The shift we saw in washington yesterday about 4 00 p. M. We dont need to be on this all day. Every other network is going to cover it up and sideways come but this this is original actions by a president of the United States, really reminiscent of what we saw in 1876. It is a story our Washington Team will cover. This election of 2020 continues. Jonathan that tuesday night still continues in some ways. The news of the last 15 minutes is on the vexing front. Pfizer on the vaccine front. Pfizer set to file today for emergency other ration emergency authorization use. Think that has been the sequence, and each time there is a lesser market reaction. Jonathan i tugofwar continues. If we think about the tugofwar right now, the tension is phenomenal. On the one side, the darkening near term outlook because of the restrictions in the of the economy, and then the brightening forward outlook it can get vaccinations started in month. In the last 24 hours, the Federal Reserve and the treasury se
A shortened session tomorrow and were going to watch this news, whatever it is, as it is halted, currently for news pending comes on the heels of front page story in the times today, which says a couple of different things, one, he was dressed down by the faa chief earlier in the year told not to ask for any favors and says the halt of production of the max in their words is one of most consequential decisions in the companys 103year history. We dont know what this news is, jim, probably wouldnt surprise many people if it involved mull muilenburgs tenure. His top priority has got to be getting along with charming and sharing and being transparent with the regulators. I would have thought that would be Crystal Clear the day of the first crash. How did it reach that juncture shocking one thing he says is dont ask for any favors was he expecting him to ask favors that is not a good situation to be in. Thats just one small way, part of the way, this crisis has been handled for the last yea
Well, essentially flat shanghai composite down by. 2 , and then the hang seng was up by. 2 . In europe there is early trading thats already taken place green arrows across the board. Looks like the biggest gainer of the major averageings is the dax in germany finally, take a look at what happened with the u. S. Treasury market, and youll see that the tenyear yield, which yesterday for a while in the morning was trading below 2. 6 it is there once again 2. 596 the securities and Exchange Commission blasting elan musk for a series of tweets he sent just last month. The s. E. C. Says musk is in blatant violation of a Settlement Agreement in which he will get preaprufl for all tesla related tweets the regulator says musk never sought approval for a single tweet about tesla since striking that deal and its asked a judge to hold musk in contempt of court. According do a court filing, the s. E. C. Asked tesla whether any of musks tweets had been preapproved after more than two weeks tesla res
Committee hearing lasts about two hours. The committee will come to order. Without objection the chairs authorized to declare recess of the committee at any time and all members were five legislative, five days within which to submit extraneous materials to the chair for inclusion in the record. This link is entitled the peril of an ignored National Debt. I offer apologies to the witnesses that we are starting our late due to floor votes. I now recognize myself for five minutes to give an opening statement. Most people know im getting ready to leave congress at the end of the year. Highly hopefully with many friends, regrettably maybe an enemy or two, the body of work im proud of but also a bit some great regrets. I have no greater regret than my inability to convince more of my friends and more of my colleagues at the peril of an unaddressed National Debt. Having been a veteran of the less than super, Super Committee and of the simpsonbowles commission, my ipad is awash with reports s
Those models thats how we think about it so we do, you know we follow markets really carefully, but, remember, from a macroeconomic standpoint, none of it matters if changes are sustained over time. Nancy and then donald. Nancy Marshall Genzer with marketplace. Do you still think that core pce is still a good measure of whether the economy is overheating . What do you think of other measures like setting a target for Economic Growth and relying more on that well, i think we look at both, but core pce is a good indicator. It has whats happened over really 50 years is that inflation has become much less reactive to changes in growth. There was a time when inflation reacted really quickly to changes in growth and changes in unemployment and that time is behind us and that is that is often attributed to the success of Central Banks in anchoring Inflation Expectations so that people believe inflation will come back to the target or around the target so it doesnt go down as much. Inflation d