Welcome to the National Economists club 2019 senator mitch are account. Im happy to say we are having a better year, our Weekly Lunch Program is enjoying great attendance. We have rich diversity of speakers, intellectual diversity of the field. We come to one of our two major events of the year, our summer signature program. I want to thank two friends, two sponsors that made it worthwhile. In for him is a research and consulting firm, very much embodies the tradition of innovative Economic Research at the university of maryland. Our friends at the National Association of realtors since 1908 they have been the voice of the Real Estate Community in washington and provided some invaluable economic data, Economic Research and the critical sector of the economy. With those organizations supporting us with this large and distinguished audience behind us we come to a moment, i cannot imagine a better marriage of a moment and the speaker, then what we have today. James bullard is really a man
The trade fight drags on, theres going to be a recession by next summer. Right before the election. Both sides have dug in. All signs point to a lengthy fight. Thats that. Now the market. Following that huge selloff, we have a modest comeback this morning. Down 767 yesterday, maybe back up 100, 200 for the dow at the open this morning. The s p was down, what, 2. 5 yesterday. Its coming back this morning, less than 1 . The nasdaq which was down 3. 5 yesterday, back up 1 this morning. This is not a robust rebound so far. Modest, at best. Check Interest Rates. The yield on the tenyear treasury this morning coming in at 1. 75 . By the way, more rate cuts likely coming from the fed this year and rates in europe are still heading south. Hard to believe. Hardly any government over there pays any interest at all. As for the flight to safety, the price of gold this morning at 1478, up another couple of bucks. Oil, not calling that a flight to safety but a key indicator, 54 a barrel. So how you
Trading resuming after all three major averages closing in record territory on wednesday and markets of course closed yesterday for independence day. Jobs report out in just over two hours. Economists are expecting 160,000 jobs added to the u. S. Economy. Unemployment expected to hold steady at 3. 6 . Joining me this morning, fox business jackie deangeles, max funds. Com cofounder, jonas and chief workforce analyst joanie courtney. Thank you all. Good to see you. One day after the holiday. So jonas, what are you expecting from the jobs report . Im expecting it to be a little weak, actually. Based on adp or Something Else . Based on the bond market. I dont think all these Bond Investors are wrong. I think were under a 2 yield because the economys slowing globally, not just here. Mostly globally, actually. If thats not what we get, the bond markets crash a little today and Interest Rates should go back up. Theyre basically pricing in a slowdown. I think stock market invests, which is at
Hit constituencies of the greek crisis and they helped elect cities are in january 2015 to endorse territory in july that year in a referendum 62 percent of greeks voted against further austerity instead cities are capitulated to greeces 3rd emergency loan and harsher spending cuts about turn was unpopular but it balanced the budget and kept greece in the euro zone there are many people who voted series are in. Because syria series that had been promising their. Unrealistic. Achievements theyre voting them out because. They did the right thing they did what was proper pragmatic and practical if usable. Last year greeces eurozone partners who were its main creditors said it was no longer dependent on their emergency loans and was fit to return to the markets cities or pronounces it a victory. We came to unite all the greeks we combined our stream without this unity we would not have emerged from our stare at the austerity policies that are so unpopular opposition parties could not resis
Gomel to the Northern Capital of russia, find out from the panorama about the cost of tickets to st. Petersburg, flight frequency and prospects for civil aviation. A historical date in the history of sovereign belarus the country celebrates Constitution Day today. 30 years, by the standards of history, this may not be such a long period, but for people who stood at the origins of our national statehood, definitely an important milestone. Today, a detailed conversation took place at the palace of independence, this is a kind of assessment of the path we have traveled, and how we see the future of the country. Representatives of different generations of spheres, judges of the Constitutional Court, senators, deputies, managers, public figures, leaders of political parties, scientists, each of them in one way or another, participated in the development and improvement of the first and only constitution of the sovereign republic of belarus, contributed to the economic and social development