Inflation object target. It has put a rock under the kiwi dollar, sending it down 48 pips. Im looking at the crosses. 64. 7, 64. 8 u. S. Cents. We were looking for 25 basis points. The wiggle room being created by the Federal Reserve and despite comments from wellknown and of Jimmy Bullard who had suggested they take into account the , he turned aors bit hawkish. David they announced the inflation reaching 2 in the fourth quarter, Second Quarter of 2021. Fourth quarter of that year. They are pushing a goal back. They said this larger initial stimulus, frontloading it. They not only cut, they delivered a larger cut, taking the cash rate to 1 , which should be the lowest on record. Kiwi dollar, headed down. Give or take 1 . Rishaad lets look at the overall markets because that should give a semblance of the Way Investors are looking at all this. Shanghai, up a little bit, it is green. Hang seng down and extending losses we havent seen since 1984. This is a position we have. U. S. Shares
Further decline. 2018 has to offer both good and bad. Ramy we are getting breaking news on the south korean front again. We have cbi today, inflationary prices coming in line with what estimates were. A nice rebound from the decline we saw in the previous month. It slightly exceeded what economists broadcast. You know we have been talking quite a bit about where inflation is in the market here in the u. S. And japan. Really there is no difference in south korea though they may be in a little better shape. It is perplexing. Because things are low, they are bound to go up. I a magic the Commodity Markets will kick in. The commodity market will kick in. Fact that an expected tightening from the fed and others is a key risk to watch and 2018. Betty certainly we are watching the markets here today in the u. S. Lets quickly pull up where we ended up and u. S. Markets today. 1 5 of 1 . Er by the nasdaq also higher. Pretty much green across the screen. A lot of people are not taking on any hug
Not because im asking a tough question. But its a legitimate reason. Dennis i put my phone right here where i can see it, just in case. Katie okay, all right. I understand. I guess thats kind of a big deal. Then, we have jeff here. The incoming or the new ceo. So, foursquare has changed a lot over the years. You started out as a locationsharing app. And now you have two apps, a yelp competitor and the swarm. Youre also a data company now. Well get to all of that. But i wanted to talk to you about your new roles. As executive chairman i wanted to find out, are you so involved with the daytoday . Or how are things different than before . Dennis daytoday at the company, five days a week, theres tons of things going on at foursquare. Both on the business and enterprise side. Im still there trying to make sure that we get to focus on the things that represent the reasons that we started the company. And so, a big reason for the role switch is that, as it matures and starts to turn into the
ISLAMABAD: The National Accountability Bureau entertained a unique plea bargain offer from the brother of a senior civil servant, but it has failed to recover the amount from him so far despite the.