35 Burst results for "Jackson Hole"
Tyler Perry’s absentee ballot never showed up, so he flew to Atlanta to vote
"Tyler perry wanted to vote in yesterday's runoff so bad that he hopped on a jet and flew all the way to georgia in person to cast his ballot because his absentee ballot never showed up after no door to senate candidate received fifty percent of the vo in november. The racist runoffs. If you aren't aware tyler said he waited and waited for more than a month for his. Absentee ballot never came so he was in jackson hole. Wyoming hopped on. His private jet flew to georgia. He was there yesterday. The election The latest on the election. Reverend raphael warnock the senior pastor of that big ebeneezer baptist. Church in atlanta will officially be the first black senator from georgia. Cnn projected that early this morning. He is the first georgia democrat to the senate in twenty years. Now control of the senate comes down to republican david perdue who still trailing in his fight to keep his seat against democrat. Jon ossoff and this is big because democ democrats excuse me will control the senate if ossoff wins if purdue wins republicans will maintain control and able to block. President elect biden's cabinet appointments judicial picks and legislative agenda. So we're still waiting on those
Swim at hotel pools with Miami-based Daycation app
"All those beautiful hotels and all those beautiful pools and probably thinking I'd love to just go spend a day at the pool but I don't WanNa stay overnight 'cause it's in my neighborhood. What if it was a station? What if it was a daycare while matthew bones got a new APP called Daykitchen that can arrange for you to just go over to the pool and hang out for a for a small fee matthew this is the apple of my dreams tell everybody about it. Thank you so much. Thank you so much for having me on Truly appreciate it and yeah, that's A fun time for us to see what can happen with patient obviously lots of things size of negative in the external environment. But we're making our way through happy to tell you about the company and how it started. We'll basically just just the fill everybody in for twenty to thirty dollars you can go to a local hotel and go hang at the pool for a day right exactly. Yeah. That's the idea instant vacation in your pocket on the quicker Biden whether you're living in the city. Or in the future traveling on, you can click a button and hang out at the hotel for the day. Enjoyed a pool, enjoy all the amenities and you're primarily in Florida right now. So. Yeah. We have hotels actually in over twenty five cities we started in Miami we have over twenty hotels in. Miami Beach Miami proper by now we're we're expanding really rapidly. You just find were hotels one in Greece just last week, and then two more and in South America this week So it's been been wild to see all the new properties coming on you know I waiting I'm waiting for Los Angeles absolutely yes. We have many people waiting for Angeles and why here our launching a number of new properties here, which will be great all socially distanced and with the covert features that we put in to to make sure people stay safe as well. This is a tough time because they don't want too many people too many people to pool, but eventually, Kobe will be behind us and we'll be able to go do the dream vacation tell everybody how you cannot with the APP. Your or thing Always had a passionate for hospitality of I grew up working in a small Boutique Hotel in Right next to Jackson Hole Wyoming. and I had this dream of one David Holding developing luxury hotels around the world But as a starter needed to use something a little bit more creative to get into the industry and so my family and I. We're on this trip to Cancun Mexico, and we're walking up and down the beaching resolve. These beautiful hotel cools all these people having fun and enjoying themselves and we thought no, one would be great if we can just go in there for the day and walk in and out of them if we could done the day enjoying the amenities said, no. You can't come in unless you haven't overnight room and so. I was sitting in my dorm room at Brown University Are Studying economics at the time and this idea hitting I thought wait a minute. Now, what if we created this system for all these beautiful hotels around the world sell more than just the overnight room and so we created vacation to solve that problem for hotels empty space that they want to sell and those people that are here on vacation looking to try new hotel properties or adversity. Now, all of those locals that are looking for a way to take on quote vacation or station on their sted one of some of the twenty five cities that you're him. So at some other cities include Miami we are do have ocal here in Los Angeles for obviously launching more We have stuff in New York we have a number of hotels throughout the Caribbean we watched up in Chicago interestingly enough places in Arizona. Hawaii. Texas work kind of goes on. Well, good luck, matthew the APP is called. Daycare.
Swim at hotel pools with Daycation app
"All those beautiful hotels and all those beautiful pools and probably thinking I'd love to just go spend a day at the pool but I don't WanNa stay overnight 'cause it's in my neighborhood. What if it was a station? What if it was a daycare while matthew bones got a new APP called Daykitchen that can arrange for you to just go over to the pool and hang out for a for a small fee matthew. This is the apple of my dreams tell everybody about it. Thank you so much. Thank you so much for having me on Truly appreciate it, and yeah, that's A fun time for us to see what can happen with patient obviously lots of things size of negative in the external environment but we're making our way through happy to tell you about the company and how it started. We'll basically just just the fill everybody in for twenty to thirty dollars. You can go to a local hotel and go hang at the pool for a day, right? Exactly. Yeah. That's the idea instant vacation in your pocket on the quicker Biden whether you're living in the city. Or in the future traveling on, you can click a button and hang out at the hotel for the day. Enjoyed a pool, enjoy all the amenities and you're primarily in Florida right now. So. Yeah. We have hotels actually in over twenty five cities we started in Miami we have over twenty hotels in. Miami Beach Miami proper by now we're we're expanding really rapidly. You just find were hotels one in Greece just last week, and then two more and in South America this week So it's been been wild to see all the new properties coming on you know I waiting I'm waiting for Los Angeles absolutely yes. We have many people waiting for Angeles and why here our launching a number of new properties here, which will be great all socially distanced and with the covert features that we put in to to make sure people stay safe as well. This is a tough time because they don't want too many people too many people to pool, but eventually, Kobe will be behind us and we'll be able to go do the dream vacation tell everybody how you cannot with the APP. Your or thing Always had a passionate for hospitality of I grew up working in a small Boutique Hotel in Right next to Jackson. Hole Wyoming. and I had this dream of one day dubbing developing luxury hotels around the world But as a starter needed to use something a little bit more creative to get into the industry and so my family and I. We're on this trip to Cancun Mexico and we're walking up and down the beaching resolve. These beautiful hotel cools all these people having fun and enjoying themselves and we thought no, one would be great if we can just go in there for the day and walk in and out of them if we could done the day enjoying the amenities said, no. You can't come in unless you haven't overnight room and so. I was sitting in my dorm room at Brown University Are Studying economics at the time and this idea hitting I thought wait a minute. Now, what if we created this system for all these beautiful hotels around the world sell more than just the overnight room and so we created vacation to solve that problem for hotels empty space that they want to sell and those people that are here on vacation looking to try new hotel properties or adversity. Now, all of those locals that are looking for a way to take on quote vacation or station on their sted one of some of the twenty five cities that you're him. So at some other cities, include Miami we are do have ocal here in Los Angeles for obviously launching more we have stuff in New York. We have a number of hotels throughout the Caribbean we watched up in Chicago interestingly enough places. In. Arizona Hawaii. Texas work kind of goes on. Well, good luck matthew the APP is called daycare even
"jackson hole" Discussed on AM 1590 WCGO
"Keep trying to talk about this. We keep getting interrupted. I want to talk about what happened at Jackson Hole last week. It's the Feds symposium every summer in August. The Fed has a symposium added a resort in Jackson Hole, Wyoming and It's full of economists in journalists and central bankers. So essentially the worst people in the world all in one place. I've haven't been formally invited. There was I knew a guy that Invited me to come along, and I was like, Ah! No, I don't think so. There's believe it or not, like central bankers have like groupies. There's people that are like big fans of these people, and I don't I don't know, man. But there was zero useful information out of Powell speech at Jackson Hole, He said. Exactly what We thought he was going to say. Which is that the Fed wants inflation to average 2%. And if you don't understand the semantics there In the past the Fed man, I just, You know, I can't. I can't even do this. Go back to 2012 the inflation target for the Fed with zero then in 2012. They raised it to 2%. They wanted 2% inflation and inflation has been consistently under shooting 2%, which he would say is great. We have less inflation, but the Fed is like no We actually want Mohr inflation. So what we're gonna do is we're gonna have inflation averaged 2%. So if inflation was blow 2% before we're gonna have it above 2% now. They're actually trying to create inflation. The Fed, which is supposed to be the guardian of the purchasing power of the currency is trying to incinerate it on purpose. Ah, lot of people don't fully appreciate this. It's a big deal. You probably noticed that your groceries are more expensive. Yes, We're getting inflation and the Fed wants Tohave Mohr inflation. It's insanity. It's insanity. And Okay, so let's ask some philosophical questions. The Fed controls interest rates. What interest rates do they control? Well, Theoretically, they control fed funds, but they're also buying bonds with quantitative easing, so that kind of control all interest rates. They control.
Powell announces new Fed approach to inflation that could keep rates lower for longer
"In his speech at the annual Jackson Hole Symposium. This morning fed chair Jay Powell given official update to the Fed's policy on inflation targeting. It was one of. The most significant revamps in their policy strategy since twenty twelve having deliberated on these changes for the past year and a half the Fed is seeking to average out there inflation target of two percent over the long term in other words in periods where inflation consistently is under two percent, the federal structure monetary policy to a of the two percent threshold to average it out and meet their target over. Time since setting the inflation target a two percent in twenty twelve, the Fed has only met that a few times in the past eight years averaging about one point, four percent pal today had said quote the persistent undershoot of inflation from our two percent longer run objective is cause for concern end quote averaging out there inflation targeting would help them avoid quote adverse cycle of ever lower inflation and inflation. Expectations and quote an economy that thrives on credit and its growth. A deflationary environment causes the debt burden to increase in real terms. Low inflation is also a direct contributor to low rates which when an economic downturn occurs significantly hampers the central banks is ability to support the economy through a recessionary period. New statement explicitly acknowledged the challenge posed by the proximity of interest rates to the effective lower bound. By, reducing our scope to support the economy by cutting interest rates a lower bound increases, downward risks to employment and inflation regard to the employment side of our mandate. Our revised statement emphasizes that maximum employment is a broad based and inclusive goal. This change reflects our appreciation for the benefits of a strong labor market particularly for many in low and moderate income communities. In other words, the shift in policy is meant to expand strong labor market gains in order to reach more workers in light of how the US economic expansion prior to the pandemic benefited minorities and women in finding jobs and the civil unrest that is accepted the summer all in all racial be lower for longer much longer allowing the economy to run hot yields on long bonds took a brief dive just minutes before Powell's address, but they took back. Up as the Fed chair laid out his lower for longer vision, a steepening yield curve makes sense in the context of the Fed's new inflation targeting regime since investors demand a higher yield in order to receive payment in currency that may be worth less as I'm recording this the thirty year flirts with a one point five percent threshold. The question I'm wondering is could a breach of that key level be a catalyst for price action inequities as well as gold,
Asian shares lower as investors await Fed chair's speech
"As I said, Don't be stalling of it. Certainly in Asia today Isn't that investors really taking a pause to wait for what comes out of Jackson Hole? That symposium on the clear speech that people are hoping to get from the Fed chair J Power? Yes, you Borden run you. I say there is a lot of station ahead of the Jackson or symposium in cans and Daniel's unfortunate course this year will be a virtual rather than an actual gathering. And we have your own pal speaking tomorrow, and the expectation is that he'll discuss defense policy framework review and mainly the groundwork for a new strategy to speak faster inflation. I say it's not entirely certain how granular Powell's when it's the speech with regards to the results of the ventilation study. I say there is a growing consensus central bank may be leaning towards a policy that allows inflation to move past 2% goal to make up for years of undershooting that target And if we look at the fence favorite measure of inflation Corp you see, that's about one per cent over the past 10 years or so. And during that time, any prints that we've seen above 2%? I've been very short lived. I think the big worry right now is the most recent core PT print was on ly spot 9%. So is far Parson will And I say This is cause for concern for both the bond market and force then for policy makers. Those results. I'd expect how with this inflation backdrop and with the persistence of the pandemic to reiterate defence commitment to supporting it, Cock. I think he's going to states. The federal provides him this That will continue providing that could ultimately send inflation higher. I think I think this needed quite a cute as well. Roger material additional fiscal, sending us does nothing to be forthcoming. Congress doesn't mean we have to get it back together and work with the White House to put some sort of additional fiscal package together, so as a result, it puts a lot of pressure on said to underwrite the economic As a result, I think, inspect piles messaging, They're forced to acknowledge the down side facing us.
3 hot air balloons crash in Wyoming, injuring 12 people
"Dozen people are injured after three hot air balloons crash near Jackson Hole, Wyoming, The sightseeing balloons went down in the foothills of the Teton Village resort. At least one of those herd is believed to have serious injuries. It appears there was an unexpected downdraft of winds. Because the balloons to crash the NTSB is
3 Wyoming sightseeing balloons crash, as many as 20 injured
"Hi Mike Crossey a reporting three sight seeing balloons crash in Wyoming authorities in Wyoming say three sight seeing balloons crashed Monday in separate incidents near Jackson Hole injuring as many as twenty people at least one person was flown to a hospital in Idaho falls Idaho for treatment Teton county sheriff Matt Kerr said whether apparently was a factor and the exact cause of the crash is was under investigation the balloons are all owned by tour operator Wyoming balloon company hi Mike Rossio
Who Were the Wild West's 'Petticoat Rulers'?
"The United States continues to lag in terms of the representation of women in government. As of June twenty twenty, we ranked eighty first out of one hundred ninety three countries. One perhaps unlikely town became known for unprecedented progressiveness a century ago, Jackson! Wyoming In May of nineteen twenty, yes, three months before the nineteenth amendment nationally recognized women's right to even vote an all female nicknamed the petticoat rulers established order in this wild. West, town. Wyoming was ahead of its time. In terms of women's suffrage back in eighteen, sixty nine, it had been the first territory or state in the union to pass a law. Guaranteeing women the right to vote. We spoke by email with Morgan Jawan. Executive Director of the Jackson Hole Historical Society and museum. She said this may be a bit dramatic, but I often say that Jackson could very easily faded into landscape in the early twentieth century. If not for these women, this was a rugged place, incredibly difficult to settle while Jackson had a strong community where everyone helped each other out, there was very little emphasis on government and civic responsibility. It may be tough to believe that an all female government could have ruled a small town in twentieth century. America, when sexism still remains a major barrier in modern politics, but on May Eleventh Nineteen, twenty, Jackson elected Grace Miller as mayor and rose crabtree made Loney Festina height and Genevieve van flack as council members, the five women claimed victory over an all male roster, and crabtree even beat out her husband Henry for the position. This landmark win was no accident, either the election drew the most voters. The town had seen at that point, and in many cases, the women dominated their male opponents spy margin of two to one. While towns in Kansas and Utah had already elected all-female town councils in eighteen, Eighty, eight and nineteen twelve respectively, this election was a major turning point Yellen said the all Women Town Council of Nineteen twenty stepped up and shaped the town into the place. We know in love today. They graded the streets. They expanded electrical service and installed streetlamps. They established the first town cemetery and built the town's budget. Be Able to continue serving community members. According to a nineteen twenty two article from the Delineate or magazine, there was only two hundred dollars in town coffers when the women took office due to uncollected fines and taxes. As the article states. went out personally and collected every Senate due to the town from those who ignored the notices. Before the end of a fortnight, there was two thousand dollars in the treasury. Things didn't necessarily all start out with a Flash Bang. Though Yellen said a funny story I'd always heard all women town council had formalized the square, and until recently I assumed that meant creating the park like square. We see today, but what it actually meant was that these councilman as they called themselves and official documents simply prohibited the grazing of cattle on the town square. You have to start somewhere. As for what inspired the women to effect lasting change. Yellen says their methods and motives were rather simple. She quoted mayor. Grace Miller from an interview in Nineteen, twenty two. We simply tried to work together. We put into practice the same thrifty principles. We exercise our own homes. We wanted to clean well-kept progressive town in which to raise our families. What is good government but a breathing space for good citizenship? While so-called petty coat rulers successfully establish a lasting legacy y'all win cautions that celebrating their history simply isn't enough. She said the story of the All Women Town Council is incredible and certainly something to celebrate and be proud of for the town Jackson Hole has many stories of powerful women, and generally our history is one of inclusivity, adaptability and ingenuity. Everyone had to pull their weight and be open, minded in order to survive. However it still important to look at the big picture and use history as something to learn from, and not just celebrate Jackson did not see another woman in an elected position until the nineteen eighties, the all woman town council was necessary and successful, but unfortunately did not create a new normal, and Jackson was not immune to the times, but it is exciting and encouraging to see more diversity in our local government, including women in all levels elected positions. The women of nineteen twenties still serve encouraging role. Role models for anyone in Wyoming, a visit to the Jackson hole historical. Society and museum offer plenty of additional insights into the legend of these women of the wild west. The museum houses a number of historical documents and photographs of the women and information about their time in office as well as Mayor Grace Miller sidesaddle and the black coach. She can be seen wearing in most photos. They also have a number of exhibits online, and you can do further research through their stand classen research center.
High Avalanche Danger Out West Affects Transportation And Ski Areas
"To another story now. It's been a chaotic couple of weeks in the rocky mountains where large avalanches have closed highways ski resorts a single storm near Salt Lake City. It triggered a record forty eight slides as NPR's Kirk siegler reports. The increased avalanche risk comes at a time when more and more people are hitting the slopes in the high country. God probably Craggy Teton Mountains of North West Wyoming steep and deep Jackson hole is as a magnet for extreme skiers right. They're buddies goading them on on Matt Beauregard. And Rick lawler drop a fifteen foot cliff in this glade. Area called the tower three shits as just a melody honestly. You were just rep around rounded bounce. Skiing inbounds inside. The patrolled boundaries of the ski resort generally thought to be safer when it comes to avalanches. That's because all season skiers. I've been packing this snow down and stabilising it. But Matt Beauregard knows that's no guarantee we've actually triggered small slides on this exact face. They may duck a rope and ski ski out of bounds into the back country. But even here at the resort. They're wearing avalanche transceivers and safety gear. Just in case education's probably the most important thing. Rick here's wearing an air bag for added protection so in the case that he is stuck inside an avalanche you'll be able to pull this cord and hopefully float to the surface inbounds or in the back country. Avalanche danger is high across the mountain west. An unusually snowy early season followed by drought than dry powder. Storms then a punch of heavy wet snow last weekend in Utah. Today's storm dumped six and a half feet in Little Cottonwood Canyon home to the snowbird and Alta resorts awards and it ended up closing little cottonwood for fifty four hours and forty eight. Avalanches were reported one of those hit. The Road Mickey Champion is a forecaster here at the Utah Avalanche Center. She recorded wind speeds up to a hundred miles an hour on Ridge tops that further destabilize the already volatile snowpack in the Wasatch satch mountains. And then you put a big wrong heavy load or a wind load on top of that it just kind of upside down. It's like a pyramid when you take out the Baser Django when you remove one of the pieces says there were no fatalities reported in Utah. But last month skiers were buried and killed in avalanches within patrolled terrain at resorts in California and Idaho. Oh all of this is putting the round. The clock work. People tasked with keeping these mountains safe under the microscope Jackson Hole. Ski Patrol Director Drew Neilan stepping into his bindings above. You can't see it in the fog now. But there's a big cirque above us here and that's Casper Bowl. All and all that terrain is avalanche terrain every morning at dawn before the tram and the Gondolas Starts Spinning Army of Nielsen's patrol or detonating explosives lives to intentionally trigger slides. Now so skiers don't later and some of these can even be detonated remotely thanks to new robot like trolleys that reach even more dangerous surest remote places. Obviously we worry about avalanches coming down into the heavily congested areas. So that's one of our biggest concerns to get that work done early. Another big concern is simply that more. People are venturing out further into areas. They normally wouldn't have thanks to improved equipment. I think people assume that we're able that. We have the ability to completely eliminate the risk of avalanches within the scary. And that's just not the case but avalanche forecasters say along with the increased risk. It comes a new cachet becoming cool to say. You've taken avalanche courses and Dir as prepared as you can be Kirk Siegler N._p._R.. News Jackson Wyoming.
"jackson hole" Discussed on Monocle 24: The Bulletin with UBS
"From the sharpest minds and freshest thing because in the world of finance taking you beyond the numbers in the height and getting to the heart of the big issues of the day today today we're looking back at two major events on the global stage that wrapped up in the past week the g. seven summit in france and the two thousand nineteen jackson hole symposium commentators than analysts will discuss what was on the agenda in barrett's and weiming respectively and gauge how much we learned by the conclusion of these key strategic meetings of global political leaders and central bank chiefs jackson hole the federal reserve bank of kansas city hosts dozens of central bankers policymakers academics economists from all around the world and this year. The theme was challenges for monetary policy. The g seven meeting of leading advanced economies. Meanwhile was hosted by president emmanuel macron of franz in barrett's over the same we can let's start our review with brian rose senior economist america's u._b._s. wealth management c._i._o. And good friend of this program brian knows a thing or two about about the goings on at jackson hole what's on the to-do list at the outset of this meeting bread so you can think of this as a elaborate offsite for central bankers was economists academics and other important people to get together talk about the situation in the economy and also the policy decisions engines going forward and the thing that they discuss changes from year to year. Whatever is the most important topic is what they'll discuss. You know right now. There's a lot of uncertainty not over what the fed's going to do and this was really the center of the discussion that the outlook for fed policy and bromont was up for discussion. The role of the dollar interest rates perhaps and of course one imagines uncertainty around trade with those but three of the things that everyone was pretty focused on so really from the fed's point of view. They're trying to figure out how to deal with. What's really an unprecedented situation so i from a bit of a longer term perspective the world. It just seems to work differently than it has in the past interest rates are much lower than they have been historically and the title of the symposium was the challenges for monetary policy and one of the challenges is operating a central bank when the ordinary a neutral level of interest rates is just a a lot lower than it has been in the past. There's still trying to understand all the factors that go into making rates low than they have been in the past and you know basically. What does the central bank do when you know the world has changed in this way some talk around the symposium of this being a turning point brian is is it an over-simplification to say that the tools that works before the financial crisis. Oh no longer effective or even at the disposal of this current generation of policymakers certainly that financial crisis was a turning point very clear before and after period but a lot of what's driving this is demographic perfect change so in the advanced economies populations are aging very rapidly and this is. I think the most important factors to why interest traits are lower than they have been the past you have a lot of people who are trying to save for retirement and at the same time you have less young workers who historically historically have been <hes> the major borrow and that's true not only in the advanced economies but we call emerging markets. A lot of those countries also very rapid population ageing and you're more people trying to save less people trying to borrow that means a lower interest rates. What about the question. Brian rose of the interconnectedness. If you like of the global economy is that another long term but no less pivotal factor to all of this to certainly there are very strong connections between i mean the different economies and this is where the trade disputes are having an impact globally so there you have a dispute mainly between the u._s. and china. I know this is the you know. The biggest impact is the terrorists that are gone back and forth with u._s. and china but this is not affecting just the u._s. And china this is affecting the global economy and the more you're impacted by slowdown in chinese demand the worst things are few and it's you know the u._s. Is actually not so dependent on exporting stuff to china in fact that's part of the problem but you see a big impact in europe especially germany. Any countries like australia japan a lot of the other asian economies that are you know a lot of their economic activity revolved around sending things back and forth between themselves and china all that is slowing down because of the trade dispute between the u._s. and china brian rise it was telling wasn't it the jay powell amongst others saying you know it's not the job of a central bank. It's run trade policy and with that backdrop but the sense that you know globally the trade outlook is rather gloomy and it's look set fair to get gloomiest still what does central bankers have left in their asked him. I mean we we used to talk about what monetary stimulus they could deploy. That doesn't seem like that would be effective. What else is there other than making a politically volatile uncertain backdrop less less so <hes> but again they probably don't have much power to do that so for the fed they still have room to cut rate so a lot of the rest of the world rates are already so low that it's difficult to cut them more than just a little bit so we expect you know swiss national bank european central bank bank of japan all to cut rates but you you know with your rates are already negative. It's hard to cut by a lot whereas the fed still has a another two percent that they can cut rate the problem though is and and this is something that powell mentioned in his speech is that we don't have a playbook for a trade war. The central banks don't have <hes> historic precedent that they can use to try to understand understand how this will affect the economy but i think the general sense is that if you're having a trade war cutting rates is not going to help very much and we already seeing the u._s. businesses holding back on their investment because of the uncertainty over trade and if you cut interest rates a little bit this is not going to convince them to start investing again when they're worried about the trade disputes just escalating further and further we're going to talk to your colleague dean turner about the g. seven seven in just a moment and i guess it's interesting if we look at that that a lot of the talk was about this sort of specter of trump and the g seven in the u._s. Next time out in this kind of thing is the specter <unk> of trump. Is he the elephant in all of these different rooms in a way at the moment. Certainly you know president trump has behaved very differently from his predecessors predecessors and the again the trade dispute is maybe the the most obvious example this. It's not that no one has talked about doing these things in fact. If you go back even fifteen years ago it was mostly the democrats urging very stiff tariffs on chinese goods because of the same same problems that president trump mentioning you know theft of intellectual property and various other trade <hes> trade issues and president trump it was shown that he's willing to act unilaterally in a way that even though with damages the u._s. economy and maybe even damaging his reelection prospects spects. He's willing to do things that other presidents haven't been willing to do and for that matter other politicians overseas and no one has been willing to who <hes> risk the damage that a trade war creates up until now brian roy's final takeaway perhaps you can tell us about the lack of a consensus approach approach from the f._o._m._c. members. What does that say about the fed going forward from here. This is one of the most interesting things to come out of jackson hole is that you had various if some members of the f._o._m._c. giving completely different opinions on what the future duke going forward so you had some of the hawkish members saying the fed doesn't the need to cut interest rates at economy strong and then you had for example saint louis fed president bullard. He's basically saying well. Maybe this time is different and and maybe even though we have an inverted yield curve. We won't have a recession but why take that risk so let's just cut interest rates and see what happens if the economy does it's fine. Maybe the trade disputes will be resolved. We can always raise rates back to where they were and nothing lost but by leaving rates too high you're risking triggering triggering a recession that you know you don't need to to suffer through and then you have all sorts of people including fed chair powell in the middle and i think very clear at the moment that you difficult for the fed to speak with one voice because there's such a wide range of opinions brian rose vincent michael vinnie is u._k. Correspondent for euronews he he spoke to us on monday after the g seven wrapped in barrett's. We also vincent about the fact that certain u._s. Officials for example was saying at the meeting that the host emmanuel macron was effectively trying to fracture the g. seven by promoting so-called niche issues on the agenda. How does the g. seven bearup are. There fissures is between the u._s. And the other six. I mean it's hard to find common ground really between donald trump and these leaders and you can see that donald trump in his base wants is the breaking of these international looms. They don't like situations where america is going into the top posse as it is in pretty much all bilaterals where it's kind of one of the few voices and so there are questions about the g. seven going forward because they're breaking tradition than not going to put out a cable after the disaster austrian candidate last year where trump fell sinus and then got on a plane and blasted the other leaders the president will be the host of the g seven next year because ahead of wouldn't be surprised if he tries to force it being on one of his own properties and so donald trump likes to just go on and if you look at his twitter feed this weekend he's playing the same old hits he's wishing happy birthday to sean connery and vince mcmahon the head of the w. w. e. He's hitting a hillary clinton in multiple tweets. He's talking about things it's hard to get him actually focus on these global issues although that does seem from what president macaroni saying that there could be some action the amazon that looking at the agreeing a plan for technical and financial help and we'll see whether or not president trump goes along with that one the yeah it is on to get president trump to get on board with these kinds of events at g seven g twenty s. He looks very uncomfortable because frankly he's not the center of attention. I wonder vincent mcilvanney that if wrapping up the g eighty seven meeting without the whole edifice collapsing ruins is the best we can hope for then well almost on one. What's the point. I think many of the leaders in the strategy gee that many diplomats they'd been thinking is that basically now they all buffering until they can possibly next year get a new president in that trying to kind of hunker down and just ride out these events without sort of losing too much ground to donald trump but i think that they know that their own populations might save if president trump goes in november their own populations are going to be looking at the leaders.
Trade War, Trump Tweets Add To Confusing Signs For The Economy
"This message comes from n._p._r. Sponsor xfinity some things are slow like a snail races. Other things are fast like xfinity x. by get get fast speeds even when everyone is online working to make wifi simple easy awesome more at xfinity dot com restrictions apply. There has been a lot of economic news over the past few days late last week. Central bankers got together for their annual meeting in jackson hole leaders of the wealthy g. Seven countries are meeting in france as we speak china and the u._s. Threatened to raise tariffs on each other through the weekend and president trump has confounded markets with his tweeting about trade and china david wessel of the hutchins center at the brookings institution is with us to talk about what this means for american workers and consumers good morning david good morning so david things are changing uh sometimes by the hour over the past few days president trump said this morning from the g. seven summit that china wants to make a deal john trade right so i think what we've seen over the last couple of days. Is this kind of on again off again. We're going to go to a trade war with china. We're trying to have a truce and today today. The chinese are making noises about wanting to resume talk so that's one thing is going on second things going on. The federal reserve is saying that it's trying. It's having a hard time. Protecting the economy from the damage of thinks the president's trade war is going to do but it's going to try by continuing to cut interest rates and then there's this slowdown on the world economy in europe as well as china and that's clearly of concern to the leaders of the g seven but there's been no consensus at their summit of how best to respond to that <hes> and there's little apparent will among the seven to work together to get the economy moving faster so it is very chaotic and yet and we've talked to you about this a lot by many indications the u._s. economy is still doing really well. So what is all of this net messy nece mean for the typical american family. Well you're right. The economy enemy is doing reasonably well so far despite some weakness in manufacturing some weakness in exports in some communities that are still been left behind. We're we're adding jobs but growth is slowing inflation seems to be under control. Gas prices are actually coming down but the price of some experts are going up. Interest rates are coming down and that's good for home buyers than people refinancing mortgages and for the u._s. Government that's good if you're trying to save money and a certificate of deposit money money market fund so we could keep going like this. I think we can all relax. The big worry is that this is basically as good as going to get and that's the signal we're getting from financial financial markets that there is trouble ahead yeah. The financial markets seemed to shudder every time president trump tweets or makes off handed comments after all all of this time with him in the office of president. Why are they still doing that. You know that's a great question. I think that the president has less impact when he attacks an individual individual company these days people have disregarded that but he's still the president of the united states. I you know it's often said that markson business abhor uncertainty but we're well well beyond uncertainty now. It's more like chaos and so i think people are having a hard time figuring out which way we're going. We're going to pull back from china or are we going to cut a deal. You know it's it's really interesting to me is usually a president going into an election year does everything he can to boost the economy but the president and he seems to recognize is the economies of political risk but so far he hasn't figured out what to do about it except beat up on the fed. Let me ask you know a lot of people have been talking about a recession on the horizon and it is almost it is impossible to predict recessions. I'm not gonna ask you to take a guess but let me ask you this. If we do have a recession david governments around the world and central banks around the world ready to respond no. I don't think they are. I think that <hes> interest rates already low. It's hard for central banks to cut them and government have a lot of debt so it's gonna find it hard to cut taxes and increased spending so i think that's one of the big things that we have to worry about now. A lot of economists say the best way to prevent a recession for the president to let up on this tariff war four david wessel of the hutchins center at the brookings institution. Thanks david you're welcome.
Fed's Powell vs. Trump
"Have a lot of questions about the economy again today today. The dow dropped six hundred twenty three points following some angry tweets from the president and tom. Let's start with those tweets. What exactly did the president say say earlier. In the day. The president tweeted his displeasure with <hes> jay powell the fed chairman and he also tweeted his displeasure sure with china and china's president xi jinping <hes> one tweet notably ended quote my only question who is our bigger enemy a._j. Powell or chairman she and scott you talked about this earlier this week actually but i feel like we just need to take a moment and note how al remarkable it is for the president to undermine to go after the fed chair in any way but let alone in a way like this that try and jay powell is kind of got his hands tied behind behind his back. He has tried very hard not to get into a slug fest with president trump. <hes> the chairman of the fed was out in jackson hole wyoming speaking at a big conference about monetary policy. Everybody was sort of on pins and needles. Well not everybody but the fed watchers. Were all on pins newer. It's fine waiting waiting to see what's jay. Powell going to say apparently sleep. Donald trump was watching to didn't much like what he heard and so he goes on twitter and likens him to the president of an adversarial certain country and scott what jay powell said in a very fed chairman gentle kind of way was essentially. There's only so much the fed can can do when there's all this uncertainty related to trade policy and that comes from the white house
U.S. Central Bankers Meet In Wyoming For Annual Conference
"This message comes from n._p._r. Sponsor xfinity some things are slow like a snail races. Other things are fast like xfinity x. by get get fast speeds. Even when everyone is online working to make wifi simple easy awesome more at xfinity dot com restrictions apply today investors and global financial markets are keeping an eye or possibly all there is on jackson hole wyoming u._s. Central bankers are meeting there for an annual. The conference federal reserve chairman jerome powell will talk today. A lot of people are eagerly looking forward to that president. Trump has been after powell to lower interest rates to stoke like the u._s. Economy on the line with me. Now is neil crush cari. He's president of the federal reserve bank of minneapolis and he is in jackson hole for the conference. Thanks for joining us. Thanks for it happened this morning. So you agree with president. Trump at the federal reserve should cut interest rates why well first of all interest rates matter to the economy because this is the tool we used to either boost the economy or slow it down and it affects everybody you know if we allow the economy to grow strong as it can that should lead to higher your wages for all americans and that should hopefully if we have lower interest rates. It'll be cheaper for families people to buy a house or buy a car as an example. I i've been arguing that the u._s. Economy is not at risk of overheating that we can continue to allow the economy to grow stronger and so that's why i've been arguing. We need to have lower interest rates over the last two years at the same time some of the risks that actually increased you'd see a lot of businesses in america that are nervous today about tariffs and trade and into global economy and they're pulling back on their investments and businesses don't invest in the future. We'll have shorter economic growth now and we'll have sort of economic growth in in the future so for a variety of reasons. I think that my colleagues and i should probably take it easier on interest rates left economy grow more quickly and if we need to we can it always raise it two straight to tap the breaks later. Many of your colleagues disagree with you. The president of the kansas city fed boston's fed president. They say you know. Unemployment is at record lows. The economy is not not doing badly. Why not wait for more evidence of a real slowdown before we take the step of cutting rates or one of the things i feel like we've learned in the last ten years and around the world in that. It's better to act early than to be late. Let me back in the financial crisis in two thousand eight. I think we were always late in responding and i think now if if the global economy is slowing and we wait until we're sure we're headed into a recession. It's gonna be much harder to avoid that recession. Once it's in front of us and so to me it's it's safer and more prudent to take a little action now and if we need to raise rates in the future we always can but this is the nature of the debate that we're going to be having over the next month. Let let me ask you what you think. All of this has been like for chairman powell because the president has been openly shouting at him on twitter to cut interest rates <hes> about interest rates and some other things things. Do you have any insight into whether this is a difficult time for him. Well i have great admiration for chairman pol. I think he's an outstanding federal reserve chairman and eight plus public servant turban and i completely support him in his role. I one of the things i really credit him is that all of the noise the political noise out there has pushed him and pushed all of us to double down on focusing on data boca's on analysis and just do our best to make our best judgments based on what we think is right for the u._s. Economy and and not react political pressure. I think he's leading us in that direction. I think he's doing a terrific job and we're all committed to focusing on analysis not politics and he'd ask you to speculate confusing. Chairman powell has more backbone than maybe president trump expected well. I can't <hes> speculated on the president's expectations but i will say this. <hes> chairman powell's eight-plus plus public servant and absolutely knows what his job is and is doing a terrific job leading us in that direction. Why is it so important that the federal reserve is independent that it doesn't just do you with the president says one of the things we've learned in america and all around the world is that when the central bank plays politics it leads to really bad outcomes over the long run for the economy aww virtually every politician wants a strong economy when they're headed into a re election year it'd be very easy for them to say what rates and boost the economy to help my re-election election chances but if we do that at the wrong time it actually can be bad for the american people can can lead to the economy overheating and then we can have high inflation and that can be very damaging for families and for workers all across the economy so we have to avoid that the best way to avoid that just to set the politics aside make our best decisions based on data and analysis. Let me ask you about something. You mentioned a bit earlier. There are some signs of slowing global economic activity shrinking economy in germany is a big one slowing business investment in the u._s. How worried are you. That recession is on the horizon for this country well. It's very hard to predict recession but the single best predictor we have over the past fifty years is this nuanced thing called the yield curve where treasury government bonds longer-term bonds have a lower interest rate than short term bonds. You know if you if any of your listeners by a treasury bond your lending money to the u._s. government and if you're going to tie up your money for ten years typically you want higher interest rate than if you tied up one year well. This has happened now where long rates are lower than short rates. That's been a very predictive recessions historically and it signals that investors are nervous about the future that has now happened until i take that signal seriously and it's a reflection of worries about downside risk in the u._s. Economy neil curry is president of the federal reserve bank inc of minneapolis. We reached him in jackson hole wyoming. Enjoy the conference. Thank you very much.
"jackson hole" Discussed on Newsradio 700 WLW
"L. W. Patrice ago or yesterday was gonna rocky day in the markets when it wasn't the kind of sputtered sputtered as some federal reserve officials cast doubt on further interest rate cuts but all that came ahead of comments today by fed chair J. Powell out in you know and Wyoming there in Jackson Hole so starts kind of mark time down just feels added forty nine points two tenths of a percent but the nasdaq slipped for tens the S. and P. dipped one ten what of good news in the world of robo calls will say eighteen anti Verizon communications and ten other large phone companies have struck an agreement with fifty one attorneys general to block robo calls before they reach us now the deal will also assist law enforcement and investigations and prosecutions strip under the deal the companies will launch call blocking technology at no cost to consumers and make other free anti robo call devices and apps available to subscribers course companies are under pressure to do this because the unwanted calls are just can be a pain in the neck according to you mail a developer of software that blocks the calls there were forty eight billion robo calls in the US last year up from thirty one billion the year before and I think half of them came to my house this is as the do a cell phone for this isn't landline this is this is everything there okay I just calls elsewhere down south gas is dirt cheap it's getting there yeah pending hurricane it could be a lot cheaper to take a road trip across the south this fall gasbuddy says about one hundred of the nation's one hundred fifty thousand gas stations have regular unleaded get this be low two Bucks a gallon this week and that could plunge as many as twenty five thousand stations in coming months even triple a says the south and southeast of the greatest potential for two Bucks a gallon inotes refineries are running hard and they're getting ready to ship to the cheaper blend of winter gas to as the end of summer means a drop in demand I would go to Florida Phillips is now your go go all right futures they're a little bit higher ahead of Mr Powell's comments later S. and P. of ten points nasdaq up thirty eight from the Bloomberg news remind Petry Sikora on newsradio seven hundred W. well our job we got a couple problems from the you see how traffic.
"jackson hole" Discussed on KCBS All News
"In Jackson Hole Wyoming this morning they'll be looking for clues to the size of the next interest rate because Morgan Stanley analyst says if Powell uses the word somewhat when he talks about rate adjustments we can expect a quarter percentage point reduction next month but if he talks about a downside risk without the word somewhat that could signal a half percentage point cut is on the way Steve blitz of T. S. Lombard says a bigger clue will come from the labor department in early September if we get a week say some one hundred thousand kind of number unemployment in August I think you can get a fifty basis point cut Mante conoce think a commerce department report this morning we'll show sales of new homes tech Qatar last month foot locker Hibbett sports and buckled release quarterly results this morning gap posted weaker than expected results after the bell Jeff Ballenger Bloomberg radio the lore associated with penny stocks as well as the risk I more camera with a Bankrate dot com personal finance minute investing in any single stock can be risky but for those who have a higher appetite for risk and ultimately deeper pockets where they can afford to lose their investment penny stocks have a certain attraction these are stocks that typically trade for less than five dollars a share penny stocks are tied to relatively new companies and may not have established themselves as successful businesses penny stocks don't trade as actively as their higher priced counterparts and they typically don't trade on the major exchanges penny stocks are legal but they can get involved in a variety of financial scams summer prime material for so called pump and dump schemes that's where a group of investors will artificially inflate the price lower and others and then sell at a profit and walk away no the wrist before making any investment for more check out Bankrate dot com I'm Marc Emmerich summer's almost over but it all maybe the styles are as hot as ever get old baby.
"jackson hole" Discussed on Newsradio 950 WWJ
"In Jackson Hole Wyoming this morning they'll be looking for clues to the size of the next interest rate cut Morgan Stanley analyst says if Powell uses the word somewhat when he talks about rate adjustments we can expect a quarter percentage point reduction next month but if he talks about a downside risk without the word somewhat that could signal a half percentage point cut is on the way Steve blitz of T. S. Lombard says a bigger clue will come from the labor department in early September if we get a week say some one hundred thousand kind of number unemployment in August I think you get a fifty basis point cut the end of the month conoce think a commerce department report this morning we'll show sales of new homes tech higher last month foot locker Hibbett sports and buckled release quarterly results this morning gap posted weaker than expected results after the bell I'm Jeff Ballenger with the Bloomberg business report on W. W. J. use radio nine fifty Hey is also running nope that's not a faucet that's a river rushing through the forest it is yeah forest river's provide over one hundred million people with clean water to drink the water comes straight from the forest to us in fact I can't because like you that's not a vacuum that's the trees in the forest cleaning up the air we breathe how do trees clean near the soak up the dirty air on their leaves branches and trucks which means clean air for us who who I don't know it yet but the force does more than give us clean air and water it gives a shade for hot days birds listen to entries to climb well that's awesome I don't know how cool the force could be Hey this goes for some more visit.
"jackson hole" Discussed on Bloomberg Radio New York
"Reporters in London amor harder and with his Bloomberg radio business flash equities in Asia are mostly rising across some of the major indices Tennessee aside up six tenths of a percent depends Nikki up three tenths of a percent this morning of course it comes as this is the morning of the day we've all been waiting for anticipation building to the Jackson Hole meeting in Wyoming will J. pal offer guidance about US interest rate reductions I'm in New Zealand we are seeing a stronger dollar today up three tenths of a percent Bloomberg spoke to aging or the governor of New see at central bank governor revealing he's flagging a wait and see approach on rates in an interview he also said the central bank already taken pre eminent double cut to are also seeing a stronger U. S. dollar in bonds washing yields climbed in Asia as we did see the U. S. ten year treasury yield take up high yesterday trading at one spot six three nine and commodities are seen I am or a three percent this morning nearly eighty six dollars a tonne after dropping below eighty yesterday and a bit of a flip flop gold is lower today heading into that Kate Jackson Hole meeting trading under fifteen hundred dollars an ounce what we've seen Brent crude take higher that's a Bloomberg business flash now here is meeting Gerrans with more what's going on around the world man good morning good morning I'm every president Michael and has called on the G. seven to discuss what he describes as an emergency in the Amazon Brazil's policy towards the rain forest has been under scrutiny in the last few days data from the country says an eighty four percent year on year increase in forest fires but Brazil's president says sensationalism won't solve the problem and criticize micron full politicizing this issue Google has disabled more than two hundred years cheap channels involved in what it calls it tends to coordinate an influence operations tell me to the protests in Hong Kong you too doesn't say which channels have been shot but says they quote consistent with recent action related to China by face spoke on Twitter the companies say counseling to the Chinese government I've been trying to undermine the legitimacy of those protests and finally for the third time this summer parts of Europe will soon be.
Dow industrials finish higher, Nasdaq falls as investors focus on Fed
"Stocks ended mixed textures spelled banking stocks rose and investors were nervous ahead of fed chairman J. polls Friday speech in Jackson Hole Wyoming as other fed officials cast doubt on the prospects for further interest rate cuts the Dow Jones industrials gained fifty points or two tenths percent the nasdaq lost twenty points nearly four tenths percent the S. and P. five hundred closed one
Stocks edge lower as investors eye Fed's Jackson Hole meeting
"The US stock market had very little direction on this Thursday all over the place in choppy trading after the bond market once again inverted although it didn't cause the panic it did last time investors are also awaiting comments from fed chairman Jerome Powell tomorrow at a meeting in Jackson Hole Wyoming as they search for direction on what course the markets may be taking the Dow Jones industrial average up on the day forty nine points finishing at twenty six thousand to fifty two the nasdaq index fell by twenty eight points it closed at seventy nine ninety one and the S. and P. five hundred index very little change down one point closing at twenty nine
Federal Reserve chair Jerome Powell to give keynote speech
"All right after those minutes today showing the fed was prepared to act if the economy weakens the next week had like from the fed could come Friday that's when fed chair G. Powell delivers the keynote speech at a big fed symposium there and Bloomberg's international economics and policy correspondent Michael McKee is there already and he joins us now live so Mike how dovish was the fed news really I mean we had hints of big ready on Q. we and also the whole thing about being willing to overshoot the two percent inflation mandate well some people actually interpreted the minute the guessing that that might have been a little bit more hawkish than Wall Street had originally this decision because it does show there was a quite a bit of discussion about whether they should be cutting rates at all and some people didn't want to do that it could be people who hadn't voted so their opinions worked recorded by name the conditions though that that that used to justify it decision to cut rates in July are still in place we saw from the minute that they were talking about the trade war uncertainty about slowing growth overseas and about the the impact of the trade war with China all that is still happening so if they wanted to cut rates again in September presumably this is a road map for how they might do but it absolutely but I will give the market reaction Mike you seem to rather strange in fact it because it was almost as though they were looking for a reason today to find a book to find a reason to hold on to stocks and Babs Babs said by more you know there is the market reaction has been sort of unusual or disconnected from the data for some time now and it does seem that we get some immediate over reaction what direction or the other based on news these days and then we settle back into a pattern of markets hoping that we're going to see central bank actions not just from the U. S. that but from others and there then they rise again and that is probably what we're going to see in this case the initial headline attention with that you go on from there and the data company all right people get optimistic to get what other options do you think are all on the table does it seem like they're keeping you know mark Russell bond buying as potential next step it depends on which the debate you're talking about this is going to stick with cutting rates they basically said that that's their main policy instrument they don't want to go back Q. re unless they absolutely have to we're not anywhere close to recession right now so they don't have to look at the European central bank and there you have negative interest rates now that's hurting their financial system they could cut rates more probably will a little bit with their real tool is going to be quantitative easing more bond by and how they do that they have to figure out of the people who really can cut rates are the Chinese that they need to they have a lot of scope for movement so it's really kind of a question of where you are used to this point at Mike it come be easy for J. proud of being on the pressure all the time on a daily basis almost from your boss well technically he saw his boss so in that sense I suppose read a little bit easier but no it isn't fun to be a whipping boy for the president of the United States policy is very calm reason person and I think he knows that this is not personal and not really directed at him more of a straw man for the president to excuse the weakness in the economy how does he also has the support of all of the members of the open market committee everybody we speak to here is very strong it saying that they support a German style and they've got his back and like really quick about twenty seconds what do you think is the possibilities for the PPO see I mean they're going through this huge revamp of its benchmark interest rate but haven't seen a lot of stimulus aside from that well they wanted to try to do it through additional fiscal spending it doesn't appear to be working as well as they had hoped so it does bring the rate cut the plate because they're working with this great if they do reserve ratio cuts first before they move on to the main right and coming up here on bluebird daybreak Asia thank you so much Michael McKee for bringing best that from Jackson Hole will be covering more on trade in South Korea this is Bloomberg
Gamescom 2019: All the latest news
"New titles are expected to be announced by microsoft sony activision blizzard at the games google stadia nintendo at games come in germany next tweet turtle beach is also unveiling new gaming products at the event looking at the industry down the road the console cycle. We're talking about p._s. Four xbox one we use switch is expected to move into its ninth generation in twenty twenty with major upgrades that should boost hardware sales significantly until then video game software sales are forecast to be choppy while sales rose in july after two consecutive months of double digit drops analysts aren't convinced the uptrend will continue
U.S. Futures Rise to End Volatile Week; Bonds Dip
"European stocks rising along with US futures this morning mostly Asian shares they posted modest gains of tell mulches week of trade on certainly appears over global growth drawing to a close for this of Friday at treasures Perrin most of Thursday's gains what does it all mean let's wrap up the week with Michael Hughes and he's the chief market analyst at CMC markets joining us from London this morning my god thanks for your perspective of this morning did the smart money the bond market get it right or wrong this week with the version I think that's really the big question facing investors right now is the inversion a harbinger of an approaching recession or is it simply because interest rates are so low and you'll curves aside flat or negative the investors are not only looking for yield anyway I can find it and obviously you is he able to much higher than yields here in Europe or there is an element of deflation risk and I think really nice and the jury is still out on that if you look up blogs comments yesterday is quite clear to me the the US federal reserve is going to push back on a fifty basis point right calf in September we might get some more color on that Jackson Hole next week or even from the fed minutes next week but I think between now and then it's going to be a pretty bumpy ride given the geo political backdrop between the US and China and obviously Hong Kong as well okay with the data yesterday also with the employment picture here in the United States the question to you that is a hobby out of recession with data like that we've done I don't think that for me is the the big thing I think what we've best is looking for is more yield ply then IT of a risk of recession ply because you know you look at US thirty yep okay speck above two percent you call the US ten year one point five six percent you compare that to what you get out of here you know there's a there's an almost there is another two percent difference in terms of your pain you if you look at the German bund yield is a minus no point seven lotus quite a difference in Cary so US unfortunately four eight he's suffering from the fact that he's healed to so much higher now you can blame the fate you can blame the economy you can even blame president trump in the fiscal stimulus from every year ago the full the full size the fate essentially I think two of the shoot in terms of its right because I think the fight with a reverse the December one in July was probably the wise thing to do but if you look at the data there's nothing in that thanks for that would suggest that the US consumer is anything other than fairly resilient now that might change with the consumer confidence numbers of the coming out for August because the timing of those numbers all the rebound in July was then followed by president trump announcing those tariffs all the remaining Chinese goods in August now how that affected US consumer sentiment for this month could be a key indicator of how retail sales perform when they released next month but I'm not seeing any evidence that the US economy is insignificant trouble and count out the U. S. consumer at your own risk as opposed to the history is any indication well you have cigna so you can go by alma I'm a great believer in looking back a war history tells me with respect to well I called him Mr but by the same token I also reminded to think of all mark Twain's repeat to say history doesn't repeat itself but sometimes it often rhymes so in other words don't take anything for granted look at the price section and trade what you say also we will if you're talking about the differentials in in yields you know you also look at the the yield from S. and P. five hundred that the year that's also above some of the treasury's at this point it it it it kind of begs the question I suppose or does it what's the alternative to the United States well there isn't one but you also have to take into account the overseas earnings of these S. and P. five hundred companies and while the US consumers ultimately very resilient the S. the S. and P. five hundred does get an awful lot of IT seasonings if you go outside and in China and Europe at some point the US will catch hold of Mike thanks a lot Michael Hewson chief market analyst at CMC
South Korea's Moon faces tough challenge in 3rd summit with Kim Jong Un
"Korea's liberal. President faces growing skepticism at home about his engagement policy heading into his third summit with North Korean leader, Kim Jong UN a survey show nearly half of South Koreans think next week summit will not find a breakthrough to resolve a troubled nuclear diplomacy. It comes as president moon. Jae in's approval rating is declining amid economic frustrations nam sung woke up professor at Korea. University says moon cannot maintain public support with his North Korean policy alone. I'm
"jackson hole" Discussed on Bloomberg Radio New York
"Jackson Hole from fed perspective we had our first, non, record day in US equity markets in five days, what's on, your mind right now Well I think like you said to post Jackson Hole you know the fed. Is guess, on cruise control at least for September I think, the big thing is and probably. Say unfortunately in the sense that the geopolitical side is really what? Driving things there isn't you know we're in the middle of middle. And, the summer, so not a lot of data so you, end up going to even. More to the political thing we started the. Week with a good one right with Mexico deal now of course the worry is adding on more Chinese tariffs so we got down move so I, think that's really what's run. Anything China was probably what was dragging things down today in the US I think between that and probably needing a little breather to Ben doing so well but I think that's. Fair. You a lot of good news and a lot of people thinking and probably rightly so at least that the, Mexico deal was at least President Trump was willing to do deal right so. It made you feel maybe a little bit more optimistic I think is probably. Still reason to be optimistic but China is, its own, situation so as someone who's got to, keep an eye on the investment in marketing environment, make decisions for individuals. And portfolios and so forth how do you say, that, stuff doesn't matter and this really does what are the metrics that to you. Are important, to telling you about what it's going to mean, for companies but it's going to. Mean for profits what it's going to be for stocks or other? Investment classes no I think that is the hardest thing right is. We, have so, much data what does really matter so I, try and spend a lot. Of time looking at does it really change. The fundamentals hang on a second because I think something that people will be talking about our own John Michael Bloomberg news editor in chief met with, the president and we just. Have some headlines crossing the president telling John that he's thinking about Lincoln capital gains taxes to inflation President Trump also threatening to withdraw from the World Trade Organization if it doesn't. Shape. Up we've seen the president pushback against trade organizations again a conversation with John Mickel three a Bloomberg news also, addressing Questions about Jeff Sessions telling John Michael, Thwaite the president saying that sessions is safe in. His job until at least the November elections? And then you also. Have the president saying he doesn't regret appointing Jay Powell as fed chairman of course an appointment by the president, but again you've seen the president he certainly did as a candidate Jason pushing back and saying you? Know, maybe we don't need a lotta rain increases and and I think there were, questions about how much. The president might interfere in the fed and whether or not, as Jay Powell has said he, is looking to increase races and we've seen rate increases by this fad whether or not he. Still has the support the president we're going to have, much more of that interview.
"jackson hole" Discussed on Marketplace All-in-One
"In Los Angeles. I'm KAI Ryssdal in his Friday today. The twenty. Fourth of August. Good has always to have long everybody. There was a point long about Tuesday afternoon or Wednesday morning politics in this country being what it is right now that it kind of felt like this week would never end. Am I right? Not for the first time though I will say this, keep your eye on the economic news gang. That is what's really gonna last an economic news. There was this week on a Swanson's at the New York Times that he Brady is at politico. They are here to help us. I don't know what digest, hey, everybody Hake. I hate so city. Let me start with you and the news of this morning anyway, the speech from fed chair, Jay Powell out at Jackson Hole Wyoming, the the retreat that the fed has out there every year. He gave a speech in which he said, basically where everything's fine, and we're going to keep on raising rates. Anything else folks need to take away from that. It was a steady as she goes argument that he was making the, the chairman of the fed is taking it from all sides right now and taking it from the president of the United States who appointed him who saying how dare you raise interest rates on my watch, and he's taking it from people who are looking at the stock market being extremely over, extended unemployment, being low inflation climbing being like, are you really going to keep interest rates? And he saying, well, I'm gonna do what I'm gonna do as long as it doesn't get too dangerous. And so he is trying to make the argument that a steady cautious, careful approach is what we should be doing, which is not all that different from the tone of fed chairman from last few decades. It's just seems unusual in this moment that we're living in because everything is unusual which is full of unusualness also unusual on a Swanson, the news of NAFTA this weekend, and I'm, I'm really glad we have you on because I want to ask you something..
"jackson hole" Discussed on KSFO-AM
"This twenty four th. Day of August world shares were mixed Friday after a listless session on Wall Street that's where a slide in banks and industrial offset sulphur attack a lack of progress in trade talks between the US and China weighing on sentiment futures pointing to. Opening gains on Wall Street benchmark. Crude rising just under sixty eight fifty per barrel the dollar rose against the yen it weakened against, the euro speaking of trade talks US. And Chinese negotiators ended two days of. Meetings Thursday without breaking a deadlock over trade that's unnerved markets and disrupted global commerce the, dispute over China's high tech industrial policy escalated Thursday as the Trump. Administration in Beijing post taxes on an additional sixteen billion dollars, of each other's goods the. Administration last month at slap. Tariffs on, an initial thirty four billion in Chinese products Beijing. Responded in kind fed reserve chair Jerome Powell will not lack for urgent topics to address when. He gives the keynote speech today to an annual gathering of global central bankers in Jackson Hole Wyoming fed watchers we'll be listening for anything Powell has to say about financial turmoil in emerging markets the economic threats posed by the growing trade war. Launched by President Trump and Trump's. Criticism of the Fed's recent interest rate hikes Democrats continue their calls to delay the confirmation hearings of, supreme court nominee Brad Kavanagh the judge. Has been making the rounds on Capitol. Hill as he tries to change minds Democrats say they don't have enough paperwork on him, and now some are linking President Trump's former personal attorney Michael Coen's. Campaign finance violations they're linking that to a reason as to, delay the hearings I am. Considering.
"jackson hole" Discussed on Bloomberg Radio New York
"London your listening today rake Europe we. Are live on London DA did so radio happy Friday to, you on a happy Friday Marcus we're waiting, for Jackson Hole of course Ajay Powell's gonna make his first. Speech at the Wyoming symposium will we deal directly with. The politics lead to skirt round it would. He give us any guidance on rates what are the markets looking like as we wait for Jackson Hole railway sort of looking a little bit flat to slightly higher I. Suppose that's how we can summarize the first, minute of trading for the stock six. Hundred it is gaining. By almost eight tenths of one percent we're seeing the Footsie-100. Also marginally higher the higher by zero point one four percent, so. Waiting for, that opening figure. Out of Frankfurt and from the Dax just looking at a sector-by-sector. Breakdown we all seeing autism. Parts as well it's basic resources and banks trading to the downside while. Technology real estate in indus- Israel has our trading higher this morning so overall as I. Say a mixed picture where we look at the. Hand-over in the, United States last night we did see a. Little bit of, weakness but. The futures are pointing higher. As futures higher by, about a tenth of one percent in Asia, the. NFC I Asia Pacific index has also. Been gaining by about one tenth of one percent we did see cement negativities sort of turn into optimism perhaps when it comes? To the trade story some sounds coming out? Of Beijing pop sound painter slightly? Less pessimistic picture than we've had previously, heard of let's just put it that way just looking, at a little bit of a breakdown when it comes to those Asian stocks the hang sang. On the back foot still by about a third of. One percent the Nikkei two five index though in Tokyo closing higher by, about eight. Tenths of one percent we're watching the dollar retreating somewhat by zero point one five percent when I look. At the Bloomberg dollar spot index the. Dollar rose by the most in two months on Thursday the euro is bid on On, the back of some German GDP data higher by about a quarter of. A percentage point at one spot fifteen. Seventy we're, seeing the ten, year treasury yield ahead of Jackson Hole at two point eight to nine percents let's, have a look at some of the individual, stocks that we are watching it is a big picture day there isn't it Mark really it seems, as if the markets poised to have more of these central bankers that said there are some. Interesting stories that we, need to get to bring begs Joel Shankar joins us here in our London. Studio good morning teachers let's start what better place to start on a Friday morning the reinsurance in Germany. Munich Ray of course yeah morning. On morning Markus that line you're talking about looking for direction seems to also be the, story of Munich greed nothing nothing changing really are the open but talks with Guggenheim, Scott mine ends, management firm said to have ended today they started apparently in June there were. Discussions that Guggenheim would oversee thirty billion dollars worth of, assets for. The Germanischer we've not had a comment yet for, me the party but one person familiar said talks could be, revived at a later date That, might be why we're, seeing not, huge reaction, there. At the moment or it's not a huge reaction when it comes. To to that stock for shi'as sheds we're, actually, seeing. A little bit of a bump, this morning George yes good. News for to Keita who are taking over the. Biotech company which is listed, on the FDA has just approved a drug called tax zero which is meant to prevent. Attacks from red disease called h. e. trade seeing this, is positive for the takeover offsetting slow growth into Keita's shires similar treatments And yet the shares are up about two percent of the moment let's talk about another company that we. Don't talk about very often, a Swiss tech company that. Look set for a decent size move at the start, of trade even though I, don't have an opening price for it. Just yet yes yeah we're still waiting for you. Blocks it's a Swiss, electronics company it's not quite a household name unless perhaps you own. One of their GPS devices their first. Half results missed. By eight percent on the top line and they did. Give a warning that the earnings. Would be slightly less than they had previously said for twenty eight hundred it was down seven point nine percent in pre-market trading so as soon as we get a price for that we'll. Bring it to you but it could be a similar move, we? Still. Don't have that that price after Switzerland but as George says we will bring it to you when we get it get lost I obviously don't, have a GPS device thanks very much Bloomberg's George hanker for talking through, those stocks to watch let's get to. Our top stories then this Friday morning US China's negotiations have wrapped up we've, no major progress setting the stage for further escalation of the trade. War, Bloomberg's, Tom MacKenzie has the details Beijing. Described the discussions as quote. Constructive in candidate even as the two sides remain loggerheads China's industrial policy remains a key sticking point with Beijing rebuffing US demands it stop it support. For high tech industries the Trump administration could impose tariffs on an additional two hundred billion dollars of Chinese products as early. As September six China has, said it would retaliate with. Duties on sixty billion dollars of US goods in Beijing, I'm Tom MacKenzie for Bloomberg, daybreak Europe or let's turn to Wyoming. Next federal tap Powell is set to give his. Deb you address at, the annual Jackson Hole symposium later today investors will be watching to. See if Powell suggests any change to. The path of. US monetary policy or offers just too bland overview of. The conference topic Bloomberg's Mike Mckee. Has more this year's theme Team is changing market structure and the implications. For monetary policy how, does the concentration of market power in say an Amazon influence prices and wages. How does high-speed in black blackbox trading affect markets it's an important but long-term. Issue, for central bankers not one. That will generate headlines the leaders, of the world's, other major central banks are skipping the. Meeting but one interesting name on the guest list however. Marvin good friend. The Carnegie Mellon economists whose nomination to defend. Board has stalled in the Senate in Jackson Hole Michael Mckee Bloomberg daybreak Europe yes so. They could be focusing in on the implications of market concentration is might Mickey suggested a focus on companies such as Amazon. One is this doing to the to, the US economy essentially an. Amazon chief economy economists has been invited incidentally one of the things we'll on during our coverage of Jackson Hole. Now UK will start classifying debt issued by countries in the European Union zero risk if it leaves the block without a deal according to the treasury the. Change, would automatically require British banks and subsidiaries Holding parts of bell. Liquidity and government bonds to commit additional capital against, the securities and we'll bring you? Our interview with the UK's international trade secretary Liam? Fox later this, morning the context of course being. Here those documents that we got. Through yesterday what a no deal scenario between the UK and the EU, would actually look like technical papers the technical. Papers, lot of question, marks still I think a lot of businesses still searching for some answers as to what it, will look, like let's turn. To. Some other corporate news Elon Musk said to have hired Morgan Stanley for, advice on his go private plan Bloomberg is told the Bank is working directly with him not with tesla the board, or the special committee. Set to set up to, evaluate the idea Morgan Stanley suspended its coverage of the stock earlier. This week without any explanation the Bank is among Tesla's top twenty shareholders, with a. Stake of six tenths of one percent now. For the latest in, global news his name bag Sandra Kilhof family beginning Australia yes good morning Anna treasurer Scott Morrison, will be sworn, in as the country's prime minister later today saying he will consider appointments to. His cabinet over the weekend Morrison will be Australia's six prime minister in eleven. Years as did premium Malcolm Turnbull says Australians will be dumbstruck over the turmoil to imagine that. A government would be rocked by this, sort of this, Moyle ty-, and deliberate Insurgency is the best fighter describe it US authorities say hurricane lane in Hawaii, has been downgraded her category three storm. But officials are warning to remain cautious the hurricane is already pummeling parts of the state. With. Rain causing Fash flooding and landslides David I is the governor of Hawaii for one everyone, to continue to be prepared and respond. Stay in contact with friends and families if you feel, that you're not in a safe place then seek shelter in one of the many emergency shelters that have been opened Poland's judicial council has rushed to nominate. A dozen candidates to the supreme court the council wants to fill vacancies at hope court after the ruling no unjustice party passed a Bill to pulls out. Thirty judges by lowering the retirement age the supreme court has denounced the legislation and called on the government to halt the process pending a ruling by the us highest court as to whether it is lawful and the UK foreign secretary is hoping a British mother who's been temporarily released from prison in. Iran will be freed. Permanently Nazanin cigar Radcliffe has been granted Three days to see her family with Jeremy hunt, welcoming the move names innocent.
"jackson hole" Discussed on WSJ What's News
"This week's economic calendar brings the minutes from the Federal Reserve's last policy meeting and the Jackson Hole symposium in Wyoming. Joining us now from Washington is Wall Street Journal, reporter, Harriet, Tory Harriet. Let's begin with the fed minutes out on Wednesday at their last meeting. The fed left short-term interest rates unchanged and the central Bank is expected to lift them again in September. The question is whether we'll have just one or two rate hikes this year, what will you be looking for in the minutes? Well, yeah, I think that you know, the July fed meeting much really seem to go down. They held rates, steady. It was expected looking ahead to September expectations of a rate increase or extremely high. So Rudy there isn't that much that the feds of needs to signal on the moments unless it was thinking of sort of dramatic reverse in cool. So something like that, which I don't think anyone expects the so the minutes will be interesting because they, they should likely confirm that. A rate increase in September is likely it'll be interesting to see whether they see rates going, you know, for the rest of the year and also in two thousand nineteen. It'll be interesting to see if they had any debate about trade about trade tensions and things like that. These rules sort of questions on the horizon. And then of course the focus on the fed politically. So I think topics like that will be sort of pasta out if there was any discussion of, you know, trade or political aspects that would just be very interesting to to read about, and let's get to a big event this week. The Jackson Hole economic symposium which kicks off on Thursday and runs through Saturday fed chair. Jerome Powell will be giving a speech. What do you expect? We'll hear from him possibly on this year's topic. We'll this'll be interesting because it's pals fuss, Jackson Hole meeting as fed Chaz. So they'll be lots of attention on on what he has to say concerning the the path of rate increases. Like markets are expecting your rate increase in September. So there isn't much to deal have to say on that front. We don't really know exactly that much about the conference at the moment. We know that the theme of the of the conferences, the changing market structures. So this could incorporate things like Cooper consolidation or even the Amazon effects, how markets might be changing the economy and the way the economy works. For instance, wages, corporate consolidations impact on wages, and perhaps you know the the effect of online shopping on prices and inflation. So that should be a lot going on at Jackson Hole shifting gears to some of the reports out this week. We have some housing data existing home sales on Wednesday and new home sales on Thursday. We've been hearing a lot about tightening inventory and rising prices. What do you expect with these reports? Probably be more of the same. We'll probably see more evidence of the housing market. This constrained by lack of inventory. The the housing market has been sort of a drag on economic growth quite a few months now and with interest rates rising. That's a, that's another. A factor that sort of been dampened but been dumped on on the industry on new home sales, the proper looser decline in part due to consumer confidence on high barring costs Friday. We had the university of Michigan sentiments of a out on consumers reported pretty poor pricing conditions for buying houses feeding, really, pretty pessimistic about whether or not it's a good time to buy. And finally on Friday, we'll have the latest data on durable goods orders which could give us a sense of how the manufacturing sector is doing. Yep. We had industrial production data out earlier in the month, and that was a bit disappointing. It rose just zero point, one percent. So durable goods might not, but might be relatively soft reading. The I sent manufacturing surveys will so suggested that manufacturing activity has been expanding slightly more slowly. So another factor to look out for durable goods will be of coolest transportation orders the often very volatile. So if there's a bit of a reverse Lynnwood is at cross. Oh, something like that. I could sort of. Dr a softer food that's Wall Street Journal, reporter Harry at Tori, joining us from Washington with a preview of this week's economic calendar. Thanks so much, Harriet. Thank you. And that's what's news. I'm Anne Marie for totally in New York for the Wall Street Journal. Enjoy the what's news podcast. Then try the what's news newsletter. Sign up at w. s. j. dot com slash newsletters. That's w s j dot com. Slash newsletters..
"jackson hole" Discussed on X96
"Anyway I always believe in celebrating milestones with my. Kids and I, thought man when I turned forty My, ex husband is gonna throw me a big birthday. Party why would, you, think that because it's She didn't My ex wife just had her birthday recently and, she said it's my, birthday today? You know and, I, went yeah I do. Remember. That yes when she, went well and, I went Okay happy birthday, expecting a gift We, don't know but anyway but forty maybe someone. Will plan, something I know right so, anyway when, I turned forty? Three I thought you know what I'm not gonna turn, forty three until I turned. Forty so I threw my birthday everybody. Thought. I. Was actually, forty three yeah Then anyway I thought all. Right Is definitely going to be, doing something, really cool Okay I wasn't a divorce so that was not a Second divorce no So anyway I just turned. Sixty So I thought you know this year's. Going to be a big year so I took all my kids to Jackson Hole in July because I couldn't do it in because they just got married in Kimber. And it was a destination marriage so we celebrated my. Birthday in July Jackson. Hole Yellowstone, it was really fun Little cabin You really hurt the kids Me and my husband and my daughter's boyfriend and my son's girlfriend. And that was your birthday And that was. My sixtieth birthday congratulations congratulations thank you Terry yes I celebrate my birthday with. You wherever here happy birthday Thanks. I. As. As we, all. Know, I don't celebrate my birthday sue this year, through me Birthday party. Up at Steiner and lodge we weren't invited surprise party My. My friends are my friends I business associates a surprise party she. Didn't have been a huge surprise I didn't make The list I didn't, put it together but you As much as I don't like birthdays that. Was one. Of the best times of, my life So she took a lot of effort inviting people special party favors and people flew in yes.
"jackson hole" Discussed on The Ross Bolen Podcast
"Dad and hiding child that you had with the point store not writing your own lyrics have to respond you just do but if he responds in chip pops off again we will come back to it so don't don't be don't be sad we'll discuss it but frankly there are more important things in the world right now and one of them is what our first segment is about so i said ment mr west is in the building last night konya west dropped his latest album it's a seven track john re blurring masterclass in production titled simply year which is one of his nicknames for some reason it's lower case the guys is very strange as you know and this elba kinda encapsulates everything that is his personality at this point it's incredible so to kick this thing off he threw a listening party in jackson hole wyoming which is where much of the album was recorded in put together and the entire thing was live streamed on an app called wave wabc all caps and so ye tweeted out hey listen i'm going to stream the entire listening party on this app that you have to download and it was like fuck me this is all some plug to download some app you gotta be shitting you know turns out the the the app was incredible it worked realistically typically with something like this you think fuck me it's probably gonna crash how what are the odds of this thing actually works exactly the app crushed it huge victory for whoever owns this thing because this was flawless destroy.
"jackson hole" Discussed on Bloomberg Radio New York
"Data this morning let's said dig into our top stories and we're gonna start with the jackson hole it's a big week for central banks as i was saying earlier fed chair janet yellen she's going to be speaking at jackson hole in the feds symposium and later on this week as dust ecb press didn't maher joggie bloomberg's central banks editor paul gordon has the preview balazs time merrier draghi spoke of jackson hole in 2014 is academics included a clear signal that he was ready to stall to your area qe program three years on as a came to see if he will indicate he's ready to stall the siazon dcb behavior will be cautious honoring the agreement by policymakers to wait until at least the september seventh raising to discuss bond purchases but draghi is a monster giving speeches that make policy decisions logical investors rules are listen for any goals on the exchange right of the euro's games raised concerns of the laws policy meeting in july four gordon bloomberg daybreak europe are frankford we're gonna talk more about the markets now let's cross over to singapore where mock krahn failed from the markets live team join says mark it's great to have you on the show was always let's start then with a builds up to the world say get together of top central bankers in jackson hole is there any positioning taking place in these markets ahead of the fed symposium if good morning now we were looking at a few things this morning on markets live on a couple of areas we think that might be at risk is the the eurocurrency for one is have the best first eight months to the year since who was started archery to america draghi might have the currency in his sights he may say a little bit too strong too quickly also if you look at the the.
"jackson hole" Discussed on Bloomberg Radio New York
"The build up to the feds symposium at jackson hole in wyoming at the united states the event gathered notoriety is since former fed chair paul volcker liked flyfishing this year it will probably be sluggish inflation that will steal the spotlight though not so much the fishing in itself now hair london at the same time we're looking for more clues on a break sits as the government releases the number of position papers throughout the week to what extent will move sterling in the next few days or so it says 602 hair london 702 if you're listening in paris oh frankfurt let's bring up to date with the market said this monday morning it's a very quiet stall to the week for asian equities with the embassy i asiapacific index said declining for a second consecutive day falling by two tenths of one beset looking at some of the individual end this is that we are seeing the hongkong hang seng index rising by half a percentage point while the sx 200 in sydney is all the back foot off by seventenths of one percent we may be some caution ahead of jackson hole and the optimism for em that we saw on friday when donald trump's strategist steve bannon left the white house may be short lived to end the ethics space the blue bug dollar spoilt index that rising bomas a tenth of a percent the euro as under a little bit of pressure against the greenback trading one spot seventy forty nine against the us dollar investors keeping our geopolitics as well as us and south korean forces sought military drills with it increased tensions with south korea we are seeing the japanese yen little changed against dollar at this stage at one on onspot 24 the korean warned meanwhile on the one meanwhile on the front foot higher by two tenths of one percent oil holding on to the gains that we saw friday when wti rose by the most in more than three weeks all right that is a quick look at the.
"jackson hole" Discussed on Bloomberg Radio New York
"The same story here the second question of course is does the rise of the currency each hain jr and that outlook that he has provided and i very much doubt it because first of all integrate a scheme of things yesteryear ah has appreciated but i think we're very far from sort of banana territory that has really jeopardizing the economy and the economic recovery that we have and and thirdly you asking does that mean anything for the setup for jackson hole now frankly a lot of people have asked me the very same question and i think with dcb meeting about two weeks off the jackson hold i would be very surprised if he came out goal guns blazing in jackson hole in sort of sets a precedent when he has to meet the with the council on very important decisions to come as interesting positioning of the jackson hole meeting in relation to other ecb and tim's on the agenda i guess we are seeing some tightening of financial conditions than in the year raise any power because of the strength strengthen the pizza but do you view is therefore isn't that that's just not enough tomase that dial on the overall strong growth picture that we see in the horizon that's very much so if you look at the term financial conditions more realistically i think there's a whole range of things that we could look at and but yes certainty euro has appreciated in arguably and are not trying to argue this away this is on the balance for some companies probably makes makes things a bit more challenging however if you look at overruled yield levels are still very low really ill snowmobiles and that's not only for the new of europe's you look at west spread saw trading both in the credit market and in the sovereign spread market they're still very very tied and then also if you look at credit creation through the more traditional channels loan growth is pretty decent until it's not only the price of credit is also the ability of credits produce i remember the days of one thursday here adullah and that's when we started the sale where we would seem to continually hear voices from german industry talking about the strength of the.
"jackson hole" Discussed on Bloomberg Radio New York
"Of time on this program to bring in another voice at let's focus in on the central bank story because while the ecb may be on track to unwind it stimulus program next year economists now say is likely to drag out that process shows most think that policy makers will hold fire at that meeting this week and wait until september force slowing the pace of bond buying nick outside ceo of international fixed income at jp morgan asset management joins us net great to have you on the program this morning so let's talk a little bit about the european context if we bright booed and things out little bit what are you expecting from the ecb in a very short term very little i guess this week no that's right when you think of this week's meeting with very much the holding patten so there should be very few fireworks from this week's meeting and of course that temper is when we are likely to get a lot more information on cue we in tape pre owned may be jackson hole of course draghi speaking for the first time in several years so at jackson hole could be significant in august as well oh yes and he's made some these made news in wyoming in the past as is he's got he's got some form on that front at intensive this week though all we is the most we can expect some some addicted some dropping of the pledged to be quantitative easing if needed by the cb is that is that the the biggest move we might expect to see all you more interested in the had just have duffy she's comment tree is going to be in the context of recent moves in import market following the sintra conversation so i think any changes this week electric to be very decorative and it'll be in terms of the.