Nasdaq up by 33. However the new york fed, bullard as you mentioned and others are pushing back on this idea that a bigger cut will be coming the new york fed itself putting out headlines saying that speech was not about potential policy actions at the upcoming fomc meeting, this was based on Academic Research done by John Williams i dont ever recall hearing the fed walking back what somebody was out there saying a lot of fed president s have spoken to us over the last 10, 12 years at this point pushing become a bit on that. Lets look at what happened overnight in asia. You will see the nikkei was up by 2 . Big swing back for it. Hang seng was up by 1 the shanghai up by 0. 8 . Again, the nikkei reversing course after the weakness we had seen the day before. European equities this morning, you will be seeing green arrows there. The dax is up by 0. 3 . The cac and ftse up by 0. 2 . Italy and spain weaker italy down by 0. 9 look at the treasury market. Right now on this friday were headin
Individual stocks literally minutes from now. All right. Watch out, google. Peter thiel is coming after you and so is the president. Thiel appeared with Tucker Carlson last night. He wants the fbi and cia to investigate. He implies google is a National Security threat. He thinks china wants to infiltrate googles Artificial Intelligence operation. He offered no evidence of that infiltration. Now, thiel is a very powerful man and the president has been listening. About investigating the company, the president tweeted the administration will take a look. Googles stock this morning, this tuesday morning, premarket, down eight bucks at 1142. Watch out facebook and its libra currency. The treasury secretary has quote, very serious concerns about its use by terrorist financiers and drug dealers. Theres a hearing about it on capitol hill this morning. Facebooks stock this morning premarket is down only a fraction. A mere fraction. Is this a joe biden gaffe . Hes made promises about his Health
Modest moves in the stock market. Orthis month has been big investors. In fact, it could be one of the very best for longtime. Optimism has been improving but toomy there was caution ahead of the trade talks between the u. S. And china which are set to take place later this week at the g20 summit in pan. Today the Dow Jones Industrial rose to 26,727. Nasdaq was down 26. 5. E s p was down today despite these small moves, recent rallies have sent the major indexes close to new highs. But does this months move higher have staying power . Mike santoli takes a look. Reporter this tripo a fresh record is perhaps the most confusing in terms of how it happened and what comes nexnd its come with treasury yields anchored near 30 month lows, recession fears slowing and manufacturing stalling. The rallyas been driven by defensive stock sectors such as utilitieas and gold broken st to a multiyear high. Investortiment has been quite cautious. Purely based on the historic probability, the market at a
Tensions rise even further in the gulf. Iranian forces seize an oil tanker. Shery lets get you started with a quick check on how markets closed on thursdays session in the u. S. Equity indices mostly lower for most of the session before they saw a rebound after the dovish comments coming out of fed officials. , being led up. 4 higher by financials and consumer stocks, not to mention the fact that chipmakers gained ground. We had a positive outlook from an apple supplier. We had some geopolitical news being felt across the market. We had u. S. Equities gain a little bit of ground after we heard the report that iran offered is attentive deal a so antative deal to the u. S. Substantive deal to the u. S. Are paring back earlier gains at the moment unchanged. Lets see how we are setting up for the asian market. With that being said, is just off look set to track the event we saw on wall street. Kospi may find support after a twoday drop. Calls for fiscal stimulus from the government after t
Im peter erwin at the new york times, also author of the new book how to win in a winner take all world. Im presiding over todays discussion. Its a great honor to have jerome h. Powell with us today. He joins us today at a fraught moment for the World Economy and for the fed. Previously, he was a fed governor. Before that, he worked for the bipartisan policy center, carlisle group, and the u. S. Treasury department. Well begin with a few prepared remarks by chairman powell. [ applause ] thank you, neil, and good afternoon. Its a pleasure to be here today. So im going to begin with a Progress Report on the broad public review my Federal Reserve colleagues and i are conducting of the strategy, tools, and communication practices we used to achieve the objectives that congress has assigned to us by law. Maximum employment and price stability. The dual mn datmandate. Then i will discuss the outlook for the u. S. Economy and Monetary Policy. I look forward to our discussion that will follow.