Revised down its 2017 core inflation projections from 1. 7 in june to 1. 5 . Unemployment will hold steady they expect by the end of the year, 4. 3 but gdp has been revised up from 2. 2 in june to 2. 4 what they expect by the end of the year. The fed is going to maintain its projections for a thirdrate hike in 2017 according to the fed dot plot and it is also projecting three potential rate hikes in 2018 but again members of the fomc are bit more dovish on the rate hike projections. Thee members dropped projections this year. From Federal Reserve statement, storm related reductions will affect Economic Activity in the near term but past experience that the storms are unlikely materially to alter the course of the National Economy over the medium term. The inflation problem the fed is facing, inflation on a 12 month basis expected to remain somewhat below 2 . This was unanimous decision to hold Interest Rates where they are in december and initiate beginning of unwinding in october. Tri
Lower opening for the broader averages today. The euro went higher. That pressure the dollar and stocks followed suit. In europe, the indices this morning and he has adapted to read. Macron although her across the board. Dax and germany to the third of the percent. Cac quarante down almost 1 . Markets mostly higher. The nikkei average in japan the big winner of the 2 figure vigil for the shooting victim in chicago more bloodshed pretty good band opens fire on the memorial killing two and injuring eight others. A bit of a merger monday to you about. Sinclair close to acquiring rental Tribune Media that will reshape the tv landscape. The surprise for superhero fans. D. C. Comics website that wonder woman trailer. To preview this morning. The stories right here right now. Jamie talk about it, fox business Dagen Mcdowell, pollster and president lee carter. Great to see you. Dagen good morning. A lot happening. Maria im really fired up. Kevin mccarthy coming up for the entire hour. Talking
If you check out crude oil, which is probably the biggest market story weve been watching for a week or so crude Oil Yesterday was up slightly to 42. 74. This morning up to 42. 84 youre still talking about wti below 43 a barrel. Americas 34 largest banks did well in the stress test. The results show even during a large recession large banks would be well capitalized and could support homes and businesses when times are tough. The second part of the stress test will be released next wednesday. There are talks about whether things might have loosened up a bit with the fed. Doug parker says he is not happy with Qatar Airlines plan to buy a 10 stake in the company. Parker telling phil lebeau he found out about it yesterday parker telling cnbcs phil lebeau he found yesterdays offer confusing, adding why an airline were aggressively fighting would want to take a stake makes no sense he wonders if the motivations were misguided and ill conceived. They have been fighting over policy in washing
Vowing to fight back againstdena the feinderal judges decisionsg not toes reinstate his traveltat ban. This morning the legal battle over thes morn incontrovr ban likely far from over as itvt could head to the supreme court. Co fox5s Melanie Alnwick isnwis live at Dulles Airport with a the latest. Mel, good morning. Oo reporter good morning, steve and allisonte. R ison. So what this means is that forhf now International Travelers trav are still able to come and go freely from dullesly F International airport here andro other international airportsna throughout the country andtion e Refugee Program does continues n at least in the meantime. Ntime. Also, immigration attorneystion continue to keep watch. Wch. All i can say is thank god. G. Thank god at the courts of thec United States feel that they are not controlled by the executive branch. Utiv reporter plenty of reaction after a fe eepdeorral Appeals Court ruled lateledlate thursday not to reinstaterei president Donald Trumps bans n o
South korea were closed for whats the mid autumn festival there. And the european equities, things are up. Cac is flat and if ftse is up by 0. 2 . This morning crude is up by 24 cents still trading at 24. 81. Lets get you caught up on the busiest day of the week. The bank of engallant is going to be announcing its latest policy decision. Expects to leave rate. Jobless claims are out at 8 30 time. The Producer Price index and september philly fed index and at 9 15 look for august Industrial Production. We talk about the apple iphone a lot. Apple now saying the initial quantities of its iphone 7 plus are sold out. Thats the one i want. The new gadgets will hit store shelves sometime tomorrow. Consumers wont be able to buy sold out phones but the company will continue to take orders online. I wont be releasing its first Sales Numbers of the iphone 7. Why . I think they made that decision a while ago. It reminds me of the details. In fairness to apple, nobody else does. Samsung doesnt. The