Weve got a jampacked show for you. All that and so much more on making money. All right, folks, the market continues its effort at trying to find its footing but an early rally really fizzled pretty quickly in the fog of uncertainty that includes growing worries about the election outcome and speaking of politics how important is it for another round of stimulus . I say without it, this rally could get slammed. And its beginning to happen. Even as big names like apple and microsoft drift, folks, some of these other momentum names like cloud names are acting great. We will dive underneath the numbers here for you. Meanwhile amazon in fact got an upgrade this morning new share price target. Tesla has a new target of 515 from 480 at piper sandler. But you might be thinking about buying these value stocks, right, you keep hearing about it. The problem is though what is a value stock because not everything thats underperforming is on sale. I know the old sweater analogy, right, it is really
Jerome powell was on capitol hill to update lawmakers on the economy and Monetary Policy. He spoke about the Economic Impact of the coronavirus, Cyber Threats in the Banking Sector and his influence in the Global Economy among other topics. This services hearing is three hours. I now recognize myself for four minutes to give an Opening Statement. Id like to welcome back chairman powell. As i discussed earlier, and at our last hearing with you, i remain very concerned about the president s efforts to interfere with the feds interMonetary Policy. A recent news story noted that trump has tweeted over 100 times about your nomination. Many of those tweets appear to be attempting to exercise pressure on the fed. Chairman powell, you and the fed board of governors must not be swayed by these aggressive tactics. Fedsolding the independence, you should also be mindful of public perception. Of course, trump continues to claim credit for Economic Growth that was put in motion by the policies of p
President trump discusses a personal meeting with xi jinping. Carlsberg shares are at a fresh alltime high after reporting strong first half growth in asia smashing expectations well speak to cees hart at 11 00 Central European time. It has been a tumultuous 24 hours for stock markets. 800 poie dow, lots of volatility and red ink on the screen. All precipitated by the inversion of the twos and tens yield curve. We started off attempting to open up firmer, but as some of that positivity fizzled out in the last half hour or so now every european major is trading in the red the italian index is closed today for holiday. All of the rest are trading in red territory. Ftse 100 down about 0. 35 the xetra dax today, again, just below the flat line. A lot of scrutiny on exportsensitive sectors today we are seeing a rebound in tech, for example, one of the sectors that is exposed to the trade war. Cac 40 trading below the flat line you can see the spanish index just shy of the flat line. Yesterd
[inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] i guess we can get started. Thank you all for being hear, hear it is a true honor today to have chair jay powell and former chair and Nobel Laureate ben bernanke with us today. Thank you very much for being here. I very much been looking forward to this conversation or im sure our audience has come to, so lets just get to it. This conference as are the windows is to the memory of order this morning we heard some personal reflections on working with thomas from secretary janet yellen, also former chair on the fed, and from president John Williams. And both of you worked closely with thomas as well. I would like to you both an opportunity to share your own thoughts about his contributions as an economist come as a central banker come as a colleague. Then, they wouldnt show what you. Sure, its great to be here. I was his thesis advisor and he worked with me on a book on inflation target
Theyve been lying eyes, theyve been demonized. The rocks, childs name, synonymous with the banking and finance industry, recently suffered a loss in the family. Jacob ross child a 4th generation barren and banking site out on europe passed away of Natural Causes in his home town of london at age 87. In late february of 2024. His families, wealth and prestige, often overshadowed by a conspiracy theories surrounding the families empire, which began in the 18th century at one point they were the worlds richest family. So today is global leads, all queued up to pay their respects. Former u. K. Prime minister, tony blair described the late lord jacob as quote, a towering figure in britains Jewish Community and the president s of israel, Isaac Hertzog said this quote, with his passing. We bid farewell to a great man who carried the historic legacy of his family with pride and humility, working always for the well being of britain, israel, and jewish communities all over the world. And so fro