His lawyers has been really busy causing the impeachment hearings [ laughter ] President Trump on friday called for an Environmental Review of bathroom fixtures [ light laughter ] and claimed that, quote, people are flushing toilets 10 times, 15 times as opposed to once. [ light laughter ] huh . Apparently its harder than i thought to get rid of a wedding ring [ laughter ] [ cheers and applause Time Magazine has released its list of finalists for person of the year, which includes President Trumps personal attorney Rudy Guiliani though im pretty sure he hasnt been a person since 1649 [ laughter and applause a team of three men announced last week they have set a new Cross Country speed record driving from manhattan to los angeles in 28 hours. How did you get from new york to l. A. That fast . Said spirit airlines. [ laughter and applause an arizona man recently registered a swarm of bees as emotional support animals. [ light laughter ] and so far theyre doing a great job. [ laughter an
That makes sense, since one of his lawyers has been really busy causing the impeachment hearings [ laughter ] President Trump on friday called for an Environmental Review of bathroom fixtures [ light laughter ] and claimed that, quote, people are flushing toilets 10 times, 15 times as opposed to once. [ light laughter ] huh . Apparently its harder than i thought to get rid of a wedding ring [ laughter ] [ cheers and applause Time Magazine has released its list of finalists for person of the year, which includes President Trumps personal attorney Rudy Guiliani though im pretty sure he hasnt been a person since 1649 [ laughter and applause a team of three men announced last week they have set a new Cross Country speed record driving from manhattan to los angeles in 28 hours. How did you get from new york to l. A. That fast . Said spirit airlines. [ laughter and applause an arizona man recently registered a swarm of bees as emotional support animals. [ light laughter ] and so far theyre d
Contemplates as the committee contemplates the future target range of the federal funds rate it will act as appropriate to expand the expansion the vote, 82. Two dissents Esther George of kansas city and Eric Rosengren of boston both wanted to keep rates unchanged. On the Economic Outlook, surprisingly the same from the month or months when they didnt cut rates. They say the labor market remains strong Economic Activity rising at a moderate rate. Unemployment remains slow. Household spending appears to have picked up Business Investment has been soft, thats the one negative. Inflation running below 2 , market based measures have remained low and survey based measures are little changed. Very much the same characterization and actually a little bit better than prior months when they didnt cut rates. The trick will be in the press conference which starts in about 29 minutes time. So far in terms of the power pirouette that needed to happen, what do you think . You know, i think its okay
Ahead of tomorrows key inflation data. Amazon the first record close since 2021. Thats one day after hitting a fresh 52week high. It was fresh, jim. Lets begin with the ongoing ai revolution. Last night on the social media platform x, elon musk weighed in on the Rapid Development of Artificial Intelligence. My guess is that well have ai that is smarter than any one human probably around the end of next year. And then ai the total amount of compute of ai i think will probably need all of humans in five years. Well get a lot more today, jim. Google cloud ceo keynote at note. I love tom curran. Hes been doing a good job. Dont call him tom. I will not. I spent a lot of time at ttc, the nvidia conference. We talked so much about when theyre going to be smarter. They are already. Surprised what musk said. One of the things that jensen said put your 100 smartest people together in a room and its smarter than they are already. Its just smarter. By the way, anything that can be done physically,
Talk about Capital Spending and cord cutters take a snip out of media stocks but can they turn it around . Well hear from the chairman of Charter Communications and talk about the mega merger with Time Warner Cable. Now the Chinese Central Bank announced plans to inject 16 billion yuan. Its latest move to put a stop to further he request ity declines. Lets get straight out to sri following this china story for us live in singapore, sri. Another move by the Chinese Central Bank. Thats right, seema. I think this is only really going to benefit sentiment in the markets and the economy at the margins and this has been a consistent pattern to try to restore the liquidity balance in the money markets. Remember as a result of the devaluations we saw earlier this month weve seen capital outflows and thats meant to drain on liquidity as well. Here in lies the problem with currency reform. You have the unintended consequences of capital out flows so the aim is to try to restore the liquidity bal