Yesterdays speakers, maryland congressional candidate, kim klacik she is an internet superstar. All that on making money. Charles i think something profound happened to jer role powell during the two weeks when the Federal Reserve hiked rates, december 20th, 2019. It was the ninth Interest Rate hike of 2015 after essentially the fed went for seven years to zero percent. Powell was driven to some event days before christmas and hit a big pothole. As the driver looked to work out the flat tire, he saw a homeless woman panhandling money from complete strangers. He thought about his policies about runaway inflation that had yet to materialize. It was the old Federal Reserve playbook to slowdown the economy, something that hadnt reached the economy. January 4th, powell made comments not mention the plight of the women, he admitted to a epiphany. He changed course in history. I think he changed the course of the Federal Reserve, saying a strong jobs market, rising inflation does not rise con
Is the ecb doing every thing it can, or will it do more . I think that is the question the market is looking at. We are trading 1. 94 on btps. Vonnie in the u. S. , we erased all of our 2020 decline on the nasdaq, now down slightly lower, but pretty much flat on the year. Microsoft, facebook, all of the things have been doing all of the faangs have been doing particularly well, leading this rally. The s p is up, but there are a lot of crosscurrents, from earnings to the dire economics. We saw the adp report yesterday, followed by jobless claims today, waiting on the payroll report tomorrow. And of course, different reopens across the states. You mentioned currencies making lows today. The dollar index is higher at 100. 29. We were to speaking about crude, up 7 on saudi arabias goodwill on prices. Still not a huge amount for a barrel of wti. Guy every little bit helps. Lets talk about that bank of an story. The new governor Andrew Bailey making it clear today that policymakers could exp
Negative situation when the trading day gets underway. That is a long way off for the moment. Nikkei feeling it. The hang seng, lower. Shanghai feeling that down drop. Lets get to those moving parts. The u. S. 30 year treasuries, levels we have never seen before. 1. 9. The whole curve is below two into the u. S. We have stronger than expected fors fixed gain. Is the message still continually one where we are seeing them sending this message out that the yuan is not a oneway bet . 11 days of declining. The new Zealand Dollar on track to go down to 62 u. S. Cents. Confidence to come out earlier on in 11 years. We will be hearing what is going on. We will be talking to this San Francisco fed president mary daily later on. U. S. Dollar against the pound, here we go, we have the have the last headline. We will have five weeks of that parliamentary debate. Some are saying they are trying to stifle a deal on brexit. Effect, thees in most viable option, i guess the most embedded on option righ
Reserve, we have the minutes and this was me before liberty mutucustomized the Federal Reserve of San Francisco mary daily says a recession is not eminent, investors look for any hints, we will bring you the minutes when my car insurance, so i only pay for what i need. We get them. We have a rally underway, dow up and this is me now 150 points, twothirds of 1 , any physical changes to this mans appearance are purely coincidental. S p up 19 and nasdaq futures only pay for what you need. Higher by 62. Liberty. Liberty. Liberty. Liberty. Mornings with maria begins right now. Maria big show this morning, can it help keep us asleep . Joining the conversation this yes, it senses your movements and morning pwc partner Mitch Roschelle and wall street automatically adjusts to keep you both comfortable. Journal management reporter host of the secret of wealthy women and now, all beds are on sale save 50 on the sleep number 360 limited Edition Smart bed. Podcast veronica, thank you for plus free
Has something President Trump does not. That is a central bank he can factor into. When you look at it from a broader standpoint, as the debate continues on to whether or not therell be an economic recession, the president heading into the 2020 reelection cycle by attacking fed chair jay powell, who he nominated. David thanks. We will talk to about that problem with china. In the meantime, lets turn to ben on tax cuts. We had President Trump say he is thinking about tax cuts, including capital gains. Could he do that . Ben it would be very controversial and probably face a legal challenge. The controversy comes from the fact that 86 of the benefits would go to the top 1 . That might not even stimulate the economy. There are conservative economists that think this would have a minimal effect on shortterm economic growth. David the headlines crossing, President Trump saying he has no immediate plans to do that but what about other plans such as cutting the payroll tax. That could make a