Level thats needed to provide for new entrants in the labor market, we do have a strengthening economy. With policy accommodative all youre doing in raising rates is removing a bit of accommodation heading toward a neutral pace. And i see that is appropriate. Were not moving so aggressively as to put a break on continued improvement in the labor market. But i think that thats a prudent move to move in a gradual way with unemployment now. And not only the Unemployment Rate, but i think any indicator of labor Market Performance and tightness that you could look at whether its household perceptions of the availability of jobs, difficulty that firms report in hiring workers, the rate at which workers are quitting their jobs, the rate of job openings all of these indicators do signal a tight labor market. Now, with inflation below 2 , i think its appropriate that the labor market be that tight but on the other hand, i think we want to avoid the risk. We want to keep the expansion on sustain
Since may. Nasdaq is down for six out of the last eight sessions. Youre talking about elevated levels for all of these indices. The nasdaq is still above 6,000. Dow is at 21,320 again, you can see things actually picking up as we sit here talking about it. Dow futures indicated up by 8 points keep talking. Here are the big stories were watching the manager of the worlds Biggest Hedge Fund sounding off on Monetary Policy ray dalio says the actions of Global Central Bankers suggests the low rate cycle is ending soon he said our responsibility now is to keep dancing but closer to the exit and with a sharp eye on the tea leaves you remember the last time somebody talked about dancing. That bugs me. Dalio said he was less concerned about a debt bubble because of Balance Sheet deleveraging. The department of Homeland Security and fbi says hackers are targeting Nuclear Power stayings and other Energy Facilities the attacks have targeted people who have direct access to Critical Systems that c
Europe. Bloombergng, this is surveillance. These tech stocks are on the move. That is filtering through to what we are im looking at suppliers over in asia. There are definitely gains on the index, but also here in europe. We do have an opec meeting on august 7 so that is your quick market check. Donald trump was involved in crafting a meeting with a russian lawyer. It provides an account made by the president s own lawyer to exterior. U. S. Senate has confirmed Christopher Wray as a new director of the fbi. Theas vowed to defend organizations independence. Bank shifting about 4000 jobs. The bank will transfer most of its possessions from paper to berlin. Bank official declines. Thestors in venezuela riskiest bonds are the in the world. France annually have failed to find common ground. ,ccording to person familiar italy did not budge. Negotiations im ready to come back to rome in september to try to achieve an agreement before the onting of the head of states 27th of this is bloomberg
Ftse up over 1 . Finally quick look at the dollar maybe thats moving some of this euro dollar, 1. 18. 1. 18. Remember earlier this year, it will be below parody, 94 cents it shot completely the other direction. Yes amazing frt dont belie dont believe what you read what youre seeing here is true. These newspapers so problematic. Speaking of stories, the big ones today, a major storm gath eari gatherring strength in the gulf of mexico. Harvey was upgraded to a Tropical Storm overnight crude oil prices, lets see, down a little bit. Wti crude just over 48 bucks its been sitting out the rally in metals. Federal regulators say they dont plan to block amazons 1 billion deal to buy whole foods. The ftc making that announcement hours after suhareholders approved the merger. Uber reported a lost of 6 65 million, 9 smaller than the 708 million loss in quarter one. Hpe Ceo Meg Whitman is standing by her statement that she will not be the next uber ceo she said nothing has changed since her series
That caucus dissension from christian forms, pushing up gilt yields. Lets take a look at the 10year yields. These markets are opening now as well. Were looking like we are up one basis point on the 10year yield. We are seeing 10year yields move higher in france and germany as well. The frenchgerman spread widening ever so slightly. 10year gilt yield, 1. 26 present. Looking at the stoxx 600, who cite close at its highest since december 2015 yesterday. Euro stoxx 50 volatility dropped the most on record. 600, bit ofhe stoxx a softer open on the benchmark overall. In terms of Industry Groups, taking a look at the map, were seeing a bit more red here. Materials stocks leading the losses, down 0. 4 , followed by energy. These two Industry Groups were leading the gains yesterday. Financials doing pretty well, up 0. 3 . I talked about volatility. I want to show you this great chart. Futuresril versus may and then youve got this bnp paribas Political Risk index. The last reading for that bnp i