We are going to go through a very tough two weeks and then hopefully as the experts are predicting, as i think a lot of us are predicting after having studied it so hard, we will start seeing real light at the end of the tunnel but this will be a very painful, very very painful two weeks. Stuart the president s top medical advisers project a death toll in america of up to 240,000. Everyone is now paying attention. Now weve got to focus what will likely be the worst Economic News coming at us in generations. Millions of people will not be paying their rent this month. How will that ripple through . Millions of people have just been laid off. New unemployment claims coming out tomorrow will again show millions added to the jobless list. The airlines, they are reporting passenger traffic levels down 88 in two weeks. And Mortgage Applications down 24 from last year. The market, of course, reflects these new uncertainties. The dow dropped over 400 yesterday and this morning, its likely to o
Lowered the Economic Growth outlook. If growth is anemic, dont expect as many Interest Rate increases. Not this year, not next and not even in 2018. That is a big shift in the Central Banks thinking since the fed chairs last news conference. Hampton pearson has more on what has changed and what the fed is sayiow halfway through 2016, fed chair janet yellen and her monetary advisers are still on hold when it comes to raising key short term Interest Rates. We really need to look at the data and pre specify a timetable. So im not comfortable to say its in the next meeting or two. But it could be. It could be. The latest speed bump on the road the Interest Rate hikes, an anemic may jobs report. Part of a mixed economy in the eye of the feds were the pace of job growth has slowed while Overall Economic activity has picked up due in part to increased spending. The market appears to have slowed down. And we need to assure ourselves that the underlying momentum in the economy has not diminishe
Outlook. If growth is anemic, dont expect as many Interest Rate increases. Not this year, not next and not even in 2018. That is a big shift in the Central Banks thinking since the fed chairs last news conference. Hampton pearson has more on what has changed and what the fed is sayiow halfway through 2016, fed chair janet yellen and her monetary advisers are still on hold when it comes to raising key short term Interest Rates. We really need to look at the data and pre specify a timetable. So im not comfortable to say its in the next meeting or two. But it could be. It could be. The latest speed bump on the road the Interest Rate hikes, an anemic may jobs report. Part of a mixed economy in the eye of the feds were the pace of job growth has slowed while Overall Economic activity has picked up due in part to increased spending. The market appears to have slowed down. And we need to assure ourselves that the underlying momentum in the economy has not diminished. There is also concern abo
Outlook. If growth is anemic, dont expect as many Interest Rate increases. Not this year, not next and not even in 2018. That is a big shift in the Central Banks thinking since the fed chairs last news conference. Hampton pearson has more on what has changed and what the fed is sayiow halfway through 2016, fed chair janet yellen and her monetary advisers are still on hold when it comes to raising key short term Interest Rates. We really need to look at the data and pre specify a timetable. So im not comfortable to say its in the next meeting or two. But it could be. It could be. The latest speed bump on the road the Interest Rate hikes, an anemic may jobs report. Part of a mixed economy in the eye of the feds were the pace of job growth has slowed while Overall Economic activity has picked up due in part to increased spending. The market appears to have slowed down. And we need to assure ourselves that the underlying momentum in the economy has not diminished. There is also concern abo
Free tshirts and pins will be available. In the wake of the orlando tragedy, people are still looking for answers on how to previce president or reduce gun violence across the country. Right here in our area, two lawmakers are calling for action. Matt delucia has details on whats happening at the statehouse today. Vai, weve seen a bit of this call for action over the past week or so since the orlando nightclub shooting. Ill tell you, the lawmakers that were talking about today from new jersey, theyre going to be over here at the steps of the statehouse this afternoon. And they are going to be trying to get more members of congress on their side. Their goal is to pass stricter gun laws. Congressman Frank Pallone and congresswoman Bonnie Wasser coleman are calling for action. Both representatives holding this announcement they are democrats, their districts are in north jersey. Here what they want. They want republicans in congress to support laws that would ban on the terrorist watch li