Alive that the consumer keep spending. The fed has two ways to look at it. The economy is slowing or the economy is hanging in there where it was with job creation little lower, but wages rising and the workweek a little bit longer. That means the expansion keeps going. David the question is what does it mean for the fed. Lets talk about that as we are waiting for jay powell to speak. We will come back to Michael Mckee. In the meantime, Kevin Cirilli at the white house. Finally, we have a plan from the white house on what to do with fannie mae and freddie mac . Kevin they are calling it a roadmap. Steven mnuchin unveiling a plan that would reprivatize fannie mae and freddie mac. It was back during the Bush Administration that the republican part of that 190 billion bailout from taxpayers issued a conservatorship for fannie mae and freddie mac. As of now, they make up about half of the mortgages in the 11 trillion Mortgage Market. It is a long shot to get them privatized. Even behind th
i am francine lacqua. we will try to figure out politics, geopolitics, and all of the participants are waiting to see what president trump will say. that starts in 30 minutes. i wonder if he will talk tariffs and europe. this is where your markets are. a lot of focus because of the thely virus in china, european stocks a little on the downside. let s get the first word news. we begin with the global economy, it will grow but slower than expected according to the international monetary fund. 0.1% of itsdown projection in october. it is optimistic and says risks are less skewed to the downside. president trump and president macron may have reached a truce on digital. the readout from washington was more muted. preventement may escalation into another trade war. hashina a sars virus entered a new state of severity. the world health organization confirms person-to-person transmission. four people have died. 17 years ago the sars outbreak killed 800 people. mitch mcconnell is pl