Taken by the Federal Reserve the path depends of course on the virus it societies the crisis will weigh heavily in the medium term and poses keshl risk, very much a carbon copy, just a couple additions here and from the year, there was one other change that i will tell you about. It was that the path of the economy will depend significantly on the course of the virus. Kelly . We appreciate it. Were going to welcome in our fed panel. Mona hodges, david kelly and jim carron its great to have you all here. Ill go to you, dave, for what you think are the most important messages as we watch the markets so far showing little change from where we saw before the decision came out. Really whats happened since their june meeting is we have seen a surprisingly strong bounce, but then the viruses come back, and that resurgence is what theyre saying is this is not over we know its very uncertainty. The economy has a lot of recovery to do yet, and theyre going to remain very dovish while the pandemi
She commutes to her job in the east bay. She just spends countless hours. Studies show the bay area is second only to la when it comes to terrible traffic. Good evening. Lets take a live look at the traffic map behind us. Now that commute is back in full swing. You see a little less red on the map. Things are starting to pick up again. Bay area. Thank heavens we are not in la. Los angeles drivers wasted 119 hours. We are secondworst with 103. Followed by washington dc 102. New york 92. And finally chicago drivers losing 58 hours sitting in traffic. The city claims in the bay area alone 3. 3 billion gallons of gasoline is burned sitting in gridlock. His wife is living the nightmare. My wife commutes to her job in the east bay. She just spends countless hours on the bridge. We have traffic on the weekend. Even at night. It is traffic everywhere. We take bart every day. We cannot drive in the city. It is a nightmare. Reporter buses ferries and trains all help. The majority of folks still
Hello to you. With a Record Number of wildfires raging across the amazon, there is mounting alarm worldwide. Brazils president has said his government lacks the resources to fight the fires, and Jair Bolsonaro has accused other countries who give money to preserve the rainforest of doing so, not for charity, but to interfere with brazilian sovereignty. The president has for the first time acknowledged that farmers in the amazon are starting fires, to clear land. But hes also accused non governmental organisations. Conservationists blame his government, saying he has encouraged uncontrolled logging and clearance. And the french president has added his voice, tweeting our house is burning. Literally. He described the wildfires as an International Crisis and called on this weekends g7 summit to address the issue. From sao paulo, camila mota sent this. Fire in the amazons rainforest. This is happening in the Worlds Largest and most important ecosystem, thats home to three million species o
With a Record Number withdrew from the intermediate of wildfires raging Nuclear Forces treaty, which dates from the cold war. Across the amazon, there is mounting alarm worldwide. Brazils president has said his government lacks south korea has terminated its intelligence sharing the resources to fight the fires, pact with japan the latest and Jair Bolsonaro has accused other in a tit for tat dispute that has countries who give money to preserve damaged the two countries trade the rainforest of doing so, and diplomatic relationship. Recently japan has removed not for charity, but to interfere south koreas favoured trade Partner Status and imposed export controls with brazilian sovereignty. On its Important Electronics sector. The tensions date back to a dispute the president has for the first time acknowledged that farmers in the amazon are starting over reparations for japans fires to clear land. But hes also accused non governmental organisations. Conservationists blame his occupation
Also taking comments from top fed president. Trade turmoil, white house economic adviser larry kudlow signaling new in person trade talks with china and ecommerce on alert a new porch pirate threat that could have Online Shoppers running to protect their picnic baskets. Its friday, august 23rd and Worldwide Exchange begins right now. He faces one of the most divided Central Banks we have seen in ten years. Those comments are due out at 10 00 a. M. And well take you there live on cnbc those comments will be the ones traders pay the most attention to today now the stock futures indicating a higher open. The bond market always a focus right now and the ten year note yield below 1. 65 and the two year note yield 1. 64 . Checking that spread, as you can see here were moving and were pretty much flat at this stage watching that level here, its not inverted but its goingbac and forth between positive and negative well keep an eye on that. Lets go worldwide in the asian trade, to close out the