Of that in about an hour. Apple is sometimes seen as a proxy on consumer spending, entertainment, computer, mass mutual fund reflecting how we all feel and our appetite to buy stuff. Some of this stuff were told could be very, very pricey. Depending how it all lays out, when tim cook makes the announcement, well have a good idea how much americans are willing to fork over if it gets you know, pricey. But again this is not really been a problem for apple in the past, as you have been hearing here. It is the most widelyheld stock on the entire planet. Just amazing. But, all eyes on amy barrett in washington right now, the judiciary committee, taking up her confirmation process to get on the Supreme Court as an associate justice but not without a lot of talking. Not so much on her part, on the questioners part. There are 22 senators, 12 republicans, 10 democrats who have been allocated 30 minutes to ask their questions. That works out to about 11 hours of questions and at the pace theyre
Willis, white house positions saying the president can work on erected without disruption, he is continuing to do that, the president of first lady seen mild symptoms from the coronavirus, today a flurry of phone calls from the residence of the white house behind me too a number of folks because the president is continuing his or workload, this morning the president spoke with Mitch Mcconnell and also chief of staff mark matos focused on the job. I think the good thing about this president , not only is he staying committed to working very hard on behalf of the American People, his first question to me this morning is how the economy is doing, how are the stimulus talks going on capitol hill. A lot of communication back and forth with the next stimulus talks, the next Coronavirus Relief package between treasury secretary Steven Mnuchin and House Speaker nancy pelosi speaking for 60 minutes, management testing negative along with other cabinet members. A source tells me because of my ne
Certainly through the channel i mentioned. Thank you. Thanks for taking my question. Chairman powell, [ inaudible ] to the policy framework, is the fed open to other measures of the economy such as income inequality and affordability of housing . So we monitor everything we think is important in the u. S. Economy and in a broad sense, all of it goes into thinking about Monetary Policy. You mentioned inequality. You know, disparities in income and in Financial Wellbeing by various demographic and racial categories, something we monitor carefully, inequality which i would point to its a multifaceted thing but i would point to the relative stagnation of incomes for people at the lower end of the income spectrum and also lower mobility. So those are things that hold back our economy. They are. The thing is, we dont really have the tools to address those. We have Interest Rates and Bank Supervision and Financial Stability policy and things like that, but we cant get at those things through
Why not, with the latest. Reporter why not. You heard it there, zero Interest Rates basically until through 2023. The Federal Reserve in their Committee Statement saying that they will maintain the accommodative stance until monetary policy, until their goals are achieved in the monetary policy. The Federal Reserve aims to have inflation moderately above 2 . To reach the two target a period of time. This is what chairman jay powell said what is moderate and for how long. Listen. We want to achieve inflation that averages 2 over time and if we do that, Inflation Expectations will be right at 2 and that will help us achieve 2 inflation over time and avoid the situation where the central bank loses its ability to support the economy. Reporter he would not define what moderate was, for how long. Powell fiercely defended Forward Guidance on rates being zero. The fed also made their economic projections, they revised it up. Unemployment rate 7. 6 . 9. 6 in june they thought. End of this year
Men arguing before congress that the country needs more stimulus money to battle the coronavirus. Wait until you hear who and which industries fed chair Jerome Powell and treasury secretary Steven Mnuchin say need it the most. We will have a live report from d. C. We are 90 minutes away from teslas ceo elon musks big reveal. It comes at his shareholder and battery day event. We have a bull bear debate ready on musks latest brainchild and his argument for the death of the internal combustion engine. Plus the one thing ceos never want to hear. Nelson peltz is on the line, the famed activist investor formerly taking aim at comcast, he thinks the Parent Company of nbc, peacock and universal, is undervalued. We are bringing in former ceo of at t broadband. The cable industry legend weighs in on that, whether sports on cable is dying and his latest spac investment. He was early on the spac train. Is it a National Security threat or just business . The confusion now swirling like a tornado ov