Bid. The dollar was a little stronger but now we are into that risk on field. You have a bid into gold, a bid into the 10 year yield. Old futures almost hitting a record high. Coming up, we are going to break all of this down with southwest ceo. He will be joining us later on in the hour as well as the founder of robin track. Looks atg he everything robinhood traders are doing. U. S. Initial jobless claims arising for the First Time Since march last week. Joining us now Narayana University of rochester professor of economics and former minneapolis fed president. He recently wrote a bloomberg piece that talked about what the fed can do in times like now, in particular when it comes to inequality. What should they be doing and what help should they be getting from washington . Narayana thanks for having me on. I think the fed should be doing all that it can to stimulate the economy in the current setting. That will further their current mandates in terms of trying to get inflation back u
Protesters in hong kong have been using it to endanger police and with a cattle rancher in brazil who things that dreams are a better long term investment. Program care to give the World Economy a boost well a couple of people in washington could provide some help u. S. And chinese officials are meeting later today to commence their talks over reaching a comprehensive trade deal more than one and a have years ago yes. A trade war was good and easy to win well ever since the worlds 2 top economies have been clashing at various stages of ask hampering Global Growth along the way now they take another shot at resolving the. Its the 13th rhyme just talks and once again the question on everyones mind is will they or wont they make a deal after a 15 month conflict that seen both sides impose hundreds of billions of dollars worth of tyrants the stakes are high. America does not love imposing turf in fact we would prefer not to use but after years of discussions the no action tariffs are final
Results which just came out a few moments ago. Comp sales down. There were expectations for a slight gain for comp sales. Julie hyman has more of the largest restaurant chain. The golf continues to struggle. You know a lot about the company having gone inside mcdonalds. They have been expanding their menu and tried to get their value opposition right and have been having a lot of trouble with that in recent months. In fourth quarter, comparable one 10 of ay percent. Analysts were looking for a gain of half a percent. Worse. U. S. , things were it is a larger drop that had been estimated. Europe was worse, asiapacific, middle east africa, all of these regions were worse. Now the company says it will try to return cash to shareholders and if it cant get its intercept it will help things out by giving shareholders a little cash. It will return 5 billion to shareholders through dividends and buybacks over the course of the year. That is the authorization that the company is giving. In the
Good morning. Thank you for joining us today. Lets get you up to speed with the latest ephone numbers that are crossing. It gives us a snapshot of the Business Economy in german. German Current Conditions index is at 110. 1 in july, versus the consensus which was sitting lower than this at 109. 7. Number coming out better than expected on that rate. In terms of what were seeing elsewhere on the other numbers, the german Expectations Index of 102. 4 in july, this is versus what the market was expecting at 102. 5. So this number coming in a little lower on that side. Just on the local expectations. Elsewhere, no revisions to the june indices. Lets dive into this and get the earnings reaction. The euro dollar tracking firmer today and ticked a little higher as well. 132. 19 is what were looking at. Joining us on the phone from munich is a researcher at ifo and annette joining us on the line from frankfurt for instant reaction too. Give us a sense of the key standout points. We have seen a