Not too soon. Fastmoving fires burning at a pace of almost 80 football fields every minute as Colorado Wildfires explode forcing evacuations. The worlds highest set off enough lights to make even las vegas jealous. And the inspiring author helping so many others through this pandemic. Early today starts right now good friday morning. Im frances rivera. And im phillip mena. 11 days until the election and the final president ial debate is in the books with it a chance for both candidates to make their case to undecided voters much to relief of americans everywhere, last nights showdown remained much more restrained compared to the first debate thanks in part to the moderator, nbcs own Kristen Welker there was none more stark than how theyre going to handle the coronavirus pandemic. Were fighting it and were fighting it hard it will go away, and as i say, were rounding the turn, were rounding the corner. Its going away. 20,000 americans dead if you hear nothing else i say tonight, hear th
Economy both pragmatically and psychologically china owns more of our debt than just about any other country so why are they doing this why are they doing this all right so all right hold on im being told now that the 2nd breaking story that we would tell you about has just occurred and this is where this plays into this situation with china think about this just today the u. S. Federal reserve was getting ready to announce or at least contemplate a historic move the u. S. Federal reserve was considering moving the u. S. Interest rate into negative territory but weve just learned just moments ago confirming. That the fed will not lower Interest Rates below 0 will not this is coming in as im telling it to you its being told to me by by producer thats the announcement weve been waiting for the fact that it contemplated going below 0 is enough though to force china to do what its doing so you see china is essentially worried that when you combine the fed contemplating lowering Interest Ra
Beauty and good amidst all of that i mean you could you could practically hear a sigh of relief echo across the country with news that iowa Congressional Republican and universally agreed upon terrible human being steve king lost his primary race on tuesday night. Good feeling to know one less racist in congress but these early winds of change my friends are not just blowing across the United States of america as n. P. R. Reports u. S. Protesters rallying against the killing of george floyd and kahless other black americans are being heard around the world as demonstrators launch their own protests in the countries in countries such as the United Kingdom germany canada iran and new zealand and many more but its not only showing support for the racially and financially oppressed underclass here in the United States that has brought many of these global activists to the streets its also the violence that Law Enforcement agencies have perpetrated in their own countries yahoo news reports
Is good but the one business show you cant afford to miss im going to bore in washington coming up the fed is decided to keep rates steady in the midst of the coronavirus devastation we bring you inside or inside on the decision and what lies ahead for the u. S. Central bank clutched at the Federal Reserve has propped up markets in the u. S. It is posed an interesting issue for a major debt holder china and later the race is on for the head of the World Trade Organization and the European Union is weighing in we bring you the latest on the run with a packed show today so lets dive right in. And we lead the program with the latest policy update from the Federal Reserves federal open Market Committee as expected fed chair Jerome Powell and now its Interest Rates will hold near 0 through 2022 but the real question has been what action will the fed take moving forward. Since march weve been purchasing sizable quantities of treasury and Agency Mortgage backed securities you know to support
Important jobs report tomorrow. So would it be better for stocks strong report or a weak report . Is good news good news . What is the deal here . For stocks specifically, i think you want a weak report. A strong report back into the corner that they dont want to get themselves backed into it. I think the data, the last six or nine months mixed at best. If you want to be bull initiative stocks at these levels, i think to answer your question you need a weak jobs report. I think people feel the data is getting increasingly weaker. Youre at place where the u. S. Economy is weakening, whether the fed or other Central Banks are doing what they need to do. I think you need to see a strong number. Your presumption is the fed is going to go. We got out of a fed meeting last week and no one said it was going to go in june. I think the market needs to see good data. Good equals good. Bad equals bad. Its been down all week, people are starting to worry the claims numbers. Maybe some softening in