Barbara duran from bd8 capital markets. Thank you for joining us today weve got a lot of forces at play again another kind of side waist market, but some Risk Appetite if you look at whats moving higher today i agree with that i think that the action has been very constructive. And i think whats going on is youve seen the earnings expectations come down you had just a little sample last week, but majority of Companies Beat earnings and the most important thing, i think, was jpmorgan and American Express talking about the strength of the consumer in loans and spending and thats really the underpinning to the economy. And so we also know the fed, they have a meeting coming up. Im not expecting them to cut rates, but they have made it clear they stand ready and i think that forms an underpinning for the market. And not to mention china we have a little truce there i think we were all expecting some more down babeat commentar from what weve heard so far but so far, its been okay maybe rest
So they acknowledge the weakness, but they go on to say that employment slowed, and the committee continues to expect that appropriate action will continue to move forward. As is consistent with the dual mandate. Inflation is anticipated to remain near the level in the near term, but the committee expects inflation to rise gradually towards 2 as the labor market improves further and the transitory effects decline, and energy and import prices dissipate. They continue to monitor inflation closely. The language in here, again, can distance to what we saw in the march statement. They said the committee anticipates it would be appropriate to raise the target rate for the federal funds rate when they see further improvement in the labor market and they are reasonably confident the rate will move back towards the objective in the median term, so, mark no reference to june. They are taking that off the table, but there is that condition, being data dependent Going Forward, but they are acknow
Only hertz gives you a carfirmation. Hey, this is challenger. Ill be waiting for you in stall 5. It confirms your reservation and the location your car is in, the moment you land. Its just another way youll be traveling at the speed of hertz. Lets get back to our guest hosts. We have 20 seconds. The last word is goodbye. What can you say beyond that . Things are performing exactly as they should. Dont give up hope. Jerry . Politics arent irrelevant. Theyre an opportunity. Look for companies that will make money in an environment thats not exactly what any of us would have wanted from a policy point of view. Thats tantalize. Well have to have you back to talk about it. Thank you very much. Well see you tomorrow. And well see you tomorrow. Right now its time for squawk on the street. Welcome back, david bowie. Today marx the u. S. Release of his first album in nearly a decade. Its called next day. Welcome to squawk on the street im Carl Quintanilla with melissa lee and david faber. And n
We have people coming into the country, trying to come in, or stopping a lot of them. You wouldnt believe how bad these people are. These arent people. These are animals. We are taking them out of the country at a level and rate thats never happened before. Jesse the Mainstream Press including the New York Times, usa today, Washington Post and others took trump out of context, suggesting he called all of the Illegal Immigrants animals, not just ms13. The morning papers flat out misleading readers with headlines like this from the New York Times. Trump calls some unauthorized immigrants animals in ramp. From usa today, trump calls undocumented people animals, rhetoric with a dark past. The president addressing the outrageous reports. You know i am referring to the ms13 gangs that are coming in. I was talking about the ms13 and also if you look a little bit further on the tape, you will see we have laws. One ms13 comes in and other gang members coming, i refer to them as animals. Guess w