Afraid to take your issue seriously. You are never too young to have an opinion so that your voice be heard now. For more information go to our website, studentcam. Org. Welcome to todays conference on Intelligence Surveillance reconnaissance and targeting. This part of the series conducted by Hudson Institution for american seapower. Im seth cropsey, senior fellow here at hudson, and also director of the center for american seapower. I hope that you have monograph the subject of our discussion today, and if you do not, i believe that we still have copies out at the front desk, so by all means pick up a copy on your way out. We are very fortunate to have with us today bryan mcgrath, this man, my friend and coauthor of the monograph was also a retired naval officer, formerly Deputy Director of hudson sector for american seapower, a prolific writer and also managing director of the Ferrybridge Group which is National Security and defense consultancy. Its also a pleasure to welcome david
Leading the fight to tame the doubledigit inflation that he inherited as chair, thus laying the foundation for the prosperity and price stability we enjoy today. But what is perhaps most admirable about him more than his many accomplishmentswas his character. He believed that there is no higher calling than public service, and he dedicated the lions share of his life to it. With courage, integrity, and tenacity, he always pursued the policies that he believed would ultimately benefit all americans. My colleagues and i continue to draw inspiration from his example. Turning to todays meeting, my colleagues and i decided to leave our policy rate unchanged, after lowering it a total of 3 4 of a percentage point at the previous three meetings. As always, we base our decisions on judgment of how best to achieve the goals congress has given us maximum employment and price stability. Our Economic Outlook remains a favorable one despite Global Developments and ongoing risks. With our decisions
Slowing Global Growth. There were a couple of officials felt it was a close call. Besides casey, president esther george, and bostons rosengren, appears those two were only dissenters. They were in favor of a rate cut last meeting. Several thought cutting rate would better align the fed fund rate with the yield curve. Officials saw trade tensions easing somewhat last meeting, they still view trade tensions, slowing Global Growth as prominent risks to the outlook. They are monitoring those carefully. They expect to continue to weighing on manufacturing, Business Investment. Theyre watching to see whether that spills into the job market and whether that can hurt consumer spending. Speaking of the job market. There was robust discussion on that. Officials were talking about whether the pace and slowdown of the job market is a sort of a natural occurrence that could relate to full employment or whether it is because there is a loss in momentum. Also on a note, very interestingly, fed Offic
With beijing and washington talks. We are waiting for had for that. The hang seng raising some of the losses we have seen. Mckay up three quarters of 1 . Asx, which has had a rough time of it. Up 6 10 of 1 . A bad day for manila. David yesterday, we were down 1 that is standing on the screens. Rishaad lets have a look at some of the other asset classes. This is a position we have had. Nickel has had a torrid time should it has entered a bear market. 20 down since the beginning part of september. Prices may snap back next year if the conditions start to reemerge. A bit of a loose side of things that has driven things downward. Investors have continued to grapple with the uncertainty of trade. Lets have a look at what is going with the australian dollar. Just up a fraction at the moment. We had the commonwealth of australias pi numbers. Inwed manufacturing contractor he services. Picture,t the crude . 25 toks at 20 the barrel. The 10 year yield on the japanese bonds. The are yielding eig
Comments and opec slashing its outlook for oil deman as it warns for chat evenings of the Market Worldwide exchange begins right now. Good morning, im dominic chu in for Brian Sullivan today. All three indices in the u. S. Look posed to open with new record highs this morning. You can see those moves are starting to add some gains the dow jones will open by about 62, the s p about 7 and the nasdaq about 27 overall. Movement in the yield side as well a slight tick higher in the 10year note 1. 8 and the twoyear at 1. 60 about 22 basis points separate those two. Looking at asia, it was a positive trade very much green across the screen weve seen the positivity carried there as well. Weve seen the german dax up and the ftse 100 and the spain down by 35. Turning back to the top headline driving markets. China is moving the u. S. To move more tariffs as part of this phase one trade deal the deal is widely expected the u. S. Pledge to nix tariffs on about 156 billion worth of chinese imports.