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Invest in laborsaving is it not possible that improved wages themselves can help lead to improved product activity, which can create a virtual cycle with wage growth officer time yes, thats exactly what we hope is happening right now. So youre committing to keep your foot off the brake . When i was getting ready for this hearing, i went back and read something that you said in your very first year on the fomc committee. You noted you havent seen anything in the wage data yet to support that it struck me as interesting. It got me to thinking about my frustration, and how its been 2 1 2 years since he hit the supposed definition, yet it keeps dropping and the definition of full employment keeps chasing it it made me wonder, as it relates to what you said earlier, why dont we just use woo wage data to help define it. For a lodge time there was slack in the labor market. Weve reached the point where the risks are really twosided now. If we do get behind and the economy does overheat. If th ....
And im Courtney Reagan in this morning for sara eisen. The last nights Grammy Awards this is bruno mars 24 karat album. Took home the album of the year. But i hear he won basically the award. He was basically the big winner in once again it was a politicized ceremony well definitely have the highlights checking the markets, coming offer the back of a strong week. The s p and all three indices were up more than 2 for the week as a whole. We talk about a big start to the year, its also been a broad start of the year on friday, and all of last week, all 11 sectors were positive with s p month to date, nine out of 11 are high its been a great start to the year and last week was certainly part of that this morning, were pointing only slightly, the dow by 17 points s p by 9, nasdaq down by 30 tenyear treasury note, yields ticked up at the start of last week and pulled back with the ....
Data on inflation. Also minutes from the last fomc meeting. The july Consumer Price index will be released at 8 30 eastern time and at 2 00 this afternoon we should be getting more insight into what fed policy makers talked about last month and perhaps what theyre thinking about is the highly anticipated september gathering. Heres the other stories were watching today. Chinas wild and scary ride continuing, volatile perhaps not a Strong Enough word to describe the session. The shanghai composite dropped by 5 early on but then closed up by more than a percent. They point to government backed buyers as catalysts for the turn around as well as rumors that Chinas Central Bank might be ready to cut the key reserve ratio requirements for banks. German lawmakers are voting on a greek bailout. The legislation is expected to ....
Cci up one point today. Oil is just above 42. In our road map this morning, target with a beat and a raise while lowes misses. Issuing words of caution, and11s years ago today google went public. First up target posting better than expected numbers. U. S. Comps up 2. 4, driven by items includes apparel. And then theres lowes a Quarterly Earnings miss beating on revenue. Comps up 4. 3 but issuing guidance slightly above consens consensus. 25 straight quarters of underperforming depot. Everyone underperforms depot. That Conference Call yesterday, its like they had this comp average, okay, about what aisles are doing better than others, and there were almost everything. Big ticket stuff and big ticket appliance for lowes. In my many dealings with home depot, were excited about the outdoor. You get spring planting season. Thats historically their christmas. In huge parts of ....
This morning. 1000 thiss off morning but recovered to a loss of only 100 points at midday only to fall again into the close as margin calls forced traders to sell stocks. Take a look at the close of gold and oil as well. Oil has really bring the big story. You can see it bouncing around. 38. 26 per barrel. Following, falling, 42. 69 per barrel. Thats a huge drop in that is currently closed for trading. Gold futures, curiously unchanged or little changed. 1154. 60. You would think investors fleeing first theyve are havens would look to gold. That did not happen. You would think they would look to the dollar as well. That certainly did not happen. I think one of the most interesting stories of the day was the weakness in the dollar. The dollar index was down at one point 2. 5 . The biggest drop since march 2009. 1. 15 for the euro. Morning asg dip this many people were looking for liquidity and more likely, people expect the fed not to raise rates in september. Lets get more insight on t ....