First time in 35 years. We start in the United States, where doug jones this week delivered a stunning upset by beating republican roy moore in alabama. That since the Republican Senate majority to just one. We were joined moments after the results came in. The roy moore campaign, his supporters we are hearing he will come out and address his supporters any moment now. But the republican majority in the senate is razor thin, down to one vote, the number of votes. Epublican can lose issues,e hoste of that is the only vote they can lose. With tax reform coming, this is doug jones will likely take office a week after christmas and before january 3. Tomorrow President Trump will meet on a Bipartisan Group of of lawmakers on the Conference Committee to finalize the details of the tax reform package. If republicans want to get this done by the end of the year, they have to do it before doug jones gets up to washington, d. C. Because of that razor thin majority. Republicans arent unified on t
We start in the United States, with a Democrat Doug Jones this week delivered a stunning upset by beating republican roy moore in alabama. That since the Republican Senate majority to just one. Kevin cirilli joint to myself as the results came in. We are hearing he will come out and address his supporters any moment now. But the republican majority in the senate is razor thin, down to one vote, the number of votes republican can lose. There are host of issues, that is the only vote they can lose. With tax reform coming, this is the bottom line. Doug jones will likely take office sometime the week after christmas and before january 3. Tomorrow, President Trump is going to meet with a Bipartisan Group of lawmakers from the house and the senate on the Conference Committee to finalize the details of the tax reform package. If republicans want to get this done by the end of the year, they have to do it before doug jones gets up to washington, d. C. Because of that razor thin majority now is
Xpectations. Still, a majority of the committee were clearly in favor of the rate hike that the fed went ahead within december, and the majority of the committee are still expressing some confidence that inflation in the mediumterm is going to move back to 2 . But there is a sense that confidence in that is slipping a bit. That matches up with the feds forecast, the dots that we saw last month. The median for rate hike projections asked year is three, but their worst next year is three, but there were Six Committee members below that meeting. Ledave a more hawkish group by people like Loretta Mester in cleveland, and they are more concerned about a severe undershoot of unemployment in 2018, possibly leading to a bump in inflation. And here is another interesting quote i found in the minutes. Participants discussed several couldthat, if realized, result in a steeper path of increases in the target rate. They mentioned those risks include the economy expanding well beyond its maximum sus
Surveillence. Is a look at european stocks. Theyre getting the most in two weeks. Its a little bit better than our preliminary estimate. We see the German Economy powering through overall. We also saw some unemployment figures that beat estimates. Commodities extending a little bit of a record run. Eurodollar, a lot of focus on the currency today. Yield is atyear 1. 95. This is a we have coming up on surveillance. We will hearing from john chen. 10 00, we will be joined by Stephen Michael smith. Cklowsmith. A they will be seeking to joshua green. Will be speaking to joshua green. Onto nejra cehic. Officials debated the risk to american outlook last month with some concerns about inflation and robust growth. The minutes of the meeting show most participants reiterated support for, quote, continuing a gradual approach for raising the target rate. In three moreiled hikes for 2018. In the United States, the worst storm of the winter season has knocked out power to thousands of homes and bu
Andressman from virginia the democratic representative from virginia talking about the standoff with north korea. Cspan washington journal is life now. Host good morning. At three will be in 00 p. M. 3 00 p. M. We will be with you for the next three hours on the washington journal. We will spend the morning talking about the big issues on capitol hill. How the latest Affordable Care act replacement failed bid leaders announcing they cannot get enough votes. Chief Justice Roy Moore now defeated Luther Strange. Despite the backing of republican leadership. What does this all mean . That is what we are asking you grade we want to hear your thoughts. Call the numbers on your screen. You can also catch up with us on social media and on twitter. A very good wednesday morning to you. You can start calling in now greatly what to get your reactions. Taking up the lead spot on the national paper. Here is the front page of the Washington Post this morning. Some fear a backlash over unmet Campaign