Invest in laborsaving is it not possible that improved wages themselves can help lead to improved product activity, which can create a virtual cycle with wage growth officer time yes, thats exactly what we hope is happening right now. So youre committing to keep your foot off the brake . When i was getting ready for this hearing, i went back and read something that you said in your very first year on the fomc committee. You noted you havent seen anything in the wage data yet to support that it struck me as interesting. It got me to thinking about my frustration, and how its been 2 1 2 years since he hit the supposed definition, yet it keeps dropping and the definition of full employment keeps chasing it it made me wonder, as it relates to what you said earlier, why dont we just use woo wage data to help define it. For a lodge time there was slack in the labor market. Weve reached the point where the risks are really twosided now. If we do get behind and the economy does overheat. If th
Boy, josh, you looking a the price target increases, every day. Monday you got a couple firms, wednesday two more and thursday three and friday today, two more the stock goes over 200 for the first time ever. Morgan stanley today, 225. Goldman goes to 235. Nobody should ever listen to my opinion on netflix. I bought it hat like 70 and sold it at 100. Thats 100 points ago. I i just look, its not that i disliked it i just never felt like i really understood how it would get as big as it now is, and to some extent i still dont i understand how powerful the content is i dont disagree i pay for it myself. I just ive always looked at this segment of the market as hypercompetitive, and you know what it was and still is, but netflix is an amazing competitor, and the content, goldmans note, the content is driving stocks and if you were slow to understand that you missed a lot of it and im in that camp. Im sure ill hear i cant own it, too expensive, too rich for me those arent the kind of stocks
Impact right away. Speaking of amazon, latest things for prime lures and retailers get on the site, theyre talking about expanding harrassment issues have its entertainment chief suspended. Roy price, evolving sort of a dilemma here for amazon, how far does this go . The corporate board, corporate area. Roy price, all the company released, roy price is on leave of absence effective immediately. He was charged by a producer after Amazon Program some years back, man in the high castle, for lewd and lascivious comments. He is out on suspension. This is the talk of the town that would be otherwise focused on revenues, earnings expectations the stock, well keep eye on that. This expanding issue how far maledominated work place, harassing women, whether it goes beyond amazon, other technology players, his ties to Harvey Weinstein, a lot of business together. Very close relationship, that didnt necessarily extend to amazon but i do want to say here, it comes at a time when these type of incid
Market site in times square im kelly evans along with joe kernen and melissa lee we have the dow looking at a tiny gain, same for the nasdaq the dow closed at a record high yesterday. Overnight in asia, lets scan the landscape. I think the kospi was at a record high yesterday as well. Some green kind of following on from our semi strong day yesterday. Gains of about a tenth of 1 as for europe which is still trading of course, you can see some differentiation ftse 100 and dax lower ftse down more than a quarter of 1 and finally a look at crude which has been holding levels of 45 and 46. Its up about and a halfhalf a t in washington, Senate Republicans are battling for votes within their own party after he releasing their latest Health Care Bill two gop senators will not vote for the bill, that means Mitch Mcconnell has to convince every one of the 50 remaining republicans to vote yes or the legislation fails. The new bill keeps some of obamacares taxes on the wealthy and includes 45 bil
Arizona man missing since flash floods hit a popular swimming pool. Even the research and rescue people could tell they were just in awe. They were caught very off guard. They dont know what to do. So everybody was just surprised. It was horrible. The latest on the intensifying search. The companys stock is surging after subscriber growth was 2 million more than it. Breaking down the numbers as the stock trades at 10 right now. But as the they will set features indicating a higher opening but a big day in terms of secondquarter earnings. We will have all the numbers for you. Health care coming out as we speak. In europe this morning, indices look like this. Really a mixed market this morning. Ft 100 up this morning. Dax index down half of 1 . In asia, mixed market to report. The shanghai composite up a third of a percent. And he came japan down two thirds of 1 . Winter has come and things are heating up for hbo. The game of thrones season premiere broadband coming up. Joining me to tal