The United States. And Federal Reserve chairman Jerome Powell also drawing the ire of the president today, failing to respond to chinas retaliatory tariffs, leaving the president to wonder if powell or chinese president xi jinping were the big earnmy bigger enemy. For the latest, we turn to edward lawrence. Federal reserve chairman powell says the fed will act as appropriate to sustain economic expansion. Having said that, trade uncertainty has come to the forefront here at jackson hole. A good part of the speech today focused how theres no precedent to integrate trade uncertainty into monetary policy. The speech laid the groundwork for a rate cut in september, pointing to global shocks, like whats happening in hong kong, germany, china, the economy slowing down and brexit. The speech did not indicate a long series of rate cuts and that set off the president on twitter. It started with the president saying we have a strong dollar and a weak fed. He ended up asking who is the bigger ene
President trump commenting on negotiations yesterday at the white house. They are also meeting, it actually be done before our meeting, i think we have a good chance of making a deal. I think they want to make a deal, they are losing, Many Companies are leaving because of tariffs, they dont want to pay tariffs. Dagen european trade going down on a different path, 4 billion in trade value, pasta, cheese, whiskey, metals and chemicals. Fixed Income Portfolio jack mcintyre, good to see you as always, what to make you look at fixed income, you look at the bond market, 10year close to 2 but the s p at new alltime high, who is right, because the fixed income market treasuries say slow do you know slowdown ahead . Believe it or not, they both can be right. For that to happen you need noninflationary growth because thats whats driving the fixedincome markets, obviously whats driving equity is the idea that hey, the fed is going to cut maybe 50 this month and weve got some growth, so as long as
friday night in dixie. time to have some fun. anything goes until the radios r tearooster crows and we see tt southern sun. we re going to party down to that country sound. you know what i m talking about. cheryl: it is friday night somewhere anyway. welcome to fbn: a.m. and good morning, i m cheryl casone. lauren: happy friday. good morning, i m lauren simonetti. cheryl: let s take a look at how your money is moving on this friday, after all three major indices hit all-time records last night, a little bit of pressure this morning. dow down 90 points in the premarket, s&p down 9 and-a-half, nasdaq down 39 and-a-half. we re waiting on the january jobs report. lauren: let s take a look at the close in asia this friday, basically a sea of red here. the kospi in south korea losing three quarters of 1%. shanghai composite gaining a third of 1%. we re waiting key trade data out of china for the month of january. cheryl: let s take a look at europe. it s been a global m
Deliver or not. Mark . Charles, good afternoon. Motherry christmas. Right now congress is trying to figure out how serious to take the president s demand that he wants to increase the amount of money that would be in the stimulus checks from 600 up to 2,000. Thats what theyre trying to figure out. Today the drama was focused on what was happening on the house floor as republicans refused to go with the plan to increase that amount despite pleas from the democrats and republicans to do that. This will start again monday with a roll call vote. Democrats are imploring the president to wait to ensure that relief is sent out. This is Christmas Eve. Surely the president of the United States, whether hes in maralargo or anyplace else ought to empathize with the pain and suffering and apprehension and deep angst that the American People are feeling this Christmas Eve. Sign this bill. The president arrived in south florida last night. He didnt speak with reporters and has not talked with report
This is separate from the 1. 9 trillion stimulus plan that already has at least one key democrat balking. First, lets get the very, very latest from Mark Meredith at the white house right now. Same house, different occupant, i guess. Reporter neil, were still here also. President biden getting right to work this week signing multiple executive orders focused on a number of different issues from the environment to immigration policies as well as the my. On friday the president having a chance to sign two executive orders he says he hopes will focus on helping americans that are still struggling during this pandemic, one on increasing federal Food Assistance for low income americans, the other on developing ways to increase the minimum wage up to 15 an hour. The president says these executive orders are not going to be enough alone, he wants congress to pass that 1. 9 trillion stimulus package. On the covid19 package that passed in december as a first step, as i said at the time, its jus