Reporter some say getting robbed is a occupational hazard like working as a bank teller. It is not scary. It can happen anywhere. Reporter they had been warned about the car and the robbers. If you have information, call the chp. Have a dozen cars were destroyed this afternoon in a fire at auto body shop are good happened at kings road in san jose. The fire started about 1 00 p. M. This afternoon and turned into billowing flames. Few people were evacuated because of the smoke but fired crews kept the flames from spreading. No one was injured but a total of six cars were burned and the cause is still under investigation. Now to the boiling tensions between the u. S. And north korea. Today the foreign minister said President Trumps latest tour statement is a declaration of war. He also said his rhetoric gives them the right to retaliate and that all options are on the table. The tweet reference the Foreign Ministers address at the United Nations a he echoes the thoughts of little rocket
Reading of the history of the fed. R more importantly is to look forward to what we presume chairman powell will do. Scarlet that enough it will come at around 3 00 p. M. Eastern time. He is set to make an announcement in the rose garden. Michael what do we really know about jay powell . A lot of people expressing ancerns about him not being economist. He went to princeton and georgetown law. He was a lawyer but went into investment trading and he worked a number of the biggest houses on wall street. Deals and then he went into government and worked for George H W Bush funding the government and supervising financial institutions. A lot of experience before joining the fed. What do we know about what he wants to do . Let us take a look at some of the things we know he has told us. He knows that economy is growing at about 2 , and we are close to full employment. Inflation is going to move up to 2 , according to mr. Powell. Low productivity is the biggest reason we seeing depressed wage
Then actually our revenues are slightly up versus the First Quarter of last year. The Analyst Community was looking for was a sign that you had client balances back to levels we would have seen last year,. Especially your prime brokerage have you got that . Our prime workers business, we have recovered 50 of the bells we lost in the Fourth Quarter of last year. Not yet fully back. We see this in all businesses. When we need to be mindful of the fact that when clients come say, lets reengage, it is not that the following morning you report new revenues. It takes time to work on transactions. Take corporate finance. In reality what we are seeing is revenue in the First Quarter of this year is largely stuff we worked out in the prior quarters. See a lot of reengagement of clients across all business lines, or you can see some immediate effect in Asset Management, new assets and wealth management, that you can see immediately. Prime brokerage. When you compare with the Fourth Quarter of la
I really think this election is about the economy. It is about jobs, people on food stamps and changing the direction we have in the state. Part of that is an honest assessment of where we are as a community and state. If you poll folks, it is all jobs and the economy. We are not providing enough opportunity. And what we did with 21 million for a plant that has no jobs, 19 million to bloom for a plant that doesnt exist down the street. If we had taken that and put it in delaware businesses and expanded growth we would be much farther along. I think we need to change the focus and focus more on delaware businesses, good morning growth. We do that under a Great Administration we will have better results. I ask for your indull skwrepbls indull skwrepblgs. When they closed facilities we had a choice. We could fight to put people back to work and make things in delaware or give up on those workers. And if your approach was followed we would have an empty building decaying factory and rustin
I really think this election is about the economy. It is about jobs, people on food stamps and changing the direction we have in the state. Part of that is an honest assessment of where we are as a community and state. If you poll folks, it is all jobs and the economy. We are not providing enough opportunity. And what we did with 21 million for a plant that has no jobs, 19 million to bloom for a plant that doesnt exist down the street. If we had taken that and put it in delaware businesses and expanded growth we would be much farther along. I think we need to change the focus and focus more on delaware businesses, good morning growth. We do that under a Great Administration we will have better results. I ask for your indull skwrepbls indull skwrepblgs. When they closed facilities we had a choice. We could fight to put people back to work and make things in delaware or give up on those workers. And if your approach was followed we would have an empty building decaying factory and rustin