So we are really quite uncertain about that. In your speech in philadelphia, you call the slowdown in job growth last month concerning. You mentioned today that you want to verify the underlying momentum in the economy and labor market is continuing. What do you need to see to convince you that the labor market is still moving toward full employment, and how long do you see it . I cannot give you a formula, i know that you would like to have a number that is a cut off for what we need to see in a particular report. There are a lot of different indicators of the labor market. For example, the labor market has 19ons index different indicators. Clearly, we will be looking at the next jobs report. If we were to see a healthy pace of job growth, above that needed to kind of maintain the status quo in the labor market. I should say, over time, we should expect to see, as the economy comes closer to maximum employment, the likely pace of job gains is probably going to slow down somewhat. We h
Euroa match at eruo 2016. No russians have been sentenced, despite being accused of care carrying out organized violence. First, all but one of the 49 victims of sundays shooting at a gay club in orlando have been identified. More details are emerging about the shooter, who was twice questioned by the fbi over his links to terrorism. Saudi arabia has confirmed the new yorkborn omar mateen traveled twice to the country, but the fbi says there is no hard evidence linking mateen to the Islamic State group or any other network of extremist. It appears he was inspired by material he found online. And just after 2 00 a. M. On sunday, omar mateen stormed pulse and opened fire, armed with a semiautomatic Assault Rifle and a handgun. The mayhem was captured by a bystander outside of the gay nightclub. As shots rang out, many inside thought it was part of the music, until people started dropping to the floor. A uniformed officer working at the night for the nightclub was the first to confront th
Can we do about it plus four stocks to trade those global water fear approximates. We begin with shares of General Electric hitting sevenyear highs on the back of its latest earnings. The stock has not closed at 29 or above since yawing august of. Its slightly below that and moving higher, about 12 so far this year. Is all the restructuring working. Mary thompson breaks it down for us. A lot of investors are at least betting it will work. Ge in the midst of a massive restructuring and it delivered stronger than expected profits for the thirty quarter even as revenue missed estimates. The better than expected earnings helped by strength in the aviation and transport businesses and the news it plans to sell its majority stake in the Consumer Finance arm has helped to push shares to the highest level this is seven years. The exchange will lead to a 20 billion buyback, twothirds of the 30 billion in capital ge is returning to shareholders this year. 2015, of course, has been a transformati
Issued a profit warning on russia while ge cites sluggish Energy Markets for lowering its guidance. Analysts suggest the 1. 2 billion price tag is too high. But the ceo telling cnbc the deal will create a true winner in the imaging therapy space. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Its another volatile trading session for the russian ruble with the russian currency strengthening sharply versus the u. S. Dollar after the countrys finance Ministry Said it has started to sell foreign currency stocks. The ruble has lost over 20 versus the greenback on the week. Now, the micex, meanwhile, has fallen into the red after opening initially in the green. The msvi has warned it could reclassify russia to stand alone Market Status if its excluded from the emerging market index. There could be further pain on the way for russia. The white house says president obama is expected to sign into legislation further sanctions over russia over the
Plummet. We talk about the impact of the stronger swiss franc and slow down in china. The price of oil is volatile but in an exclusive interview saudi arabias finance minister tells cnbc the government wont change course on spending despite the huge drop in prices. Help us sustain our policies policies. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. Welcome to the show everyone. The focus today here in the stock market and bond market is greece. Ecb will no longer accept greek bonds as collateral. Were seeing volatility. Investors selling greek debt sending yields sharply higher. Take a look at the 10 year greek debt yielding now 11 . The 15 year greek debt yielding about 10. 5 . Were seeing similar moves in the equity markets as well. Keep in mind right now were looking at european shares despite moving lower in todays trade still trading at a multiyear high but the focus, the concern right now is on the greek negotiation terms. Absolutely. Athens