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June 24th and then theres oil, wow, up 16 in two weeks and well talk about why you should expect sticker shock at the gas station in a few moments. First up, as we said, the dow closed yesterdays session up 118 points and thats back from may 28. Futures indicate we are likely to open above that level and charge toward the intraday high of 15. 542. This coming on the latest message of Monetary Policy delivered late yesterday. The dual mandate is to pursue maximum employment and price stability. Currently, zee an Unemployment Rate of 7. 6 which i think if anything, overstates the health of our labor markets. On price stability, inflation is 9 which is below our 2 objective and so both sides of our mandate, and both the employment side and the inflation side are saying that we need to be more accommodative. All right, jim. Lets kick this off here. A, lets just talk welcome b ....
First to sue at the nyse. I have a funny feeling thats going to get messy, ty. Right now though lets focus on the markets, and despite the fact that the markets do remain near record highs the underlying economy is constantly on the mind of traders down here and investors across the country. American companies and, of course, the u. S. Government also concerned with unemployment still at 7. 6 . What are the forecasts for growth Going Forward . Our senior economics reporter Steve Liesman has the latest cnbc fed survey. Steve, over to you. Sue, thanks, not very good is the forecast for this year. Strengthening next year. I want to show you whats happened to the 2013 forecast. When we first started asking about 2013 back in january 2012, 2. 6 came steadily down to 1. 9 by year end and then it went back up above 2. This time around giving up the ghost on 2 this year, bringing it do ....
Mention the USO, and newsreel images of World War II servicemen dancing with hostesses to Big Band music comes to mind. Or maybe it’s the Bob Hope TV specials, showing him bringing jokes and Hollywood. ....
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