Some fears over china trade. Retail sails topped expectations in october, climbing by 0. 3 and oil pointed to surging Global Demand in the quarter. Joining us is lindsey bell thanks for joining us. Good afternoon. We mentioned on track for three record alltime closing highs at the moment and also on track for the sixth week in a row of gains for the s p thats a remarkable run. It is absolutely a remarkable run and theres a few things that have gotten us here we have more clarity on the fed. Theyve cut for the third time and theyre willing to maintain the stance where they are right now, keeping rates where they are. The Third Quarter earnings season was very good and weve seen an easing of trade tensions while theres a little bit of uncertainty there, that could rattle the markets going into the end of the year. All things understood, the economic environment though does still feel pretty good. Lets focus on the big stories we are watching today. Kayla has details on those china trade
A parlor export has boomed in recent years but workers are not satisfied with the new minimum wage set by the government last year president trade war with china is turning out to be a blessing for bangladeshs Garment Industry which has benefited from a rise in demand for its good but on a recent study 91 percent of the workers said their income is not enough to feed themselves and their families there has been criticism from the Workers Union and n. G. O. S that the rise in export benefit only the factory owners and International Buyers not the workers gloppy part of being a garment worker lives with her family in a small one room quarter she struggles with her Monthly Expenses without her husbands income it would be hard for the family to get by. On a lot of this its still very difficult for us i have to spend a considerable amount for my Childrens School fees and other expenses like medicine food rent and so on although the countrys government export to the u. S. Market grew in rece
Repeatedly pointed to the period during the late 1990s, when the fed cut rates multiple times at consecutive meetings, but not for an extended period of time he said that experience was successful but, of course, policy is not on a preset course. On the other hand a couple officials at the meeting and in the minutes, argued for a bigger rate cut of 50 basis points. And possibly even guidance now, throughout the meeting, there were references to trade tensions and there was this gnawing concern that the uncertainty has been weighing on Business Investment and manufacturing, could lead to a slowdown in hiring, and that could ultimately end up hitting the consumer on this volatility and the repo markets. The fed had a discussion about that, there were staff presentations about it, but the fed ultimately just agreed on the need to discuss the appropriate level of reserves in the future back over to you thank you very much essentially we are unchanged right now, still up 27 points. Bank sto
Well, like clockwork. Now we can measure the amount of oxygen in the blood, and also read the tissue for dinner. Yes, you wrote that the temperature is 39 people. Yes, yes, well, Something Like this, yes, then tissues that will quickly decompose and selfdestruct tissues that will change color or fabrics that do not require washing, they are selfcleaning. Well, there are a lot of things being invented. And as a rule, many trends begin with fabrics, and the designer is already picking up these technologies. I heard that technologies for fabrics that change their color have already been actively introduced. E depending on the presence or absence of sunlight. There are such yes already, yes, and you are planning to use something similar in your collections, risky. History as soon as it becomes available while all new technology is very expensive. For example, we wanted to use, a in our second line, b dreamsy fabrics, a dyed with fruit and vegetable peels, but these fabrics are four times m
Interesting time and we just had jackson paul and had secondquarter gdp numbers looking better and that is great but, of course, from the human and social perspective its an unfortunate time in our sympathies and prayers go with those in houston for Hurricane Harvey in the terrible damage that was listed there. Im sure your comments about some of that later on of the street into it. We will talk about the us economy and then i will migrate into the Global Economy and then Monetary Policy. Lets talk probably about us economy and where do we stand and what is the outlook for the next threefive years. The First Quarter gdp was one point to percent in the Second Quarter was about 3 in our own forecasted in dallas was for the year 2017 the us economy should grow approximately two and a quarter percent. Not great by historical standards but certainly sufficient in our view to further take slack out of the labor market and likely drive down the other rings and other measures of employment sla