Program you know thats new and improved its then it was the remember Stormin Norman you know all the branding so its a branding exercise and 70 percent of the American Economy is consumer so we live by branding exercises and we live by branding so this is the Defense Department in the pentagon and bracing the to sell the multitrillion dollar death wave death machine that they love to push into really reprinted its a branding exercise well why did they do that branding exercise max because they need the people on their side and to think that were in a constant change of life were always progress ing right the vietnam war why we had an Antiwar Movement it was because they went on and on and on and people are dying and dying and dying at the from the same exact word vietnam here its like it was shocking our memory invaded iraq with shock and awe then enduring freedom the same thing is like if you keep on telling were still in iraq were still afghanistan still fighting were still dying peo
The british Prime Minister Boris Johnson is Holding Strong on brexit. To delay he tweeted today quote new deal delay. Eal, but no earlier the Prime Minister had promised to send a letter brexit if he couldnt get a deal with the European Union by october 19th. And johnson are set to meet later this month at a theyt in brussels where hope to be able to sign off on an agreement. Deadly clashes continued in iraq today. Forces opened fire on hundreds of antigovernment demonstrators in central killing one protester. Shiite clerictop warned both sides to end the violence. The violence has killed more than 50 people and injured hundreds. Global news 24 hours a day on air and at tick talk on twitter, than 2,700more journalists and analysts in over countries. Im mark crumpton. This is bloomberg. Live from bloomberg World Headquarters in vonnie quinn. And live in toronto, im lang. Welcome to bloomberg markets. Were joined by our bloomberg audiences. The top stories were following from around the
Alive that the consumer keep spending. The fed has two ways to look at it. The economy is slowing or the economy is hanging in there where it was with job creation little lower, but wages rising and the workweek a little bit longer. That means the expansion keeps going. David the question is what does it mean for the fed. Lets talk about that as we are waiting for jay powell to speak. We will come back to Michael Mckee. In the meantime, Kevin Cirilli at the white house. Finally, we have a plan from the white house on what to do with fannie mae and freddie mac . Kevin they are calling it a roadmap. Steven mnuchin unveiling a plan that would reprivatize fannie mae and freddie mac. It was back during the Bush Administration that the republican part of that 190 billion bailout from taxpayers issued a conservatorship for fannie mae and freddie mac. As of now, they make up about half of the mortgages in the 11 trillion Mortgage Market. It is a long shot to get them privatized. Even behind th
In the United States, are expected them to cut rate another quarter point, dropping the ball on all of this and president declaring not even two weeks ago that hes an enemy, reminder how easy it is to make friends in the city, dow 75 points, lets get the latest first on the trade front on whats going on there and growing talk that at least the talks are back on and so far no one is throwing dagerds. No one is throwing at each other, the jobs are fundamentally strong, 130,000 jobs in august, 3. 3 over the past months, the white house economic adviser say it doesnt really matter that the jobs missed the estimate because the Labor Force Participation edged up. The people on the fringes of this come are coming in and getting jobs, if you peel back some of the numbers, consumer is still spending and thats in construction 14,000 jobs in construction, half in Residential Home construction, people buying homes, consumers are buying, the other half divided among specialty trade construction and
The committee will come to order. Without objection, the chair is authorized to declare recess of the committee at any time. This hearing is entitled Monetary Policy and the state of the economy. I recognize myself for four minutes to give an opening statement. Today this committee convenes for a hearing on Monetary Policy and the state of the economy. Chairman powell, welcome back. Today i would like to start by addressing the current elephant in the room when it comes to Monetary Policy and the fed. This president has made it clear that he has no understanding or respect for the independence of the Federal Reserve. He has said the fed, quote, doesnt have a clue, quote, unquote, called it the most difficult problem for the u. S. According to media reports, he discussed firing chairman powell because of policy he doesnt agree with. Lets be clear, it is essential that the Federal Reserve maintain its independence from the executive branch. So i urge chairman powell and other Federal Res