Representatives about how to deal with either one and well show you how women in afghanistan are pushing ahead with their own business. Im chris welcome to the program the u. S. President himself is one of more than 7000000 americans to have contracted kovac 19 and amid continuing uncertainty over his own personal health but the prognosis for the u. S. Economy remains anything but clear a new survey from the National Association for business economics paints and indeed bleak picture more than half of the economists polled believe the biggest risk facing the u. S. Economy is the pandemic and the possibility of further lock downs and restrictions as cases continue to rise its not the only threat though one in 5 economists think the biggest problem is the failure of republicans and democrats to Work Together to agree aid packages for Unemployed People and stricken businesses the overall picture is that the u. S. Economy is expected to contract by 4. 3 percent this year with the majority o
An epic run up 400 this year. We will explain how the retail trader is driving the stock. Plus, big tech, big deals, toppagist tells us that companies amazon, facebook and alphabet should be buying up right now. Consolidation. Power lunch starts right now welcome to jim maybe well get to say hi later on its a record week on wall street which marks the end of the coronavirus bear market. Its coming to a close here. Bob is watching some key numbers for us bob. Its been a record week we had good numbers today. Our manufacturing and services is keeping us positive just want to show you some new highs. A lot of stuff involved in tech. Internet, anything having to do with the internet. Fdn is the new one the hold building, that itb had been on fire eight straight weeks of gains. U. S. Home sales hit a record pace today we saw home prices also move up as well. Look at some of these new high list is fairly thin but a lot is building related horton, pulte, lumber liquid daters these are all at
Now, testimony from Federal Reserve chair Jerome Powell on Monetary Policy and the state of the u. S. Economy amid coronavirus. He spoke about low Interest Rates, unemployment numbers and what future Economic Growth and recovery could look like. Help in front of the House Financial Services committee, this is three hours. So the committee will come to order. Thank you. Without objection, the chair is authorized to declare a recess of the committee at any time. Members are reminded to keep their video function on at all times, even when theyre not recognized by the chair. Members are also reminded that they are responsible for muting and unmuting themselves and to mute themselves after they are finished speaking. Consistent with the regulations accompanying h res 965, staff will only mute members and our witness as appropriate when not recognized to avoid inadvertent background noise. Members are reminded that all house rules relating to order and decorum apply to this remote hearing. T
This year at 9. 3 . Then recovering next year to five or 6. 5 in 2021. Now pce inflation under 1 . Longterm federal funds rate again, they see it at 2 1 2 , getting back to that. But again no raise in rates for the next two years. Now in the statement, theyre very interesting language. They put in financial conditions have improved in part reflecting policy measures to support the economy and the flow of credit to u. S. Households and businesses. They have had weaker demand it says on, as well as oil prices have kept inflation historically low. Federal reserve is committed they say to use the full range of tools to support the economy. This was a unanimous decision but again, charles, holding the federal funds rate where it is at least through 2022 is their projections. Back to you. Charles edward, thank you very much, my friend. Hopefully well come back to you for some Additional Information but right now i would like to bring in to discuss, kaltbaum Capital Management president , gar
Hello welcome to the program just turned 4 pm here in moscow this wednesday im kevin are in with this 30 minute will these round up for you and before we get underway with the stories pertinent to today let me update you on the grim. Stats regarding corona virus this wednesday as it stands this hour the changing sad to say weve reached another bleak benchmark more than 2000000 infections have now been registered globally and over 128000 people have died but in terms of people whove recovered of course the numbers going up to snow were heading towards the half 1000000 mark here in russia. New record one day increase unfortunately with 3388 new cases declared on wednesday bringing the total to nearly 25000 in russia and almost 200 people are known to have died here from covert 19. Words to countries having to contend with getting enough hospital staff to treat the sick some are mobilizing medical students or bringing people into retirement in germany the Health Authorities are also appea