In putting together firstclass programs looking at the region and particularly chinas role in it and todays program countering china in the indo pacific is very much in keeping with his the thrust of his work here at the Hudson Institute. So congratulations on bringing this to fruition. And hes also assembled an absolutely firstrate gripe of group of experts. Starting immediately from my left in the order they will in , richard, currently taiwan, has just completed a new book and hell touch a bit on that. Hes one of the foremost authorities on Southeast Asia and the philippines and particularly the philippinechina relationship. To his left, just returned to washington to become the head of the u. S. Effort of the Observer Research foundation. I first met him almost 30 years ago in japan. Delighted to see how youve developed into an absolute firstclass institute leader, but also a scholar and analyst on the region. And i met today lisolette, a senior fellow here at the institute. Whats
And that month. 1998, gdp growth was 6. 6 and payrolls were about 200 and 81,000. Growth not even 2 . Around 135 atng best. They will linger the possibility of additional easing. I think that will, the december meetings. David that explains why there wouldnt be a hard stop. You look the other way around, there is not a real reason to encourage more cuts either. They want to maintain the optionality around that decision. If we are in a slowing Global Growth environment and also u. S. Economic growth will top expectations, it is still decelerating relative to the first half of the year. They will likely need to take out additional insurance. As we see a hot streak in the data, we might be able to push that into the first part of next year. Given the number i have laid out for you on where we are on gdp, payrolls, fridays payroll report will not be particularly pretty. That will encourage the fed to provide a little more accommodation. The fed doesnt want to be stuck if we happen to tip i
I think its going to be significant, 46,000 or 48,000 but you have the supply chain for gm, all of the construction around gm, so youve got a lot of ancillary folks that have been out of work and manufacturing isnt necessarily what drives the economy, its the consumer primarily and we are a service economy, and even though the numbers might be good, its the manufacturing thats really going tamp down here. Neil john, one one of the thins that im hearing to daniels point, not just 48 to 50,000gm striking workers impacting this but up to 200,000 more in ancillary business suppliers and the rest. What do you think of that . I think the estimate that roughly 75,000 to 80,000 jobs being temporarily lost because of gm strike. Neil okay, so if thats the case and they factored that in, is this just a oneoff, what do you think . A lot of reasons it can be a oneoff, results of slowdown at boeing, census workers who were temporarily hired and maybe are coming off the rolls, a lot of noise in the n
General motors negotiations resuming next hour. The strike coming as gm faces declining sales and is closing plants with uaw leadership while facing an fbi corruption probe. Have news on vaping, opioids and chinas economy as well but im david asman in for stuart today. Good monday morning with varney co. Start right now. David lets get right to oil. Studies have shut down 5 of the production after two drone attacks. West texas crude and brent crude surging on that news over 10 . Here are dow components exxon and chevron free markets. They are unchanged but those situations could change dramatically when you have the opening bell. Stocks are a big along with the entire Energy Sector of the orbit here is President Trumps latest tweet on the subject because we have done so well with energy over the last few years, thank you mr. President , we are a Net Energy Exporter and now the Number One Energy producer in the world and we dont need middle eastern oil and gas and in fact, we have very
Lester. Oh, and it wasnt a happy mothers day in liverpool. Happy mothers day in liverpool. Get ready britain, here we go. A stark warning for the future of britain. Next. Of britain. Next. Patrick. Thank you and good evening. The top stories from evening. The top stories from the gb newsroom. Lee anderson says he would still have defected to the reform uk party, even if he hadnt been suspended from the conservatives. He became the partys first mp this morning after he lost the tory whip for claiming that islamists had got hold of the london mayor as recently as january. Mr anderson said it was not a proper Political Party. He now says reform will allow him to speak out on behalf of millions , speak out on behalf of millions, as Party Leader Richard Tice says reform would aim to build a red wall in traditionally conservative constituencies. Conservative constituencies. Im delighted to announce that i have found that champion of the red wall for reform uk. Hes also, coincidentally going