These are the markets. A little bit of a lift, and a lot of focus on tray concerns between the u. S. And china. A letter concerns with turkey and possible sanctions. Overall, there is optimism about fed policy and when it comes to brexit. 26 and there seems to be hope on the market. It will be difficult on brexit by the end of the week. Thursday and friday is the allimportant eu summit in brussels. Wirecard under extreme pressure. Aumping this morning after ofry accuses the Company Total nonsense. The share price is down 15 . We will speak to the nobel prizewinning economist who won yesterday, Michael Kremer. Time, a london conversation with James Bullard. Brexit. Gan with the eu chief negotiator Michel Barnier saying a deal is possible this week, after the telegraph reported a mood of cautious optimism. The leader of thin land who says there isnd not enough time to reach a deal before thursday. In hong kong chief executive carrie lam denied the city is a police state. She repeated vio
About chinas economic challenges, calling the country a ticking time bomb. Lets begin with the markets on this final trading day of the week as investors digest todays ppi number interesting, sara. I mean, 0. 1 is not that dramatic we had a negative revision, but coming off the stellar reception to cpi yesterday, maybe it looks a little bit worse yeah, after a zero percent in june, you dont want to see it tick up to 0. 3 in july, which is what we got, and we know Producer Prices are wholesale prices that feed in, so maybe a little deemphasized because we already got the cpi read but you just dont want to traders, investors are on guard for inflation to hook back up. Right . Like, we hope people are hoping that the inflation data, which has shown moderated inflation, been celebrated as good news, will take us down to the 2 target and the feds work is done, but theres a chance that, look, it could be sticky we still see a really tight labor market where wages are rising we see Oil Prices
[applause] all the people who were here some 60 years ago know that is the case. too much civility is absent today. consider the level of vitriol in the political discourse that exists in government today, and even in the halls of congress. i cannot emphasize enough the importance of the relationship between him and the vice chairman. welcome to tennessee. [laughter] [applause] they made a pact in the beginning that this would be a nonpartisan hearing. the sole purpose of which was to uncover the truth. it is hard to imagine this happening today, because it required level heads and plain old-fashioned civility. they proved a congressional committee devoid of malice and political bias could fulfill its function of informing the public and then propose legislation that would prevent this egregious scandal from ever happening again. they knew only a well-functioning separation of powers could ensure democracy and our great country for generations. today we commemorate the 50th
boosted the gdp forecast, this is the average or median forecast for all fed 0 fofficia to 6.5%. talking about the famous dotds, where are the fed officials coming to the rates? four officials see 2022 rate hikes up one from the december projection seven officials see 2023 rate hikes up from 5 but still no change in the median because only a small number continue to call for those rates get to the statement now the fed saying or new change in the statement that economic and employment indicators have turned up recently though sectors affected by the pandemic have remained weak and sees inflation below the 2% target and using the boilerplate language from prior statements committed to using the full rang of the tools and policy will remain accom accommodative until reaching the goals and asset purchases will continue until further progress is made. the decision is unanimous. on inflation, they see for the full year even though it s running below 2% for the full year of this
Wait, did you say the 57th letter was an n . [ laughter ] this years macys thanksgiving day parade featured 17 balloons. It was going to be 18 but then olaf was hit with Sexual Harassment allegations. [ laughter and applause ] sick. Photos were released yesterday of First Lady Melania Trump decorating the white house for the holidays. Though im not sure a rope ladder counts as a decoration. [ laughter ] its a its a custom in my country. [ laughter ] President Trump tweeted yesterday quote, 51 million americans to travel this weekend, highest number in 12 years, traffic and airports are running very smoothly. And then he tweeted, now let sports [ laughter ] a new poll has found that about a third of americans are dreading discussing politics at this years thanksgiving. And some dread talking about it every day. [ laughter and applause ] newsweek has rated crescent rolls as the worst thanksgiving side dish. [ light laughter ] looks like newsweek burned the rolls. Oh, oh no, the rolls oh,