Lets break it down with mike mckee. Is a it is michael it little bit odd. On the headline, 100. 9 is lower than it was in the month of august or september, rather, when it was 101. 8. You would expect that maybe the present situation would be causing people concern because of the coming closures of some businesses as covid cases spike but the number comes in at 98. 9 at up from 104. 6, up from 98. 9. Turnabouting quite a in the way people are looking at the economy. The interesting thing here is this bemay see is reasonably good news for donald trump because if you are looking at the economy, stupid, as the old saying goes, you are looking at the economy as it is right now, and the economy as it is right now is better. The employment number is something Everyone Wants to look at in the set up to next week. Jobs number is an improvement, so those who think we are going to have a dismal jobs report next week might be in for a surprise, at least according to the underlying Consumer Sentim
Any further east is somewhat quiet here because High Pressure in charge is a fine and dry Early Morning mist in photo ways and they should have is that that and cool enough just for celsius the top temperature in kiev struggling to get to freezing in moscow 7 i guess theyre into central parts of europe and only 18 into the eastern side of the med 18 therefore athens further west not far off those kind of numbers for london paris 1516 celsius its not enough but it could be a pretty miserable day on friday strong winds lots of rain piling in here so that a fail as warm as that im not a whole lot better as we go on sas day more cloud of red coming into those western parts of the British Isles central areas of france down swards sea alps will see some a western weather and that is to the southeast in cobol 19 celsius in athens with some dry weather and some sunshine rather than sunshine so into possible of africa we got some heavy rain just around the central parts of the mediterranean as
War with china i would love to tell you it doesnt matter for the stock market when a clueless day with the dow gaining 38 points and. 30 and nasdaq. We care about the future, not the past, the fact that the Federal Reserve is set to lower Interest Rates because of the slowdown is huge we get enough hints in the feds Statement Today that the next rate for moves is down and when its down what do you want to do lower stocks the rates translate into a better economy and borrowing is cheaper and more money flows into the system via credit and commerce picks up. At the same time short term is just as attractive and earnings are boosted and highdividend earning stocks are more valuable so welcome to the rate cut cycle here we go ive been through this so many times, i have my own playbook. History says you should buy, buy, buy we could get a rate cut as soon as july. Well get a rate cut i thought there would be a rate hike in july four months ago when the president was thinking things the fed
Out with barb mcquade a whole shes the show shes why were tonight i have got some reminders that i have to read to you are you guys the obedient type . Will you follow directions . Oh, rebels. All right. I love my group already. Im told to remind you that tonights is being recorded. So we kindly ask that you silence your cell phones for the duration of the program. And most importantly, if you have questions for barb, please fill them out on the questions cards that were on your seats or if youre joining us through the youtube chat, they will bring the questions up to me so i can ask them periodically. Um, it really is a pleasure to get to introduce to you. Shes terrified about whats going to come out of my mouth. Yeah i think. I think shes said enough you. So look barb and i serve together United States attorneys during the administration, i was in birmingham. We love the applause for boss barb was in detroit. And what you may also know is that melinda hague, whos seated in the front
Im a professor the university of Alabama Law School and i hang out with barb mcquade a whole shes the show shes why were tonight i have got some reminders that i have to read to you are you guys the obedient type . Will you follow directions . Oh, rebels. All right. I love my group already. Im told to remind you that tonights is being recorded. So we kindly ask that you silence your cell phones for the duration of the program. And most importantly, if you have questions for barb, please fill them out on the questions cards that were on your seats or if youre joining us through the youtube chat, they will bring the questions up to me so i can ask them periodically. Um, it really is a pleasure to get to introduce to you. Shes terrified about whats going to come out of my mouth. Yeah i think. I think shes said enough you. So look barb and i serve together United States attorneys during the administration, i was in birmingham. We love the applause for boss barb was in detroit. And what you