Things where its always on the horizon, were about to do it. I think they will do it. That will take a huge uncertainty out of the way, usmca, nafta 2, getting that out of the way. The other thing to avoid is a trade war with europe over auto parts and imports. With all the optimism, bank of america said 68 of managerses think the markets going to be good. Thats usually a bearish sign. Lauren i know. When everyone starts saying things are so good, mitch, you study this, you know the stock market, does that mean you should go in the other direction. Not necessarily. Think about what happened last year. We were worried about the fed raising rates. This year the fed lowered rates three times. The markets are sending them a message, saying we like lower rates. I think fed talk will be the thing to look at. I would look at corporate earnings next year. Baked into the market this year is the fact that next year will be a good year for earnings. Last year was a meh year for earnings. Lauren i
Anything and i have nothing to add to that. Because that seems absolutely positively correct the fed will keep rates unchanged and possibly have a message that they are kind of encouraging inflation to go higher one of the most important statements that i think has gotten less play than it should is jay powell said in late october we would have to see rise inflation persistent to consider raising Interest Rates to fight inflation so the fed wants inflation to be higher actually. And theyve contextualized this by saying 2 was our target for many years and we fell short and now we need to fill the gap of which makes no sense to me whatsoever i think it is cover for wanting Interest Rates to basically be below the inflation rate which is the game planner for central bangs and developed countries really around the world and so now we have the tenyear treasury yield and the core cpi is up higher than 2 and yet the Interest Rates are kept below that so foed knows that we have a det roche in
With a exactly provoked this violent attack. Thats the latest. Im melissa colorado, nbc bay area news. Still active investigation. Thanks so much. He tried to steal a van from a nearby car dealership. A shirtless man ran up and tried to grab the keys from a salesman preparing for a test drive. The employee fought back, punching the suspect. He tells us he stopped the man from carjacking another driver. Obviously, if anyone tries to take anything from me, im going to defend myself. I didnt know him. Didnt care. My whole thing was i wanted my car. Fortunately, he wasnt seriously hurt. The suspect was arrested a block away just minutes later. We sent out an alert on our app. Its free to download on apple and android devices. Pg e promised it would do a better job in communicating power outages. A lot of people saying they dropped the ball again. They are getting mixed messages when and if their power will be cut. This is prompted by our high winds and dry weather. Eight of the nine bay co
Our sample is a small one. But the only city that has the item on its agenda for next week. And people preparing, yeah. This safeway we are of ice her in mill valley. Reporting from southern marnin, mark matthews. Well show you which neighborhoods could go into the dark. Take a look at the east bay for us. It includes homes in the berkeley and Oakland Hills and this section right here. It also includes almost all this area, as well as homes up to the east side. Now the planned Power Outages include parts of mill valley you see right here all the way to the pacific ocean. It also includes the western part of nevado. Finally, the wine country includes a corner of santa rosa, just right there, just this northeastern corner. Communities along 101 and then big portions of sonoma here, napa counties and right here just west of fairfield. Again up to 110,000 customers could be affected by these outages. We have made it easy for you to see if your home is in the map. You can zoom down to the s
Mark on that Company Power lunch starts right now and welcome to power lunch. Im melissa lee. Were looking at the markets right now but this is not telling the entire story intraday, thats the story we went from session highs in fact intraday all time high on the dow industrial to a low. On a dow jones headline about u. S. china trade talks hitting a snag over farm purchases well get the latest and monitor the latest reaction for you. Thank you, melissa. Were going to go now to washington and Kayla Tausche who has been following trade for us for many months now and has the latest headlines and some context. Kayla . Well, tyler, the headlines that are moving the market lower from the wall street journal which says that china is balking at putting a specific dollar figure of agricultural purchases into the deal text remember, this was supposed to be a good will purchase primarily centered on intellectual property selections and stopping chinas practice of forcing Technology Transfers but