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The cover figure on this week. Fed chairman jay powell. Joel jay powell is probably the most important person in the world of finance. He has the Financial Institution that is probably the most important whenever institution anywhere in the world. For a year now, he has been the target of trumps twitter either. Trump just once lower rates, lower rates, lower rates. Wants lower rates, lower rates, lower rates. Carol they have been an agency for so long. We are wondering if they will remain that way. The market thinks they will be a rate cut. The bigger story is one that we wanted to ask chris to dig into. For a year now, we have been living through this tension between trump and how. More trump than powell. It is onesided. Chris got to is that there is not much of an effect on policy standpoint for the fed. This will take a few months to evolve. This could be radical. Shelton is nominated for the fed. We dont know how that w ....
That came off a 14 drop in july exports from a year ago. Part of that story is the strong yen. The dollar weakening across the board after yesterdays release of the minutes show that policymakers were divided on a near term Interest Rate hikes which has led most participates to think, were not going to see anything any time soon. Ive been ranting. Shes privy to all my ranting. Ive decided i got a new view. I want to get a job at the fed. All they need to do is either just spend all the time, what do you think, should we raise, i dont know, what do you think. Im worried, im worried. I dont think we should. I think we should. For years they do that. And they dont have to do anything else. Twidle their thumbs. Now i decide theyre one big composite of hamlet. Hamlet is like, i really should do something. To be or not to be something. Maybe i do, maybe i dont. If i do this would happen, if i dont, and they go through all this hand ringi ....
Thats dragging the market lower, the socalled momentum stocks that saw so much selling in february. Seeing it again. The amazons, the netflixes, the pandoras, tes larks you name it. They are heading lower today. Yeah. The question still becomes is there something bigger going on here, or is it just about the individual stories . Speaking of which, after the bell, it may be the battleground stock, creating more disagreements among investors than almost any over. Talking about herbalife, reporting earnings after the bell. Results and analysis when it hits. Shares today up 2. 5 . And the heat being turned up on Los Angeles Clippers owner Donald Sterling. Several sponsors now have dropped his team after alleged racist comments were made public this weekend. Will he be forced to sell the franchise eventually . Well be speaking exclusively to legendary attorney bob bennett. ....
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