Brexit and Global Stabilization may mean a gradual may mean gradual hikes, but they did change the ascension on brexit for their latest projections. They wound up looking at brexit for their latest projections. They see inflation not hitting 2 until two years from now. Most importantly, two dissented and voted for a rate cut up when he five basis points. We are joined by bloombergs nejra cehic outside the bank of england. You are looking at these headlines the same way i am, as they come out. What stood out to you . David yes nejra yes, that ters, one ofo dissen whom was michael saunders. If there had been 80 dissenters, he was one that was expected. That split vote had been any dissenters, he was one that was expected. That split vote coming as a surprise. I am just taking a look at some of these headlines here. In terms of cutting the inflation and growth forecast, that was expected for both 2020 and 2021. It really is that split vote that has come as a surprise because all of the ec
Disney leaps in late trade with quarterly profit topping estimates as the lion king roars at theaters and theme parks stay strong. Kathleen lets take a look at how asian markets are opening. The asx 200, a little bit higher beenthe 6726, which had the biggest advance in three weeks on the market close yesterday. Now to nikkei futures, a fractional move higher. There is uncertainty about the trade war deal getting done. That will weigh on japanese stocks. Stocks had risen for a third day yesterday, but there could be a fourth, the kind of company that could benefit from this u. S. China trade deal. Stocks are looking about a half point higher, a little bit of hope there, and of course, the s p 500 why is it down . Because it was up so much today. The s p 500 hit that alltime high. From here, we will have to wait to see some fresh impetus for stocks to continue to rally. Lets get to first word news now with jessica summers. Jessica thanks, kathleen. The french president has attacked nato
Long time before it recovered september highs. How long . Try about 25 years. In other words, the highs we reached that year, at the peek of that bull market, september third, 1929, were not realized again until november 23rd 1954. You hear about catalysts and Hedge Fund Managers at time, were not called Hedge Fund Managers. Were worried about the giddiness building. It was too far, too fast a great comeuppance. Herbert hoover who was providing over roaring market. He came into office in 1928. Things were swimmingly two years later. He would not survive in the next election. Someone who was considered laughable shot rising to the white house, you might remember the name. Franklin roosevelt, Big Government spending liberal, who many said who would have no chance taking 1600 pennsylvania avenue in the middle of a financial crisis. Reminders that unexpected developments can change outcome of elections. We saw that in 2018, john mccain, fellow named barack obama were deadeven until the met
Annual history symposium entitled reconstruction in the long reconstruction to 150 years towards freedom. I am the chief historian, you can call me truck. Please not call me the guy in charge because none of this couldve happened without the involvement of so many here, in this society. It is an all hands, all board operation. Taking charge of the logistics and influencing much of the symposium contacted lauren borchard, the societys director of historical programs, she has helped along by charlotte cummings, and several other Staff Members as well as a whole host, of enthusiastic volunteers. Theyll do this not just once a year, but are not routine races on our Public Program including a noontime lecture series. The next one is coming up on the 29th of may, the other ones is a halfpage red fire on the registration flyer outside and i would like you to encourage you to fill out the questionnaire that you found on the desk in front of you when you came in. I will leave to the society Jan
And months ahead at the center of the drama, of course, today the currency clash. President trump accusing china of currency manipulation as china lets the yuan fall we have got the details of the punch and counterpunch plus, the consumer crush the names the trade war could hit hardest, as well as which ones could actually benefit from escalating tension power lunch starts right now lows of the day on the dow right now, 781 points. The next two hours will be big trade headlines sinking stocks today. Kayla tausche covering all of the trade angles for us, as she has for months now but lets begin with bob pisani at the New York Stock Exchange hey, bob and tyler, todays declines are very broad based everything, except maybe gold and utilities. Lets take a look, down 1. 5 to 3. 5 Technology Stocks down, bank stocks down. Consumer discretionary down, energy, industrials, all down about the same however, even Consumer Staples are not faring that well look at the walmarts of the world, costcos