. O a presumed debate october 15 crisis, go to cash. Do you understand we are 3 from a dow record high . Jonathan the narrative has really shifted away from the worries about a contested election, and now the conversation about the potential of a blue wave. No question about it. We like to see more polls coming out. The candidates really migrate to arizona today and tomorrow to come off the messaging from utah. Have you seen the polls for going to be at polls from quinnipiac . A fivepoint lead in iowa for biden. The average right now, 9. 4 points to biden. I feel you, tom. I get it. Everyone else does, too. They are conditioned by the experience of four years ago. That is a conversation with kevin later this morning. Tom again, i look at the markets. The doom and gloom out there, the vix, the volatility at 28, im sorry. Look at the equity recovery and look at corporations adjusting. This breaking ibm news is important. Jonathan after a big acquisition last year of red hat, the restruct
I will have more in the markets shortly. Angie thank you. Central bankers reaffirmed their belief in the power of Monetary Policy at their meeting in jackson hole, with janet yellen signaling a hike is still on the table next month. Meanwhile, we have kuroda vowing to act decisively on stimulus is needed, saying there is ample roof room for additional leaving. Editor brettnomy miller is in tokyo. What clues does this give us, at the boj meeting . Reporter we are certainly in for a tense wait. Kuroda has implicated as he has said before, that a full increase in policy is possible. That means we could see negative Interest Rates cut further. We could see the asset Purchase Plan increased as well. Variables ist of open. We have seen in recent days, analysts talking about the possibility of the boj moving into new areas including looking at buying local government bonds, and areas where public corporations are issuing bonds projects,t like rail sewers, building hospitals. A whole host of a
Rid of patient, so to speak. Great. Now were at 1. 9 again. Lets get to our road map. It starts with the markets, futures as you saw pointing to a slightly higher open helped by Consumer Prices that rose for the First Time Since october. Plus Chesapeake Energy blaming weak commodities for its decision to cut cap x this year. Of course its not alone. Carl icahn boosted his stake in the company to 11 , that was just out yesterday. Tragedy in europe up to 150 people are believed dead after a germanwings airliner crashes in southern france. Want to get to another story that we. Reporter have just been breaking. Mary thompson has. Ruth porat of Morgan Stanley. Thats right. Ruth porat is leaving that firm and she will become the cfo of google google. Wall street veteran moving to Silicon Valley. Shes been with Morgan Stanley for 28 years. Among the roles including ceo or cfo, she has been the lead tech banking, she led the companys banking franchise and also of course to serve the company to
Private banks are clearly available at an extremely lucrative valuation right now, says Santosh Joseph of Refolio Investments and Germinate Investor Services LLP