You might say better late than never. Adam that is exactly what i would say. Better late than never but also powell and Richard Clara for the process. There is a reality going back to well before the Global Financial crisis that the phillips curve has been flat. This is a fancy way of saying you can have deviations in inflation deviations in employment to the upside and you do not get that much inflation for it. Then you combine that with the reality we have seen in japan for a long time and in the u. S. And europe for the last 12 to 15 years that when youre too close to zero on your Interest Rate balance, you cannot react as well as you should to policy and adjust policy. Fomc powell and the they unanimously adopted the statement before he spoke what jay powell and the fomc are saying is they are catching up with reality. And jay powell was framing this as we have to be realistic and pragmatic. This is how the economy has changed in our process must reflect the way the economy has cha
the vote to come in. we expect donald trump to be the winner. we are standing by to hear donald trump speak about his victory. we heard from nikki haley a short while ago. here is a little bit of what she said. the other day, donald trump accused me of not providing security at the capitol on january 6. i have long called for mental competency tests for politicians over the age of 75. trump claims he would do better than me in one of those tests. maybe he would. maybe he wouldn t. but if he thinks that, them he should have no problem standing on a debate stage with me. tough words from nikki haley. let s go to kristin holmes. i don t suppose there s any second guessing about trump s campaign strategy to avoid all debates or interviews with anybody that might ask a tough question much the gauntlet has been thrown down by governor haley this evening. reporter: it has. i have no reason to believe that donald trump is going to take her up on that offer. i asked about this n
The tapering should start sooner rather than later. Thats as long as the economy can withstand it. So really, it was no new information. Exactly. And yet the market was all over the map. We want to get reaction about the market, the fed, the state of the economy, from our special cohost, ken langone will join me, and now attorney general eric holder promising significant reaction related to the financial crisis. Well get his take on eliot spitzer, his once nemesis, leading the polls in new york, the comptroller race. Theres a lot of talk about that with the outspoken ken langone. Ken is such a quiet man. Such a quiet man. The market will look for a lifeline from hewlettpackard. Yeah, were not finished yet. We have earnings tonight after the bell from hpq. The stock has been under pressure today but it is still the top dow stock for the year by a mile. Its up about 80 year to date. Well have the important numbers for you when they hit the tape at 4 00 eastern. All right. First, lets che
Already in the works prior to the shoot down. Some have been added in the wake of all of this. The president was considering military retaliatory strike last week, but then called off, saying that the potential loss of iranian lives was not a proportional response. The president says that the imposition of sanctions against irans top leader, the Supreme Leader, is the appropriate thing to do. Listen here. These measures, they are increasingly provocative actions, we will continue to increase pressure on tehran until they abandon these aspirations. At the same time that they slap harsh new sanctions on them, questioning why we are even in the persian gulf at all, treating this morning china gets 91 of its oil from the straight, japan 62 , many other countries likewise. So why are we protecting the shipping lanes for other countries many years for zero compensation. All of these countries should be protecting their own ships on what has always been a dangerous journey. We dont even need
Robert Grossman, MD, has shared plans to retire as CEO of NYU Langone Health and dean of NYU Grossman School of Medicine in New York City after 18 years.