Historically it may end up being more and more of an an oration that his experience was the whole yield curve Interest Rate environment. We had a misery index back then where you add unemployment and inflation together. It was up in the low 20s. We may never see that again i hope we never see that again unless we do if we do, that means something is very wrong. A man and his moment can you imagine a fed being so taking really the world on in terms of im going to break the back of inflation, i dont care what happens to go to 21. 5 on the prime. What year is it now, 2019. He dies at a pretty old age. 92 years old. 92 years old and struggling to get to 2 because he harnessed or vanquished it so effectively when he did. He will be remembered. He was a very tall man and nice man. I know you spent some time with him. He was on the show a lot he was. The same day, you are dealing with cookie monster or what was it, oscar the grouch you are oscar the grouch. The puppetear behind big bird passe
Well bring all the names that you should have in your portfolio. All that and so much more on making money. Charles well, love him or hate him President Trump went to the new York Economic Club in 2016 and outlined his trade strategy. He did not minutes words. He promised quote, to use every tool under american and International Law to end trade abuses by foreign countries. He promised to stay out of the Transpacific Partnership and rip up and replace nafta. President trump has done all of those things. While experts speak in generalities about the harm of tariffs in theory, in practice the biggest hit to the u. S. Economy may be the large american corporations who are withholding investments ostensibly out of trade policy confusion but perhaps to trigger enough economic pressure to stop any additional assault on their bottom lines. To be fair a lot of businesses are doing what businesses do, they have adjusted. Now it is premature for President Trump to take a complete victory lap but
Job. Homefront, couldnt see this negatively if you wanted to. Its positive for the week on this news as well. The leaders on the dow, let me remind you every dow component is in a positive territory today but the leaders are called me and chevron. Give me a sense of the broad range of this rally. We are taking a look at old prices being lower, it makes sense safety trade today, it moves into equity. Traders think it will hold so dont look for gold to rebound anytime soon. Check out what we saw in the dollar index all week and the spike today after the jobs report. One of the positive pieces in their for the revisions we saw for september and october. 14000 in september, 284,000 jobs and reported in october. You combined that with an added 41000. Those revisions are very important because it shows we are not even getting the true sense of whats going on here in terms of positivity. Thank you. Investors are watching their race against the clock and some of the major deadlines are closing
Weak. In the two statements two fed precedents dissented, kansas city president Esther George and boston president rosengren dissented that is the third time they both dissented. Jim bullard did not dissent on decision. He thinks this is where the fed needs to be with the 25 basis point cut. He believes this is enough. He wanted since last meeting, he want ad 50 basis point cut. This time he got the level he believes. Fed lowered rate on excess reserves to accompany rate cut is 1. 55 . The big news, the Federal Reserve cutting the federal funds rate quarter of a point but signaling a pause for future rate cuts, changing act as apappropriate to assess going forward. Charles edward, thank you. Here to discuss key words and phrases from powell to be impact on this market, former dallas fed advisor Danielle Dimartino booth, paul schatz and former Jpmorgan Chase chief economist anthony chen. We have Katherine Rooney vera. I have to start with you, danielle. The dow is up four points. We wer
Money. Iran is denying responsibility for the Saudi Arabian oil field attack that disrupted 5 of the worlds daily oil supply, sending oil prices sharply higher. President trump tweeting, remember when iran shot down the drone saying it was in their airspace, it was nowhere close. They stuck strongly to the story knowing it was a very big lie. They say they had nothing to do with the attack on saudi arabia. Well see. After last night saying that the u. S. Has quote, reason to believe we know the culprit and are locked and loaded depending upon verification. Secretary of state mike pompeo calling our allies to hold iran accountable but just now how much International Support have we gotten despite this brazen attack . I want to bring in fox news security analyst walid phares to bring it down. Geopolitical implications since saturdays oil field strikes. Where do we go from here if indeed iran is responsible . Iranians made a very clearly know they intend on doing so. Remember when we shut