Back on social media. She is back on social media. I deserve to get all the crap in the world for this. You are my idol. When did this happen. Can you get kellyevans. The old handle is gone. What happened the addiction . No, we can talk about it later. Well talk about it later. Its a new age. You need a digital presence. I will never have facebook but i have twitter you can almost monetize it. You can. I never have. But when you write your opens he circulates all hes a multimedia you have so many channels. Multimedia. You have all of these channels for delivering your content. I have to figure out how to monetize it though but we have to monetize the next three hours and we want to monetize it for our viewers. Lets tell you whats happening today. Were counting down to a major market event today fed chair jay powell is set to speak at the jackson hole summit at 10 00 a. M. Eastern time and we want to get you ready for that this morning. We have a huge lineup coming up hes going to be jo
2 2 2 2 2. The global remittance market is growing in its latest novel admittance report for 2018 the world bank finds that while the Subsaharan Africa trails of the developing nations its still saw an impressive growth of 10 percent we go live to washington to talk to economists at the well back. Also coming up soon bob was fall from a once a prosperous economy has yet to hit rock bottom but how much worse can it get. And when in rome recycle as the romans do the city is testing new ecology values for trains conscious. Welcome to this is africa i want to get jones and berlin good to have you with us wherever you are right now because we all know of course that the age old saying sounds like home is where the hottest but it appears that home is also where the money goes and money sent by Foreign Workers to their home countries as one of the largest contributors to Economic Growth in the developing world now that according to the world banks global remittance report for 2018 part of the
Marketplace. To help us discuss that this , wethe communicators have two guest. David chavern of the News Media Alliance which represents spapers, and matthew which represents technology and communications firms. When someone goes to a social media site and access news and information and perhaps a news site, is that a boon or a bust to traditional legacy news sites . It is definitely a boon. These Services Provide an extraordinary amount of traffic to traditional news media publishers in the context of a variety of other services. Internet users go to these services not just for news content but also to learn, to get answers, to engage with friends and families, to engage in communications but one service is accessed in his content. Happens, is publishers on the receiving end get extraordinary benefit. These services send upwards of 10 billion users a month to news publisher sites which those sites can then monetize either through their own services or through at networks. Pete if i w
You know what its like. You have twins. Werent they born on the same day . They happened to be born on the same day. I think you mentioned that. You have to gear up for that stuff. You can see right now, a mixed picture for the futures. It looks like the dow futures are up by 26. The dow was up yesterday by 236 points yesterday. The s p was up by more than 1 . It closed at its 17th recordhigh of 2024. Again, it ooh is only march 13 ft. So thats pretty rapid success for all of those new highs. The nasdaq was up by 1. 5 . It reversed two days of declines. This came after the cpi number was a little hotter than anticipated. All in all people looked at it saying housing inflation was coming down to some extent and it with was good news. If you took out treasury yields, they were higher. They jumped on the cpi. The 2 yeee2years at 2. 6 . Alaskan airlines is confirming the plane that lost the door plug was actually scheduled to under go maintenance later that night. I roy. To get straight to
The s p hitting another record high yesterday. The 16th of this year. The s p futures indicated up 12. Dow futures indicated up 27. Nasdaq futures are indicated up, too. This comes after gains for the s p and nasdaq of more than 1 . Pushing both indexes to record highs. Dow closing higher. It was up 130 points yesterday. A lot of this came after what we heard from jay powell. He was speaking again before congress and yesterday he said this is key. Yardeni pointed this out. Powell said we are waiting to become more confident that inflation is moving sustainably at 2 . It will be appropriate to dial back the level of restrictions. That is what the market heard. Not far from it. As a result, you saw treasury yields pull back. The tenyear yield at 4. 07 . The twoyear yield at 4. 49 . It is interesting because it is all based on inflation. We havent even any definitive proof that the economy is going to fall off a cliff. Maybe we can get that today. Maybe he knows something. When he said we