It and what it means for eight million customers. Good morning. And in sport, a suprise win for the underdogs in americas super bowl. The Philadelphia Eagles beat the favourites, the new England Patriots, by a0 to 33. Its the first time theyve won the title. Let me hear you, minneapolis and Justin Timberlake wows the crowds at half time. Ending up dancing in the crowd. And its getting cold out there. Carol can tell us how cold. A few warnings. Good morning. A cold start to the day. The risk of ice on untreated surfaces. Wind from the east. Some of us will have snow from the west. I will have more in 15 minutes. Thank you. Good morning. First, our main story. The eus chief negotiator, Michel Barnier, will visit downing street today for talks about a possible transitional period after britain leaves the european union. The government has indicated it remains determined to leave the European Customs Union after brexit. The move is seen as an attempt to defuse a growing row within the cons
Most american president s have chosen to reappoint the existing head of the Federal Reserve, nominated by their predecessor, but donald trump has broken a ao year tradition by replacing the former chair, janet yellen. Yogita limaye reports from new york. President trumps pick for the job, Jerome Powell, is the new chair of the us Federal Reserve. But why is is such an importantjob, and why should it matter to you and i . Well, the Federal Reserve makes decisions, about Interest Rates, keeps inflation in check, and can step in and protect the economy, like it did in the Global Financial crisis. But also, whatJerome Powell does can have far reaching effects beyond american shores. We are raising Interest Rates now because the economy is strong. And if we wait too long, the economy could overheat. Wed have to raise rates. The best way to sustained recovery, i believe, is to head on this path of gradual rate increases. Raising rates here in the us could mean that investors could prefer to
Instinct behind the selloff. The nasdaq nosediving 1. 62 . Yet, people want to sell pretty much everything right now. Particularly high growth. Or maybe everything except whats being going down endlessly like oil where the stocks bounced. Even as the price of crude failed to do so or herbalife that finally caught some lift. Whats going on here . I think this market is changing the collaration. I think the vast majority of Portfolio Managers are fearful of buying the dips. Its too frightful to do so. Let me explain. For the longest time ever since the market bottomed over six years ago if you decided to buy some down and out merchandise, you wanted to pick at some value or grab some Growth Stocks, they were bounced around by extraneous events, you did well. In fact, the best strategy this year has been to wait for the stock of the company you like to come down to the bargain price and buy it. Buying opportunities they have legion. All sorts of washingtons toxic politics gave us some rep
Again as our nominee says. You want to be part of that. Im grateful for you being here and spending your time here. I want to talk a little bit about Republican Leadership. Those of you who lived in michigan a long time you understand this. I mean we had a lost decade where we floundered. Were on the bottom of every list you wanted not to be on the bottom of that list or the top of the good list. Were at the wrong end of those lists. Under Republican Leadership, republican house, senate, and governor, just look at the benefits. Our unemployment under 5 . When is the last time you could talk to one of your kids about unemployment being under 5 in michigan. Ottawa county, where i represent, 2. 9 . They cant find people to do the work. Were turning the state around. It takes a lot of effort and a lot of time and Republican Leadership. The state gained more private sector jobs than any other great lakes state, over 400,000. That is not what, we dont create jobs. We just set the atmosphere
Your folks from michigan. I want to tell you that i wanted to be here today because i had such a great time being in michigan. It started in, i dont remember if it was a Shopping Center in detroit. I remember walking in and the place was absolutelyjampacked. And everybody was so nice and you know, theres that thing, what is it . Michigan nice is maybe what they say . I knew a little bit about michigan but i never really spent a lot of time in michigan and i have just absolutely fallen in love with your communities and with your folks and i asked them you know, i was in what is it . Grand valley peak . This was with all those students in an unbelievable experience at grand valley. And then i went to lansing and we had the most Incredible Group of young people. Look, i want you all to understand something particularly when im with the young people. Folks, i dont want anything. Ive had an unbelievable career. When i finish my next couple of years, i will have Held Public Office for 30 yea