Correspondent in new york jose luis to horo was a good to see there so say everyone everyones watching germany here why is everyone watching germany why are investors so interested in german fiscal policy. Well stephen as you mention even germany implements any kind of a stimulus that may have a recession or an economy get sick nation at a time that investors are you hearing wall street see a growing Financial Vulnerability of german households and Companies Germany is the biggest economy in europe and even if the European Central bank will probably implement a fresh set of the stimulus its in fact may be limited sense we are already close to that effect of lower bound of Monetary Policy so the possibility of a push from a Different School side makes it markets to believe that the current downturn in germany will not morph into a long lasting crisis actually it could also help all the European Countries and lets not forget that the e. U. Is a key partner of the u. S. Actually the u. S.
China. The administration is demanding meaningful reforms. Stockpiles continue to shrink. This could lead to rising tension in the gulf. Shery a quick check of the market close. We saw the s p 500 for the most since may. It was already a pretty fragile session for the market. Tensions. Opolitical then we heard from Jerome Powell and also the st. Louis fed president. Investors did not like what they heard. Check and communication stocks are leading the decline. We are also seeing the nasdaq down 1. 5 . U. S. Futures are not doing much. Lets see how the markets are shaping up. Sophie were looking at a tenuous beginning. These are nudging higher. The yen is looking study. Study. Eady. Steady. Goldman is seeing the silver lining, raising korea and taiwan to market rate. Australia onowered Bank Earnings risks. Stocks are nudging higher. This is head of the argan decision. We are seeing 10 year yield holding steady. The goal rally is taking a bit of a breather. Paul lets check on the first w
There is no need to panic but is he really right . Billionaire tom steyer making it official, he is in the 2020 race after all, but could his billions lead to a backlash from democrats . After all remember what happened to the guy who founded starbucks . Stocks sliding as investors fear that maybe rate cuts are not a gimme or certainly as generous those rate cuts were thought to be a little more than a few days ago. Gerri willis at the New York Stock Exchange on what has investors spooked. Gerri . Reporter really, neil, a ralph of investor worries pushed down stocks this morning. The biggest concern the fed cuts rates at its july meeting. Jerome powell may give hints when he speaks to congress tom. Strong economic numbers created worry that the fed will back off a rate cut. Fed funds futures pricing in one rate cut later this month. Chances after quarter point rate cut . 93 . Tensions with iran taking a toll as iran threatens to extend the breaches of enriching uranium set out in that
Welcome todays counsel on international economics. Im neil irwin at the New York Times and author of a new book called health when in a winner take world and i preside over todays discussion. Great honor to have Jerome H Powell with us today and the 16th person to chair the board of governors at the Federal Reserve system and joins us today for the World Economy and previously he was a fed governor that he worked in Bipartisan Policy Center and u. S. Treasury department and we begin with a few remarks by german powell. [applause] thank you, neil. Good afternoon. Its a pleasure to be here today so i will begin with a Progress Report on broad public review by the Federal Reserve colleagues and i are conducting of the strategy, tools and mediation practices we use to achieve the objectives congress has assigned to us by law i will discuss the outlook for the u. S. Economy and Monetary Policy and i look forward to our discussion that will follow. During our public review we are seeking per
Policies. He spoke at an event hosted by the council on Foreign Relations in new york city. This is one hour. Good afternoon. Welcome todays counsel on international economics. Im neil irwin at the New York Times and author of a new book called health when in a winner take world and i preside over todays discussion. Great honor to have Jerome H Powell with us today and the 16th person to chair the board of governors at the Federal Reserve system and joins us today for the World Economy and previously he was a fed governor that he worked in Bipartisan Policy Center and u. S. Treasury department and we begin with a few remarks by german powell. [applause] thank you, neil. Good afternoon. Its a pleasure to be here today so i will begin with a Progress Report on broad public review by the Federal Reserve colleagues and i are conducting of the strategy, tools and mediation practices we use to achieve the objectives congress has assigned to us by law i will discuss the outlook for the u. S.