Growth, trade uncertainty, lower inflation. A number of participant thought it would better align the feds benchmark Interest Rate with socalled neutral rate, the rate that neither spurs nor slows growth. Several members want to the maintain rates. Not cut rates last seening. They thought the economy was in fine shape and they wanted to save firepower for when the economy actually deteriorates. There were a couple who wanted a 50 basis point rate cut. We know one of those was st. Louis fed president bullard. Going forward, more concerns about risks to the outlook in terms of trade uncertainty, slowing global growth. They are looking at protests in hong kong. They see a significant probability for a nodeal brexit. They see what is going on in the middle east, how that could impact the outlook for the economy domestically. Several members also discussed the job market. They do still see the job market as strong. However they are looking at weakness in manufacturing and business investmen
About six points and the dow futures are down by 43. Overnight in area, the nikkei was down by 1. 6 the lesser gains for the hang seng and the shanghai composite which finished almost flat. If you want to take a look at early trading in european markets, across the board, you see some red arrows. The dax in germany down by. 7 . 75 decline for the cac in france and the ftse is down by 1. 3 . Take a look at crude oil ahead of tomorrows opec meeting. Oil was up 20r9 month, but you can see the wti this morning is down by 1. 5 to 48. 36. ] p e much more on that opec meeting in just a moment. Here are the big stories we are watching today. In corporate news, softbank selling at least 7. 9 billion in shares of alibaba. Softbank is softbanks largest shareholder. Its staples dropped now from 30 to 28 . Shari redstone says she has no interest in managing viacom. Red deny stone says on todays economic agenda, april Construction Spending out at 10 00 a. M. Eastern time as followed by the feds beig
Medics are working to save one of the badly injured officers. Donald trump is making another Campaign Swing to the area. We protesters. A blue angels pilot is killed when his plane crashed in smyrna, tennesse riding dirty, running with a couple who claims they are above the law. They have the papers to prove it. A full hour of prime time news starts now. This is the bay areas news station, kron 4 news at 8 pm starts now. Frantic moments after a gunman shoots a policeman. A second officer was shot and a detective is still in the hospital. Good evening, everybody i am pam moore. Law enforcement all over the bay area, they are zeroing in on one home and it turns out to be an overnight standoff with the suspect. First, Charles Clifford is joining us from fremont. What police are revealing today. Reporter i am here in fremont 24 hours after the incident began. You see the crime tape up and we are getting a clearer picture to leading to what led to getting those Police Officers hospitalize.
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