For its purposes and rely on supervisory and regulatory tools, you know, to keep the Financial System resilient so youre not doing something today to help today and then its going to cause problems down the road . Youre not worry about that kind of dynamic theres very few things i dont worry about at all of course we monitor we have every quarter an extensive briefs on financial stable we have that yesterday we look at this on an ongoing basis. We have a great team we liase around the world. Were very much monitoring these things all the time, and we worry about them all the time. Were looking for the thing that we may have missed a lot of the time the things we havent missed, they paint a mixed picture, but not one to prevent us from taking Monetary Policy actions that we think are appropriate to support the economy. Reporter youve talked in this press conference about being data dependent Going Forward and this is not the start of a series of rate cuts, but the Financial Markets seem
Because the odds for a june fed rate policy pivot, well, theyre going it was just it was ridiculous. It was always going to be hot. Yeah, yeah. No. Plus, big tech divergence, alphabet, amazon at highs, jim, but apple and tesla, i dont know if you noticed, theyve been struggling a bit. Nvidia, were going to talk about that stock, of course. How could we not . Its entering a correction. Well, if you dont know what it is or if you think its my dog, then why dont you sell some. Finally, jim, the airlines are leading s p premarket gainers. Delta topping quarterly estimates. Its focused on efficiencies im focused on the fact that phil lebeau has been here for 25 years and hes the best. Lets not lose sight of real things. Hes the best he is. Rely on phil more than we ever have. Lets start with the market, get your reaction to the hotter than expected cpi print. Weve heard from the analysis in terms of expectations for a fed rate cut, which are fading fast. The yield curve inverting a bit. The
Comes to the opec meeting on thursday. Spread coming in at 57 basis points. And bitcoin. Is it going to be 10,000 today . Time for the morning brief. At 8 00 this morning eastern steven mnuchin, William Dudley on the hill of the sec will all be speaking in new york at a conference on the structure of the u. S. Treasury market. At 10 00 all eyes will be on capitol hill as Senate Begins confirmation hearings for Jerome Powell. And President Trump continues to campaign for a tax overhaul. He will be going back to the white house for a meeting with congressional leadership on how to avoid a government shutdown. Thats all coming up today. The big story into ec is Federal Reserve nominee for the chair, Jerome Powell. The gap appears to be narrowing between short and longterm Interest Rate raising concerns on the future of the u. S. Economy. Joining us now is drew matus, metlife and that achievement metlife management chief market manager. Are we expecting to see anything different from the c
Comments out of theboe. You can see how the safety trade is not playing out with dollaryen higher and a mild risk off move after the Missile Launch it now back onto the dollar story. Gold going nowhere. Jonathan potential terrorism in the u. K. , several people injured in an explosion on a subway train in london. Police said they were treating it as terrorism on a number of people were injured, suffering facial burns and some were hurt in a stampede, according to the press association. No word of the whereabouts of the perpetrator. Station inen subway london was cordoned off as police investigated and north korea is another manchild launch Missile Launch in japan after the United Nations approved harsher sanctions against the regime while Rex Tillerson says these continued provocations deep in the north korean diplomatic and economic isolation. Joined by our chief agent economics correspondents. Editor forcutive international government. Walk three details as they come through in londo
Tip auction. It breaks even under 2 . Im interested in the demand and the yield that it goes for. And federal reserve, the governor Jerome Powell will be speakingen a panel on washington. And Michael Mckee interviews Robert Kaplan at 7 30 a. M. Eastern. Is going to be an exclusive interview. How do they square that . And that Balance Sheet. David that exciting base book. Jonathan i want to know what the rest of the week looks like. [laughter] lix it has them cringing. David ok. Bank regulations frames the news with preposals kicking around including bringing you back glass seeing toll free up banks in other ways. An exclusive interview with bloomberg, former chairman paul volker thought he thought it would be a bad idea. What i would oppose if they do that and thinking that the Investment Banking operation, trading operation is going to stay super vacation and regulation which is i assume may be the thrust of this. But that just doesnt fly and thats where we were. Nd thats what broke d