Unfortunately its not all earnings weve got to deal with next week. So whats your game plan . Let me show you mine. Ive been saying that the fed is prepping us right now for a december rate hike, a big reason why this market cant get out of its own way and feels so sloppy. More on that later. Now, fed vice chairman Stanley Fischer will speak monday, and hes been a major rate hike proponent. I bet his new speech will cause this market to get hit. Time hes opened his mouth in 2016. But fischers words will inevitably help some stocks, notably the banks, which benefit from higher rates, and bank of america reports monday morning. The stock has been advancing of late, was up nicely today. Even though its still dirt cheap, i have to wonder if bank of america has gotten ahead of itself thanks to the excellent earnings today from jpmorgan and citigroup. Some terrific pin action in all the banks today. If bank of america gets hit, it might be the perfect way to play that rate hike that does com
We have been following the elections. Reporter this teacher wanted her students to be there. Especially claudia whose parents are both undocumented. To be able to go to citizenship. We have been learning a lot. Reporter and a lot about the diversity in this crowd. Packed with older adults. Ive been waiting for 30 years. Reporter African Americans and muslims. He of united he has united a lot of people. Reporter he registered more attacks against donald trump. Candidate will insult our muslim brothers and sisters. Reporter but the real contest is with Hillary Clinton. Still 10 points ahead in the polls. But numbers have never slowed sanders down and certainly wont in san jose. Being hispanic, a woman and gay, this is a person of all. He has already won in california. California is on board for a political revolution. Thank you. Reporter the crowd clearly loved him. But sanders is going to need that revolution in order to win california. The average in the latest poll shows Bernie Sander
1979 when we had 14 inflation. So thats my tame on it. Amity, please. I would be a little more cautious than steve there and say maybe our problems are monetary, because the prices dont seem to accord with what the government is saying. So, if a certain price is way much higher, and we were told nonetheless we have no inflation, thats confusing. We need another data set. We need another philosophy. In the olden days, your family banks would not have spoken of inflation, they would have spoken of credit or credit tightening. Thats the lexicon of classical economics. Maybe that lexicon works a little better to explain the spongy, bubbly feel of the economy right now. Most of us believe that Federal Reserve policy has a lot to do with the stock market increase, that maybe the companies arent all doing that much better. That its just our next bubble, which means our next pop, our next trouble. And the way out of that is stability in money, even pegging money to something, and we shouldnt b
Afternoon. I am the director from Stanford University we are thrilled to host this event today. I also like to recognize us senator and also thanks for coming out to join us today. Our discussion is titled innovation with u. S. Defense policy. And it will take a deep pocket held unit states has used his defense of the nation and whether that remains a feasible proposition. Once the novel is use of Self Technology satellite command and control is now being challenged by new technologies like cyberand autonomous weapons. With the research and Development Process will u. S. Continued technological dominance . What role the is the private industry play . Our moderator knows both of these well as the former Washington Bureau chief to have from rose seats to the most consequential security events of the last few decades. After retiring from the dr times and also served as secretary board of trustees then veer share but will be a fascinating discussion also to incredible Public Servants the h
The canadian winds and fires seem to ebb. Everybody is concerned about the output and the supply glut. But now, oil is back up. 4 . Peso. S the philippine it is currently higher, versus the u. S. Dollar after we saw the antiestablishment winner in the pack when it comes to the next president and the philippines. Of course, lets get to our bloomberg first world. Reporter thanks Credit Suisse has recorded a second consecutive loss. Of 302ported a net loss million swiss francs. Have predicted a loss of 344 million francs. That comes after a to motorist comes after a tumultuous start to the year. Chinas Consumer Prices continue to rise at a healthy pace in april, but still below the target rate of the government. The inflation gain of 2. 3 was driven by good prices, giving the pboc reason to hold back on another rate reduction. Meanwhile, the Producer Price index narrowed more than expected last month. Fighting poverty will be his top priority as he claims victory in the philippines. His p