To Monetary Policy. Rates will be staying where they are right now, which is close to zero, of course. Until at the very least the jobless rate falls to 6. 5 . We can only cross our fingers wherefore when that might be. Ben bernanke says these changes will make the central bank more transparent adding they can only help the markets. The central bank ramped up its Asset Purchase Program adding 40 billion to its 40 billion a month purchases of mortgagebacked bonds. He spoke about the objectives during wednesdays news conference. The asset purchases and the rate increases have different objectives. The asset purchases are about creating near term momentum in the economy, trying to strengthen growth and job creation in the near term. And the increases in the federal funds rate are about objectives. On that note, lets get dinos take on the latest move. Grpg month. For you, this was expected. The 85 billion was expected. The move to the thresholds, that is, i think, we expected it was happen
And then weve got business inventories, also worth noting today, the treasury is holding a 30year bond auction at 1 00 p. M. Eastern. Some of these bond auctions have been interesting to watch. You can see this morning the 30year is yielding 3. 428 . Twitter said to be considering a shakeup of the top executives. Reporting this includes a possible shift in the duties. Ali rowghani recently had some responsibility taken off his plate. Some members of twitters top staff have been upset he sold 300,000 shares of stock last month. Twitter shares under pressure. Also insiders and cofounders jack dorsey and Evan Williams have vowed not to sell as a signal of confidence. And then the story joe was referring to at the top of the hour, a hall of fame golfer, phil mickelson, reportedly not involved in Insider Trading in the shares of clorox when icahn was attempting that unsolicited takeover in 2011. The Consumer Products company among the stocks that the feds were examining as part of the inves
Those at the top take in more than ever. European Union Leaders agre to impose sanctions on those involved in repression and Election Fraud in belarus. Opposition supporters remain on the streets of belarus. President trump calls for a boycott of goodyear tyres, accusing the Us Based Company of playing politics with what its workers are allowed to wear. Thank you forjoining us on bbc news. Within the past hour, Kamala Harris has been formally nominated at the Democratic Convention asjoe bidens Vice President ial candidate. If the democrats win the november election, she would become the first female Vice President in us history. Earlier, former president ba rack obama warned that the very future of american democracy is at stake in the poll, as donald trump seeks re election. And Hillary Clinton, who lost to mr trump in the last us president ial election, said that for four years, people had said that they didnt realise how dangerous mr trump would be, and that they wished they could g
1. 02 and the nasdaq plunged 1. 14 . I think being old is a good thing. Whats so great about being old, simple, i remember things. Things that can be valuable to all of you because ive lived and traded through them. Right now, of course, were in the midst of earnings season. Boeing missed the forecast, is the honey moon at yahoo finished in the wake of the not so hot quarter and the slowdown . In a normal day, we pick them apart, questioning whether facebooks quarter as good as it looks. I think it is. These are in the normal times. Forces that are not necessarily bigger than individual companies that make up our stock market can still trump them shortterm. Lets set the tableau you and me. Nothing to do with the earnings report, which like every other day have been good with only a few real stinkers. Typically on the guidance, too, not the quarters themselves. The weakness is from emerging markets and likely impact on our own stock market. This spillover effect, this waterfall is somet
I didnt have to do that. I could have just ran and i have i didnt have to do that at all. And instead of being thanked for again, not agreeing to do it, but for just not doing it, i get excoriated all the time. So ive learned, lets just see what happens because we have to save some of these Great Companies. They can be Great Companies in literally a matter of weeks. We have to same them. Yes, please. Mr. President , can i go back to your announcement at the top about the National Guard and then also medical that are going to be built. You said there would be eight large medical structures that would be built in california with more than 2,000 beds and i think i heard you say four small medical structures in the state of washington with 250 beds. Could you say what cities in areas those are going to be in specifically . So, we are filling the governors requests. We send that resource to them. Theyll put it to best use. Theyll put it to where they will have the most effect. We dont dicta