Expect sharp moves in the very near term. Both of their comments from the pboc but also their actions in terms of the sharp moves that youve seen just before the close suggested theyre not very comfortable with the very rapid pace of devaluations. Other people are saying its part of their long telegraphed move toward more financial liberalization and its a good thing for the market. Where do you stand on that debate . One of the interesting things is that right now its the need to ease because the activity has been weak. I think those two pressures push you in that direction. Our sense is i think while the near term move might have been the Exchange Rate liberalization, as you roll forward, as you think medium term a year ahead i think those pressures from the economic side especially from the view that china is going to have to unwind this big credit build up, that will push them toward seeking that front and weaker Exchange Rate whaend we think about the fundamental economy in china,
Rally pause. Futures are flat as investors await further futures from the feds on its interest plans call it the amazon effect. Shares of bed, bath beyond slashes fullyear outlook. The most destructive storm in modern history puerto rico suffering that direct hit from maria. After another day of record highs for stocks, wall street focusing on the fed which wraps up its twoday policy meeting this afternoon the policy Statement Due at 2 00 followed by the News Conference a half hour later. The watch is on to see what the fed will say about reducing its Balance Sheet. This is the head of the journals finance section today and that is markets uneasy over fed action as this treasury slump, jim, is now the longest since march. Yeah, i mean, i think that were all kind of dealing with the idea that the markets, i looked at that headline and i say, if the markets arent easy, why did we hit a high. Dow jones, s p, nasdaq if for once were not beholden to what the fed says i want to know about th
Major funding for the pbs newshour has been provided by moving our economy for 160 years. Bnsf, the engine that connects us. Supporting social entrepreneurs and their solutions to the worlds most pressing problems skollfoundation. Org. The lemelson foundation. Committed to improving lives through invention, in the u. S. And developing countries. On the web at lemelson. Org. Supported by the john d. And catherine t. Macarthur foundation. Committed to building a more just, verdant and peaceful world. More information at macfound. Org and with the ongoing support of these institutions this program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Woodruff new appeals today, to do more for puerto rico. The island is still reeling from its worst storm in a century, and there are calls to cut red tape and get more relief on the ground quickly. John yang has the story. Yang a full week after Hurricane Maria
Major funding for the pbs newshour has been provided by moving our economy for 160 years. Bnsf, the engine that connects us. Supporting social entrepreneurs and their solutions to the worlds most pressing problems skollfoundation. Org. The lemelson foundation. Committed to improving lives through invention, in the u. S. And developing countries. On the web at lemelson. Org. Supported by the john d. And catherine t. Macarthur foundation. Committed to building a more just, verdant and peaceful world. More information at macfound. Org and with the ongoing support of these institutions this program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Woodruff new appeals today, to do more for puerto rico. The island is still reeling from its worst storm in a century, and there are calls to cut red tape and get more relief on the ground quickly. John yang has the story. Yang a full week after Hurricane Maria
Try to run down an fbi agent with his car in las vegas in 1960. He was on the agencys most wanted list after escaping from a federal prison in texas. He had been serving a 20 year sentence for a string of phoenix bank robberies. He died in 1998. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in over 120 countries. Im mark crumpton. This is bloomberg. Julia life from bloombergs World Headquarters in new york live from bloombergs headquarters in new york. Stocks are high today. Whatd you miss . Scarlet President Trump plans to visit las vegas. He heads to puerto rico first. Across the atlantic, spain faces its worst political crisis since the 1980s. The rest of the European Union stays on the sidelines. Julia whatd you miss . Washington is reacting to last night shooting in las vegas. President trump led a moment of silence. Some democratic lawmakers are calling for more federal gun control. Let us bring in megan murphy. Where do we go with this . The pre