The yield curve inverts again, the fifth time in the last week but stocks are shrugging it off. Weaker than expected manufacturing data and this season of retail volatility continues sharp moves in the stocks with more earnings movers coming in the next hour. Watching signals of the Federal Reserve. Philadelphia fed president harker throwing some cold water on any imminent rate cuts. In december i was not supportive of the increase i was supportive of the decrease somewhat reluctantly this time around to get us back to where policy should be were roughly where neutral is i think we are roughly where neutral is right now and i think we should stay here for a while and see how things play out. Well get another view from the Federal Reserve in the next few minutes here on closing bell. Coming up, an interview with dallas fed president Robert Kaplan with steve live from jackson hole joining us for the entire final hour, is mark leeman mark, it does feel like theres a little more optimism o
The great bob cousey, former point guard for the boston celtics. Well break any headlines that come out of white house as the hour goes on. Apple revealing the next lineup. What we know about the upcoming product. The release of a socalled proiphone. New concerns over vaping. Cdc now investigating the link between the rising trend and mysterious illnesses reported in 16 states. Melissa fox Business Team coverage. Blake burman is at the white house, gerri willis is on the floor of the new york stock exchange, Edward Lawrence live from jackson hole for the feds annual meeting and phil flynn enjoying all the action in oil at cme. Lets start with blake burman. Blake. Reporter melissa, President Trump continuing his criticisms of Federal Reserve. What is new for the president , a main focus of the president today was specifically focusing in on germany, the negative bond yields there. This is what the president wrote at one point earlier today, saying germany 30 year bond offering negative
It was because they wanted to give the people moving into these houses the chance to have some ability to make these their houses, to customize them and build them in configuration that is were useful to them. The government provided building assist sfa assistance services. They talk about what it looks like. Half the houses look exactly the same. The other half, some people have built them out. Some people have built porches. It is sort of half stepford wives, half andy warhol. I think that says something about why ownership is important. It allows people to take advantage of the creativity and offer a perspective. A professor i like has done studies on lead user innovation. When people purchase things, sometimes they come up with creative uses that you wouldnt expect. They might turn paper plate noose frisbees. I think that drives people forward on an individual matter. I think this is really important to people in their daily lives but also as a society. We take advantage of the lea
Said before you were saying the halloween stuff is out, 29 days until fall. We are getting their. We are counting down, but start the countdown to paradise. I get to take credit for the great weather because people throw eggs at me for this stuff. I dont blame them either. Heres what we have outside, great skies, clear whether, 80 degrees and there is a shot of the superstition mountains, dew points 60s winds southeast. Humidity 50 . 76 i was hoping we could get 60 degrees on the map, we went to 72 degrees at the San Tan Valley. But it popped back up to 75. We have a couple of showers around flagstaff but things are going down. Overall pretty dry weather, no problems for the Early Morning commute, today we will have 98 to 102, mostly sunny and light good so far in the weather. Way better than yesterday. I hope traffic wise it is better. Actually there is a lot of commotion out there because of a crash that is just on the light off to the side but on the line hugging the line with the l
With a narrow lead in are traditionally red state. 43 of registered voters support trump compared to Hillary Clintons 38 . One of Donald Trumps top supporters, Sheriff Joe Arpaio tried to defend trump expected flop on immigration. Is brahm reznik reports the sheriff may have gone too far talking about it business deal with undocumented reporter looks like the sheriff has been reading Donald Trumps book art of the deal. Arpaio now seems to think illegal immigration is somehow negotiable. Sheriff arpaio interviewed earlier about trumps apparent softening on immigration possibly backing off his plan to deport 11 million undocumented immigrants. Arpaio, one of trumps top surrogates did not seem to know what trump is going to do so the sheriff spit bald this idea how about negotiating with pass but lets talk to them, negotiate with them and enforce the law it is against the law to be here illegally and enforce the law. Not clear whom the sheriff should negotiate with. Trump expected to expl