Expectations. There are concerns over lower Interest Rates, that did dampen profits, but that certainly helped markets overall trade up. Joining me now to look back and ahead is the founder of pointview Wealth Management and the president , david dietz with 400 million in assets under management. Its great to have you. This week i feel like it was a lot about the Federal Reserve. On friday you had the president of the new york fed saying, what did he say, lets prevent an ounce of prevention is better than getting behind. So he was advocating a 50 basis point cut in the rate from the fed in two weeks. Whats your take on what went on this week . Well, certainly, i think the fed is the number one story, of course, despite it was the start of earnings week, and the question is will they or wont they next week in terms of a rate cut, and if they do, how much. Were kind of getting baked in for a quarter point cut, but then, you know, williams came out yesterday and talked about when you have
Expectations. There are concerns over lower Interest Rates, that did dampen profits, but that certainly helped markets overall trade up. Joining me now to look back and ahead is the founder of pointview Wealth Management and the president , david dietz with 400 million in assets under management. Its great to have you. This week i feel like it was a lot about the Federal Reserve. On friday you had the president of the new york fed saying, what did he say, lets prevent an ounce of prevention is better than getting behind. So he was advocating a 50 basis point cut in the rate from the fed in two weeks. Whats your take on what went on this week . Well, certainly, i think the fed is the number one story, of course, despite it was the start of earnings week, and the question is will they or wont they next week in terms of a rate cut, and if they do, how much. Were kind of getting baked in for a quarter point cut, but then, you know, williams came out yesterday and talked about when you have
Interest rates, that did dampen profits, but that certainly helped markets overall trade up. Joining me now to look back and ahead is the founder of pointview Wealth Management and the president , david dietz with 400 million in assets under management. Its great to have you. This week i feel like it was a lot about the Federal Reserve. On friday you had the president of the new york fed saying, what did he say, lets prevent an ounce of prevention is better than getting behind. So he was advocating a 50 basis point cut in the rate from the fed in two weeks. Whats your take on what went on this week . Well, certainly, i think the fed is the number one story, of course, despite it was the start of earnings week, and the question is will they or wont they next week in terms of a rate cut, and if they do, how much. Were kind of getting baked in for a quarter point cut, but then, you know, williams came out yesterday and talked about when you have very little gun powder, use it off quickly.
Were sent from here to north to support the war on the capital. Libyans living here say french an Iraqi Military officers were seen in have to hit a quarter of that money or have the kind of fact that it was a nightmare under the rule of half their forces they misuse the citys facilities including hospitals which became overcrowded with their casualties. Life is turning to normal but the fighting has taken its toll on the peoples lives Government Forces are in full control of the city some of have those forces have retreated to the nearby town of. Others to the city of daraa who are now but this is the way seen anybody and remains tense and people here are worried that after those were planes could target Government Forces within the city. Hold out there were hate. Still ahead in the show wildfires in spain and record breaking temperatures in france here thats on tracks of being the hottest on record. And were appalled from flint michigan where the crisis overturns it was or is far fro
Picture. Goldmansachs expects the fed to begin easing in q2 of next year. Also ahead, were going to talk about what is next for the tech sector. This is in the midst of whats been a rough august at least so far. Were down 7 month to date. And letter x Surging Company rejects an unsolicited takeover offer from its rival, cleveland cliff. Lets get some other news, though, as well, as we start the show paypal has a new ceo whoa. Yeah. Alex, who currently runs the Small Business and selfemployed group for intuit, is going to take over from paypals longtime ceo dan shulman on september 27th according to members of the board a little earlier than expected they conducted the search for paypals new ceo shulman will remain a paypal director until next may. Chriss being hired was a result of the process where the board interviewed nine ceos. They reduced that pool to four candidates and then they chose mr. Chriss members of the Board Selection Committee tell me he impressed them with leading a d