20 Burst results for "Dallas Federal Reserve"
Fed to Review Financial Trading Rules for Officials
"The united states federal reserve is reviewed ethics policy that governor financial holdings and activities of senior officials in the wake of resent disclosure that to regional fed presidents engage in extensive trading last ti- financial disclosure form shows arabic's coupling president of the dallas federal reserve bank into into twenty treated millions of dollars of stock in companies. Such as apple. Amazon and google while eric rosengren president of the boston fat traded stocks in real estate investment. Trust coupla hours in green said last week that it trades repeated on the feds ethics rules. They however sat there will sell their holdings at the end of this month and place. In money index funds we truck a wide range of securities or in cash.
Dallas Fed President: Watching COVID Delta Spread for Economic Impact
"Aclu today from dallas. Federal reserve president. Robert kaplan has been among those advocating for easing up this fall on some of the pandemic era economic support coming from the central bank. But kaplan now says he's watching the effects of the delta variant for signs. He might need to adjust his
"dallas federal reserve" Discussed on KLBJ 590AM
"Conduct a global review. America is listening to Fox News. News Radio K L. B. J On Patrick Osborne. This news is brought you by Sinus and snoring Specialists. Williams and County continues to push hard against Austin's planned by Northwest Austin Hotel for the homeless Today, County commissioners India Long says she has no problem with a shelter, but she is bothered by the city's minimal communication with the county. We would never have dreamt of starting that project, even without consulting with the city. Getting their approval of the plans and working collaboratively with him. Earlier this week, the Williamson County Commissioners court did vote unanimously to ask the City Council to postpone that vote. But sources have told Caleb EJ the council is planning to move ahead with the vote regardless. And so, if approved, numerous service providers will be involved in helping the homeless who live at the Candlewood Suites. Hotel. Joe Katherine Quinn, with Caritas of Austin says this won't be a free for all like the arch in downtown but rather apartment style housing with support services, Employment services, education, a food pantry. Recovery support groups peer support an individualized case management, she says. The hotel also have a single entry point. That'll be staffed 24 hours a day, and amenities will be provided in the rooms to help prevent loitering outside a petition have Austin's camping ordinance has been verified by the city, and that means voters may get to decide on that issue. The next step for the petition will be going before the Austin City Council, where Save Austin now's ordinance could either be adopted outright, which is highly unlikely, or it could be put onto a maid ballot, giving them Public the chance to make its voice heard. And the Dallas Federal Reserve's still optimistic the stables. He's solid economic growth this year, despite a survey showing 60% of businesses reported below average revenues for January, But the Fed says stimulus payments new P P P and vaccines.
Record year for jobs coming to Austin
"Dallas Federal Reserve forecast for the Texas economy shows employers can expect at a lot of workers to the payrolls this year. Chief economist Keith Phillips says Austin Jobs have really weathered this pandemic better than any other city in the state. Austin obviously has greater high tech concentration than any other metro in the state. And high tech. Brill benefited from all this movement online. Austin's unemployment rate still above 5%, but that's better than the state's rate of more than 7% 518,000 jobs are predicted to be added to Texas payrolls this year.
"dallas federal reserve" Discussed on Newsradio 1200 WOAI
"Court authorities in Nashville searching for suspects and no motive for an explosion that wounded three people and damaged buildings. Initial evidence does show that the early morning explosion was was a deliberate bomb being set off in our community. In the blast caused injuries and catastrophic damage to this very historic. Heart of Nashville Mayor John Cooper. The latest coronavirus relief bill remains in limbo. One of this opposition from President Trump that caught members of Congress from both sides of the aisle here on Capitol Hill off guard. They thought they had universally negotiated this between Republicans and Democrats and also with the Trump administration here. President Trump appears to be opposing this bill. The fact that they linked The $900 billion covert package with $1.4 trillion government funding package boxes. Chad program America is listening to Fox News. No, tell you away I local news. The Enberg High School football player who attacked a referee After getting kicked out of the game is issued an apology. Former senior defensive lineman Emanuel Diran sat with his parents in the apology video. He apologize first to the referee apologize to personally, I hope you're doing well. I am extremely sorry for my actions towards you. I hope one day you can send my apologies, drawn, apologize to his teammates and coaches to a school in district and to his parents and everyone else around, was charged with assault after the attack, and the school was removed from the playoffs due to the incident. Texas did not get as much funding per person from the $2 trillion federal stimulus in the spring, according to an analysis from the Dallas Federal Reserve as partially because unemployed Texans are less likely to file for unemployment benefits than those in many other states. With the care Zach Texans got $675 per capita, which is 25% lower than the national average of $900. I'm Eric like him. From the W away I traffic.
"dallas federal reserve" Discussed on WBAP 820AM
"Upper fifties of sunshine in the Saturday we turned much warmer. Mostly sunny with high of 67 right now, Clear 46 degrees in DeSoto. Several U. S. Government agencies have been breached as part of a massive cyber espionage campaign. David Sponge reports Christmas Eve warning for local governments across the country, not even a week after cyber security officials announced ah, widespread digital intrusion into several federal agencies. Those same, officials warned local municipalities may also be victims. The cyber security and infrastructure Security Agency warns it is tracking a significant cyber incident impacting enterprise networks across federal, state and local governments. Hackers dived into the departments of Commerce and Energy President Trump has undercut his secretary of state and other top officials by suggesting that China, not Russia. May be responsible for the attacks, visit W B. A P calm and answer Our poll question. Should there be a special counsel to look into alleged election fraud? The Koven pandemic has taken a toll on the Texas economy with hotels and office is hardest hit in the business sector. No significant economic return is expected in Texas until the vaccine becomes available to all Texans with Tyler was a new covered cases and hospitalizations. We expect a job growth will be positive, but very weak in the first Quarter of next year. Overall for 2021 vaccines will provide a significant stimulus to the economy. Keith Phillips with the Dallas Federal Reserve says the bright spot is a more than 9% growth in new building permits statewide since the pandemic began. Kimberly James W. B. A. P News, the new police chief for the city of Dallas, will start on February 3rd, the former police chief of San Jose, California, Eddie Garcia was selected from seven finalists Garcia started in law enforcement. 1992 narcotics enforcement worked. Our SWAT team are merged in my work. Fugitive apprehension over the homicide investigator commanded our advice. I'll say this because I I know what it feels like for men and women as they go out every day to sacrifice what they sacrifice for the safety of our communities. He will replace Chief Rene Hall, who announced her resignation earlier this year. Again. The W B A P forecast for tonight. Pan she frost after 3 a.m. Otherwise clear with low around 33 Christmas Day tomorrow patchy frost in the morning with sunny skies high near 60 and tomorrow night mostly clear low around 39 right now. Fair 42 Fort WORTH From the W B A P News desk. I might trainer your next update at 11 30 24 7 coverage it w b com This is an encore presentation of the Crisscross Show Chris Black Show on a 20 A M 99 5 FM HD to use talking 20 w v 80. Yeah. Oh, this'd the news and talk of Texas talk Kotex it now it's the crisscross Show 20 A M. 99 5 damaged two new start A $20 episode number 2014 number one of the program and Guys. There's a really big problem. There is a huge problem. And that is that Dr Joe Biden's dissertation is publicly available. Oh, this'll strong, independent woman. Who said she grew tired..
"dallas federal reserve" Discussed on WBAP 820AM
"There's a wreck, blocking the two right lanes of the Dallas North Hallway North found on Northwest Highway stop ago traffic from a lover's lane. Come w f a A meteorologist Jesse who we left, First of all Merry Christmas, Everybody help you having a good day 32 degrees the overnight low with clear skies 59, Christmas day with sunshine and then much warmer by the weekend 67 degrees and sunny on Saturday, currently fair 45 degrees and play. No, the president wants stimulus checks increased to $2000 in the latest coronavirus spending bill. Mark MEREDITH report. We still do not know whether or not the president will or will not sign that $900 billion stimulus package. That was the bill that Congress has already approved. We know that the president's not happy about all this. Now lawmakers are really trying to avert disaster here, with millions of Americans also wondering if they're going to get a check or not. House Democrats tried but failed to approve the president's latest demand to increase the amount of money some Americans would get in direct stimulus payments. Democrats, however, refer used to remove spending billions of dollars in Aid to foreign countries. The reason surgeon covered 19 cases is taking a toll on the Texas economy. The Federal Reserve of Dallas reports. 20% of those responding to a covert impact study say they were laid off employees, although there is positive news in more than 9% jump in residential building permits. What will the new year hold? Federal Reserve Bank of Dallas senior economist Keith Philip currently we expect Texas job growth will be above trend. Not enough to return the pre covert levels. He Phillips with the Dallas Federal Reserve says economists believe when the majority of the population as vaccinations available to them, the state economy will see a rebound. Beloved McKinney, pasture and comedian has died of covert 19. After testing positive on December 9th pastor Fred Thomas was rushed to the ER. The next day he was put in a medically induced coma. Thomas went viral years ago in a video expressing his love for what a burgers, honey butter chicken biscuit, Mr. No, he was born and raised in Greenville. Funeral arrangements are pending. Kim Lampkin is w b A P news visit. W b A P calm and answer Our poll question. Should there be a special counsel look into alleged election fraud? Again. The W B A P Weather forecast for tonight. Mostly clear Wilson Patchy frost after 3 A.m. Low around 33 for Christmas Day tomorrow, patchy frost in the morning.
"dallas federal reserve" Discussed on WBAP 820AM
"Medical plans, Attorneys for the Trump campaign told a judge in Arizona. Their lawsuit over the election does not allege fraud but in irregularity with the way some ballots were handled. Boxes. Jessica Rosenthal reports. An attorney for the Trump campaign, told a judge in Arizona that some ballots experienced an overvote and irregularity and that those votes should have been manually adjudicated by Maricopa County officials. Instead, he said, they were just rejected, he said. This is not a case alleging fraud but a case in which protocol just wasn't followed, and it impacted some votes. The deputy attorney from Maricopa County told the judge that on Lee 191 votes cast in person on election day were impacted by this error. State has been called for Joe Biden and at last check, he was ahead by about 12,000 votes. Jessica Rosenthal Fox News to People were on board when the plane crashed today in Iraq Wall, authorities say a single engine Cessna plane struck a power line and crashed near the Ralph Imho municipal airport. The condition of the passenger and the pilot right now unclear, According to the Dallas Federal Reserve, the corona virus pandemic is negatively impacting the service and the retail industry. Rita Ross, Texas Jobs grew by 3.6% in the third quarter. That's lower than the national average of 11.9%, according to the Federal Reserve, Although the jobs recovery since April has been slower in the Lone Star state than the rest of the nation. The overall share of jobs lost in Texas since the beginning of the pandemic is smaller than the rest of the U. S. Participants in a recent survey said they were concerned about a resurgence in covert 19 cases and the political climate. Freedom. ROSS, WB AP News and Local health officials are warning of a rise in Cove in 19 cases locally and doubling down on recommendations to wear masks and a social distance. Texas business Closing numbers on Wall Street The Dow off by 372 points S and P 500 down by 39, the NASDAQ off by 85 again. The high temperature Today is 80 degrees were there, It's 80. There's also brought to you buying classic Chevrolet from the W B A P News desk. I'm Clayton Nevil. Your next updated 3 30 24 7 news coverage at WB ap dot com. This is the news and.
"dallas federal reserve" Discussed on Newsradio 1200 WOAI
"While working protests. The constitution does not provide the right to riot. To rob to loot to set fires to physically harm anyone. The proposed legislation would make it so that anyone who causes an injury during a protest will face a felony. Anyone striking an officer during a riot would face a mandatory sentence of six months in jail and anyone pointing lasers that police would also face a felony. White House press secretary Kayleigh Mcenany says President Trump will accept the results of a free and fair election. Your question is more fitting to be asked of Democrats who have already been on the records. Saying they won't accept the results of an election. President. Trump refused this week to commit to a peaceful transfer of power. If he loses reelection, McEnaney again condemning mess male and voting and raised more questions about the potential for fraud. The president and first lady Melania Trump visited the Supreme Court to pay their respects to the late Justice Ruth Bader Ginsburg. As the trumps visited Ginsberg lying in repose this morning, people in the street could be heard chanting, Vote him out! Against her, died almost a week ago. The owner of the New England Patriots is now cleared of prostitution charges. Prosecutors have dropped the case after a judge ruled video of Robert Kraft, allegedly paying for sex in a Florida spot can not be used at the court found police violated the rights of clients by secretly recording inside massage rooms. Big defeat for families of the 2018 Florida school shooting in Parkland. State Supreme courts ruled it as one single event instead of counting each of the 17 victims as a separate incident, and this limits the amount of money survivors and their families can receive from the school board to $300,000. And the future looks dim for the oil industry. According to survey results from the Dallas Federal Reserve Board. Two thirds of oil businesses under the Federal Reserve Bank of Dallas's jurisdiction think oil demand his peaked with some blaming President Donald Trump and other suggesting things will only get worse under a potential Joe Budden presidency. Survey respondents said the economic paralysis brought about by the spread of Cove in 19 was a major factor with uncertainty over who will win this year's presidential election, further discouraging investment..
"dallas federal reserve" Discussed on Newsradio 1200 WOAI
"To riot to rob to loot to set fires to physically harm anyone in the proposed legislation would make it so that anyone who causes an injury during a protest will face a felony. Anyone striking an officer during a riot would face a mandatory sentence of six months in jail and I'm pointing lasers that police would face a felony on the goalie says to make it clear those who seek to harm police will not be walking the streets for at least six months. White House press Secretary Kelly back Ineighty says President Trump will accept the results of a free and fair election question is more fitting to be asked of Democrats who have already been on the record, saying they won't accept the results of an election President Trump reviews this week to commit to a peaceful transfer of power if he loses reelection. Back. Ineighty again condemned mass mail in voting and raised more questions about the potential for fraud. The president, first lady Melania Trump visited the Supreme Court to pay their respects to the late Justice Ruth Bader Ginsburg. As the trumps visited Ginsberg lying in repose this morning, people on the street could be heard chanting Vote him out! A Ginsburg died almost a week ago. Senate Republicans are moving to fill the vacancy before November's election. The future looks dim for the oil industry, according to survey results of the Dallas Federal Reserve Board. Two thirds of oil businesses under the Federal Reserve Bank of Dallas is jurisdiction think oil demand his peaked with some blaming President Donald Trump and other suggesting things will only get worse under a potential job. But in presidency, survey respondents said the economic paralysis brought about by the spread of Cove in 19 was a major factor with uncertainty over who will win this year's presidential election, further discouraging investment..
"dallas federal reserve" Discussed on KLBJ 590AM
"Fox's John Roberts the white house house speaker Nancy Pelosi issuing a statement reading in part Attorney General Barr's politicization of justice knows no bounds she wrote Michael Flynn pled guilty to lying to federal investigators in the face of overwhelming evidence and the house intelligence committee has just released transcripts related to the Russia investigation in one section former Obama administration director of national intelligence James clapper testified that he never saw any direct empirical evidence that the trump campaign or someone in it was plotting or conspiring with the Russians to meddle with the election adding that's not to say there weren't concerned about the evidence we were seeing but was anecdotal evidence not direct evidence a white Georgia father and son have been charged with murder and aggravated assault in the shooting death of an unarmed black man in February without running in a residential neighborhood a member of the military who serves as one of president trump's personal valets has tested positive for covert nineteen test once a week now we're gonna go testing once a day president saying he and vice president pence are negative America is listening to fox news this news is brought to you by hello Austin dot com newsradio kale BJ on John Julian topping Austin's news Bastrop county judge Paul poppy confirms to reporters he did indeed have covert nineteen to date the county has around one hundred confirmed cases and a dozen deaths Austin city council approved spending nearly three point seven million dollars on personal protective equipment and cobit nineteen testing and the Texas economy is shrinking because of covert nineteen containment measures the Dallas Federal Reserve Lana Sani says it's marked by unprecedented layoffs with more than eleven percent of the state's workforce filing for unemployment real estate activity has weakened too as evidenced by the March declines in home sales and a sharp drop off in pending sales and active listings Sonny says by the end of the year taxes will likely underperform as compared to the country pointing to the state's struggling energy sector your kale BJ radar weather watch low seventy high eighty get Austin news on demand at newsradio kale B. J. dot com so though we're apart.
"dallas federal reserve" Discussed on KLBJ 590AM
"A hearing on anticompetitive behavior. Among the digital giants. Yeah. The House Judiciary committee will hold its inaugural hearing later this afternoon on anti-competitive practices. Among the big boys. The committee has already put Amazon, Google Facebook, and apple on alerts, and members made it clear that the tech titans will definitely go under the microscope and it gets underway later today, congress beginning at scrutiny of the big tech giant's amid some growling discomforted, Washington over the power that these companies will over the industry in public itself. The public life itself, the House Judiciary committee, holding its inaugural hearing this afternoon on anti-competitive practices. Among those digital giants, here's a quote from Representative for Ramallah, Jay Pala democrat from Washington. It's time. It's pastime for this historic bipartisan investigation to ensure healthy competition among digital marketers from antitrust roots. At big oil, today's big tech. It's our job to look out for consumers, small business, and the innovators of the world. No doubt about it. But how do you tell a company had him on this more economically savvy than me? I'm sure could maybe explain. How do you how do you tell a company, you may no longer grow? You may no longer expand. You may no longer come up. With new ideas, you may no longer. You know how does that work? We've done it before. Yes. And I and I understand the need Ford. But you know what incentive, do you give a company to stop dead in your tracks the investigation represe- represents the first congressional probe into allegations that the companies are engaged in anticompetitive behaviour in an enjoys. Strong backing of the democrat leadership. House speaker Nancy Pelosi declared last week the era of self-regulation is over. That's what she says enough is enough. Republicans have also criticized the size and reach of big tech companies. And the committee's probe is starting on common ground on this front. Today's hearing is focused on ways. The platforms such as Facebook and Google have changed the landscape of news media, Republican, Doug collinses from Georgia, the committee, ranking member and democrat Representative David Cicilline of Rhode Island who heads up this antitrust subcommittee have co sponsored legislation that would allow local news organizations to band together to negotiate with the dominant platforms over access and quality. This is pretty interesting, Ashton Solters, former chief technologist for the FTC. The Federal Trade Commission are bipartisan bipartisan tech issues is one of the biggest conservatives don't want overregulation, but they have a huge concern around the abuse of monopoly power. Our? Yeah. I mean I I don't feel like I'm being forced to use Amazon right now. I don't you know, if I'm going to order something online, for example, I still feel like I have a lot of choices out there. And so it's, it's, it's one of those things where do you draw the line? And how do you do that? Republicans appear to be trying to rein in some expectations, and tamp down this rhetoric. They say from the other side of the aisle, a GOP committee, according to CNBC news GOP aide is that the parties have agreed only to conduct a hearing other, you know, other other less informal oversight activity. The age said the effort would include round tables, and discussion about these tech giants. It's pretty interesting. Aspect of these, these tech giants giants because people like him, they use them it works. I'm not saying that, that we shouldn't. Control this to some point because we gotta have competition. We do we do. We've gotta have room for other businesses to grow or even happen at all, while the allegations, are there is no competition among these big boys, because they're able to buy up any smaller competitor comes along. Right. That is a monopoly. And how do you know you're getting exactly what you want to see on Amazon or Google? How do you know? Seeing exactly what I want to see what, what he whatever. You're searching. How do you know you're only seeing what Amazon's going allow you to see your only seen what Google is gonna allow to see? There's that aspect of it. Yeah. Right. That well, that's part of it. Yeah. According to the story, it's, it's not clear how many additional hearings are in the works, and what topics will be, you know, focused on, but the, the new scrutiny comes as the Federal Trade Commission and the department of Justice launched their own antitrust, enquiries, and states are considering this as well. Gene, common is a head of public knowledge. It's former top antitrust official at the Justice department says, I think this comes at a critical moment where there is enormous public concern about the growing dominance of some of these largest tech firms at a moment when people are saying break them up go after them with antitrust. And if there is really a problem in the tech sector, congress needs to understand a better, you know, better what is actually going on with these tools, and how they actually work zig Amazon doing anything that's against the law. By constantly expanding constantly, yes. Maybe, maybe eating some other companies up is any of it against the law. I just wonder how do how do you read it? It's, it's, how do you. How do you control that seven forty you can jump in here at five one two eight three six zero five ninety some good economic news? And that's an understatement. How about some great economic news? The Dallas Federal Reserve says Austin's economy is growing at a solid pace. Dallas fed uses what's called the Austin business cycle index to gauge the economic growth of the area? And according to latest fed report that growth was seven point four percent in April, it's very good and well above the average of six percents. And we spoke with Dallas Feddie communist Christopher flight about this latest report, pretty broad based growth overall, and we're seeing a decline in the unemployment rate in the area last time we saw labor market. This tight was the tech boom of the late nineties. I think you put that altogether and to choose a pretty good. Economy in the region, and that unemployment rate for the Austin area, two point five percent to be exact flight says that could have its own side, effect, two point five percent for for Austin metro this is Boston is very, very tight. And I do think that it's getting to the point where there simply aren't going to be enough people to fill the position of job growth that has been strong construction and the financial sectors, leading the way the retail sector though, actually did see a decline. The average hourly wage also slipping a bit in April by point seven percent. But that average is still more than twenty nine dollars in surpasses both the state, and national averages for hourly wages and housing affordability, which is defined by the percentage of home sold that the median income household can afford increased ten percent from the fourth quarter of last year to the first quarter of this year. Metro median home price has continued to soften in recent months that three month average actually peaked back in September of last year at three hundred twelve thousand nine hundred seventy five dollars. Patrick Osborne, NewsRadio, kale BJ, all right there. You go alone of great economic news, for the state of Texas, and specifically, Austin, Texas things are going, good, man. Well, go ahead. No. It's it is good. There's no doubt is good for a lot of people. And then some people is not it, it, it makes you think, okay. All the we, we can look at all the things that are, that are going right here business is going incredible. Things are expanding all that stuff. Beautiful city live in, and then the things that also come along with the this good economy, which is going to be things like gentrification, higher taxes, higher property values on and on and on longer lines. You name it. There's no those, those things might be be inconveniences in life changing a lot of people in some ways, when they have to move from Austin, but what's the motivation for, for people that make decisions on things like this to change it, I don't know what the motivation would be? Because again, it's working, listen, we've got all work and extended report on this economic report from the Dallas fan and all the highlight. Nights, and some of the low lights some surprising stats, surprising details, you got to check it out. We have an extended reports on the front page of our website, KLBJ's, Patrick Osborne is put all of this together with the help of the Dallas Federal Reserve, and it's right there on the front page at NewsRadio KLBJ dot com. You should share that. Check it out. If you're a business owner, you want to see some of these numbers because it may it may determine how you, you know, invest in the future here. Locally, it's on the front page for website at NewsRadio KLBJ dot com. Seriously? I mean, when we think about we complain about traffic and in, in behind taxes. Those two things, what would the, the motivation really be for the city to, to, to make that a more palatable easier situation for us when, when they are going so well in this city? Listen also in the world of business news. There's an uptick in hiring in April across the country, setting a new record. However, there are still more jobs available than people to actually fill them hiring rose to five point nine million. That is the most since the department of labor began tracking the stats back in the year two thousand still seven point five million jobs remain unfilled at nationwide. Seven point five. Million jobs remain unfilled. We just we have more job openings than we actually have people. Yeah. We need more babies. I guess people get get get after it, when it more human beings at just wondering if these jobs paid better with a were, they were they still have this issue. I. Apparently, a lot of people must just be happy where they are. I mean you want to fill the job pay. More people might start showing up gonna have to. Yeah. You're going to have to be very competitive. Yeah. And I'm and I'm curious what kind of jobs are these seven point five million jobs remain unfilled nationwide. Is that is that fast food is a wide cross section of every sector from construction to, you know, service and everything out there, is it? I'm just curious as to where most of these jobs are was. We know we've talked about before. And we've talked like Hoover Alexander for, for example, from Hoover's by cooking that that's one of the areas for sure. Restaurants food service. They're having a hell of a time. Keeping those jobs will stay with us. Did you hear about seventy thousand gamers, set a new crowd record at the Los Angeles convention center? Yeah, it was the three annual expo and they broke another record of attendance. We'll tell you about a straight.
"dallas federal reserve" Discussed on KLBJ 590AM
"This newscast brought to you by ABC Bank. Newsradio KLBJ, I'm Robert Wood. Austin's news new poll finds parents are still uncomfortable. Putting their kids into self driving cars. Nutribullet study finds Americans by a wide margin aren't comfortable with something like a cross town ride for their child in an autonomous vehicle, Daniel Armbruster. With AAA Texas says they're much more comfortable with short trips Mike from an airport to a rental car office, for example, when you're talking about a fully automated vehicle on the roadway putting your loved one in there that confidence significantly dropped. And he says another big concern people have is in regard to insurance or more specifically who and what will be liable now how exactly might that work, Patrick Osborne. Newsradio KLBJ if you've been sniffling and sneezing lately and might be oak pollen allergist, Dennis Dillon. He says there's a lot of it out. There is perfect weather for the oak pollen to pollinating to be all over the place. And he says it could be a longer than usual season right on through April. So make sure you're stocked up on those tissues, the oil industry in Texas continues to grow in the first quarter of the year, even with depress prices as the Dallas Federal Reserve Michael plant, that's because cost savings means the industry can grow even with lower oil prices average break even price across EMP respondents was fifty dollars down slightly from last year says growth was only moderate because of the lower prices at the beginning of the year. Austin may have been out of the running for the Amazon HQ too. But the companies Tom leaper says they'd been planning to expand in Austin anyway. Amazon lucky by third building at the domain bringing another eight hundred new jobs with it. And now the KLBJ radar weather watch mainly cloudy tonight and much cooler low down to forty.
"dallas federal reserve" Discussed on KLBJ 590AM
"KLBJ, I'm Robert chomping. Austin's? News. New poll finds parents are still uncomfortable. Putting their kids into self driving cars. Aaa study finds Americans by a wide margin aren't comfortable with something like across town ride for their child in an autonomous vehicle, Daniel Armbruster. With AAA Texas says they're much more comfortable with short trips from an airport to a rental car office, for example. But when you're talking about a fully automated vehicle on the roadway putting your loved one in there that confidence significantly dropped as big concern. People have is in regard to insurance or more specifically who and what will be liable, man. How exactly might that work? Magic osborne. Newsradio. He'll be Jay. If you've been sniffling and sneezing lately might be oak pollen allergist. Dennis Dili's says there's a lot of it out there. Perfect weather for the oak pollen to pollinating to be all over the place. And he says it could be a longer than usual season right on through April. So make sure you're stocked up on those tissues, the oil industry in Texas continues to grow in the first quarter of the year. Even with depressed prices says the Dallas Federal Reserve Michael plant says that's because cost savings means the industry can grow even with lower oil prices average break even price across EMP respondents was fifty dollars down slightly from last year growth was only moderate because of the lower prices at the beginning of the year. Austin may have been out of the running for the Amazon HQ too. But the company's Tom leaper says they'd been planning to expand in Austin anyway. Amazon lucky by third building at the domain bringing another eight hundred new jobs with it. And now the KLBJ radar weather watch mainly cloudy tonight and much cooler low down to forty.
"dallas federal reserve" Discussed on KLBJ 590AM
"Okay. Oh BJ. I'm Robert Wood topping Austin's news. One state lawmakers looking to amend the law regarding municipal court. Fi Representative James white says municipal court fines can lead some people mostly low income into a seemingly never ending stream of debt when they end up with traffic tickets trap, people in a never ending cycle of license suspension and make many people lose hope of ever reinstating. They're licensed. And if they show up at court, the DPS can love even more punishment by determining that person. Drove to court on a suspended license. White wants the law changed to protect people. He says are just trying to do the right thing in the eyes of the law two years ago. Austin ended its practice of jailing low income residents who are unable to pay those fines, Patrick Osborne. Newsradio. J residents of the Comanche trail neighborhood near lake Travis have a test evacuation drill. Preparing in the event. A wildfire strikes that area office a wildfire division. Fire marshal will bittner says it's all about practice in sports. You play like you practice. And so you practice hard. You play. Well, you'll do you execute. Well, he says the results of this exercise will be valuated to make the evacuation plan better. Even though the Federal Reserve Board expect slower growth in two thousand nine hundred nationally Dallas Federal Reserve Board, President Robert Kaplan expects Texas to outpace the country Austin fire and Austin police are investigating what sparked in east Austin house fire that killed one person AFDC division, g Palmer buck tells the Austin American statesman at when firefighters went into the house and the fifteen hundred block of Holly street, they found someone dead inside this point no idea what caused the fire that and work with the police department trying to cause.
"dallas federal reserve" Discussed on KLBJ 590AM
"To five and we're going to get to our viral video coming up at six twenty this drunk woman on a plane spirit airlines flights, and we kind of throw the question out there. What do you think about people to get drunk on these planes, these planes isn't a good idea to serve a bunch of booze for one hundred people trapped inside a tube at thirty thousand feet is that a good idea? Sometimes not goes check out the viral video on my Facebook page at Todd Jeffries, interesting. This morning Austin's median home price dipped an hourly wages grew in December. That's according to the latest economic indicators report out of the Dallas Federal Reserve now overall the fed reports Austin economy has expanded to at a healthy pace. And it shows hourly wages grew almost five percent last year in state above the national average rates as well. Median home prices dipped by two percents more than three hundred and five thousand dollars, but was still well above the statewide average. We still got the most expensive homes, but we're starting to make a little bit more money. Maybe not quite enough. But a five percent increase. That's nothing to sneeze at. I still haven't received my appraisal near appraisal for this year. It'll be interesting to see what things happened there. It doesn't feel like it. But as far as wages rising. That's that's great. That's great news. Not surprised about that. At all. Now. Two people actually showed up to this protest yesterday on president's day at Republic Square. Downtown up her heard estimates of about fifty people showed up, according to statesman, three hundred three anywhere in their three hundred. Yeah. All right. That's a pretty good crowd. That's a roughly three hundred well, dozens of protestors that gathered there at Republic Square park to speak out against President Trump's crackdown on illegal immigration. It is pushed for a border wall. Speakers was Annemarie Ray and immigration activist. Who says President Trump is the national crisis not immigration crisis that our government unconstitutional and Rosen of the law. Humanitarian response have created. What is your response lady? What is Bernie Sanders response? What's Rachel maddow's response? For the thousands of people were currently taking care of with education health care and protection along the border because they came across legally, we're taking care of them. What is the democrat proposal to reach out and help those people have you heard of anything because we literally have thousands of illegal immigrant children who are now orphans that have crossed our border with no parent. What is the Kamala Harris Booker Cory Booker plan to help these kids? Have you heard any proposal from the Greg Khazar of the world? Have you heard any ideas on how to take care of these poor people that have crossed our border? Let me go Google it. Now there speakers urged louder longer and more intrusive protests and petition was also passed around trying to gather signatures against any effort by Texas to help fund a portion of this wall. So there you go. Greg casare was their featured speaker yesterday. There at Republic parts RAM EMS. He's going to join us at seven twenty good. Good seven twenty seven twenty on the spot seven twenty right now, though, it is time for the rush update. You have heard about the Medicare for all thing. Right. That's the commie. Pinko proposal at Bernie Sanders. Kamala, Harris, Alexandria, o'casey or Cortez and other leftist or using.
"dallas federal reserve" Discussed on KLBJ 590AM
"Morning. I'm Robert Wood service of hedge. Cock dental topping auspice news over property tax reform continues at the capital earlier this week the Senate committee on property tax voted to send SP two to the full Senate for consideration. But committee members Senator Juan Jose says requiring voter approval for any tax revenue increase beyond two point five percent would hurt public schools down the line who really address some attack and throw song. This problem. Focus on Bundy. Public schools to a level they will lower property taxes significantly for our taxpayers. However, supporters of SP to say, it's a big step towards more local control hourly wages ticked upward in the final month of twenty eighteen. That's according to a new report from the Dallas Federal Reserve, which has hourly wages jumped four point nine percent in December compared to a year earlier increased puts the average hourly private sector pay up to twenty nine dollars and ninety seven cents. That's the highest average seen in all of two thousand eighteen Austin's. Wage increases were notably smaller than other parts of the state, but they did rise from November. The unemployment rate remains low across the state that certainly applies to Austin which rate of two point nine percent in December state unemployment rate. Three point seven percent. Patrick osborne. Newsradio KLBJ environment. Texas wants the university of Texas and other colleges around the country. We go one hundred percent renewable energy. The group's Emma paps says that means stopping oil and gas production on UT's land in west Texas, two million acres of university land. A great opportunity to help you along on the path to one hundred percent renewable.
"dallas federal reserve" Discussed on KLBJ 590AM
"This is Fox News. Radio KLBJ. Topping Austin's news. The Dallas Federal Reserve Bank entertaining will report expects job growth in Texas this year to be slower than last year about one and a half percent compared to two point four percent in two thousand eighteen senior economist Keith Phillips. That is due to one major factor not enough workers around and boy is constantly figuring. How to do more with Hugh workers? He does expect the state's economy to grow. Even if there is a major fall in oil prices the Austin areas unemployment radio steadied in two thousand eighteen two point seven percent for December it stayed in that area most of twenty eighteen and was lower than the statewide average three point seven percent. The push resumes to get more funding for schools in east Austin teacher's union education. Austin says most of the city's underperforming schools are in east Austin, and therefore almost by default. They need to be given a leg up compared to the kids in west Austin, Kansas is the president of education often those who historically and their parents and their grandparents didn't have as much they need more. Now compared to those who have parents and grandparents that had a lot that provided them privileged to be successful. However, the Austin school district already pumps thousands of dollars more into underperforming schools as an example at Mendez middle school alone. Is dispensed thirteen thousand dollars per student. Patrick osborne. Newsradio. Bass rod based film studio. New Republic studios stepped into some new territory co-producing feature films studio, president mini. Raymond says the indie film sister, Amy is also their first production. That's been accepted to the Sundance film festival. One of the most prestigious back devils in the world. And now the KLBJ radar weatherwise clear and colder tonight, a low thirty two tomorrow. Bright sunny day with a high fifty seven Monday, mostly sunny, breezy, mild or in the afternoon. A high sixty five from the weather center, I'm meteorologist Dave Bowers. Robert would get news on demand and NewsRadio KLBJ dot com..
"dallas federal reserve" Discussed on KTRH
"Steam cleaning the top story this hour, the partial government shutdown entering day twenty-six and the ongoing efforts by President Trump to negotiate only infuriates the. Vacationing democrats? Fox's Kristen Fisher has more President Trump tried to do something different though. Instead of negotiating with speaker Pelosi. He tried to sit down with the rank and file Democrats. He invited them to lunch at the White House. Only problem was not a single democrat showed up. But Democrats argue the invitation was not sincere that it was nothing more than an attempt at a photo op. Instead a group of house. Democrats went to Senate majority leader Mitch McConnell's office to demand he considered the bills the house passed to fund the government, but McConnell wasn't there. The problem keeps getting worse for the politicians and for the federal employees and contractors whose paychecks have become a bargaining chip about eight hundred thousand federal employees have been furloughed or they worked without pay during the shutdown in some have still been getting some paychecks. But they're due to be furloughed very soon operations at Bush intercontinental airport continue to be. Impacted by this partial government, shutdown ticketing and security screening areas in terminal had been close in Sunday afternoon, and they're going to remain. So again today flights still operating though from that terminal passengers just have to go through screening and terminals c or e before they proceed to their gates President Trump has been trying to get his agenda pass for two years. Now, not just the wall. But anything he's been blocked by Democrats and KTAR ages Clevelanders is live and says that now that they control the house will just look for nonstop political war. Yeah. Just look at their agenda. Gary pollen with the Texas conservative review says it's all about Trump unless about oh governing. Their main focus, it seems clear now is to investigate harass. The president's former FBI official Terry telling Fox News. This includes disbanding a subcommittee on terrorism to form one that will spend time investigating the president. The hard left has a great influence today in the Democratic Party. That's the national security. Problem in itself. It's also telling us that the the resistance is very much alive. And well pollen says this most put your safety at risk, it appears with Democrats believe there's no longer a reason to worry about terrorism in the world, clearly the case, adding that up the left keeps us up del regret it in twenty twenty. All right. We're asking you folks today now with Democrats controlling the house. Do you think that we're just in for a state of nonstop political war to Kate your H dot com tells us what you think on our Facebook page. Senate Judiciary committee, which is controlled by Republicans started confirmation hearings for William bar on Tuesday. He's President Trump's attorney general nominee and during questioning by Republican Senator Joni Ernst of Iowa bar did advocate a barrier across the US southern border. We need a barrier system across the border to part of that is illegal immigration. But a big part of it also is preventing the influx of drugs, not to mention sex trafficking and human trafficking bar also served as attorney general under former President George Hw Bush, forty one our news time seven thirty seven. You know, if you're looking at your finances ahead this year millennials might be the only ones who are optimistic about it. Because you're expecting to make more money at work Bank rates bat. Mark Hamrick says they did a study that found the majority of Americans don't think their personal financial situation will be any. Better this year than it was last year. Fifty five percent of Americans are downbeat about their finances. Twelve percent think their situation will be worse and forty four percent think it'll stay the same. He says the good news. The priority of everyone surveyed was paying down their debt this year as interest rates. Yeah. Now, the Dallas Federal Reserve Bank expecting job growth in Texas to slow this year. Well, yeah. Because we had such increases. You know, if you can't keep increasing at the rate senior economic economists Keith Phillips says it's due to one major factor, though, not enough workers around and boy is constantly figuring out how to do more with few workers. Of like the government's having to do right now. He expects this state's economy to grow though. Even if there's a major fall in oil prices because we've got some economic diversity on this date helps us to survive more easily during those repeated oilfield downturns. How did you get a single flu shot that would last a lifetime researches at Texas Tech say it's possible? They don't have a timetable Dr Harvey or Gildo says it could be get it. And forget it though are universal vaccine is something conceptually should be able to work against all the different strains that exist. Our might come out in future, and you would not need to update the vaccine he says it's possible though, you might have to have one or two booster shots afterwards as they are with hepatitis but still in development stage. We'll find out Houston Rockets facing the Brooklyn nets at Toyota tonight..
"dallas federal reserve" Discussed on Bloomberg Radio New York
"Tightened too much. Is there a possibility there, right? They will know in hindsight, my guess is that when we look back a year or two years from now, we'll talk less about the fact that we're at two and a quarter to two and a half percent today and more about what the fed does from here. I think I think what we do in two thousand nine hundred nine we'll turn out to be more significant than whether two and a quarter to two and a half is is too far and remind people at a two percent. Inflation rate means real interest rates are a quarter to a half. Also, my own view has been a few months ago. The fed doesn't need to be stimulating the economy. We're still in my view mildly. You're very modestly stimulus. We're not restrictive here. So my guess is it's going to matter much more what we do from here than anything. We've done up to. Now, we're talking about Robert Kaplan. He's the president of the Dallas Federal Reserve Bank. Joining us for a new year interview this morning. You look at the w I r p function on the Bloomberg calculates interest rate probabilities, and basically the markets have priced out any move for two thousand nine hundred. And in fact, there's more a likelihood of a cut before the end of the year than another rate increase is that a fair assumption in the markets. I market market expectations can change on a dime. Sentiment can change. I can just tell you my own view. Which is I would advocate. We shouldn't be taking any further action until some of these uncertainties resolve themselves, and I think that could take several months. I'm open minded about what the timetable might be. And we'll be watching very very carefully has the idea of a cut even entered your discussions, or or mind, you it hasn't entered my mind, I think my main my main objective is just to be vigilant and e patient and monitoring the Konami during during this period here for the next number inflation in my judgment is not running away from us. We're writing about two percent. I think the structural forces of technology, and to some extent globalization or having a meeting affect inflation. So we've got the luxury at the fed. We're very fortunate. We've got the luxury to be patient, and we ought to take advantage of that opportunity. You're the president of the Federal Reserve Bank of the oil patch. So with oil prices down forty percent is this gonna be like two thousand sixteen where investment suddenly dries up hits the larger economy? My guess is probably won't go to that extent. But we've got a few things going on some of them are supply related summer demand-related. So US has produced more than people had expected. That's number one. The shale Permian has been much more prolific than people thought number two Saudi Arabia increased production, as you know in other OPEC countries. And then the US gave more waivers than were expected for rainy in production. So that's the supply side that's created some excess supply. But the other thing that's going on in the price is people are worried about global deceleration. Growth deceleration, and that's affecting the price to this is part of this is a demand story. I think you'll see in the oil patch because there's so many drilled and uncompleted, but uncompleted wells, you'll see production still this year net increased by a million barrels a day. Plus, I think the issue will be if this lower prices go on for an extended period of time, you'll have some meeting effect on cap ex and it may affect twenty twenty but our survey show, and my discussions with context, you just even at this price. We're above break-even from most areas of the Permian basin. Trump tweets government shutdown trade wars does the dysfunction in Washington have any discernible impact on the economy yet as far as you can see I'm not gonna comment on any any one of those as you as you probably won't surprise you. But I would say the general level of uncertainty out. There is very high talked to business people regularly. I'm the former businessperson at I would say the level of uncertainty is very high and. And I think when business people feel uncertain it has a chilling effect on cap ex employment decisions. Trade tensions, are example and part of that uncertainty. Also, I'm very aware of the fact that input costs for companies have gone up pricing power is lower than it's been in my lifetime. And so there's tends to be a margin. Squeeze going on all that creates uncertainty which tends to cause businesses to be more careful about making investment decisions where the president's tweets about the fed disgusting any way, overtly or indirectly at the December nineteenth meeting. I won't I won't comment on that other than to say which won't surprise you the standard for the fed which I'm confident will adhere to is we'll we'll make decisions without regard to political influence or political considerations. And I'm very confident around the table, that's the standard. We're going to uphold. Well, the president did tweet that the impasse over the government shutdown continues. He might close the southern border as the fed official responsible for much of that southern border. What impact would that half will? The fact of the matter is our trade flows with Mexico or critical to US competitiveness critical. The US GDP, Texas, by the way is the largest exporting state in the country, but there's a whole swath of industries in I'd states that use logistics and supply chains across that border to improve their global competitiveness. It's critical the jobs and growth in the United States. When you look ahead to two thousand nineteen has your outlook changed in terms of whether you're worried about where we are. Do you think it can be managed can the fed bring us in for a soft landing on hopeful that we can? But I think it's critical. What we do. Now. You know, people ask me about the probability of recession, and what they tell them. They'll be a recession someday our job at the fed is is maximum with price stability and to try to extend this expansion. And I think we we have an opportunity depend on what we do here in the next months that we can handle this right where we can we can achieve that dual mandate. But it's critical. I think what we do here over the next several months. Robert Kaplan, president of the Dallas fed joining us on Bloomberg television and radio worldwide this morning. Thank you very much. Thanks to you. Michael mckee? Thank you, so much course, Mr. mckeon, the press conferences, chairman Powell and here with the Dallas fed president right at the end of that interview. John Farrell was really classic Kaplan. It's critical. What we do. Now. By we. I think it's fascinating. I know with cabinets an open openly. What is President Trump? Do what a secretary minutia new one is chairman Powell do in the set of decisions in general what I really heard there within his dovish nece was a more data dependent fed is a my question is whether that is just the view of Mr. Kaplan, president Kaplan, whether that's a window into the committee and the middle ground at the committee on the FOMC right now, I'm not convinced. It is when he says things like we ought to be open to adjusting the balance sheet run off. That's not my takeaway champion, pal. This is something that's so important. And I think even within the great the world class economics coverage of Bloomberg. We don't discern between John Williams of New York Robert Kaplan of Dallas and name another fed president. I mean, they're all very different aren't they? Absolutely. We'll continue the conversation. We can bring an jazzy Bloomberg intelligence US race strategist, he joins us now. Good morning to you. Ira. Your thoughts on that interview. Fantastic interview from Bloomberg's Michael Mckee. Hey, John, and Tom, I think you know Kaplan, obviously has been a little bit more on the dollars and pragmatic side. I do think some of its comments concerning the markets and how you know, he and other members of the FOMC on are looking at markets and reading the market tea leaves for what they're going to do. I you know, we slowly the fed has gotten more dovish. I mean, even Jay Powell in December. I would read his comments not as dovish as as maybe we had suspected him that he would be. But he was certainly more than say he was at one of his speeches in November. And and more dovish than certainly the the statement was at the November FOMC meeting. So so I think you know, there's always a process rate the fed tries to leave open all of its options whenever it can. And I think that you know, comments like this while perhaps not completely completely staged. You know, the the the members of the FOMC speak to each other more frequently than at these. Meetings every six weeks. So so I think that this type of stinking is probably per mutating a little bit more than we think through members of the of the FOMC, let's start with the growth outlook that become work our way through what it means for rights, and what we can infer from president Kaplan, and what it means for the balance sheet. It's well this line that the United States is unlikely to be immune for the China growth slowed down from president Kaplan. Do you think that's something? They're a little bit more conscious of given. What's happened at the back end at twenty eight hundred. Yeah, I think it is. And and when you look at a lot of the forward-looking data, you know, leading indicators, I mean, for example, a lot of things like like like is new orders on those data have come off their peaks. Right. So so while none of the data's pointing toward a recession in the near term. Everything is slowing down as it slows down. You have to readjust for that. That you know, a lot of times it's not the first derivative. So it's not you know are things going up, but it's the pace of health after going up. So the second that really matters markets and where the pricing IRA. I want you to walk mere mortals through the inverted ones. Twos. Spread normally the two year yield is higher larger than the one year yield. And now the one year yield is higher translate that from your mortals. Well, so, you know, so some people would say that that means that we're pricing in for a cut in in two thousand twenty I've you it a little bit differently. So I would say that the front end of the yield curve. So the one year treasury yield two year treasury yield I'll to the five year treasury yield is flat. It just pancaked. And what that's telling you is that we're at the economic speed limit of where rates are that? If the fed were to be hold from now until five years from now than you could expect growth in asleep. To remain at a similar level from that the risk here is that if the fed were to continue to hike hiking March, and if the market started the price for a hike in June, then you'd really invert that yield curve, and you'd be saying, okay. We think that yields are going to be higher now. But growth and inflation down the road is going to be worse. Yeah. You know, we're making a big deal about one basis point some of that is technical. There's a lot of bills that are being there's different funding that has to be done where people buy these things and and and bite him on leverage. So they so they actually borrow money in order to buy some of these bonds, and it's harder to buy a one year note on one-year T-bill on leverage that is a two year. So. So I wouldn't worry about the one basis point winds up five ten fifteen basis points, then that the signal that for sure the market is thinking that there's going to be much lower growth down the road than there is now. Well, let's move the conversation. Just a touch away couple of degrees away from a right cut towards the idea of a rape. Pause. President Kaplan just said he favors taking no fed rate hike action at least for the first couple of quarters this very peculiar forum taking place tomorrow. What shampoo will speak alongside the former chairman Ben banenky and former chair Janet Yellen as well. Do you think that's an appropriate forum for chairman pal to echo that kind of sentiment to set us up for the idea that maybe we take our time here we lift our foot off the pedal for the next couple of quarters. I think it is an option, you know, a lot of times they used to talk about the Jackson Hole symposium was was a place where you would do this..