Welcome to Business Today live from new york. Shares are inching higher on Wall Street ahead of the most closely watched meeting of the Us Federal Reserve in years. In just underfive federal reserve in years. In just under five hours time the fed is expected to finally start cutting the cost of borrowing from its two decade high. But how deep are the first could be and with concerns in some quarters about a rapidly weakening us economy, has the fed left it too late . Let s get more from the chief fixed Income Strategist at janney montgomery scott. The big debate here, 25 or a 50 Basis Point Cut. What are you expecting . Basis point cut. What are you petting . Expecting . Its a close call. I think there expecting . Its a close call. I think there is expecting . Its a close call. I think there is relatively think there is relatively little economic impact from one or the other depending on how that decision is made. 0ur Expectation is that the federal reserve will reduce overnight Intere
Remember this gem from a couple of weeks ago . [inaudible conversations] one vanilla, one chocolate. But i wanted to get what we call black and white, but were going to [inaudible] gerry withering questioning. This week there was this shocking expo is say from from e new york times. How the candidate is dealing without being warm and friendly to people because of the coronavirus. Helping a candidate over the line will, in fact, be successful. Later well talk to a couple of pollsters. But first, encouraging news on the economy this week even as coronavirus causes continue to rise and fears grow of another lockdown. Gross domestic product grew at an annual rate of 33 in the three months through september. Now, of course, that followed the dedecline of more than 30 in thes previous quarter. Arithmetic tells us that doesnt mean its back to where it was. In the final days of the campaign, both candidates talked about their economic plans. Joe biden insisted he would take measures to keep th
In this weeks talkers. Watch. Maria the bottom line is there is an expectation that he will regulate the industry, even if you do have fracking, put new rules and regulations to cause some of these companies to go out of business. Again, stone cold liar. We saw him say in the president ial debate i never im going to ban fracking, play the tape. And then you play the tape maria are you expecting Amy Coney Barrett to be confirmed before the election . We fully expect judge Coney Barrett will be confirmed. Shes an originalist textualist who we think is made in the likes of a judge scalia. Maria people want to change their vote if they voted early because now theyre understanding more about what hunter biden has been involved in. Look, the hard drive from hell is about joe biden. This shows you how joe bidens been compromised by the committee Chinese Communist party. Maria what about the suppression of this information, senator . We issued these subpoenas on october 1st before the New York
Watch. Maria the bottom line is there is an expectation that he will regulate the industry, even if you do have fracking, put new rules and regulations to cause some of these companies to go out of business. Again, stone cold liar. We saw him say in the president ial debate i never im going to ban fracking, play the tape. And then you play the tape maria are you expecting Amy Coney Barrett to be confirmed before the election . We fully expect judge Coney Barrett will be confirmed. Shes an originalist textualist who we think is made in the likes of a judge scalia. Maria people want to change their vote if they voted early because now theyre understanding more about what hunter biden has been involved in. Look, the hard drive from hell is about joe biden. This shows you how joe bidens been compromised by the committee Chinese Communist party. Maria what about the suppression of this information, senator . We issued these subpoenas on october 1st before the New York Post story about the l
In this weeks talkers. Watch. Maria the bottom line is there is an expectation that he will regulate the industry, even if you do have fracking, put new rules and regulations to cause some of these companies to go out of business. Again, stone cold liar. We saw him say in the president ial debate i never im going to ban fracking, play the tape. And then you play the tape maria are you expecting Amy Coney Barrett to be confirmed before the election . We fully expect judge Coney Barrett will be confirmed. Shes an originalist textualist who we think is made in the likes of a judge scalia. Maria people want to change their vote if they voted early because now theyre understanding more about what hunter biden has been involved in. Look, the hard drive from hell is about joe biden. This shows you how joe bidens been compromised by the committee Chinese Communist party. Maria what about the suppression of this information, senator . We issued these subpoenas on october 1st before the New York