is it the fed s job to minimize the president s trade war? we ve never been here before. right. the fed s job is to keep inflation at its target rate, around 2%. ad to keep unemployment low. to keep people working and keep, you know, prices under control. it s the shock to the american economy, you think of the economy as a car. you ve got the president driving the car into the ditch. the fed essentially has to help steer the car into the ditch. one of the great dilemmas of the trump presidency. yet another bizarre twist in the amazon fire story. a spokesman for brazilian president bolsonaro said the company is open to taking aid. about 24 hours ago, his chief of staff said brazil would reject $20 million in aid from the g7. hours later, bolsonaro denied the claim but laid out some conditions for accepting the aid. satellite data shows the fire s
trade war? we get caught up talks about winners or losers. that s how the president sees it, he constantly says china is losing but there s got to be more to it than saying it, right? seems to think that both sides end up losing in a trade war. this is a comment we hear again and again and again from government leaders across europe and indeed investors whenever we have them on our show here in london. in terms of currency, it s quite interesting, the central bank of china often sets a target rate for the currency. they have done that overnight. it was just slightly below 7 to the dollar. they haven t allowed it to weaken above that level in the past, and when it did over the week, we saw this huge realasct. in response to that, the central bank in china has said that is protectionist and unilateralist behavior. they are not thrilled at that designation. another story we have been
subsidizing a lot of these in unfair trade practices leland: yeah, i know a lot of small business owners though who are just getting hammered by the tariffs because of the inputs. we have this tweet from president trump that the chinese are paying tens of billions of dollars. i don t quite know an economist who tells the truth who agrees with the president on that, because it s not the chinese that are paying the tens of billions of dollars in tariffs. it s u.s. companies. it s the same small companies you talk about. yeah, but, leland, when you look at inflation, we re still even below the core 2% target rate on inflation leland: i wasn t talking about inflation. i was talking about the fact that you re saying small businesses aren t being hurt by these tariffs, and that doesn t appear to be the case. i just don t think it can be a broad statement that all small businesses or even large businesses are being hurt. productivity gains on the other side leland: oh, come on. larg
department in terms of race, religion and background and more. he is expected to call russia a danger to the country. wall street worried about the trade war. now the dow falling 2% after the president threatened of the air strike in syria. the global stocks are down. concern for investors possible escalation and conflict in the middle east is hitting oil prices. the highest level in four years. the fear is destruction of oil output which could mean higher gas prices. it wasn t just local concerns. inflation worries. inflation will rise hitting the target rate in the future. causing the wild swings on wall street. this would hurt u.s. consumers and companies. he hasn t seen any opportunity
behind nolan arenado. he throws the glove at the charging third baseman and the benches clear. five players ejected. suspensions are expected. the rockies energized after the brawl winning 6-4. cnn money. wall street worried about a trade war and now real war. the dow fell 200 points. president trump threatened russia about the air strike in syria. the concern is possible escalation and conflict in the middle east is already raising oil prices. jumping 2% to the highest level in four years. wasn t just geopolitical concerns. inflation. the federal reserve thinks inflation will rise hitting the target rate in the near future. the u.s. job market is strong as we have been telling you. there is one glaring problem. historically high number of worker was part-time jobs, but