A very warm welcome to Worldwide Exchange. Im will ford frost. Im seema mody. Take a look at how u. S. Equities are performing in premarket trade. You can see a significant move to the down side with the dow jones off 141 points nasdaq, lower by 62. The s p off by 21. This as weve seen a Global Market reaction to the north korean provocation japanese stocks at a fourmonth low, wilfred more on the markets around the world. The developing story that seema just mentioned out of north korea that nation launching a Ballistic Missile. The move prompting warnings for residents of japan to take cover. Shinzo abe calling the launch reckless and a significant theft. The u. N. Security council is holding an emergency meeting to discuss north korea. Cnbc live in japan with the latest good morning good morning to you, wilfred. Like so many people here in japan, we were woken up around 6 00 a. M. Local time with the latest launch from north korea triggering a nationwide alert. Broadcasters breaking
Or the if he or she was going to school, we go to the bureau of labor statistics and come up with a number, annual wage number as if they were working at the age of 25. So if somebody died who was 5 or 10 or 17 or going to school, we have the formula included in this program. And whether or not they had any dependents. Thats all we need to know on track a. Thats all we need to know. Now, we can meet privately with individual Family Members if they want to talk about other things. Thats find. That is fine. Thats fine. Welcomed. But under track a if somebody will just provide us the age of the victim, how much that victim was earning at the time of the accident and whether they have any dependents, thats all we need to calculate a track a award based on National Statistics about what that person would have earned over a lifetime. The claimant doesnt have to file track a. Its up to the claimant. But if the claimant wants a quick, prompt processing of his or her claim under track a for dea
Investment is advancing while the recovery in the housing sector remains slow. Inflation has continued to run below the committees longerrun objective partly reflecting declines in energy prices. Marketbased measures of inflation compensation declined somewhat further. Surveybased measures of longer term Inflation Expectations remained stable. Skipping over redundant language from the last statement, the fomc expects inflation to rise gradually toward 2 , its target as the labor market improves further and the transitory effects of Lower Energy Prices dissipate. The fed keeps the fed funds rate at 0 to a quarter percent. No change there. Skipping ahead to the new language. Quote, based on its Current Assessment the Committee Judges that it can be patient beginning to normalize the stance of the Monetary Policy. The Committee Sees this guide against consistent with the previous statement likely appropriate to maintain the 0 to quarter federal fund rate for considerable period of time fo
Because of all the issues we had after the government shutdown. We get the unusual dump of data. Thats been something weve been waiting to see because the Housing Market is one the fed watches closely. There are a few corporate reports of note today, as well. Before the bell, we get Quarterly Results from fedex, General Mills and menards. This afternoon, we have oracle to report, too. This morning, youre going to see right now dow futures are up by about 358 points above fair value. S p futures are up by 6. I dont know what that tells one if they think the fed is not going to taper. But, again, a gain of about 58 points and, andrew, ill send it over to you. Thank you, becky. We have some corporate stories for you this morning. Amc Entertainment Holdings priced their ipo at 18 a share. That was at the lower end of the initial range. The second largest Theater Group in the United States will begin trading this morning on the on new york stock exchange. Also in mergers and acquisitions ne
What we have said about whether is a little bit complicated and confusing. Let me say between december and january, the Committee Cell Data Committee sought data aboutas more optimistic the outlook. Incoming data since january, when our statement sounded quite ne, probablyc town down due to weather and we probably overdid the optimism in january. March,ake december to the committees views are largely unchanged. You have been you served on the fed previously. I am wondering, as chairwoman, what has been different about being on the fed and your responsibilities as chair . I feel i am very lucky i have had a lot of that experience to draw on. As i approached this role because it is complicated and in many ways, i feel the buck stops with me. In terms of management of the fomc and responsibility to ensure the Federal Reserve makes progress on its goals of getting the economy back on track and making progress on our Financial Stability in regulation. I feel the weight of responsibility kee