Rosengren. And speaking of the fed, yes, there is more. We have an exclusive interview coming up. Loretta mester is the president of the cleveland fed right after the close. Joining us for the hour is charlie with aerial investments. Was this a big sigh of relief after the data from earlier in the week yeah, you know the markets was really nervous about a recession. Thats the conventional wisdom in the market. Theres a lot of evidence that bulls like me keep pointing to that were not, but you can see when we get even a soso number, the markets react very positively Services Growth is slowing and thats the point of contention right now, is does the manufacturing upset bleed into the consumer . And it does, you have a problem. You had a very strong wage growth its not even the fact that unemployment is going down, its that people feel secure in their job. Its a tight job market. People are not worried about losing their job theyre spending more and were still 70 of consumer economy. If t
Thats obviously a recipe for disaster in any long term Property Investor and i say sam zell would tell you this is this is a disaster and of course we have some headlines regarding this is sort of this is the classic mistake of Property Developers and now theyve turned it into a huge market like that we work to open ear companies go we theyve signed the billions and billions of long term leases and the idea is to fill it up with short term tenants and the economy is going under and the company is probably going to go bankrupt and that theyre the biggest leaser in major cities all over the world and it was totally predictable there the number one tenant in london denver new york and i think it was los angeles as major cities around the world they are the number one there if they go under theres going to be huge dislocation and in fact were going to get to that headline from the fed president of boston he talks about that but. Heres a 1st tweet if you wake up on a caster mattress hail a
Xantac, which is well known in the United States, generic zantac, which is well known in the United States, because of potential carcinogens. It is produced by a division of novartis. As you can see, we are seeing a slight reaction in the european version of novartis. Here in the u. S. , the adrs are down that little bit more. Lets get to the other stocks that are moving. There are stocks lower in the s p 500, which has brought the s p down to below 3000. Around 1. 1 g steady lower. Irane getting news that definitely sponsored the attack. That is what the press conference is saying. The 10 year yield, 1. 75 . Fedex the worst performer right in the u. S. After what analysts are calling a dire forecast. Guy the saudi press conference is still ongoing in riyadh. The Defense Ministry announcing that this weekends attacks were unquestionably sponsored by around. Weekends attacks were unquestionably sponsored by iran. Pointing a finger vaguely in the direction of iran at the moment, but we a
Continuing a trend that shows so far, university of michigan sentiment, other surveys were doing okay and things are going okay. In the middle of all of that, you have a report out of fedex saying were not doing okay. Telegraphing problems because of the trade war. The trade war is one of the big reasons why the fed will supposedly move today. It is all in what the fed lays out after it makes its move. The consensus seems to coalesce out of quarterpoint cut to Interest Rates. Would bring overnight lending rate from 1. 75 rate to 2 , from around 2. 25 we are right now. That can jostle wildly. Lets get the read on all of that Charles Payne, thank you for helping out on your world yesterday on fox news. What do you expect first off . 25 basis point rate cut in part because the wall street expects it, to such a degree yeah it is. If you think a trump tweet is tough, wall street selloff of several hundred points. I mean they, they really have the market cornered when it comes to temper tant
A half years after we said this and this is how to buy has failed to make homes more affordable ok lets talk about this for a moment so the government injects a bunch of free money into the Housing Market and prices go up and as a result people find they are less affordable so the government puts in more free money to help people buy these on a form which as the effect of moving the price of the homes up again. So its not that people can afford houses thats not the problem the problem is that the central bank the bank of england and the banks in the u. K. Keep injecting lots of. Bailouts for Home Builders and the banks that support the mortgages and the homebuilders thats causing the prices to go up thats now it also has a corollary effect and that would be a moral hazard because people who buy into these homes and they keep the price keeps going higher because the bank printing money they then use it as an automatic teller machine and they dont work anymore and we know weve lived in l