Overheated. No sense of it overheated economy or a tight labor market. Wage increases are modest. We dont see wages having tightness. Inflation has been below the 2 objective for most of the past five years. Is it transitory or are there more fundamental things at work . We are watching carefully to see. We think it is important to gradually move our policy rate towards a neutral level. The economy are strong, unemployment is low, growth appears to have picked up. It is time for us to be normalizing Interest Rates. Jonathan joining me around the table in new york cohead of , Global Management for fixed income at global sacks. Goldman sachs. The chief investment strategist of fixed income. Coming to us from london is diana, fixed Income Portfolio manager at j. P. Morgan. What is going to change at the fed . Mike i think not a lot will change, but on the corporate side there are several differences. I think they are both consensus builders. I think you will not see anything extreme out o
A private company, the biggest rocket in the world successfully with the most unusual cargo weve probably ever seen. He sent his car into space. It is headed to mars at this hour after sending back some spectacular pictures. Three, two, one. Reporter now the biggest rocket in the world, Spacexs Falcon heavy, three rockets strapped together launched a new era of American Space travel. Successful separation. Reporter but this was different. The boosters separated and then flew back to earth landing together reusable. And the falcon has landed. Wow. Reporter the center rocket coming back to earth ran out of fuel and slammed into the ocean. It was lost. A setback for the 90 million test flight which needed some cargo, and rather than concrete, spacexs ceo elon musk who also runs the electric Car Company Tesla decided the payload, the weight at the head of the rocket under the skin, would be his electric car, a red roadster. So there it was, a car with a dummy in a space suit exposed to spa
The s p 500 is the worst we have seen since march. A lot of it does have to do with what is happening in health care. Disappointing earnings as well, this morning. Weve got this agreement between amazon, jpmorgan and Berkshire Hathaway to provide Health Insurance for those companys employees those companies employees. It is unclear what the details of this Health Care Plan will look like, what it is putting serious fear into the Health Insurance industry, especially because amazon is involved. As we have seen over the past year or so, every time there is a whisper of amazon getting into a new business, whether it you are talking about groceries or some other business, we have seen stocks in that industry amazon is seen as such a dire competitive threat. Cbs, we also have the various Pharmacy Companies that are falling in todays session. Cbs, walgreens and rite aid are following are falling. Take a look at the bloomberg, because we have seen health care as one of the leading groups in t
Bingo fuel meaning hes almost dry. Youve got allgaunt pilot saying hes funning out of fuel. There will be a window of opening in about 20 minutes for landing. Yeah i dont have 20 minutes. This is 426, roger, and thats unless it is an emergency, there is grand Forks Airport which is 70 miles to the north. Yeah, listen. Were bingo fuel here in about probably three, three to four minutes and i got to come in and land. This is 426, roger. All right. Youll have to like i said declare an emergency for that with the Minneapolis Center and then we would coordinate to get you in. Okay, im going to give them about an another three minutes to see if we can set 3358894. Then ill see if we can get this coordinated prior to i get down to having to do that, ill do that. Thank you for that. This is 426 roger. Your company dispatch should have been aware of this for a number of months. Okay. Yeah. Its just well follow up on that. It was a very calm conversation, phil lebeau between a pilot and an air T
Hour of music when we continue. Jon bon jovi is here this year marks 33rd anniversary of the jovi. Ary rock band bon the group sold more than 130 million record. Played more than 2700 shows. Known for his they are doing something about it. Pleased to be jon bon jovi back at the table. Welcome. Thank you charlie. Charlie 33 years. I know. I earned the agree hair. It comes with the turf. Years. Py to say, 33 charlie whats the secret . Potionpossession to staying in power . Are. Ing true to who you i think its very important. Grows up withat you can remain with you. Those who gotten off the train because life happened. Can come on with certification of those who came you. E charlie to get more of his album in a moment. Change you have to remain truth to who you are. Change. Also have to jon within parameters. Why i use that word truth and to integrity means so much me. I been around long enough and gone. Ve come three generations of boy band gone. Tions have come and rap music come and go