee, Carly Fiorina. Mark fiorina also spoke. After being introduced, she took a shot at the red republican frontrunner, donald trump. Trump and Hillary Clinton are two sides of the same going. There was liberal, we know that. , like soary clinton many politicians, she has made her millions selling access and influence from inside the system. And donald trump has made his billions buying people like Hillary Clinton. Mark so what does donald trump himself think of this pick . He gave a window into his thinking this morning, more than nine hours before cruz made the formal announcement, as rumors swirl. Called into the morning shows, and reacted
Japan. By the time we come in tomorrow, we will have to centralbanks. We are going to celebrate with a double dose of centralbankitis. Francine lets get to first word news. Vonnie a big night for donald trump and Hillary Clinton, both scored dominating wins in the northeast and president ial primaries. Ve states,all fi pennsylvania, connecticut, maryland, delaware and rhode island. He widened his lead over ted cruz and john kasich. Trump calls himself the presumptive nominee and took aim at the Democratic Front runner. Mr. Trump i think the only card she has is a womans card and she has got nothing else going. Frankly, if Hillary Clinton were a man, i do not think she would get 5 of the vote. The only thing she has got going is the womens card and the beautiful thing is women do not like her. And look how well i did with women tonight. Clinton returned fire after winning four of the five states. Mrs. Clinton mr. Trump accused me of playing the women card. If fighting for Womens Health
The nasdaq is off by 18. This comes after both the s p and dow closed at their highest levels of the year after yesterdays fed meeting. That fed meeting along with the News Conference with fed chair janet yellen, were going to be talking more about her message. In the meantime, take a look at wti. It is up by just over 2 to 39. 28 a barrel. Getting closer to the 40 level. Also, if you take a look at the currencies, the dollar is down against the euro, which is all the way up at 1. 1308. The yen is trading at 111. 36. Dovish Federal Reserve keeping Interest Rates unchanged, suggesting it will be very cautious about future rate hikes. A pretty upbeat assessment of the economy. Yellen had this to say at the News Conference. You have seen a shift this time in most participants assessments of the appropriate path for policy. As i tried to indicate, i think that largely reflects a somewhat slower projected path for Global Growth, for growth in the Global Economy outside the United States and