Moderately above 2 inflation, moderately is what it says in the statement but does not define exactly what moderately means. There are two centers to this action, Robert Kaplan wants to see the statement to the way it was pretty wants to statement to read the economy or stance will remain the same until the economy has weathered the storm and the economic storm we have here. Well cash on the other side dissented because he wants more dovish language in this. On implement rates, statistics are very interesting here. They have reduced now the planet rates rates and estimation of this year to 7. 6 by the end of 2020 grid that is down from 9. 3 from their june projection and then also 5. 5 from on a plummet rates in 2021, 4. 6 and 2022 and 4 in 2023. The real gdp prediction cut in half for the losses they are paired they are now saying its a loss of 3. 7 at the end of this year with a bounce back of 4 next year. The inflation, fed estimates that pce inflation is 1. 2 this year up from 1. 7
We are praying for president campbell and his family members. Now i would like to knowledge our host today. Region one director, franks doing frank staulin. Assistant director james harris and our region one members. We welcome you here today. I would also like to welcome our members at the Uaw International executive board. Vice president cindy estrada. Carrine. Ident gerald director steve dobbs. And laura dickerson, assistant director of region one a. We are also honored to host here today our michigan governor, gretchen whitmer. Seven. Ted states senator president ron bieber. And also the members and staff of region one. [applause] we are so proud to have you here today, is the Vice President. The uaw was one of the first to back you you ran for the United States senate and you have been a loan friend. I would like to share a short story about joe biden and his commit and to autoworkers. You see, there is a plant here in flint, michigan that to this day flourishes because of your wo
Looking at the biggest weekly loss since late june the s p both with interday trading. The nasdaq is on track the fourth week in a row on higher prices dow futures indicated down at this poirchlnt looking at yields for the 10year. New this morning, china and the u. S. Have agreed to review the progress of the phase one part of the trade deal well do that in the coming days talks are scheduled from last saturday the review comes as u. S. china ties have deteriorated just summarizing you know that. Thats one of the reasons why. We knew that yes we have seen a series of things that show the relationship has deteriorated if you were to try to put the different segments of the rift, you are up at almost double digits how many Different Things have become bones of contention and the second largest, largest some days economy in the world. A global nightmare we need them, they need us on a certain way it is official taking advantage on what the administration would argue from the markets persp
Michigan, and with the united auto workers. You know, as they say in parts of my state, i got brung up on General Motors. My father ran the General Motors agency he didnt own it, but he ran it. Cars, are cars, are cars. By the way, i still have my 1967 corvette. It was new. I still keep that. Ive got to tell you, im waiting for that electric one that goes 110 miles per hour, but thats a different story. Earlier this week, and the reason we are a little bit late here, we found out, getting off the plane, the press asked me a legitimate question i did not have the background on, because it occurred on the plane. Earlier this week, we celebrated labor day, and here in the middle of the Automobile Industry, we never forget everything we owe the unions. Unions built this country. Unions built the economy, the economic engine has driven American Manufacturing, dynamism. And literally, literally, in the case of the autoworkers, you are the ones who did it. I want to thank you again, uaw regio
Hello, hello, hello. Distance, iocially am allowed to take my mask up. Ladies and gentlemen, good afternoon. Secretary kerry and mr. President i like the sound of that. Thank you, pal. Thanks for the welcome. It is great to be here in michigan with the united auto workers. As they say in parts of my state, i got brought up on General Motors. My father ran the General Motors agency he didnt own it, but he ran it. Cars are cars are cars. By the way, i still have my 1967 corvette. It was new. I still keep that. I have got to tell you, i am waiting for that electric one 10 miles per 210 hour, thats a different story. Earlier this week and the reason we are a little bit late here we found out, the press asked me a legitimate question i did not have the background on, because it occurred on the plane. Earlier this week we celebrated labor day, and here in the heart of the Automobile Industry we never forget everything we owe the unions. Unions built this country. Unions built the economy, th