Sharp snapback connectivity. It is a phase four package necessary . I think it is. The economy can get by without it until the election. Will bringnistration forward fiscal stimulus plans. I think we can make it to there. It is necessary as long as we get it in the next 12 two quarters, i think the recovery will be ok. In the meantime things are a delay ing, and ongoing negotiations does not help things. I think it hurts confidence and slows down economic momentum and prevents a quicker recovery of the economy. Back and forthd among three parties. The president of the United States, the Senate Republicans come in nancy pelosi. Hard to know where we are going. How big thef packages, there is a sense of whether it needs to be targeted or general. Can we if it does not address broad state assistance . Michael i think getting anything is better than getting nothing, for sure. Even if it were targeted on specific sectors like airline and maybe Small Business, that is better than doing nothi
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
And takes a parting shot at a critic in her post match press conference. Please dont patronise me. Im not patronising you. No, no, you are. In the way youre asking your question, youre being quite disrespectful and youre patronising me. Serena williams and andy murray progress to the last 16 in the mixed doubles. Things were a little bit friendlier good morning from the bentley factory in crewe, celebrating their 100th birthday today and im here to talk about the future of cars and what it means for us all if they turn cars electric. More from the later. And wimbledon, a good chance it will stay dry today, good sunshine and the outside chance of a shower. The wettest conditions in the uk will be in the north. Will be back later. Its wednesday the 10th ofjuly. Our top story the two men vying to be britains next Prime Minister have clashed for the first and last time in a head to head debate. Boris johnson and jeremy hunt were asked about brexit, economic policies, donald trump, and the
From daly and kashkari. Plus, exxonmobil agrees to buy pioneer. Its about a 60 billion all stock deal. We will, of course, give you the latest. Its another big test for the ipo market this morning. Shoe brand birkenstock making its public debut thats how they pronounce it right here at the nyse. Ceo is going to join us here at post nine in the next hour. Lets start with that massive deal in the energy sector. Exxonmobil agrees to buy pioneer. The price tag, 253 a share. Its all exxon stock, so in this case, when exxon moves down, the overall value of the deal is impacted. Therefore, it is no longer 253 but not that far off from that price. They are talking about significant synergies, as much as 2 billion total annual average value over the next decade. 2. 3234 exxonmobil shares, its an 18 premium. Little background that i got, jim, and obviously want to get your take. You know this company, pioneer, so well. My understanding is having spoken to people familiar with the old situation,
Finance. Viableude this is not a option. Activities,diminution worked wo find a solution and find a balance between taxpayer an annual access to credit. Four years ago, a bipartisan. Roup passed this committee we have an opportunity to build on that effort and create a broader coalition of republicans and democrats to pass a bill. Nto law it remains one of my Top Priorities and i look forward to continuing with secretary mnuchin and other stakeholders throughout the process. Washer focus of this report Cyber Security. Area due toty is an the increasing criminals and growing scope and scale of icious malicious fax attacks, including data breaches. The maliciousness in the probably can private sector keeps growing at an alarming rate and seems to have impacted the majority of all americans pare the council made recommendations to specifically address security risks, including greater collaboration collaboration. It is critical that personal data is affected by both the government and ind