Of the Market Action following the strongest threemonth jobs gain in the u. S. In 17 years. Good afternoon. Good afternoon. Heading into this january jobs report, there was a lot of talk that payrolls might disappoint because the jobs numbers are often underestimated by the government at the start of the year but it was strong across the board. Whether youre looking at payrolls, the Participation Rate or wage growth. So the focus really turns to what does the Federal Reserve do next . Dennis lock hart, the atlanta fed president , also a Voting Member of the company, gave us a little bit of an idea. He just finished talking and the takeaway from his remarks is that hes keeping options open for a june Interest Rate increase. He said public expectations for inflation have held steady. Thats compared with marketbased expectations. He also said dont ignore whats going on in europe, even as its effect will likely be limited. Give us a summary of the reaction and the market, the fixed number
Infighting in the clinton world is as reliable as the sun rising in the east. But my question to you about this is whether this is kind of a sign of bad stuff to come . Well its leading the dredge report. Im getting 1990s nostalgia. Chaos in clintonland. Its going to be all over the right wing. David brock went from being on the right to a real clinton insider. This points to a problem that Hillary Clintons going to have. Which is, there are things like this, overreaction to stories and reaction to stories, in every president ial campaign. When it happens to her watch out. Also youve got s just so huge. It already has this atmosphere of jy beganities much. 200 policy advisors advising her on economic policy. I was talking to someone very close to them just a few days ago who said that his concern was that the whole thing was going to collapse under its own weight because theres so many people all trying to get in on the action and that creates so many opportunities for infighting and t
Now heads ways and means. Again, the committee here taking a break. We expect until 5 00 eastern. Well continue our live coverage then. And also online at cspan. Org. We will be back to the Budget Committee when they gavel back in which should be at about 5 00 eastern. Our coverage continues online at 2 00. A reminder of the senate Budget Committee thats under way. Thats also on cspan. Org. But also happening today, the Federal Reserves federal open Market Committee wrapped up today. And the chairman of the fed, janet yellen, as she does after these meetings, held a press conference with reporters. Chairman yellen good afternoon. As you know, the federal open Market Committee this afternoon reaffirmed the current zero to 25 target range for the federal funds. 25 target range for the federal funds rate. The target range for the federal funds rate remains unlikely at our next meeting in april. With continued improvement in Economic Conditions, however, we do not want to rule out the poss
That work with this company and internationally the relevance of the Exportimport Bank in place an important role. All of our competitors have export financing support. The idea that the United States would unilaterally disarm and a world where other competitors would have export financing programs would put u. S. Manufacturers at a great is advantage. I think theres a notion that it is only large firms that benefit that is wrong. A Small Business and baltimore can access these banks. On this committee, you can find countless examples of Small Businesses that benefit from the Exportimport Bank. I hope we can Work Together to renew the Exportimport Bank before it expires in june. If there were an International Agreement to lower all export subsidies, that would be a different story. We are working with International Bodies of the Congress Helped create we are not there yet. Unilateral disarmament would be wrong. [captions Copyright National cable satellite corp. 2015] [captioning perfor
Forever. And superstar entertainer dolly parton. She dishes on her legendary career and the novel way that she is launching her new music album. But first, lets launch into headlines with my radio could he host cohost. Thank you very much. Ford out with its earnings today. The automakers First Quarter net income coming in just below 1 billion. The number represents a 39 drop from a year ago and less than analysts were looking for. Ford shares falling on that news. Russias sovereign debt rating cut to the lowest investment grade. The Credit Agency saying further downgrades are possible. Russia responded by raising its benchmark Interest Rates from 7 to 7. 5 . And the nasdaq tumbling today, the most in two weeks. The index retreated nearly 2 as amazon slowed the most since january. Thats a look at some of the top headlines at this hour. Thanks very much. For more on todays market decline i want to bring in joe. Hes the founder and the chairman of macalindon research partners. Tell me abo