Certainly has been weakening i know businesses spending on software purchases technology purchases, but do you think now businesses are sitting on cash because of the uncertainty around trade. That is what we hair travel around meet with businesses, farmers are absolutely nervous suffering from low prices you are hearing manufacturers nervous some export nervous about trade wars some nervous about globe environment we know that europe is slowing we know china is slowing so i think there is a general level anxiety that is causing people to pause. What can you tell us about minneapolis are you seeing weakening there i know there was some worry or speculation that maybe Unemployment Rate was ticking up. The minnesota rate kicked up from very low levels i am not hearing businesses saying laying off workers i am hearing caution about how many more they are going to hire, so o i am hoping just noise in the data but something we are paying close attention to is this upcoming week getting anot
Maria he sure did, nearly 50 years later Charles Schwab is still disrupting the Financial Service industry as he did this past week with 0 commission news. We will get to that coming up. The Federal Reserve meeting is into a half weeks and widely expected. The fed will cut rates another quarter of a point, after the september Meeting Minutes were released this week showing a divide on whether or not to cut rates in the near term future. Federal reserve president is with me now, he is not a Voting Member of the fed this year but participate in meetings regarding policy and were happy to have you. I want to ask you, the backdrop of the economy right now, you have said you are happy with what the fed has been doing. But not necessarily sure we need another cut so quickly. Right now the data is mixed. On one hand the u. S. Consumer is still very strong. Most americans have jobs and wages are increasing. Family some money in their pockets and spending. That is good for 70 of the economy, on
Now out of germany. I have my screen here on the bloomberg terminal. We can see the number coming in a little bit better than expected. The business number at 94. 6, the survey was for 94. 5, and that is better than the 94. 3 that was the prior meeting. The expectations worse than expected, this is where we thought we might see the disappointment. Indeed we got it. We were looking for 92 and we got 91. 3. Course lower. This is better than the estimate of 96. 9. But bottom line is the is atations down at 90. 8 disappointing reading. Lets look at what is going on in markets, a little data check, the stoxx 600 is up 0. 2 . It has been up all morning long. We even have the dax showing gains, 0. 1 . The cac is up as well as the. Tse, 0. 2 we see the individual indexes rising. The euro falling a little bit in dollar terms. Down . 48 a barrel. Crude coming down as we see the u. N. General assembly get ready to hear Donald Trumps speech later today. The u. S. 10 year yield also coming down as
Certainly has been weakening i know businesses spending on software purchases technology purchases, but do you think now businesses are sitting on cash because of the uncertainty around trade. That is what we hair travel around meet with businesses, farmers are absolutely nervous suffering from low prices you are hearing manufacturers nervous some export nervous about trade wars some nervous about globe environment we know that europe is slowing we know china is slowing so i think there is a general level anxiety that is causing people to pause. What can you tell us about minneapolis are you seeing weakening there i know there was some worry or speculation that maybe Unemployment Rate was ticking up. The minnesota rate kicked up from very low levels i am not hearing businesses saying laying off workers i am hearing caution about how many more they are going to hire, so o i am hoping just noise in the data but something we are paying close attention to is this upcoming week getting anot
Certainly has been weakening i know businesses spending on software purchases technology purchases, but do you think now businesses are sitting on cash because of the uncertainty around trade. That is what we hair travel around meet with businesses, farmers are absolutely nervous suffering from low prices you are hearing manufacturers nervous some export nervous about trade wars some nervous about globe environment we know that europe is slowing we know china is slowing so i think there is a general level anxiety that is causing people to pause. What can you tell us about minneapolis are you seeing weakening there i know there was some worry or speculation that maybe Unemployment Rate was ticking up. The minnesota rate kicked up from very low levels i am not hearing businesses saying laying off workers i am hearing caution about how many more they are going to hire, so o i am hoping just noise in the data but something we are paying close attention to is this upcoming week getting anot