To raise rates it could increase in inflation. He doesnt conclude that would happen but we need to think about that. He repeats kind of the normal argue amount for raising rates and says f1 policy remains extreme and inflation is close to target. Not strictly endorsing but saying thats the normal argument for why rates should be normalized. Former Federal Reserve chairman ben bernanke out with a blog about negative Interest Rates and says the fed is not out of ammunition but there are signs Monetary Policy is reaching its limits. They include lowering rates but not much to do there. A quarter point. Forward guidance could be powerful. More quantityive easing and negative Interest Rates. What does he say sna that evidence from europe suggests they might be more powerful than had previously been thought and argues anxiety over negative rates could be overdone. Banks could still earn a profit by charging a higher rate than they pay. Bernanke also says negative rates have modest benefits a
Today. Wall bonuses, they could fall even further this year. Well get you details on that. John skully is with us today and says donald trump is a master of perception. However, he says that donald could shift that strategy if he wins the republican nomination for president. John skully will be here live to explain that in a few minutes. We have a michigan one coming up on wednesday. And shake shack, will the chicken shack help the Company Deliver on wall street expectations, well have the Earnings Report after the bell. People love to point out burgers are delicious but stock trades at a high multiple. And playing top 40 for next couple hours here. Lets start with the markets and this rebound in Energy Stocks. Mike santoli has details. We still have that pretty much in place, even though the s p 500 is down marginally on the headline level, the Energy Stocks leading the way and exploration and production stocks up 6 and top stick in the s p was actually at the highs of the day for cru
Points. Stocks now officially negative for the year. Banks, the biggest loser of the day. Now, yesterday we started with the bears and asked them if they were ready to surrender. We start off today with tim as the most bullish voice. Did you buy stocks today . I feel the need to actually establish that what i have been is someone who says i dont think markets are cratering. I think were in a very, very high volatile environment. Which we havent been for the last few weeks, or six weeks. We probably have sideways markets for most of the year. Theres enormous amount of risk out there. Having said all that, im relatively hunkered down here. I think in the last four to five weeks we see where equities have rebounded dramatically. All the detail winds from extreme positioning are now over. The reality of earnings season is upon us. The move today in the japanese yen is disturbing. And theres nothing about this that was orderly. The good news here is i think that offers a fair amount of stab
Commissioner meiberger commissioner paskinjordan commissioner stansbury will not be present we have quorum thank you very much ladies and gentlemen, the first one on the genocide a closed session for item 3 mr. Clerk, call item 3 for me and action item closed session. Any Public Comment . Were going to take Public Comment now before closed session no, no Public Comment okay. Thats because we started on time and our Public Comment didnt get the memo okay. Thats the secret everyone were going to go into closed session. Okay weve come out of closed session he united a vote or need to take a motion not to disclose what weve talked about in closed session so moved well take that without objection. Lets the house rehabilitate that commissioner paskinjordan is not here well take that without objection. The motion passed unanimously thank you, everyone at this time, id like to do something to accommodate the number of folks that are here the pob welcomed id like to have director huhuh irration