It is an extraordinary day. We are to have a conversation here on what do you do with your money given what we have seen. The fed upstaged by the bank of england today with actual talk about the process to affect negative Interest Rates. Jon they have stepped up the flirtation, that is for sure. In the last 24 years, the whole thing is relatively ridiculous. Theyre forecasting 4 unemployment for 2020, 2 inflation with rates still going nowhere. If they are willing to tolerate that, rates are going nowhere for a long time. Tom the dissidents of the press conference was some really weak questions. Right near the end, mike mckee stopping traffic with a question about the efficacy forward, the path forward for the fed. It is a mystery. Jon you brought up this News Conference a couple of times. Do you want to vent a little bit . Tom im going to vent. Im doing this with jon, who has real experience in europe. The questions that the ecb and see morengland informed them what we see in washingt
To the inability to get a nafta replacement deal done with mexico and canada, to the federal reserves lack of sensitivity to the strong dollar put it all together and the industrial economy just cant catch a break. And thats why the market exploded higher on that robust employment figure. Dow gaining 373 points, s p soaring 1. 2 nasdaq surging 1. 40 it didnt hurt that we were oversold look, i know the Unemployment Rate is down to 3. 5 lowest in nearly 50 years. But it has to do with the makeup of the economy the manufacturing side of the ledger is not just doing that well the weakness in manufacturing hiring gives fed chief jay powell all the ammo he needs to justify cutting the federal funds rate that may make it more in sync with the traditional curve of low short rates to higher long ones normally, you wouldnt expect the fed to hit the accelerator with the jobless rate this low, but wages are still stagnant and theres no inflation to speak of basically, if powell is asking himself,
Slower Consumer Spending early in the year. Not affecting stocks at the moment as we see the dow with little change and the s p and nasdaq gaining at the moment. Lets look at individual stocks. I wanted to look at amazon and what we have seen so far this year. Shares were up about 9 today were up to date and 9 year to date and they are expected to close at a record depending on gains. Amazon is going to be raising its amazon prime fee but only for monthly customers. Most are annual, but the monthly fee is going up to 12. 99 from 10. 99, but they have been a on a good run so far 2018. Mark carney season continues to ramp are earning season continues to ramp up. Ibm coming out with increasing sales for the first time in six by as muchit is not as cloud computing, said those shares are down. American express spending more for its customers. In other words, getting more and rewards. Those costs are going up. Jeff campbell says renewing its aret deals were going going to crimp money this ye
Iowa avenue in northwest d. C. But theyre having problems getting access to that house. News4s derrick ward is live from the scene in petworth to explain why. Good morning, derrick. Good morning, well you just take a look at this, you can see the fire started of the house on the far end there. And it was vacant. Under renovation. Now the house next door, eight people got out of there okay. But they got to find someplace else to stay for a while. Its this one is completely uninhabitable. Its gutted. They cant get in there to search to see if there was anyone inside and exactly why this fire started. Theyve got a lot of work on their hands. Take a look. Flames were engulfing this home on iowa Avenue Northwest just before dawn before anyone had dialed 911. Ambulance 24 was hurricaning to the firehouse, they noticed this fire. It was becoming evident to the people next door that they were in danger. They smelled smoke. My wife said hey, somethings burning. We got up and checked, when i tur
With toni collins in new york. With tom keene. In new york. Tom i agree with you totally. How alone is mr. Ewinger in strasburg . Francine he struck a very different tone to the past years. This was a ewinger that was very reflective. He thinks the European Union is frail and the 28member countries, 27, if you leave out the u. K. , are pretty weak at the moment. Heres sebastian in london. Good morning. Breaking news, a new Bloomberg Politics show shows trump leads clinton 48 43 in a twoway race. The public and president ial candidate polled strongly among white men without a College Degree. Hillary clinton faced a lot of acklash when she referred to some Trump Supporters in a negative way. And still the Russian Authority they say syrian troops have not returned the fire. A panel of british lawmakers the overthrow of muammar gaddafi, they say it was based on bad intelligence and faulty asutchingses. They said the Prime Minister at the time didnt properly towards threat. The u. S. Has ag