I dont think with that list of names, even yellen, i dont think the president can make a bad choice. The Political Considerations outweigh the current economic situation. A new administration often just once its own people on board. The interesting part is this discussion is coming at a time when there is the socalled mystery about the low level of inflation. The interpretation is quite important. I think they would view jay powell as someone to be more continuous in the policy we have been experiencing. We will have a very accomplished economist as the head of the Federal Reserve for the foreseeable future. Jonathan joining me is mike collins, bob michele, head of the Global Fixed Income Commodities Group at jpmorgan asset management, and Marilyn Watson from blackrock. Great to have you with us. Lets begin with where the odds are for the race for fed chair. The number one spot seemingly is jay powell. At the number two spot, if you look the front runners is reportedly jay powell and j
I dont think with that list of names, even with mrs. Yellen, who would not be my first choice, i dont think the president can make a bad choice. I would say that the Political Considerations may outweigh the current economic situation. A new administration often just wants its own people on board. The interesting part at the moment is this discussion is coming at a time when there is the socalled mystery about the low level of inflation. So the interpretation is quite important. I think they would view jay powell as someone to be more continuous in the policy we have been experiencing. More likely than not, we will have a very accomplished economist as the head of the chair of the Federal Reserve for the foreseeable future. Jonathan joining me around the table in new york is mike collins, bob michele, head of the Global Fixed Income currencies and Commodities Group at jpmorgan asset management, plus from london Marilyn Watson , from blackrock. Guys, great to have you with us. Lets begi
We have a lot of Mental Health problems in our country as do other countries. But this isnt a guns situation. Want to search this morning for motive in the here is to stop his rampage coming up. Maria President Trump and in the banquet pushing so a bright now. The latest to discuss today trade in dealing with the rising threat from north korea. Tax reform taken center stage this week that republicans pushing forward to get it deal done by the end of the year. Progress coming up as the committees right now are zeroing in on the tax plan. The battle for saudi aramco. President trump has urged saudi leaders to church the New York Stock Exchange for what would be the largest ipo in the world that the future remains uncertain. The latest air an anticurrent john. Is sending shockwaves throughout the Business World. Details are several prominent members of the royal family, including all of the bands who all are taken into custody. The richest men youve ever seen taken into custody. It is to
Basis points. The sale is not escape in the u. S. He vix, 6 the fed warning about assetg bubbles. Gold pretty much flat. David President Trump addresses the people of poland in Krasinski Square. Then he will leave for germany for the g20 meetings. Adp Employment Data pointing towards the friday payroll data for the United States. 15 minutes after that, a national jobless claims for may. The fed governor jerome paul will speak about post Housing Finance reform. Said vice chair Stanley Fischer speaks on government policy and Labor Productivity in massachusetts at 7 30 p. M. Eastern. Alix it is good to see you. Split on the timing of the Balance Sheet unwinding on inflation but agreeing over concerns of asset bubbles. Some suggest increasing risk tolerance might be contributing to elevating asset prices broadly. The market volatility coupled with a low equity premium could lead to a buildup of risk to Financial Stability. Noining us is the morgan i want to start with you. Are we assuming
Be the next one, this spread. Wti versus brent. U. S. Oil versus european oil getting more negative as we go. That means brent is seeing a nice rally. David President Trump addressed the nation to lay out plans for afghanistan saying the United States will remain committed, but not engage in nationbuilding. President Trump America will continue its support for the Afghan Government and the Afghan Military as they confront the taliban. We are a partner, a friend, but we will not dictate to the Afghan People how to live or how to govern their own complex society. We are not nationbuilding again. David joining us now is bloomberg chief washington correspondent kevin cirilli. Give us a sense of what the president was trying to accomplish last night and did he get that done . Kevin the president facing intense scrutiny following his response to charlottesville. He no made no direct mention to it, but essentially said he hoped to unify the country and then he pivoted to Foreign Policy and sa