Tom it is a backdrop for our conversation with Alan Greenspan, not a public official right now. Chairman greenspan has a lot to say, particularly about the bubble that we see from quantitative easing. Stan fischer is the vicechairman of the fed. He brings to us not only the domestic conversation, but decades of experience in eight in international economics. Lets get to our top headlines with vonnie quinn. Vonnie coming back to you later in the morning from washington, d. C. , with those interviews. Violence erupted at the demonstration marking the oneyear anniversary of the death of Michael Brown. The unarmed black man who was killed by a police officer. [gunshots] get down. Gunfire. Police say a man began shooting at officers and was wounded when police returned fire. The suspect is in Critical Condition. Donald trump is refusing to apologize for comments he made about fox news anchor megyn kelly. He is under fire for how he described her performance last thursday during the debate.
We are about 30 minutes into the training day in the u. S. We are right now on the second day of losses after fridays losses. That is happening in part fisher of vice chair saying potentially there may be a rate on the table for later this year. We are seeing this waiting on the boards right now. The dow is up i about a third. The nasdaq is closer to the zero line. Rate on the table for later this year. We are seeing this waiting on the boards right now. The dow is up i about a third. Ae nasdaq is the dow is off t third. We do want to talk about mergers and acquisitions because it is a true m a monday. Talking about visor and it bid for medivation. This is on track for a record close. Look at the function. It looks like it is at the highest jump since march 31 or so. Billion,valued at 14 81. 50 per share. A are gaining a Prostate Cancer drug. Analysts are predicting by 2020 will pull in 20. 3 billion. Cst, Canadian Tire up with brands, up by about 10th of a percent. This is in regards
More evidence the fed will continue its decision on Interest Rates. Sally Fisher Stanley fischer stuck with tom keene on bloomberg surveillance. Hey talked about potential changes and whether there is policy unity within the fed. We are growing at around 2 and the problem we face is that of productivity. I do not think the dollar is fundamentally the most important factor affecting the rate of growth in productivity. Obviously, a stronger dollar has an impact on the profitability of American Companies and on how much we want to import. But the bottom line on this is we have seen an appreciation of the dollar and the American Economy continues at full employment. Or moveowards towards full employment. In a fundamental sense, we have withstood much of the challenge. It has an impact on inflation, reducing inflation, but we have to deal with the world as it is. Tom cole in a final thought. Final thought. Professor at princeton was quite adamant about a greater fiscal thrust. We are exhaus
Unchanged. If we see deflation narrow pressures it puts more ressure on drogey. Tom sterling really shows what a remarkable august it was when you and i witnessed what happened on the morning of august 24th. Francine yes. And we stabilized. Tom oh the month of august francine yes. Even the Prime Minister takes whole month of august off. Heres francine rigs. A person entered a secure area of the airport before security checks were completed and that ordered some passengers in terminal one be rechecked. The airport called ate precautionary measure. Its expected te to result that over allegations are you receive used accounting tricks to hide he size of the definite. And typhoons triggered floods and killed at least nine people in a nursing home. Donald trump puts the spotlight on immigration today. The republican president ial candidate travels. He will also give a speech in oenix and he has described mexicanamericans as remainests shipping them all out of the country. And Hillary Clinto
Situation. This is private industry that is out there. This is private industry drilling or fracking that helped that. There are some people saying that probably two months from now well see an even more supply that is coming online at that point well be filled up in terms of the storage we have and that excess capacity would go straight to the open market. Some people predicting that could put extreme pressure on prices. Did we roll over the contract . It was down at 42. Youre right. Thats a may contract. Expiring may 15. Thats down about 2. 5 percent. I like the idea. Were a cartel. Weve been, you know pillaging and plundering the world for 25 years but now were out of control. Will you other nonoutput guys come with us . Thats their way of saying its never going to happen. They know the United States is its not fair. Its not fair if the nonopec members arent cut uing. United states is a bigger producer than saudi arabia at this point. I love seeing them. Pay back big time. Hopefully