Were live in london what happens next. It is the will of the british people will be completely forgotten, the ceasefire is over. The truce between turkey and syria just expiring one hour ago. The latest from the pentagon on that . Mark zuckerberg set to testify on capitol hill tomorrow as new investigation gears up into facebook. A first look what the ceo will tell congress. Connell a lot to talk about with fox Business Team coverage. Gerri willis on floor of the new york stock exchange. Ashley webster in london, Edward Lawrence in capitol hill, Grady Trimble in chicago, Jackie Deangelis reporting from the New York State Supreme Court. But to brexit, not to brexit, ashley, we start with you. Reporter connell, yes, so much for the fast track that Boris Johnson was claiming he could get the eu deal done within the next nine days. He said i would rather dead in a ditch famously. Turns out he will not make that deadline. On a vote of 322308, Lawmakers Said whoa, hold your horses, we cant g
Bankers to meet when the markets arevolatile, trade tensions are heightened, the Global Economy is slowing, theond market i flashing a warning sign, and theres a lot of uncertain over Interest Rate policy. But thats exactly what is happening in h jacksone, wyoming, and the stakes are high. This annual gathering of federal officials is turning into onef the mostanticipated of all, especially given the deep divisions among policymakers. Steve liesman is there. Reporter as the fed gathers in the shaw of the Teton Mountains for the annual jackson holeeeting, the first officials to speak didnt tell the markets what they wanted to hear about the need for deep Interest Rates cs in the months ahead. I didnt think the cut was propriate necessarily but i went along with it to get back to neutral, but my forecast i ju to hold. My sense was weve added accommodation. Right. And it wasnt req in my view. I think were g in aood place relative to the manda were asked to achieve. Reporter the fed presid
Appetite. Alix as you were pointing out, youre not going to see a lot of Movement Ahead of what is going to have any jackson hole. S p futures down by about two tents of 1 . You have utilities making a record high yesterday, so a little bit of risk on the side. You do have dollar u. N. An with its biggest drop yesterday. Time now for global exchange, where we bring you todays market moving news from around the world. Joining us from london is bloombergs emma chandra. From wyoming, Michael Mckee. From sao paulo, julia leite. First, i want to start in europe. Euro area pmis coming in slightly strongerthanexpected. Bloombergs,go to chandra bloombergs emma chandra. Emma we saw the pickup and composite pmi across the area. We also saw in france a return to growth for french menu factoring. The real headlines out of germany were in manufacturing remained in contraction mode is the engine of the european economy is not looking good, fueling those fears of a eightion, shrinking straight months
Value is no longer the main focus of some of americas top business leaders. Hi, everybody im david asman. Thank you for joining me, joining me on on the panel is jonathan hoenig, christina partsinevelos, Gary Kaltbaum and liz peek. So the Business Roundtable is comprised of 200 ceos from major u. S. Businesses dropping the ageold notion that corporations function first and foremost is to serve their shareholders, and maximize profits. Jpmorgan Ceo Jamie Dimon leading the reimaged ideas stating, the American Dream is alive but fray ing, and all is happening amid a growing National Debate about the responsibilities of corporations, so is all this just a pr stunt . This is a terrible move, david. Its really the sanction of a victim and these companies are the victims here. Where is this all coming from here . Not the companies but the leftist professors. This is this whole notion of stakeholder value. Its not the shareholders that own the company. Its the stakeholders who is everyone. Lit
Now a look at the impact of freddie mac and fannie mae on the 2008 housing crisis and the current role in the housing and mortgage markets. The are been institute in washington hosted this one our discussion. [inaudible conversations] the second panel, we have panelists talking about this version of risk. I know the end of the last panel, the first panel they got a little bit of a credit risk so they tried to take our territory, this one is better so everyone should understand that. I will introduce the panelists first. Going from my left to the far left. The Global Mortgage Group in orange capital, and the Vice President have Housing Finance policy and david finkelstein. We start with laurie, through the data on history and development in credit Risk Transfer. It is a job of mentioning, started in 2012 and the idea is to reduce the overall risk of fannie and freddie, reduce the risk to the taxpayer and put private Capital First and basically grew enormously so there was 90 billion of