Nasdaq declined. Everyone acts like this a totally by narcoticry si bianar. The fed tightened nine times and weve had a phenomenal bull run here im not saying the fed doesnt matter Jerome Powell almost drove the economy off the cliff when he was determined to raise Interest Rates. Ill be watching him like a hawk or maybe a dovish hawk when he speaks to congress however, i think far too many people are misreading the fed and more important, they are misreading the moment first, let me set the stage. Lets talk about the economy after gaining strength for the better part of a decade, the economy started losing steam last fall. The Business Cycle is a tricky thing. It can speed up or slow down for any number of reasons. We dont need to know the cost we just need to notice that a slowdown is happening. The problem late last year is that they didnt notice. They didnt notice in 2007, either something they get wrong now and then if you look back at the period since the fed started tightening,
Okay days. Lets be more than our allergy. The white house. And this is cnn President Biden set to deliver the speech of his career tonight, his third state of the Union Address. Were learning details about how hes expected to make his case for a second term tonight is some of his allies are begging him to fight harder. Plus developing now President Biden will direct the us military to create a Temporary Port In Gaza to deliver aid. How soon that relief could come as the un says, israel blocked nearly half of its aid missions into gaza just last month, and his hope is dwindling that a Ceasefire Deal will be done before ramadan. Plus researchers looking inside the brain of a killer what they say reveals about the maine mass shooter who killed 18 people and then turned the gun on himself. Were following these major developing stories and many more all coming in right here to cnn news central tonight. President Biden Will Delivery Pivotal state of the Union Address that will double as a sa
To sell themselves as soon as possible, this task of several banks of the natraz Credit Institution and obliging the banks to sell their excess assets was one of the issues raised in the recent meeting of the heads of the powers, the disagreements that the president of our banks three categories one healthy and good banks, banks with problems , but the possibility of reforming and revitalization, 3 problematic banks, which cannot be reformed. We are taking quick action regarding the third, we will remove them from the monetary and Banking System so that the situation of the Banking System will be corrected, and the head of the moghneh authority emphasized on fixing them in the Banking System. And due to the dissatisfaction of the banks, the head of the judiciary has repeatedly mentioned the need to deal with the delinquent banks. Mr. Bank, if you are not satisfied. If you have an overdraft. If added your withdrawal will increase liquidity, who is responsible . I believe that we have no
Rosa. Am i going to sal . Is he here . I dont know whats going on. Sal, take it away. 80s. You heard me. B52s. You know, a friend of mine just saw them in las vegas. Said they were fabulous. Theyre still going after all these years. Steve, arent you and me both. Good morning everyone. Theres nothing going on. As you might imagine, yesterday we had a big problem on highway four thats been obviously cleared. We dont even have any slowing traffic there yet. Right now, we have a nice looking commute here at the bay bridge toll plaza. It looks pretty good. There have been no major issues, and traffic is also looking good on all the other bay area bridges. As we look at highway four on the camera here, everything looks fine. 401 lets get back to the headlines. All right, sal, thank you. Well, Los Angeles Police are now on the campus of ucla. Theyre trying to break up clashes between propalestinian and jewish demonstrators. A reporter from the cal matters news site, sergio olmos, recorded the
Is it lagging 1 and a half percent and the auto industry. Travel measure is down one percent. And some retail is see some decline at 1 also. Is this the number one story for investors this morning. New records being broken. This is the first time touched that. Earlier on in the week, japan had to come in and do a bond buying operation to sustain some of the higher yields. What is the fund . She shrugged it off and continues to fire. The trend is a lot of moves higher to your treasury notes sitting at 5. 1 . This is a higher than average narrative. And it is now 30 . December is now priced for 57 of a 25 basis hike. That is the highest that we have seen since august. And after ten year notes, were sitting at 4 headlight 62. A lot of people have been talking about that as well. And these are ten basic point higher. That is a 16 high at this points. Lets talk about the german yields. We have the curve and the inverted tier as well sitting at 3. 22. The interpretation from the market is th