Listen: Bloomberg, FED, Charlie Pellett discussed on Bloomberg Businessweek
"Dot com This is Bloomberg BusinessWeek so we talked about affordable housing earlier with Peter coy economics editor interesting story that everybody's gonna have. To dig into in the magazine later on this, week was on the terminal yesterday believe it's available dot com that people should check it out because it it. Sort. Of juxtaposes. Nimby with Yembi yes And we're going to talk about. Affordable housing with our next guest, he's the CEO of Greystone and founder of harmony housing so we'll dig into. That just a moment he's also dead he wasn't he trained his dentist I just read that in his firearm we're asking about other things first let's get some headlines. Charlie Pellett and I thank you very much here's what's going, on the Dow the s&p NASDAQ all pushing higher. With the SMP up two points now higher by. About one. Tenth of one percent stocks trading records treasury yields, climbing as investors. Assessed the latest developments from the Trump administration's trade policies as for the Federal Reserve Phil Kemper Ellie is a, strategist at j.p Morgan investment management and he was, interviewed this morning on Bloomberg television the feds do, mandate is full employment and price stability. Price stability is defined. As inflation at around two percent and we're there now, what they said in Jackson Hole last week was that they're not necessarily in. A rush to be restrictive and unless we see, big upside risks to inflation they're not gonna move much past than your short but the fed is on this. Gradual Alpes three or. Four times. Per year and again. They told us that last year and. They're just following through with. Their, thoughts and right now we've got the ten year down eight thirty. Seconds with a yield of two, point eight seven percent west Texas intermediate crude down five tenths of one percent. Sixty eight fifty nine for a barrel of WTI gold down nine tenths of one percent twelve hundred eighty five the outs as some up two points up about one. Tenth of one percent the Dow up thirty five of one, tenth NASDAQ up two tenths of one percent and. Again just getting word today that sources say Amazon. Is looking. For ways to offer more films on its screaming, service has it. Discusses co-financing movies with at least two major Hollywood studios in exchange for certain online rights I'm Charlie Pellett and, that is a Bloomberg business flash you so much, Charlie Pellett with a Bloomberg business news flash Carol, Massar Jason Kelly this is Bloomberg BusinessWeek."