Laura. Jim, one of those every now and then we get a day that is truly consequential and that certainly fits at least the expectations for powells speech. I wish that we hadnt come in so hot when you have a company that gains 50 billion in one day, salesforce, when you have a tremendous number of nasdaq stocks that have just kind of out of control to the upside you dont want to have anything that could disrupt that i think its heightened, im glad were covering every minute of t david, you know that this is a day that we would normally be talking about abbott labs and talking about the mysterious tiktok mayor issue which are both huge stories but we have to defer to jay powell. We do we have to defer to powell we have to continue to understand what the fed Balance Sheet will look like with that 3 trillion thats been added to it which is a staggering sum, guys jim, your point is well taken. Yesterday salesforce i have rarely seen anything like that move, yes, they were extraordinarily st
Facing another grilling from lawmakers about the safety of the 737 max. Risks facing the stock Halftime Report starts right now. All right. Good to have you with us on this wednesday from post 9. Our Investment Committee here. Lets begin with the markets the count down to the fed. Investors expecting a cut, but it is the what comes next that matters most of all. And for that we bring in Steve Liesman, who is at the fed today. Thats what everybody wants to know, right . Everybody knows a cut is coming. Its whats next. What i think will happen is powell and the committee will carve out flexibility to react more to the data i think the issue, the way that powell probably not going to put it this way, but simply to understand it is we may cut next time we may not cut next time but were definitely not going to cut were not definitely going to cut is a good way to think about it in other words, the market is building in automatic cuts from meeting to meeting and i think powell will want to b
Warlike situation, relationship changed but the dependency of one group on the other continued. It was either about money or influence by them is pretty much prevalent in different ways through different presidencies weve had throughout our history but the history i cover specifically since Teddy Roosevelt administration until today. Host is there a reason you picked that starting point . Guest yes. First of all it was only so much time i had an life basically to do a couple of centuries versus one but really what happened was as we know there was a crisis, a crash, black tuesday 1929. Not want to start the book but when i realized when i researched that crash was a couple of the bankers that were most connected to the crash and most concerned about it including bankers from the morgan bank bank which we now s j. P. Morgan chase, if you trace them back, traced back to j. P. Morgan and j. P. Morgan was one of the league bankers in the country from 1890. There was this through line of in
Started arresting protestors ahead of the Third Straight weekend of protests in Hong Kong Shanghai composite finishing the day in red european european equities here we are higher across the board german dax is up by almost 1 and almost 1 gains in france as well as for treasury yields, amazing to think that the ten year yield was at a three year low earlier this weekend 1. 443 were now at 1. 526 with the two year 1. 544 so the inversion remains exact. A new journal piece says that states attorney generals are taking issue with that proposed opioid deal with purdue. It will settle with a 2 billion settlement it will link much of that with future sales of oxycontin. Some states want the family itself to guarantee a larger cash payment up front. Others didnt like parts of the plan that calls for purdue to claim bankruptcy and emerge as a Public Benefit company theyll ask for an update today about where negotiations stand, he said he wants at least 35 states on board although a deal can mo
There is more analysis on our website now, time to cross over for the Business News with Asia Business report. Grilled on the hill. Investors brace as the fed chairman faces questions. Delis metro initiative. While women are welcoming the free travel scheme. Why women. Good morning asia, hello world. It is wednesday thank you forjoining us for this edition of Asia Business report. We kick off the programme with america because the chairman of the Us Central Bank is said to start two days of testimony in front of lawmakers. Investors will be scrutinising his comments or signals of when and by how much Interest Rates will be cut in the coming months. As our reporter tells us from new york, the central bank has faced repeated tanks from President Trump. Jerome power will be keen to talk about Monetary Policy during his two days of testimony. Jerome jerome powell. Jerome powell. But jerome powell. But he jerome powell. But he may jerome powell. But he may not be able to steer clear of wash