28 Burst results for "James Bullard"
"james bullard" Discussed on KNX 1070 NEWSRADIO
"Last until nine o'clock tomorrow night tips today are expected to be in the mid nineties heard that former staging just a moment ago so here's what we have right now it's eighty three degrees in downtown Los Angeles eighty two in Long Beach and right now in Burbank already up to ninety degrees eight thirty seven for national nurses day some nurses started the day in Glendale with a special show of The Exorcist Glendale didn't even have to get out of their vehicles just pulled up to the gas pumps got full service a full tank of gas no charge talk with one nurse who says the past two months have just been on believable actually with all the stress that's going on in the hospital at this time it's like crazy crazy stressful told KNX he's always known as jobs had some risk but nothing ever like this hello my god I got to come home to my family got a wife and two children and they look at me like sent down to you okay you know I always tell no I feel good I don't have a fever no cough no shortness of breath just unbelievable does this kind of pandemic is even happened I mean my god national nurses day has been a thing for several years but this year of course taking special meaning in Glendale Craig Fechner can extend seventy newsradio confirmation the swelling of the huge job loss in the economy because the crisis that is the latest ADP report shows that over twenty million private jobs were lost just in April alone a preview of what we make out when the official numbers come out from the labor department on Friday the head of the Federal Reserve Bank in Saint Louis James Bullard telling CNBC it's bad but certainly not unexpected this number is not a surprise something like forty seven million workers are in high contact industry so if you're going to shut down the economy on that aspect you've got a lot of workers at risk so you got twenty million here you've got others are staying out payrolls because of that PPP programme now it is the worst drop in the eighty P. survey history but still not as bad as the estimates were of twenty two million job losses for to give you some perspective on this in March the job losses were seven hundred fifty thousand one month later twenty million west Hollywood is canceled it's Halloween carnaval usually is about a half million people to come out to celebrate but now can't have those big groups anymore says city leaders were concerned about health and safety and just made the cancellation counsel John around says whether they have an organized event or not money will still have to be spent on additional law enforcement I think it's probably prudent to cancel the notion of a huge Halloween event like we've had every year with half a million people however you know I I think the spirit of Halloween is going to happen whether we approve it or disapprove it it doesn't matter people are gonna get dressed up and you gonna wanna go out on Halloween night they're already wearing masks a a formal vote by the council is still needed to finalize things at thirty nine a new study looks at the pandemic and the effect on the little animals crossing the road when you think about it fewer cars on the roads because many people are working from home or just staying at home due to the pandemic is likely the reason fewer reports of road kill removal of been called into three one one lately according to a U. S. C. study not exactly according to Frazier shelling he works with the road ecology center at UC Davis he says animals could still be hit at the same rate just by fewer cars were still on the road oh and remember the stories about the California fish and game commission creating a program so one could actually eat road kill well that does go into effect until twenty twenty two Randy cartoon can extend seventy newsradio coming up at nine forty five this morning that's we're gonna talk to our expert who this morning is dealing with consumer issues all we've all been having those right you can submit your questions through social media hashtag KNX corona questions or email them to Corunna questions at can extend seventy dot com coming up we're gonna look at the slowing on the north for a.
"james bullard" Discussed on KMOX News Radio 1120
"Is rather face the nation is James Bullard praised Congress for passing an appropriately sized stimulus bill with more than two trillion dollars he added that the economy was doing well before the country began dealing with a pandemic that second call the testing site in north St Louis open day is at fifty four seventy one Dr Martin Luther king drive you must call ahead for an appointment that number three one four three six seven fifty eight twenty the parks in St Louis county were closed for the same reason now British health officials who are having a tough time keeping some citizens home maybe looking to make the same decision here in the U. K. the number of daily deaths shot up dramatically in a single day and this could be why are people they're both on a heart problem these helicopters directing officers to British parks where thousands continue to congregate despite stay at home orders you're risking your own life and the lives of others and you're making it harder for us all Britain's health minister warning Britons parks may have to be closed entirely if the foolhardy few continue to endanger the many Vicki Barker CBS news London each time a new poll from the Associated Press norc center for public affairs research finds that ninety four percent of Americans say they are staying away from large groups while eighty six percent say they're avoiding other people as much as possible both numbers reflect a dramatic increase from just a few weeks ago came like news time one oh two the Illinois governor says the state needs thousands more ventilators from the federal government as it desperately prepares for its peak in corona virus cases expected late this month governor JB Pritzker telling CNN that he has requested four thousand ventilators but is only received four hundred and fifty state officials later Sunday said the number of cases in Illinois climbed in one day by eight hundred ninety nine to eleven thousand two hundred fifty six the number of deaths rose by thirty one two now to seventy four Pritzker telling CNN that even though president trump call for GM to build ventilators under that if its production act they won't be ready until well into illinois' expected peak the Jefferson bank and trust business desk if going to the grocery store is making you a bit nervous you can always have your food delivered but the founder of a nonprofit farm in Ferguson says you can also order veggies and meat directly from a local farmer Molly Rockman is founding director of earth dance farms today I have put together an amazing spreadsheet of all different local farms and local food businesses where people can actually get local food especially right now during the call that stuff they use the organization known and grown their website is known and grown dot org that is known and grown dot org the Dow from steeple is up twelve hundred fifty two points watch for to respond sixty four before kings highway in the right lane is closed there's a stalled vehicle westbound sixty four to skincare Clayton road.
Stocks have first back-to-back gains since sell-off began
"You bye stocks were rallying most of the day but began pulling back in the final half hour of trading after word of a possible snag in setting up that vote in the Senate on a massive stimulus bill still the Dow did manage its first back to back games since last month up nearly five hundred points or two and a third percent the S. and P. gain just over one percent while the nasdaq it went into the red in ended down a fraction Boeing stock had its best day ever gaining twenty four percent it's expected to get federal aid as part of the stimulus bill other stocks which jumped on bail out hopes shares of airlines and automakers the fed's James Bullard though is out with a word of caution he says we're not going to get back to normal until people feel safe he predicts more economic
Trade risks easing may mean bluer sky for 2020: Fed officials
"And right now the stock market still in rally mode with all major averages at record highs looks like the market building up some more sting now on the news a to fed officials said the economy was like to avoid a severe downturn because of timely intervention by the fed last year the fed has a reasonable chance of achieving a soft landing for the economy this year despite the renewed tensions in the Middle East so says the St Louis fed president James Bullard in a speech should today and we're hearing from some other of fed officials a giving rather rosy outlook right now the Dow Jones industrial average a is moving higher we were up more than two hundred earlier were up those still of two hundred two points here right now twenty eight thousand nine forty seven making a run for a twenty nine thousand nasdaq of sixty five the S. and P. five hundred of a tame the price of oil pulling back in today still hovering around the fifty nine
Trump's Trade War Inflicts Pain On Manufacturing States
"Right now Diane swore joins us grant for here in the American economy Diane I'm gonna go to your charm which is the middle west of this nation and right now that is in the heartland of a trade war give us the local update from Chicago what we would hear from Charles Evans what we would hear from James Bullard of Saint Louis and all their good economists what is the tone of a trade war so we'll media in our nation's middle west well we are seen the trade war is to is taking a toll on manufacturing activity there's no question about it and Jack General Motors strike added insult to injury to that trade war to manufacturers particularly in Michigan and Indiana so that really was sort of a very hard situation that said Kelly avances already come out and said listen we've made a half percent cut and I'm optimistic that you know that's enough for now and I want to wait and see said okay interesting this services ambiguity because they have put some stenosis system and what we're gonna see later today is some of that stimulus paying off in terms of strong home sales we have we think we've got enough home sales the curious out through the end of the year next year's another issue but this is the first positive quarter for the housing market in seven quarters just a quick program note I'm pleased to sail speak at length with Mister Evans of Chicago in the early November at the council on foreign relations really looking forward to a lengthy conversation on this moment Diane swanky say we've got existing home sales out there do we have fiscal space in America I'm looking to trillion dollar deficits this is in swanky economic say we have fiscal space well this is one of those hard issues we have fiscal space to make one term investments when interest rates are so low that pay off in terms of infrastructure investment we have less system maneuverability should we had a recession and what we really need is the automatic stabilizers to kick in much sooner and not wait for things to get so bad that we noticed them that Congress then has to enact things to extend things like unemployment insurance and out and in fact we have fewer automatic stabilizers says things that kick in when we do have a recession than we did during the last recession and I think that's really important to acknowledge one of the things people are talking about is using something we call the psalm role which one see an employment rate goes up by a certain percent we know we actually are in a recession and instead of waiting for it to be declared there actually be an automatic sort of movement to be able to get longer term unemployment insurance in this
Fed's Bullard, explaining dissent, says U.S. manufacturing appears 'in recession'
"St Louis fed president James Bullard voted against the central bank's quarter point rate cut this week he instead wanted a bigger half point cut Bullard explained is thinking in a statement today saying he thinks manufacturing is already in a recession and that there are signs that US economic growth is expected to slow in the near
Fed's Bullard says central bank will weigh response to global slowdown
"Holly stocks are heading higher in premarket trading getting some help from reports that Europe and China are working on stimulus packages to inject some life into their respective economies as far as the federal reserve goes Saint Louis president James Bullard told fox business he doesn't think the central bank needs to call in enter meeting action following this week's sell off on a key bond market signal flashing a recession warning boulder maintains the US economy can continue to grow if the fed plays its cards right the central bank next meet in September and the market is pricing in higher odds of a rate
Stocks slide after bond market warns again of recession
"Stocks remain stuck in the spin cycle Thursday as worries about a possible recession collided with hopes that the strongest part of the U. S. economy shoppers spending in stores and online can keep going the major stock indexes spend most of the day wavering between gains and losses the broader market turned higher late in the day with the S. and P. five hundred Dow Jones industrials closing up for the day Walmart was a standout gaining six percent after reporting earnings and sales above estimates July retail sales also beat estimates so there were some positive signs amid gloom over the trade conflict with China and growing talk of a possible recession federal reserve bank of St Louis president James Bullard doesn't see a need for central bankers to hold an emergency session to review policy despite fluctuations in financial
"james bullard" Discussed on Wall Street Breakfast
"Leading today's news stronger than expected earnings from Micron technologies helped boost investing sentiment overnight, while the chipmaker stuck to its forecast of a second half rebound in the memory, chip market and resumed shipments to alway setting chairs up ten percent, pre-market Qualcomm and impel have also started shipping. Some components to the blacklisted Chinese tech giant after his lawyers studied export restrictions even when businesses have headquarters in the US, they may be able through ownership, oversea subsidy Aries and operations to classify their technology is foreign, according to cross research analyst, Stephen FOX. Qualcomm is up one percent until is up. Two percent z. Links is up two point three percent and S T microelectronics is up four point two percent free market. In other news Dow futures are ahead by one hundred and twenty three points with stronger than expected earnings from Micron, pushing, NASDAQ futures up point eight percent, while positive trade comments from Treasury Secretary Steven Mnuchin, added to the gains it, followed a series of fed comments on Tuesday that trimmed hopes of a big July rate cut, and weighed down Wall Street. Benchmarks fed chair Jerome Powell said, the central Bank is quote insulated from short term political pressures while Saint Louis fed president James Bullard, the most dovish of the FOMC's voting members declared that a fifty basis point rate cut in July would likely be quote, overdone, even the underlying strength of the US economy. Quote, we were about ninety percent of the way there with a trade deal with China, and I think there's a path to complete this trade. Sorry secretary Steven Mnuchin told CNBC ahead of a big g twenty meeting between president Xi and President Trump. He's also hopeful agreement could be struck by the end of the year. But said quote there needs to be the right efforts in place. The outcome could be pivotal for financial markets that have been rattled by eighteen months of trade tensions between the world's two largest economies. Boris Johnson has toughened his Brexit rhetoric with a quote, do or die pledge to leave the European Union on October thirty one he said he would scrap Theresa May's withdrawal agreement and seek a new deal before, then as minor changes would not satisfy him. Not only has the EU said it will not reopen the withdrawal agreement, but the timetable would be extremely tight as parliament is in recess over the summer, sterling is down point two percent to a dollar twenty seven cents..
Fed Chair Powell Weighs Whether Cut Will Be Needed as Risks Loom
"Fed jerome powell reiterated that the case for lower rates is growing but he wouldn't commit to when or by how much speaking to the council of foreign relations the fed chair and cited downside risks caused in part by trade concerns that may require a quote more accommodative policy cross-currents reemerged with apparent progress on trade turning to greater uncertainty and with incoming data raising renewed concerns about the strength of the global economy that was fed chair jay powell meanwhile louis chief james bullard thinks the move should be next month but he pushed back against a fifty basis point cut speaking to bloomberg t._v. and radio bullard said he favors a quarter point reduction as insurance given below target inflation and slowing growth today fifty basis points would be overdone i would i don't think the situation really calls for that but i would be willing to twenty-five sitting here today i hate to judge meetings things can change by the time you get that was louis fed president
Saint Louis, President And Kathleen Hayes discussed on Bloomberg Best
"Federal reserve bank of saint louis president james bullard says an insurance cut of twenty five basis points to interest rates would be enough to protect against a sharper than expected slowdown in economic growth bullard spoke exclusively to bloomberg's kathleen hayes and explained why he dissented from the fed's decision to keep interest rates level at the last meeting of the policy-setting federal open market committee for the first time was twenty thirteen descended on fed policy decision it was the first ascent in the era of fed chair jay powell i think a lot of people are wondering why now speech on june thirty said a rate cut might be warranted inflation expectations continue to fall if you know if it looked like the weakness could be even bigger from the trade center than thought but why did you say what you really have to draw a line in the sand and say we can't wait gotta cut twenty five basis points today well inflation's running below target which is surprising given that the economy has surprised the upside over the last two years really growth has been higher than most people had expected labor markets have been very strong unemployment at a fifty year low and still we're looking at inflation running below target by preferred measure inflation expectations deteriorating growth still okay looking backward but looking forward looks like a slowdown with some downside risk you've got an inverted yield curve seemed to me like this is a good chance to make us insurance rate cut and try to recenter inflation and inflation expectations back at the two percent
James Bullard, Fed And Saint Louis discussed on Total Information AM
"Yes. Saint Louis fed president James Bullard voted against this week's decision by the Fed's monetary policy committee to hold interest rates steady. He says he would rather lower the benchmark federal funds rate by a quarter percent from the current range of between two and a quarter and two and a half percent. Bullard says he wanted a cut as insurance against a slowing economy and weaker inflation
"james bullard" Discussed on WAFS Biz 1190
"For the cycle Stokes in the United States of America, concern, about potential anti-trust off to the US DJ and the FTC in America. Divvied up, basically, how that going to look into Facebook. Amazon, Apple Google center, not being a big drag in you. We'll say you yields being dragged lower this morning as we see, well, French yields down on this basis pointed, but one nine percent German yield still very much in negative territory. Minus two percent this morning and US yields actually gaining three basis points. So having seen treasury yields a fooling the faucets pace since the global financial crisis, where she slightly coming off those highs. So we saw also to yet, US yields job, significantly after comments foam, this Louis, fed president James bullets still a major drive will will rates look like by the end of the was. Guggenheim is Jesse. You could see restraining the curve, and he flags up the twos. Tens, we'll discuss. With our guest on that story. This Louis fed president James Bullard in central Bank may need to cut interest rates soon. Speaking of Monday, Bullard said, Don would policy rage adjustment would have recenter inflation, and conjured Don side economic risks from an escalating trade war. Actual inflation is below target inflation expectations are also below target if we eased now we could help recenter inflation, expectations at the two percent. Target should be a good thing for fed credibility and for the two percent the credibility of our two percent target. It could also provide some insurance in case, the downturn was. In global growth was more severe than we had previously expected. But it's the first time fed efficient has publicly suggests is the need for a rate cut says the center, bind put rates on hold in January. That's when the fed pledged to be patient. Wade headwinds from slower global growth and the full from trade war. On another trade topic. President Trump has hinted at a big trade deal with the UK pulling Britain to throw off the shackles of the EU and membership. These comments during his state visit to the UK another signal of his desire to get them with a bilateral trade deal. He's long been critical. Of course if the government's approach to break in the lead up to his trip. He suggested Nigel be put in charge of negotiations with the EU. Interesting COPA news technology. John's have been taking a battering. This is the top US, anti-trust officials contacted battle plan to take on some set of combined these bass, no names, not raises the prospect of Joan I fight with the government. We've learned that the Federal Trade Commission will take responsibility for antitrust probes off Facebook and Amazon. The Justice department is set to open an investigation into Google and an oil prices edging closer to a market collapse. This Wall Street banks amazing, the of recession in the US on Saudi Arabia tries to investors that will have a supply glut, Vitale expects the cartel and his allies to extend that production cuts into the second half. If they see because of the uncertain market outlet Limbaugh has been speaking to the chairman of the world's knowledge-based independent oil trade. Probably for real. Thing to do. The decision very late, which is understandable. So that was the Vissel chairman, Ian Taylor speaking exclusively to blame bug boulevard shell Caroline, says they are on track to meet the twenty twenty commitments, the owning gas, major says it sees potential to distribute one hundred and twenty five billion dollars to show between twenty twenty one and twenty twenty-five. Bloomberg's Matt minute Edward spoke to the CEO, Ben van button, and they began by asking whether he's concerned about the recent drop in crude prices. Living, very full of our industry is used to it at the price of the commodity that are exposed to if you look at. Confidence ESPN confidence. First of all, be believe, as you said yourself that the outlook for twenty twenty is pretty much need risked. So that's twenty eight to thirty three billion dollars a Ganic free cash flow for twenty five grow to thirty five billion dollars that said, an assumption some sixty dollars Brentwood, which I think, is a reasonable and a conservative or price assumption so strategy has been working. Well, we expect it to be working well going forward, but at the same time match bureau also repositioning the company for the future of energy, so yes, continuing to invest in upstream score to us. But also making sure that we have very well positioned for the energy transition. Mid market facing businesses, doing well more in them than in upstream. Then very good morning to you. I wanted to ask you about that investments in the future. He's going to be focused on cool. Upstream could you. Tell me. What does that mean does that mean? No deep water Arctic. Having crude. What was the definition that we need to be mindful of we talk about, upstream as actually a core themes, Goto? Shells, go to the success of shell and in recent months and years, it has been some debates on AVI. I'll be well positioned in upstream. And I think we have over the last few years, of course, significantly rejuvenated our portfolio, so yes, indeed. We have gone out of heavy oil. Be preceded Arctic ventures of a few years ago. We have three very strong themes, in upstream, which is the more conventional oil and gas business, which is a businessman very long running rooms very high quality portfolio. We have deep water, which we have completely revitalized reinvented into a much more capital efficient business, and then be shales position, which is also very much business industry, and these three businesses.
China ready for further U.S. trade talks, ambassador says
"Front, the American Chamber of commerce in China says about a third of its members are considering delaying investments in the country as trade tensions intensify. Meantime, China's ambassador to the US telling Fox News today that the door is still open for trade talks with the US. We had Saint Louis fed president James Bullard on the show earlier today. And he said, there still could be progress on trade by baseline assumption continues to be that a trade deal will be struck. I think it would be good for both sides, the darkest hour, always occurs, right before the dawn, and I'm not surprised that there are fireworks, right at the point where you'd be trying to strike a deal, Bullard also said, the US China trade tension and the tariffs could hurt the US economy enough to justify a rate hike. But that would take six months at the higher tariff levels for that to
"james bullard" Discussed on Bloomberg Radio New York
"We love this segment on a Friday, Alex Harris bomb reporter at Bloomberg news inner Bloomberg interactive brokers studio, TIMMY, he economist at Bloomberg economics, and they've been just having a good old time here with my co host on this Friday, Vince, Cigna rela so all right off you go girl. All right. What's going on in the bottom because there was alleged speaker speaker? So I'm gonna kinda give the highlights here. And you know, I'm not so trying to make, you know, get steamed the Kamata Vincent's ears here. He's pretty just tell. So I've heard there is some crazy that they're from those trading days the limitations as long past good memories around. Absolutely. I think one of the first interesting pieces was Richard Clarita. Vice-chairman spoke in a keynote today and one of the things he said, he's Clara or Clarita, Clara Clarita. Well, they cleared any as we have a new name for him because he was talking about yield Kirk control as being part, you know, considered as part of the Fed's operating framework. So we have now given him the nickname Richard club Roda, like Mr. Kuroda Japan because you know, and what Vincent I were talking about earlier is oh my gosh. It hasn't worked for the Japanese. So why would you think it's going to work in the US maddening mccur flattened a little bit? But then the big centerpiece. I think of the day was James Bullard from out of Saint Louis. Patrick Harker Philly, and then governor Randy quarrels were how or on a panel talking about the balance sheet and governor corals was making some comments about looking at making the Fed's treasury portfolio moving to a shorter duration. So, you know, as some people have been talking about that would be reinvesting in the shorter end of the treasury curve. So we're talking T-Bills and shorter dated treasury notes that two years and three years steeton. Yeah. It's a reverse twist. They're going to have to take it out of the bellied occur and bringing it to the shore. Well, then they need the reverse twist because how are they going to be able to? I should've been doing it for a long time. China silly. So they need they want those securities and their quarrels made a comment, you know, if we need to go to an operation twist again, we want to have the resources to do. So and now you've seen the curve steepening out a little bit here. So that's what we're working with. And then you had some comments earlier this morning from Mary Daly out of San Francisco, and John Williams insisting that the Phillips curve isn't dad, which I felt like I was watching the Monty python dead parrot sketch. Yeah. I see I blame me he defrauded was it. The families blame wasn't the fed. He left the fed. Kind of lunatic. Did you do? I just like to say thank you for keeping the Jason Kelly viable live here. He likes to polka. Amir. I feel really wonder why.
"james bullard" Discussed on Bloomberg Radio New York
"Wealth management year-over-year for the full year. We're expecting earnings right in line with consensus at twenty percent, which are very good numbers. So on the back of both those positive bottom up mantles as well. As a good top down outlook. We are very constructive on earning season for the third quarter. The Dow the s&p NASDAQ hall higher SNP up thirty eight a gain of one point four percent. The Dow up two hundred eighty seven up one point one percent, NASDAQ up one hundred sixty seven two point three percent. Global news twenty four hours a day on air and talk on Twitter, powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Charlie Pellett. This is Bloomberg. This is Bloomberg best Bloomberg best is about the insight and the context and get the marquess. It's a great way to catch up on some of the stories. You might have missed on the Bloomberg stories, you're not going to find in any other news organization. Bloomberg best. Bloomberg's best stories of the week powered by twenty seven hundred journalists and analysts in more than one hundred twenty countries around the world, I'm June Grosso on this edition of Bloomberg best Rio Tinto CEO, John Sebastian Jacques discusses the impact of trade wars on his business immigration to trade wars has been no impact whatsoever. Business WTO director general Roberto as a Vado discusses the impact of a U S China trade war, a full-blown trade war in a situation like that seventeen and a half percent of trade with disappear that's a huge number plus James Bullard on US interest rates. I don't think recession probably models are saying that there's any higher. Chance of recession right now. Then there is some kind of unconditionally or any enduring any normal time all this and more coming up in the next hour of Bloomberg best. Saint Louis fed president James Bullard says he's comfortable with the current levels of inflation and interest rates in the US today. He spoke with Bloomberg Sherry on and Heidi Stroud, watts from Singapore. I don't see very much of inflation pressure for the US economy. It's true that the US has growing pretty rapidly right now. But that's likely to slow down and twenty nineteen. I think bond market overall knows that and has that in mind, even though we're now seeing yield surging Huey be less concerned about the yield curve inverting. And what that would mean a lot about the curve. I do think that. A healthy ten year to year split would be something like seventy basis points. We're nowhere close to that. So you would actually like to see a somewhat steeper yield curve to be. Healthy how much of the yield strategy is about the fed leading billions of dollars of his Boncore folio just run off. Yeah. It's a great issue. I I don't think that that's a big part of the story that's been going on in the background, the Fed's balance sheet has been franking. It's an important part of our policy. But I think that's a background story. I think that you also have Ian and foreign economies that hasn't let up yet. So the you still got B O J. And others around the world. But. I don't think it's a big part of the story now compared to what it was three or four years ago. We spoke. Of course, we spoke about the trade war. I need something to the effect that you know, hopefully, part of this is just a negotiating tactic. We don't see much of a circuit breaker between Beijing and Washington is point. I'm curious as a policymaker, do you look at this and have to think at some point you will need to adjust policy for for inflation, the inflationary effective tariffs, and then potentially longer time stock stationary effect. Or do you think the effect is gonna be so gradual that it's not going to be significant? I agree that we're not saying very much progress on China US trade relations right now. But I do think that the announcement of NAFTA two point now is a very positive development because it shows that if you carry on some negotiations, you can modernize trade relationships and get the deal done, and and hopefully get trade off the front page and back to normal..
"james bullard" Discussed on KCBS All News
"Fifty four now and Jason standard by the KCBS super micro Intel money deaths Santa Fe Amazon jumps into the retail prescription drug business. It will have the advantage of having a large number of prime members who are fans of the idea that deutchebanks survey found that eighty five percent of prime members with health insurance said they would buy their prescription drugs from Amazon the research note says it's a question of when and where rather than if Amazon gets into the medication business Amazon earlier this year bought online pharmacy pill pack for about one billion dollars. That deal will close later this year. The Federal Reserve is widely expected to raise rates for the third time twenty eighteen at its meeting in two weeks, but Saint Louis fed president James Bullard may not be in favor of that move telling a meeting in Chicago that current monetary policy. Stance has already neutral or possibly somewhat restrictive pointing out the flattening yield curve between short term and long term bonds usually a sign that investors aren't all that confident in the long term outlook. Bullard says should the yield curve invert. It would highlight rising vulnerability vulnerability for a recession two year US treasuries, currently fetch a rate of about two point seven five percent with thirty year government bonds at three point one percent stock market decidedly mixed today. The Dow up eighty one points at twenty six thousand fifty two the NASDAQ though down sixty one points at seventy nine eleven in the SAP lower by three points at twenty eight eighty four apple will unveil his latest iphones at its Cupertino headquarters about an hour from now it stock down one percent on the money watch. Jason Brooks KCBS the warning over seventy five percent of Americans are dangerously deficient in omega three fatty acids,.
"james bullard" Discussed on WCBS Newsradio 880
"Nine twenty five WCBS sponsored by Mavis discount tire Bloomberg update. Joe Connolly Dow futures are up one hundred points President Trump is invited the CEO's of about two dozen companies have, dinner with him tonight it. Is golf club in New Jersey he reportedly. Wants to talk. To them about the economy before this falls elections axios news says most CEOs do not talk about President Trump very much at all because there's no, upside to it. For them no matter what they say some of their customers would not like it February reserve member James Bullard told. CNBC a recession is not coming any time soon just because the economy has been growing every single month for an unusually. Long time almost ten years but he says that doesn't mean a recession is around the corner because it's been growing. At a very slow rate the slowest rate of growth and seventy years mayor de Blasios signed the law requiring Airbnb to list host names and addresses so the city can check them. To see, if there Violating rules by. Renting vacant units all the time not leasing them out Homeowners have, more than twice as much, equity in their homes who seven years ago a record amount of equity but they generally. Don't want to use it because they remember the real estate market crash when many people's houses were worth less than what they owed on the house banks though. Are, sending out about thirty, percent more direct mail offering home equity. Loans again new census data shows women are out doing men and education women eighteen to twenty four are now earning more than two-thirds, of master's degrees and New York wheelchair Barbara Corcoran of shark tank says most of the entrepreneur she invests, in did not, have a particular passion They just recognize the problem and created a solution and started a business I'm.
"james bullard" Discussed on Bloomberg Radio New York
"Time is different i mean this this thing is sent a good signal ever since the nineteen fifties about what's going on in the in you know it's a good signal for the us economy ever since the nineteen fifty so i would be very hesitant on arguments that this time is different the other the other feature of this is the fed marches had an inverse the yield curve to me that's an unnecessary thing to do at this juncture we don't really have the kind of inflation problems we had in the seventies or eighties so you don't really need to press that hard in this situation as you might have in the past so let's move on to another one of your five cautions and it's actually never went on your list i don't know if he you rank them in order of importance came to your mind i but inflation expectations and you note that market based invasion expectations i was either a little because of fed rate hikes the fed is causing that and secondly that they are still below two percent why is this such a concern i think the i like the market based measures because they're giving you a daily signal about what markets are thinking they are cpi base so you have to just them to a pc basis so i think that's important if you do that they're still saying that the fed's not really gonna hit it someplace in target even over the next five years they're saying that inflation will actually being somewhat below target on a pc basis over the next five years so that doesn't sound like much of an inflation problem in the us to me at least in the eyes of the market and i think that's because the fed has already moved off zero the fed has already started to shrink the balance sheet and those preemptive actions have kept inflation expectations control so we're already in a situation where we've we've taken preemptive action to keep inflation near target and for that reason i don't think we need to do a lot more at this juncture that was saint louis federal reserve president james bullard speaking with bloomberg's kathleen hays coming up stripes cofounder discusses how the company is raising the gdp of the internet you can see.
"james bullard" Discussed on Bloomberg Radio New York
"This is bloomberg best bloomberg best off the insight and the context get from our guests it's a great way to catch up on some of the stories you might have missed on the bloomberg stories you're not going to find in any other news organization bloomberg best bloomberg's best stories of the week powered by twenty seven hundred journalists and analysts in more than one hundred twenty countries around the world i'm ed baxter and i'm june grasso on visitation of bloomberg best uber tries to turn flying cars and do a reality no matter what you do on the ground you're always limited by the fact that it's a two dimensional road network and there's so much more that mobility bam with the sky saint louis fed president james bullard discusses chances of a recession in the us if the ochre dozen bird i would take that as a barrier sable yours economy because it means that the market has a different view the future what the fed have watch cleveland fed president loretta mestre discusses us monetary policy and her inflation outlook forecast is that we'll see inflation the at two percent on this same basis over the next one to two years all this and more coming up in the next hour of bloomberg best as the fed approaches it's june twelfth policy meeting investors are starting to price in four rate hikes for twenty eighteen for more on fed policy bloomberg's kathleen hayes spoke with saint louis federal reserve president james bullard what are you so concerned about what is the risk here in fed moves i think global interest rates are still low and i think we have to keep that in mind and people talking about this for quite a while but i don't think we can't lose sight of.
"james bullard" Discussed on Bloomberg Radio New York
"So much more that mobility bandwidth the sky saint louis fed president james bullard discusses chances of a recession in the us if the curb dozen bird i would take that as a barrier sago plenty us economy because it means that the market has a different view the future than what the fed have plus cleveland fed president loretta mestre discusses us monetary policy and her inflation outlook my own forecasts we'll see inflation the two percent on the same basis over the next one to two years more coming up next hour of bloomberg best as the fed approaches it's june twelfth policy meeting investors are starting to price in four rate hikes for twenty eighteen for more on fed policy bloomberg's kathleen hayes spoke with saint louis federal reserve president james bullard what are you so concerned about what is the risk here in fed moves i think global interest rates are still low and i think we have to keep that in mind and people are talking about this for quite a while but i don't think we can't lose sight of that is is the main idea what's driving it why is this happening well it's perfect goes up three times for the rest of this year that seventy five basis points so then you have to ask yourself is the ten year really going to go up that much over that kind of time frame if it doesn't we're going to have an inverted deal curve later this year or early in twenty nineteen so you know i do think it's crunch time for this i think those that are more sanguine on this issue feel like their tenure will rise in and we have seen a wheel going up but the question is how is that going to proceed over the remainder this here and into twenty nine hundred i don't think we're in any any danger right now the yield curve has a nice southward slope and that's fine it's not too far off the average slope over the last thirty years or something but but i'd be concerned that we not march into an inversion without our eyes being wide open but there are people on wall street right now saying that we're going to get to three and a half percent by the end of the.
Rex Tillerson warns of "growing crisis of integrity and ethics"
"Eight thirty am and byron ninety minutes away from the start of the country day the last day of the week it's a bright and jerry day today we'd rain yesterday was almost a red headline on bloomberg let's give you cook clash of the mortgage you could go bid twelve hundred ninety two by the way ubs say it is a painful moment for gold but you must keep the faith fourteen hundred bucks is their target in the next six months three to six months they expect the dollar to retreat from its highs wrote it over sap futures flat at the moment but there was a nice little bit of a turn of green on us stops at yesterday the question this morning is do you focus more on the geopolitics of the trump kim jong un possible possible meaning question marks ryan dot org focused on the data and the earnings on us markets that's the question i word headlines deborah mob is standing by deborah president trump says north korea hasn't directly raised concerns about his proposed summit with kim jong un and that's after pyongyang threatened through its state run news agency to pull out of the meeting anything we haven't heard anything we will see what happens korea says it feels the repugnance towards national security adviser john bolton and has rejected a socalled libya model in which it quickly surrenders its nuclear weapons former secretary of state rex tillerson has taken a veiled shot at president trump warning that a growing crisis of ethics and integrity has put american democracy at risk he criticized the salt on facts that he said would lead to a loss of freedom and added that only societies able to pursue the truth and challenge alternate realities could be truly free trump fired tillerson by tweet in mid march to conceal the truth or we as people become accepting of alternative realities that are no longer grounded in facts than we as american citizens are on a pathway to relinquishing our freedom saint louis bad president james bullard says policymakers have no business blogging strategy weeks or months in advance because they don't know how.
"james bullard" Discussed on Bloomberg Radio New York
"That was the former policy board member christine forbes now meanwhile of course we have been hearing from the lewis fed president james bullard as saying that policymakers have no business flagging strategy weeks or months in advance because they don't know how the situation could change and he's speaking exclusively to bring back you said the predicted three or four rate hikes this year could put downward pressure on inflation although he sees no danger of that at the moment however bullard once the fed to change course the whole idea that you're naming the number of rate hikes way out in the future when you don't know what the data's going to be is is something we should get out of the business of doing so that was the set lewis fed president james bullet speaking to bloomberg let's see what else is happening around the world and crossover vigorously good morning yussef the trump administration is turning up the heat in middle east imposing sweeping new sanctions on the leader of hezbollah the us says acting in concert with saudi arabia quitter bahrain and three other gulf nations accusing hasaan nez rule love to stabilizing the region be near death arab league has a mandate to prepare a plan to counter the latest decisions taken by the united states or any other country that plans to move its embassy to jerusalem meanwhile the arab league says members preparing a plan in response to the latest situation in the palestinian territories of israel if fled the us opened its new embassy in jerusalem former secretary of state rex tillerson has taken a veiled shot at president trump morning that a growing crisis of ethics and integrity is put american democracy at risk he criticizes salts on facts that he said would lead.
"james bullard" Discussed on Bloomberg Radio New York
"And version of the yield curve that is a signal that the fed has over tighten policy that they have pushed the cost of financing above the growth rate of the economy and therefore then things tend to fall apart we're not there yet but back to carol's and you say we're not there yet moley close to an over tightening the fed is you know this is still a very accommodative set of interest rates rates are very accommodative and so if we look at the real rates versus real growth there's still a substantial gap which means either the market is mischaracterizing the inflation outlook or maybe the fed is charging heart a little too aggressively forward and we have to see how that plays out with limited ammunition to fight a downturn the fed needs to be very careful about this the markets are expressing significant doubt on a sustained pickup in inflation pressures and that's why you see the long end of the curve so so so flat relative to short rates wait a second point teacher teacher you want to say i'm right back to your point with james bullard right talking about this inversion he's not calling for it he is one of the most devilish members at the fed and he's saying we shouldn't be continuing along this further gradual normalization of interest rates he's arguing for a much slower pace of rate hikes because no doubt about it that the fed is at a very interesting juncture right now because if they overdo it they could just be the thing that pushes the economy into recession right this is just when you were in the beginning of a tightening cycle this is the tricky time actually the marcus actually dow the two calls point the market actually doubt the fed ability to really tighten to the point where the first dot product says because tomino rates was implied in the market is two point seventy five basis point where the fair says by two thousand twenty hit three above the three percent of the market doesn't buy it so the markets price of fed doppler by three hikes so the maki's doubt the fed's ability to really tighten their heart can we talk about the dot plot cost that has been just wildly off of what subsequently happened for.
"james bullard" Discussed on Bloomberg Radio New York
"World on trade tensions between the two countries henry mcveigh is head of global macro and asset allocation at k k r i do think we've entered a new era between china and the us by i'm not expecting this to be what you saw over the past twenty four hours to be the game i think it's an opening of the negotiations policymakers are also weighing in james bullard is president of the saint louis fed president has a lot of conviction on this issue and is determined to get a better trade deals for the us so i think he's willing participant in trying to press much harder than what we're used to says the trade spat does present some downside risk but generally speaking it's too early to tell what the actual impact will be on the american economy and we're seeing the easing of trade tensions play out in europe this morning has stocks rally there let's get the very latest from bloomberg daybreak europe anchor caroline hepker who joins us live from london good morning caroline good morning bill and on european stocks are gaining for the first time this week following rallies in the us and asia germany's export heavy dax is the strongest performer this morning we also german factory orders rebounding in february on the us six hundred basic resources tech and banks leading the gains now the euro though has hit its weakest in a couple of weeks tops top performers fans ubisoft after the company said that its video game far cry five became the fastest selling title in the franchise's history britain's sophos group has seen shares so eighteen percent the it business says expect full year reported billings growth at the top of their guidance range but global health company bt is down sixteen percent the biggest loss european traders they whistling happy tune optimistic the trade troubles can be resolved by dialogue at least now in london i'm caroline hepker.
"james bullard" Discussed on Bloomberg Radio New York
"Is saying this is not a trade war the chief economist of morgan stanley is ellen zentner she says this is part of trump's playbook start with big threats then dial back still settlers zentner does admit there's a chance this approach could fail we seen these things can devolve in a way just snowballs right and so you still have to put a decent profitability on the good outcome not happening in this case is this just a part of the playbook or we're going to be making the wrong bet assuming that this is going to get worked out show let's step back ticket depressed because those proposed us tariffs won't go in effect for roughly sixty days all at the same time one fit officials also warning about the trade dispute adding an unwelcome layer of uncertainty livy bank v bank president james bullard says the economy economic outlook as bright but adds we're in for a bumpy ride the president has a lot of conviction on this issue and is determined to get a better trade deals for the us so i think he's willing participants in trying to press much harder than what we're used to blood say the trade sped does prevent present some downside risk but generally speaking it's too early tell what the actual impact will be on the american economy so given those china proposed tariffs i mean they target things like soybeans and other american commodities the attention is obviously to hit the us farm belt where it hurts tulsa where president trump enjoy political support in the two thousand sixteen election out china if you don't know ease the largest buyer of american grown soybeans bloomberg agriculture reporter alan bureau says these tariffs are just another blow to an industry already suffering the last time you saw this sort of a slowdown prompted it was a grain embargo against the soviet union back in one thousand nine hundred eighty that was catastrophic the finances there's a fear that you could have an echo of this with soybean tariffs now now three us soybean trade associations have already raised concern about possible collateral damage the american soybean association is saying a twenty five percent tariff will have devastating effect on every soybean farmer in the united states and the agricultural giant cargill is saying the.
"james bullard" Discussed on NPR News Now
"Russell lewis reporting from san juan speculation is running high that the federal reserve will raise interest rates again at its meeting coming up in december but steve bucknor reports saint louis fed president james bullard says there is no justification for the chatter as the economy rebounds from stormdamage the fed is widely expected to raise rates but bowler differs i don't think we're going to have enough information by the time we get to the december meeting either on gdp or on inflation to really be in a position to to know where the economy is within flation far below the feds two percent target boellard sees no rushed to raise rates so i think we should just accept that were in this low interest rates low inflation regime and then we should make optimal monetary policy within that framework for now others worn keeping rates low risks higher inflation and financial instability for npr news i'm steve bucknor in washington the publisher of hustler magazine larry flint is offering up to ten million dollars to anyone who produces information that leads to president trump's impeachment and removal from office he lays out the offering a fullpage ad in today's washington post this is npr a huge truck bomb has killed at least twenty people in the capital of somalia and pierre's eater peralta reports dozens of others were injured the volunteer group amine ambulance has been working all day shuttling the injured from the site of the blast to hospitals a video shared by the group shows what looks like an entire city block destroyed roofs caved in stores on fire people sifting through remains a popular hotel as well as the ministry of foreign affairs were close to the blast no one has claimed responsibility for the attack but the islamist group alshabab often targets mogadishu recently alshabab has stepped up its attacks at the same time the united states has increased its airstrikes against the group in apopka impair news never will be.
"james bullard" Discussed on Bloomberg Radio New York
"And not a game changer as far as the jobs report is today you come back on a very quiet economic front you see canada and fact disclose soy like nothing i can talk to about that they're they're calls for civic holiday and what else do we got we got today we basically had just for some fedspeak and and we had to dubs one voting one nonvoter uh james bullard who interestingly is not a voter th this year but did say that he was looking for forward for the um um the fed's balance sheet reduction to begin in september that's the first time we had any wild me but we had williams say something in the fall but to san francisco fed the for someone to sit there and say and actually a month which you designate or associated with eight with with with a fed meeting that's the first time i think we've we've we've heard that so that's that's interesting and then neil catch caray who has been saying all along list we should not be raising rates until we have a definitive sign of inflation at that is gravitating toward its two percent target and and his his words said that's the theory that people had believed that is unemployment rate sank that we would it would engender some price inflation or wage inflation and that rule that that notion has been incorrect for the last five or six year so again the nothing new staff clock right twice a day but he hasn't had as wants a day as his waiting for his he ever richer me i'm looking at these kashkari headlines saying i hadn't saying that it matters inflation has been coming up short now you mentioned boellard saying low inflation means we should hold rates are is this normal for them or is this media change of tune of the fed knock you saying this is transitory this are are missing our target or or is there more.