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December as investors await their g. D. P. Numbers out. And that is what you need to know. David for more on those g. D. P. Numbers, we turn now to carl, chief of u. S. Economist. So we have five quarters of slim pickings. What are we looking forward to . Its growing at 3. 3 five quarters ago. Now were growing at 1. 3 which is below the feds neutral growth separate and thats problematic for the economy. Consensus going into todays number have steadily deteriorated over the course of the quarter from north of 3 , 3. 5 well say at the start of the quarter down to only 2. 6 . And i think theres a risk maybe that Consumer Spending which was the major Growth Engine in q2 could fire on a much softer level in the Third Quarter. Alix inventories. We saw it drop on the Second Q ....
I am tom keene in new york. Guy johnson in london. Mr. Kuroda changed the news flow. Guy this appears to come from a bbc interview that was pretty recorded. It was not done today. This is something that was a pretty recorded program. No helicopter money. You see the asset prices react. We have seen big moves over the last few days. You wonder how that will change the q a with mr. Draghi. Right now, our first word news. Taylor in cleveland, donald trump will except the republican nomination for president , one day after ted cruz was booed off the stage at the convention. The texas senator ended his speech without specifically endorsing trump. We will unite the party, unite the country, by standing together for shared values. Standing for liberty. God bless each and every one of you. God bless the United States of america. Is widely expected to run for president in 2020. President air to o imposed aerdogan state of emergency, saying ....
Mouth by hundreds of points . Im not sure most of them know what they are talking about. Say congress would purposely created a system with a large Monetary Policymaking committee where there would be a diversity of views so we did not groupthink type of mentality. Moment 17 at the members who come to the table with a range of views. You are comfortable where we are today . Ms. Yellen we have guidelines for communications because it is important to explain to the public what our policy is about. Can i see a copy of that guideline . Ms. Yellen the guideline says everyone shares a joint objective of explaining the committees decisions. They can explain their own views but should be explaining that they are not speaking for the committee, that they are speaking for themselves. You raise rates on december 16 by a quarter of a point. The markets closed, the s p 500 closed at 2073. Yesterday, closed at 1851. Feel responsible for this d ....
The nasdaq finish lower, but we still remain stuck in this range. Joe nasdaq declining because of those tech stock earnings. Google and microsoft getting hit. Scarlet it has been an adjusting week to sift through, especially as they get ready for the central bank meetings. Joe next week should be more interesting from a macro perspective. Scarlet lets go into our computers for a deep dive. You are taking a look at caterpillar. Joe why do we care about caterpillar earnings . I have shows exactly why you care about caterpillar. Caterpillar going back to 2006, the yellow line, versus the green line, msci emerging markets index. Look how well that lines up. Things werewarning not going to be that great. Of miningr does a lot and construction stuff. Caterpillar is beautiful. It is all encompass there. Scarlet it holds pretty well. As much as a bellwether caterpillar is, technology is the most influential sector in the u. S. Stock market, and there has been annexed it is out of technology. E ....