Services committee and how the markets may react. Then we will talk a bit about this try yant stake in our Parent Company comcast, what is the behind the thinking at triant and what if anything may owe dur as a result. Teslas battery day, where that stock is trying to recover this morning after yet another tweet from elon musk which is part of the discussion today, jim. Whether or not hes setting expectations in a different way saying that some of this high volume production is a phenomenon still a couple years away. Hes giving us an underpromise, overdeliver, i think, which is highly unlike him, but it could make more a little more pizzazz. Theres been so much talk about battery day, maybe he lowers expectations an blow them out. People come out and want to buy tesla, want to buy amazon, positive notes about apple, positive note about facebook its just become the pattern youre waiting and waiting for when the selling is over and then, david, they cannot resist. Theyre down 15 and 17 p
Moderately above 2 inflation, moderately is what it says in the statement but does not define exactly what moderately means. There are two centers to this action, Robert Kaplan wants to see the statement to the way it was pretty wants to statement to read the economy or stance will remain the same until the economy has weathered the storm and the economic storm we have here. Well cash on the other side dissented because he wants more dovish language in this. On implement rates, statistics are very interesting here. They have reduced now the planet rates rates and estimation of this year to 7. 6 by the end of 2020 grid that is down from 9. 3 from their june projection and then also 5. 5 from on a plummet rates in 2021, 4. 6 and 2022 and 4 in 2023. The real gdp prediction cut in half for the losses they are paired they are now saying its a loss of 3. 7 at the end of this year with a bounce back of 4 next year. The inflation, fed estimates that pce inflation is 1. 2 this year up from 1. 7
It also says it will purchase additional treasury assets as part of an accommodative policy. It repeat language from previous statements, where it sol it will use the full range of tools to support the economy the statement says weak demand and oil prices are holding down inflation, but the path principally depends on the virus. It says it poses considerable risk to the mediumterm outlook. There were two dissets, from the dallas and minneapolis fed, differences in what they wanted. Capellan wanted more flexibility. Let me tell you about the outlook for gdp. They actually dramatically well, they were looking for a 6. 5 gdp decline, now looking for a 397 decline they were looking for nine and change, now looking for 7. 6. Ill go directly to the actual table here and put my glasses on, and tell you what it says here inflation they have upgraded from 0. 8 to 1 mounta. 2 there it is, folks the path of policy 0. 1 for 2020, 0. 1 for 2021 0. 1 for 2022, and drumroll, please, 0. 1 for 2023 the
What makes for history. Is so strong. We celebrate the 30th anniversary of the. October 3rd d. W. The Federal Reserve lets it happen with the worlds most powerful Central Bank Says its prepared to leave the Interest Rates close to 0 until 2023. And as the issues climate goals become more ambitious the dialer unveils its Hydrogen Powered trucks but is the tax ready to go. This is business im joined now the lot on in berlin thank you very much for joining us. The u. S. Federal reserve is keeping its benchmark Interest Rate close to 0 for the next few years as it tries to jumpstart the economy and drive down the Unemployment Rate the fed also says the rate will stay where it is until inflation exceeds above 2 percent and wouldnt actually. In washington Federal Reserve chair Jerome Powell expressed concern about the economy he cannot make activity has picked up from its depressed 2nd quarter level when much of the economy was shut down to stem the spread of the virus with the reopening of
Her vision for the future of the e. U. And her 1st state of the union address. Plus guilty of corruption the former head of world athletics is sentenced to 2 years in jail following a doping scandal his lawyers say the course has made him a scapegoat. Im here for the most unwelcome we sat here in germany where police have launched raids against some of they call it officers suspected of trading new nazi images and private online chat groups 29 Police Officers in the german state of north rhinewestphalia has been suspended 11 now under criminal investigation images shared pictures of and nazi symbols such as swastika and this is not the 1st time germany Security Forces have been at the center of a scandal involving fall right extremism. By this grace and a slap in the face for germanys Police Forces thats what the interior minister in north rhinewestphalia called the discovery of czech content in which 29 Police Officers shared right wing extremist material. Including for example pictur