Yearoveryear number of six point 3 . Kind of a mixed bag with regard to some of the key headline embraced. Key headline numbers. Inflation and a Housing Department that seems to be chugging along. Guy the real number that stands out throughout the day is the capital goods number. Quite soft. Months this time really picking up. That is a sign of strength coming out of the u. S. Economy but i dont think people had anticipated and thats probably why we have seen yields rising at the front end today. These numbers confirm for the inflation story is going. Weve been hearing from the fed time and again they want to get back to target. They want to get some of these Inflation Numbers a little bit higher. Capital goods numbers drawing a lot of attention across the numbers. Start with the durable goods report and those capital goods numbers. Mark the numbers have been bad all year. In the month of october they decided they needed to go out and spend some money that thats good news for the econo
Sunday will mark the next escalation in the trade war between washington and beijing. 15 import taxes on about 120 billion of chinese imports. Whether either side might be getting ready to blank. My discussions with chinese and american friends and china is looking more and more alike we are not any closer. It seems that china has begun to hunker down. China has waited this out, and china thinks that they can weather the storm more easily than President Trump or americans think they might. China is beginning to look for other markets for their exports and they are doing a pretty good job doing that, so it is the longer haul. There is also a sense that it is becoming more political than economic. President trump might be timing potential deals closer to the election rather than earlier. That is the next couple of three weeks. People are starting to adjust to all of the changes. The trouble is there is still in immense uncertainty. With the inability of putting a deal together is creatin
Find out their plan. Plus, more of my exclusive interview with uber ceo. We will get his take on driver and why he believes we need to redefine gig economy. Sunday will mark the next escalation in the trade war between washington and beijing. 15 import taxes on about 100 120 billion of chinese imports. Whether either side might be getting ready to blank. Chinesescussions with and american friends and china is looking more and more alike we are not any closer. It seems that china has begun to hunker down. , and has waited this out china thinks that they can weather the storm more easily than President Trump or americans think they might. China is beginning to look for other markets for their exports and they are doing a pretty good job doing that, so it is the longer haul. There is also a sense that it is becoming more political than economic. President trump might be timing potential deals closer to the election rather than earlier. That is the next couple of three weeks. People are st
That makes some sense to me. They are not systemically important. I dont know what that would be. My strong preference would be we continue to add meaningful stress testing for them. Its a successful tool. Warren i want to followup on the question about full employment. Congress gave the Federal Reserve a dual mandate, to pursue maximum employment and keep prices stable. The Unemployment Rate is 4. 1 . 4 in thet will get near future. An Unemployment Rate this low would have been considered full employment. That would be good news for the workers. That should be accompanied by higher wages. Wages of barely budged. Let me start by asking, given that wage growth is so weak, is the labor market full employment . Jerome powell full Employment Concept sort of precise in our thinking. A number of indicators would suggest we are at around full employment. I will point to a couple that suggest there is more room for growth area that would be growth area did growth. There is no sense that the ec
Committee democrats late into colleagues for forcing the bill through. The committee voted along party lines to advance the bill and gop leaders are hoping to take up later this week. A suspected libyan a militant was found not guilty of the most serious charges of the benghazi attack. He was convicted of terrorism charges but acquitted of murder. The attack killed a u. S. Ambassador and three other americans. Two more americans died in a mortar attack at a nearby cia complex. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. I am alisa parenti, this is bloomberg and Bloomberg Technology is next. Emily i am emily chang and this is Bloomberg Technology. Softbank is hammering out details to grab a massive stake in uber and seeking a discount to invest in the startup. Plus, our exclusive conversation with with meg whitman, as she prepares to leave the company. Friday ofout a wide topics, including her political ambitions. 10itcoin a