Fed governor saying the fed is likely going to need to shift its Monetary Policy from a policy of stabilization to a policy of accommodation which means helping the economy achieve the level of growth that it has previously. Remaining low until certain Employment Outcomes are hit. A thick fog of uncertainty now surrounds the United States. She goes onto say the Downside Risk dominates the strength will depend on Additional Support along with Monetary Policy. She urges fed emergency facile tills to be as broadly accessible as possible perhaps a concern on her part that maybe some of the current facilities are not. Melissa. Does she sound much more pessimistic compared to other Federal Reserve Board Members . She does sound somewhat more pessimistic but the fed overall has been more pessimistic than the market this continues that concern. The concern about uncertainty that really has been a consistent note from fed chair jay powell but perhaps youre right, shes more pessimistic especiall
Underperformance of Large Cap Technology and outperformance of value. Guy, what did you make of the action today so i know you remember everything, so you may recall yesterdays show every once in a while something sticks with you, like an onion or Something Like that, yesterday there was something said on the show that resonated with me. We were talking about the vix. He correctly said just because you have an elevated vix, its not any deby definition a negate thing for the market today illustrated that exactly im shocked by todays performance. The reversals we saw yesterday should have followed through today. Maybe that happens tomorrow, i dont know what i make of it is the resilience of this market continues to be unprecedented, in my opinion. Still label me a skeptic lets pause this conversation we have some breaking news from moderna. The stock is up in the after hours session. Meg . This is the phase one study of modernas covid19 vaccine program. The full results being published i
Critics say engineering may be doomed to fail. Im still go welcome to the Program Russia and china have again vetoed an attempt by the Un Security Council to continue to monetary and a difference to rebel held territory in syria friday is the last day that aid agencies are allowed to bring food and vital supplies over the border to rebel held areas of it live and aleppo provinces 13 countries voted in favor of extending the permanent members russia and china oppose the resolution humanitarian groups say cutting off the aid could spell disaster for millions of civilians. The food deliveries a lifesaver for the food the families who found shelter here on the turkish border. They fled homes destroyed by asterix very few of them have enough money for food theyd be lost without help from outside. Obama its one thing to be bombarded by fighter jets and to be locked in without food is much worse its a slow bloodless death. Almost 3000000 people in northwest syria depend on food aid like this.
Critics describe the move was a provocation. Im fogel welcome to the Program Russia and china have again vetoed an attempt by the Un Security Council to continue humanitarian aid deliveries to rebel held territory in syria friday is the last day that aid agencies are allowed to bring food and vital supplies over the Turkish Border to rebel held areas of aleppo provinces 13 countries voted in favor of extending the aid but permanent members of russia and china opposed the resolution humanitarian groups say cutting off the aid could spell disaster for millions of people. The food deliveries a lifesaver for the food the families who found shelter here on the Turkish Border. They fled homes destroyed by asterix very few of them have enough money for food theyd be lost without help from outside. Obama its one thing to be bombarded by fighter jets and to be locked in without food is much worse its a slow bloodless death. Almost 3000000 people in northwest syria depend on food aid like this.
Coronavirus vaccines produced neutralizing antibodies in all 45 trial patients. One analyst just gave it the highest price target on the street he will join us. Power lunch starts right now welcome, everybody great to be with you the Federal Reserve has released its beige book for a closer look at the economic recovery well have more on that as we dig through the headlines. We want to get it to you fast, we want to get it to you right we want to go to bob for a check on the markets hello there, tyler. We are sort of right in the middle of our 40point trading range in the s p 500 weve been stalling out at the 32, 33 level thats where we started the year thats where the june recent highs were were having trouble getting over that. The s p this week, about a 100point range. The good news, optimism on vaccine. The bad news is the reopening reclosing story is murky, causing a lot of stocks momentum apple up tech down today. Travel stocks, you see the optimism on the vaccine front, travel st