Well as the isn services index. Market desk where julie hyman has all these. Julie we recently got disappointing news on the manufacturing, but disappointing on the nonmanufacturing front as well. Service industries expanding at the slowest pace in six months. We saw the biggest month over reading ofase, a 55. 9 for the month, that is worse than estimated in october. Again, thats isn noninfection composite, 55 point point 50 59, 58 is what economists had estimated. Factory orders, excluding transportation in line with estimates, a gain of 2 10 of 1 , then good orders, this is the final reading. We have to limit our numbers and it looks like a reading of 2. 9 , an increase of 29 next there, up half of 1 and we have a capital goods orders numbers as well if you exclude aircraft, you get a decline of nondefense if you exclude nondefense as well, you get a decline of a half of 1 . The number that stands out is that Services Number coming in worse than estimated. Below0 making expectation.
You are listening to janet yellen. Earlier today, mario draghi. Ecided to cut the deposit rate joining me now is Michael Mckee. Michael she made the same point she made yesterday, the economy you wouldo the point want to raise rates. Unemployment is close to its neutral rate. She made the same point to congress that she made to investors yesterday. The sed cannot the fed cannot afford to wait longer. Heres what she had to say. Betty we do not have that available. Michael if they wait too long, they will have to raise rates faster and perhaps farther. Away that a lot of people looked at yesterday, why they believe the fed is going to go into summer now is because she is signaling they do not want to wait longer. She did hint that the fed might be behind the curve. Michael it is much easier. They know what to do to respond to inflation breaking out. They would like to get started because they want to have ability to respond without additionalesort to qe, which they feel has lost its abil
Any questions for the fbi . Have you found any information that says that he did this in the name of religion or that or with all this ammunition as part of a larger group and a larger plot or maybe he was planning a different attack and got ticked off and decided, okay, im just going to turn on these guys. Again, if you look at the amount of obvious preplanning that went in, the amount of armaments that he had, the weapons and the ammunition, there was obviously a mission here. We know that. We do not know why. We dont know if this was a the intended target or if there was something that triggered him to do this immediately. We just dont know, and, again, thats going to take time to get to that answer. Was he in touch with subjects, international subjects, that the fbi or the authorities were interested in overseas by phone or by social media as cnn has reported. International subjects, were still working through that. We know there was some International Travel. They came into the u.
Why would you be interested in an insurance policy wax those files often contain the blueprint of the buildings he insured. Allied air forces have the blueprints particularly useful when theyre trying to figure out how to bomb the structures. In november 1942 just after the allies invasion of north africa, dulles slipped into switzerland with orders from donovan to penetrate nazi germany. In burnie set up what amounted to a mini cia running espionage operations funding guerrilla missions in occupied france and italy and inundating washington with Foreign Policy advice. Most of it unsolicited. They were not interested. For his step dulles recruited a handful of americans living in switzerland. One of them was married bankrupt, and american socialite who eventually became his mistress. He had scores of informants on his payroll. Many of them turned out to be professional snitches who often passed the same sequence to the germans in the morning, british in the afternoon and to dulles in t
Of your policy making and the effectiveness on your policy may be really regarding some structural changes that may be occurring in the result of the fact the result of the majority has been stagnant. And it seems to be a disconnect from some of the policy or the theory i remember learning years ago in economics that normally when you have increases in productivity, that productivity translates into higher wage levels. We have not seen that in recent years. We have seen productivity has gone up significantly more than wage levels. And if youre looking at formulating Monetary Policy, youre looking at aggregate demand and how you get that demand is income in the economy and wages. You mention that consumers are 80plus percent of it. So the more money consumers have, the stronger the economy is. And yet if it is not growing from wages, then it has to grow from them taking on debt. And yet if we look at the fact that wages have been stagnant, were seeing consumers are starting to deleverag