Nasdaq futures once again up 45 points. The momentum continues for tech. S p 50 down just a fraction after markets rebound yesterday with nasdaq ending the day at another alltime high. This is the fourth record high in the last 5 sessions for the nasdaq with gain of 118 points. The United Airlines could be cutting half of its workforce, half of employees. 2020 presumptive nominee joe biden said to announce economic plan today as Goldman Sachs warning of possible delay of Election Results that could slam markets, all expectations coming up. Plus push to Defund Police, biden says some funding should be redirected from Law Enforcement. Big cities seeing surge in Police Retirements as crime soars across the country, mornings with maria is live right now. Maria Global Markets look like this, the cac quarante is up 5 and dax index in germany higher by 152 points, one and a quarter percent. The government takes action to support an economic recovery with stimulus. In asia overnight green acro
Coming up, inflation shows signs of cooling. The latest data being promising. Jay powell on hold saying the fed is awaiting more evidence before cutting. Investors move on keeping bets for at least one rate cut this year. Can the fed achieve nirvana . U. S. Economy is chugging along pretty well. We have had good health for quite a while. There are thousand things that can go wrong but right now everything is in pretty good shape. It is necessary to make sure we in a fiscally sustainable path. The higher Interest Rate path makes that more difficult. Where it will be in six months, how much of the slowdown we see in the bottom quartile, we have to watch the data carefully. Whenever the worlds person in for a soft landing, it is half that. We have a 2 growth rate. The cost of living in mary areas is very high. It is a concern to americans. There are a lot of Inflationary Forces in front of us that may keep it higher than people expect. . What the fed is doing with the rate structure is ha
Changed by that. Index fort 1. 9 bce 2018, hits the target of 2 in 2020. It doesnt change Interest Rates, the dot plot stays about the same and the median forecast consensus of three may removes next year and two and 2019. Rate ofange terminal 2. 8 . As for todays decision, the members decided an economy growing at a solid pace with solid job growth, as you average through the hurricane related fluctuations. As the forecast shows, they do expect inflation to pick up, though as they said in september and in november, their monitoring inflation developments closely. Instead of expecting it to continue to strengthen somewhat further, the field linguist. The new language expects the labor market to remain strong. Perhaps a little bit of a downgrade in terms of monthly job growth ahead. Dissents, the first time that weve seen dissents in favor of loser policy. The First Time Since 1983. What to make of it all . Not too much. This possibly we will have four new bank policy numbers. They rota
Low. And its projected as the population continues to age in the baby boomers retire that that ratio will continue to rise in an unsustainable fashion. So, the addition to the debt taking what is already a significant problem and making it worse is it is of concern to me, and i think it does suggest that in some future downturn, which could occur just for whatever reason, the amount of fiscal space that would exist for fiscal policy to play an active role it will be limited, it may well be limited. Sam fleming with the financial times. Couple of longer term questions, first of all, midway through the year, hot weather inflation targets might need to be raised. Obviously been a lot more debate and have had systems since then about this it may not be an imminent issue, it may be something the feds may be discussing over the coming years. Some sort of change to the inflation target second of all, the amount of stimulus tools that the fed may have at its expo sal are fairly limited. One of
Trading . And market watchers are focused on washington, where the Federal Reserve begins its two day meeting later. And from royalty to rockstars, well be getting the inside track from the boss of one of britians oldestjewellers, who sell cuff links, watches and rings to the rich and famous. And as toyrus calls in the administrators we want to know, is it another victim of online shopping, and will you miss it on the high street . Let us know, use the hashtag, bbc bizlive. Hello, and welcome to business live. Toyrus is probably the best known specialist toy store in the world. But the us giant has filed for bankruptcy protection because of growing debts, at least partly caused by big changes in the way we all shop. Its not yet clear what it means for the chains future. The company, which has built up more than 1 billionn of debt at its 885 stores in the united states, suffer with more people look to shop online at the likes of amazon or buy toys from supermarkets. There are more than