Jason snipe is here as well. Lets get a check on the markets. Stocks are still deep in the red. The nasdaq, the biggest losers by far today on pace for its worst day since june 11th. The s p on pace for its worst day since june big tech names like apple, microsoft, facebook. There you see the index and some of the names amazon, alphabet they are the ones that are dragging the markets lower look at apple. Down nearly 6 microsoft, 5 . Facebook, 5 amazon almost 5 and alphabet 4 whats going up . Only the bond, the tenyear note at. 62 . Lets kick it around a bit is this the beginning of something bad or maybe not i dont think it is when i was on the show last week, i said, hey, all of us on the show today are greedy. Greed has a way of biting you at some point and you have to decide is it a flesh wound or is it drawing real blood. I think its more of a flesh wound. Its taking the weak handed traders buying things like zoom and now selling. That lets others as well were saying amazon will be
Agency Mortgage Backed securities and least at the current pace but where will employment Interest Rates and the economy go from here well joining us now to discuss that are both of us cohost and investigative journalist ben swan and former fed insider and c. E. O. Of Quill Intelligence danielle de martino both thank you both for joining us today now danielle i want to start with you here it seems like chairman paul really had to thread the narrative needle here he didnt want to downplay growth in the economy but he also didnt want to dissuade congress from getting involved is that a correct assessment of what the chairman was saying today. It really is you know weve got 2 parallel economies right now weve got nearly 30 minute 1000000 americans collecting Unemployment Benefits in some form and you know we have we actually have rental evictions that are proceeding we have foreclosures that are starting to rise as well and on the other hand for people who are employed theyre moving out t
Economy is slowly bouncing back straight ahead we take an indepth look at the moves of the nations central bank and its a future of volatility in the wake of copan 1000 remains uncertain gold has seen a spike in value as investors flee to state haven assets but what does the future hold but well get into that with a packed show today so lets dive right in. The Federal Reserve held another policy meeting wednesday as part of an effort to determine where to go with u. S. Interest rates and what it will take to get the economy moving again overall there was some positive news as members of the Federal Reserve board upgraded their forecast for the economy to show a smaller contraction in Gross Domestic Product and a lower Unemployment Rate this year fed chairman powell spoke about the outlook following the meeting. The recovery has progressed more quickly than generally expected and forecasts from informs the participants for Economic Growth this year have been revised up since our june su
A civil war with People Killed on both sides. Those are your headlines my colleague neil harvey will be here in about an hours time with another look at your headlines this is our International Stay with us. Here this is. Gold in money. To do that jay powell do that jay powell old whoa whoa whoa whoa whoa whoa whoa whoa whoa whoa whoa move would get ready this is not virtual this is real they had virtual jackson hole they had an ounce or profoundly consequential zirp for ever essentially were going to have a 0 percent Interest Rates for easier for 5 years that was on the advice of plucky plucking once again profoundly consequential to the World Monetary system so those are forever as we have predicted here for years on report remember we said you cant taper a ponzi and it turns out you cannot taper a ponzi theyre admitting that of course a lot of people love it because what happens that the markets boom right and mark i got my money again i got my money again my name is jay jay jay i g
A very indepth look at our top news stories i will be in an hour is to. Enjoy mad max is next with the concert. Guys or this party got gold in money again ready. To do that jay powell do that jay powell old whoa whoa whoa whoa whoa whoa whoa whoa whoa whoa whoa move would get ready this is not virtual this is real they had virtual jackson hole and now its are profoundly consequential zirp for ever essentially were going to have a 0 percent Interest Rates for 0 for 5 years that was on the advice of plucky plucking once again professionally consequential to the World Monetary system so those are forever as we have predicted here for years on kais report remember we said you cant taper a ponzi and it turns out you cannot taper a ponzi theyre admitting that of course a lot of people love it because what happens that the markets boom right and mark i got my money again i got my money again my name is jay jay jay i got my loan a gun i got my money gun all i do is pretty oh good day because i