How he see businesses moving forward. What are you expecting on impact on growth and do you think theres going to be a different standard on jpmorgan than other banks . Youre not. A come of things there. When we get done after that, i dont know, i do think theres a little bit of decoupling between chinas Economic System and ours, china will continue to grow, i think they want jpmorgan to be there to set transparency and rules and if chinese, if they want to eliminate corruption, they need very good Financial Markets and therefore they can come in and set the standards, it should mean something when jpmorgan said we did Due Diligence, doesnt mean that we are always right but should mean something. Maria big deal for jamie dimon and jpmorgan, they just received their license, a bank 100 in china, spending 11 billion on Technology Every year, how is he going to protect that technology s he going to go to china and they will change things as how they will do things differently. Dagen part
The mayor of little rock, arkansas was a cochair on the city side and i was a cochair on the county side. Youll be hearing from one of those Panel Members when greg speaks. Our work that was done seems like aged ags ago. Well be talking about that. I want to thank those of you here in person as well as those of you that are here virtually. We know this is being broadcast live stream and a special thank you to arc for your partnership. We partnered with each other. We partner with various agencies. This event is the culmination with a yearlong partnership to strengthen the local response on the opiates epidemic across the 13 state region. County leaders need the help and support of partnerships like the ones that a. R. C. Has provided and the resources that are needed to serve our citizens. We see the impact that Substance Abuse is having on counties across the entire region. County support over 900 hospitals. County owned, county supported hospitals. They over see sheriffs departments,
Decision. Bullard should have called for 75 basis points and he could have the job when powell steps down to spend more time with his calculations. I agree completely with bullard, his dissent on 50. Whats he thinking . Then i read his comments and said thats pretty smart it made total sense to me. On the bullard side, this gives you a sense of why its so reasonable i would be watching very carefully for any signs of a downturn. Of course, there are views on the other side as well, from the other dissenters i think the center of gravity, clearly the center of gravity on the committee is the second adjustment was appropriate. Thats right. Fed president jim bullard joins us here in just a moment josh got a cameo in that little mashup. Lucky you didnt wear the same tie. Some of my best work. Yeah, you have to give me the heads up on that. Building throughout the day, hopes of the trade deal, really good housing data. Yeah. What are you chalking it up to lets do housing first. Xhp, itb, ho
Soaring today. The feds fight over the future playing out realtime in jackson hole the big focus turning to the fed champ powell, to his speech tomorrow morning lets go to Steve Liesman live in jackson hole for us we got a dose of fed speak today at least. We did. We had the First Official to speak at the annual gathering in jackson hole beneath the tee time but they didnt tell the markets what they wanted to hear about the need for deep Interest Rate cuts in the months ahead. I didnt think the cut was appropriate necessarily, but i went along with it to get back to neutral i am on hold right now my forecast is just to hold. My sense was weve added accommodation. Right. And it wasnt it wasnt required in my view. I think were in a good place relative to the mandates that were asked to achieve now, dallas fed president Robert Kaplan said he wants to avoid cutting rates if he can, but he says he is open minded about rate cuts. He also is concerned that the big decline we had in bond yield
You were going down. 401 k s right now, i met last week in new york city with a very, very fine group of policemen. They were all so happy about their 401 k s. They feel like they are geniuses he said, im up 39 . I see all the guys carrying the booms are smiling. Are you up too yes, he is he has the one thats the highest and the closest. He is a good boomer but he has a big smile on his face, right thank you. Thats very nice they are usually with the press. They wont admit it but he does, because he is beyond the press i just want to say that people are up 30 , 40 , 50 depending on whats in there they are very, very happy. We think we are going to grow that a lot more. We think the economy has a long way to grow. It needs the tax cut and all that money is going to be spent on expanding businesses. We have so many Different Things in this bill that are going to create jobs. For me, this is a bill very simple it is a massive tax cut for the middle class and it is about jobs the jobs are