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Fed officials at jackson hole grappling with how the trade war is impacting the u. S. Economy. Trade uncertainty is sort of a fact of life now. Trade policy uncertainty has been weighing on the outlook. Business investment is not held back by the cost of capital. We have seen already some business spending be weakened because of the tariff situation. What is holding it back is trade policy uncertainty. The uncertainty of the trade situation. The center of gravity is u. S. Economic policy, not Monetary Policy is trade uncertainty. I dont think there is likely a resolution soon. Trade uncertainty will be with us. What i see some businesses do is become more cautious. This trade war is triggering other actions around the world, other countries thinking about reevaluating their own trade relationships. This could easily get out of control and easily feed back to the u. S. Lisa there should be a little ding every time they say uncerta ....
Thank greg hayes and his team at United Technologies, Bob Mcdonough and the team at carrier. Thank you for renewing your commitment to indiana and renewing your commitment to the people of the United States of america. [applause] i also just want to thank the great carrier team here in indianapolis and in the state of indiana. Your hard work, your resilience, your work ethic even in disappointing times, i know for a fact gave this company the confidence to double down on the future of this company and the future of the people of this state, and so i thank you, the carrier team, for giving them the confidence to do just that. [applause] but lastly, on behalf of all the people of indiana, allow me to thank the man we wouldnt be here without for his efforts, for picking up the phone, for keeping his word. His efforts to ....
A turning of the tide, big selloff yesterday of 238 points, asia down big overnight, europe down especially hard this morning and we were down, as you said, 130 until noon thereabouts, the return there. We are seeing plus signs right now for the most part. Lets check the rest of the market here, the s p and the nasdaq. We are getting closer to our boards here, our positive as well, the s and p up 3 1 2 points, 1949. The nasdaq is also higher by 16 points, see the russell two, guys, leading the way, the big laggard to the downside is the big gainer to the upside today with a gain of 1. 25 . I just want to mention because i mentioned this on street signs as well, bill, but friend of show was actually suggesting that maybe yesterday and the way there was maybe leading the market down or one of the reasons why it was leading the market down, maybe this capitulation and early on this morning down by 11 from its highs. Fully in correction territory and maybe the correction in the russell 2 k ....
Studio. You sat down with the zuckerberg. He is writing down plants for 10 years from now. Right. Going through a lot of self reflections. Dayears since his first with his wife. A couple of things jumped out to as surprising. They are talking about the day strategy. Obile a lot of emphasis on the mobile network itself. Theyre Going Forward and introducing an initiative. They are doing more apps. We hear about the first one today. Be morey wants to flexible about the way people use a splits products. They do not want to consider it a clone. Features but very much like footboard, it is a way to look at friends and articles and photographs in interesting ways. We consider it to be a newsreader and it is really another way to consume the Facebook Newsfeed without all the clutter of other features on your phone. Do you have to use your facebook login and be connected . Right. Th ....