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"jay waylon" Discussed on WSJ Your Money Briefing

WSJ Your Money Briefing

06:36 min | 3 weeks ago

"jay waylon" Discussed on WSJ Your Money Briefing

"Technology it's in your pocket your car. Your Business and the Wall Street Journal's Tech News Briefing is tracking all of it from consumer tech to cybersecurity from the giants to the startups every weekday we bring you the latest stories about the companies and advancements that are changing the way we live and work. Tech is remaking. The world will make sure part of it subscribed to the WSJ tech news briefing from the Wall Street Journal wherever. You get your podcasts. Here's your money briefing Tuesday June ninth I'm Jay Waylon for the wall? Street Journal people struggling to pay off. Their mortgage got a lifeline earlier this year the federal cares. Act, let's people suspend payments on mortgages and other types of loans without hurting their credit score, but millions of Americans, signing up for the program at once, lenders could be making more mistakes. Consumer advocates are concerned that it's hard to know how lenders are GonNa report some of these payments suspensions, and there can be a different impact on credit scores, depending on how they report this to the credit, the companies that compile credit reports. So, what should you do if you spot an error on your? Your credit report and WHO's eligible for credit protection under the cares act in the first place. A reporter and Turkson will have answers in a moment. The covert pandemic has cast a spotlight on inequality and places in urgent command on employers to lead responsibly and with compassion. Time's up is here to help. Leaders respond to the crisis and build on the progress made toward diversity, equity and inclusion. Time's up invites you to download their new employer guide offering practical steps to care for your people equalize your workplace and lead with purpose text crisis, two, three, three, zero, six, dash, four four to download the guide, message and data rates apply text. Stop to opt out. The cares act allows many people to skip payments on certain loans for months at a time without damaging their credit, but consumers need to keep a watchful eye for mistakes made by lenders and the rules. Protecting consumers are tricky. A reporter and Turkistan is with us to explain so an what should consumers do if they spot and error on their credit report? Report consumers need to know that basically over the next year they can get free credit reports every single week from the three companies that compile credit reports that then the credit reports go to the companies like Fico that that published credit scores, so it's it's important to monitor your credit reports, and it's easier than ever because all you have to do is. Is Go to a website called annual credit report dot, com and you can sign up there. for a free credit report every single week for the next year. If you notice a mistake you can, there's a certain procedure that you should follow and basically you should be sending written disputes to each of the credit reporting companies. It's publishing inaccurate information. Information, you can also copy the lender that's involved so if you notice something that's kind of a missed with your mortgage. You can send a written dispute to whichever of the credit reporting agencies is reporting the inaccurate information, but then also copy your mortgage provider now the ability to get a free look at your credit report every week. Is that something new? Yeah, it is. It's something that they the credit. Reporting companies are doing in response to the Kobe crisis, but the government wants to see people emerge from this crisis with little damage to their credit scores. Consumer advocates are concerned that they it's hard to know how lenders are going to report some of these payments suspensions, and there can be a different impact on credit scores, depending on how they report this to the credit, the companies that compile credit reports, so I think you know the big the big issue is that that consumer advocates say that that consumers have to be very. Very careful to check their credit and just make sure that nothing is being reported inaccurately in a way that would cause credit to be damaged. How does the type of loan dictate how consumers are protected from damage to their credit score? Yeah, it's kind of complicated, but you know. Due to the COVID crisis Congress in the the laws that it passed in the wake of this day of the Cova crisis, they directed certain loan servicers that take charge of student loans. They did directed certain of them to suspend payments for a period of time of about six months so. payments and interest are suspended and same with federal federally held mortgages. People can call and request payment suspensions with those, and when people have modifications like accommodations like that on their loans, they have to get credit protection, and it kind of varies depending on the loan so I guess it's really important to fix any errors because they can have a lasting impact problems with. Can stay there for up to seven years or even longer. If you end up declaring bankruptcy, so if you see mistakes, it is important to try to get on top of that and file a dispute with the credit agency and you know under the law. The credit agencies have to get back to you within about thirty days, there may be delays. Due to the the coronavirus crisis and federal regulators have said they will tolerate delays as long as the credit agencies make a good faith effort to get back to people, and if somebody does delay or suspend their payments. With that impact the loan status? Congress basically said that. If you have a mortgage, a federal mortgage, you can go in requests that your payments be suspended, and so if the payments were suspended, then Congress said that. If you're current on your loan when you when you're suspension was approved. The lender has to continue to report US current. Even though your payments are suspended if you were behind on your mortgage when you are suspension. Suspension was approved. The lender can continue to report. You is behind. However, it should freeze you at the status that you were at when the suspension was approved. So if you're thirty days late at that point, they should continue to report you as their days late. Alright, that's wall, Street Journal reporter and Turkington and thanks for coming on the show. Welcome, and that's your money briefing. Im Jr Waylon for the Wall Street. Journal..

Wall Street Journal reporter Street Journal COVID crisis Congress Jay Waylon Congress giants US Turkistan Turkson Cova Turkington
"jay waylon" Discussed on WSJ Your Money Briefing

WSJ Your Money Briefing

01:52 min | Last month

"jay waylon" Discussed on WSJ Your Money Briefing

"The end of the article isn't the end of the story. The Journal podcast goes behind the scenes with reporters and covers everything from the Mormon Church's one hundred billion dollar fund to Corona virus. Listen to the Journal on spotify or wherever you get your podcasts. Here's your money briefing from Monday. May Eighteenth. I'm Jay Waylon for the wall. Street Journal. The pandemic lockdowns are pushing them any small businesses to declare bankruptcy and putting others on the brink but new laws aimed to make the bankruptcy process. Easier less expensive and give businesses a better shot at staying afloat afterward and the changes. Come just in the nick of time just last summer. That's when Congress got around to fixing these rules. They don't do it often. And when they fixed the rules they said they should go into effect on February nineteenth. They had no idea what was head for the US economy. And everyone's just sort of looking to this. As very serendipity moment who could believe that this relief would go into effect right as business owners needed it? That's Wall Street Journal reporter Katie Stetch. Ferrick coming up. She'll explain some of the factors that the new bankruptcy law takes into account like how much debt a business has on its books when the world is at a standstill. Facts can move us. Forward facts help us make decisions and bring us together. Even as we're apart the Wall Street Journal has the facts in these uncertain times. Get the latest on the corona outbreak with free coverage of the crisis and its impact on the economy politics culture and daily life. Find the clarity. You need with America's most trusted news source visit wsj.com and stay informed Moore for a small business. Declaring bankruptcy and seeking protection from creditors.

Wall Street Journal Street Journal Ferrick spotify Mormon Church Jay Waylon The Journal US Katie Stetch Congress America reporter Moore
"jay waylon" Discussed on WSJ Your Money Briefing

WSJ Your Money Briefing

01:57 min | Last month

"jay waylon" Discussed on WSJ Your Money Briefing

"The end of the article isn't the end of the story. The Journal podcast goes behind the scenes with reporters and covers everything from the Mormon Church's one hundred billion dollar fund to Corona virus. Listen to the Journal on spotify or wherever you get your podcasts. Here's your money briefing for Wednesday may thirteenth. I'm Jay Waylon for the wall. Street Journal many Americans are hoping to get a break on their credit card payments during the pandemic but when they call it their credit card company or lender try and work something out. A lot of them are just running up against a wall. I don't think I've had conversations in my career as a reporter dating back to the last downturn in which I've heard people more stressed out than I have with the story just sort of I think a sign of the extreme pressure that people are under where income has dropped to zero. And they're trying to figure out like how do I get into deferment and having these various glitches an issues happening with their banks Wall Street Journal reporter Anna Maria? Andreatta's coming up. She'll explain? Why Automated Customer Assistance? Hasn't solved the issue either and why? Some consumers aren't allowed to defer payments at all when the world is at a standstill. Facts can move us. Forward Facts. Help us make decisions and bring us together. Even as we're apart the Wall Street Journal has the facts in these uncertain times. Get the latest on the corona virus outbreak with free coverage of the crisis and its impact on the economy politics culture and daily life. Find the clarity. You need with America's most trusted news source visit wsj.com and stay informed Millions of Americans are asking your credit card company or lender for a on their debt payments as they deal with financial pain of the pandemic but instead of relief many are.

Wall Street Journal reporter Street Journal The Journal Andreatta Mormon Church Jay Waylon spotify Anna Maria America
"jay waylon" Discussed on WSJ Your Money Briefing

WSJ Your Money Briefing

08:16 min | 3 months ago

"jay waylon" Discussed on WSJ Your Money Briefing

"For those fortunate enough to help the person who has always been there hero. Find The care guides you need to help at AARP dot org slash caregiving brought to you by AARP and the Ad Council Kucher money briefing for Friday March twenty seventh. I'm Jay Waylon for the Wall Street. Journal as part of the two trillion dollar stimulus bill. That looks set to pass Congress soon. The government plans to send out direct payments to US households. You can think of. It is in advance of next year's tax refund not at all as a separate Taxable event for you. That's Wall Street Journal. Tax reporter Richard Rubin coming up. He'll tell us when those checks are going arrive and if there might be more to come in the weeks ahead it's happening wherever cupcakes are being frosted songs are being recorded and engines are being tuned. Adp is designing a better way to work with industry leading. Hr talent time benefits and payroll more companies rely on ADP than any other HR partner from small business to global enterprise. See how ADP can help you. And your people achieve what you're working for at designed. Adp DOT COM ADP always designing for off the two trillion dollar. Federal Stimulus package includes direct payments to most households to help them get through the corona virus pandemic. But when it comes to actually getting your share the devil's in the details. Let's bring in Wall Street Journal. Tax reporter Richard Rubin to discuss so Richard. First of all. When can we expect these checks to arrive? Well first of all. They're not checks for most people they're gonNA be direct deposit payment that's how most tax refunds are paid now as a lot of tax payments are paid now and that's the information the IRS is going to use for people who have direct deposit information on file with the IRS. Especially from the two thousand nine hundred returns you can expect those payments start coming in about three three or four weeks or so but people who don't have direct deposit. Can they still get a payment? Yes absolutely it's not a barrier to getting checked. It just may take longer. It's actually interesting. The government is used to have like the check printing machines and could print lots of checks in Melbourne out. They actually dismantled while that. Because so much has gone electron eq but to the extent that they don't have your information or your bank account Has Changed or something. Then they're gonNA have to go through the process of sending out checks in the mail and that's just GonNa take a little while both to find people particularly people who haven't filed tax returns recently and also to just get addresses and projects in the mail. Now can you just walk us through? How the government will determine who gets what amount yes so. The basic amount is twelve hundred dollars per adult per taxpayer profiler and then five hundred dollars per child and that starts phasing out for people with incomes Starting at seventy five thousand for individuals and one hundred and fifty thousand for married couples now aside from the income factor who would not get a payment. You have to have a social security number to get a payment so if you are maybe someone who's here on a work visa or something and don't have a social security number or your Non-resident or Sending people who were in the country not legally or undocumented or you know wouldn't qualify for that without a valid social number and then also dependence who are non children won't get separate payments so you can think of if your support if an elderly parent living with you. And they're not sort of filing tax returns their own household and they're dependent on your return or you have a college age child someone seventeen or older. Those people wouldn't be eligible for payments. But for those who do qualify. Do they have to sign up somewhere or apply to receive payments? So here's the thing with the little tricky that we don't know yet if you filed a tax return in twenty eighteen or twenty nine thousand nine. You don't have to do anything if you haven't. That's where it gets a little more interesting. I think for people who have social security benefits and haven't filed tax returns that they're going to try and figure out a way as much as they can to work between the Social Security Administration and in irs to get money to those people that the government has that that information that you have to have the systems talk to each other for people who haven't gotten so security benefits. There are plenty of low income people who don't file tax returns. They just don't make enough money for that. Then it gets a little they th you. We'll have to see what the IRS says about whether they're advising people I got to file tax returns or a separate form or what they're going to do For for those people in that category in the irs really isn't saying much about the mechanics of this yet in part because there's only gone through the Senate and so it's not law. The job is to implement the law that Congress lays out in Congress has finished. Its job yet well. The payments be taxable. No not taxable income. Here's how you can think of it. Say Your amount is twelve hundred dollars. You can think of it like a twelve hundred dollar addition to the refund. You would get next year. You're just getting it now or twelve hundred dollar discount off the tax bill you would pay next year in early. Twenty twenty one. You're just getting it now so it's really an advance of you can think of it as an advance of next year's tax refund not at all as a separate taxable event for you. What happens if someone made a sizable amount last year? But their income dropped off in twenty twenty. There's two things that happen. One is if you're above those limits than you would either get a smaller payment or no payment at all right now but you would be able to get a payment on your tax as part of that whole process. So you've maybe you could get the full twelve hundred. The other thing is to remember that this payment is not the only piece of what the government is trying to do here. So the bill. That's working its way through. Congress right now has enormous expansions of unemployment insurance so people who see their income go down because they become unemployed and the definition of that is actually much broader than it used to be. We'll be able to get a lot of money sometimes up to an additional six hundred dollars per week for a few months as a result of that but by going to your state unemployment office and or say unemployment office system online and applying for benefits that way and so you shouldn't necessarily think of these. Irs Payments is the only thing the government is doing for people who really have those income drops due to lapse in employment. There is that other big avenue to Goto now. What if somebody qualifies for a payment based on their income in two thousand nineteen but they have a baby? You know a new deduction this year. You don't get the advance payment for that so that five hundred dollars for child For Tile doesn't come until you file your twenty twenty tax return early next year these upfront payments are based on the two thousand nineteen return and then it gets reconciled on the twenty twenty return but the important point of it that is it doesn't get reconciled downward so if you get more in this initial payment than you ultimately would qualify for based on your twenty twenty income in your twenty twenty family situation. They'RE NOT GONNA COME. Take any of that money back. Is it likely this could be just the first round of payments? We don't know I think that that's going to depend on Congress for sure it's GonNa depend on what happens over the next few weeks with the virus. I mean if we're in a place six four to six eight weeks from now where the economy's still looking fragile. You might see some desire for Congress to do this again if there's sort of better control of the virus and people are back to work sooner than people expect then maybe not the administration had been talking about two rounds of payments but the bill only allows for this first round. Now there are lots of people in the US without bank accounts who might not be able to deposit a check or receive direct deposit. How can they collect payments so they may get checks and you know unfortunately for people who are unbagged You would have to go to some sort of check cashing operation and probably pay a fee. the other possibility is they've there's been some discussion of debit cards And we'll just have to see whether there they can make that work for people or not all right. That's Wall Street Journal. Tax Reporter Richard Rubin Richard. Thanks for coming on the show. Thanks for having me. And that's your money briefing. Im Jr Waylon for the Wall Street Journal..

government Congress Wall Street Journal IRS reporter Adp Richard Rubin Richard US Richard Rubin AARP ADP Jay Waylon Irs Twenty twenty Social Security Administration Ad Council Kucher
"jay waylon" Discussed on WSJ Your Money Briefing

WSJ Your Money Briefing

08:02 min | 3 months ago

"jay waylon" Discussed on WSJ Your Money Briefing

"The stock market fall and taking our portfolios and 401k. Retirement savings with it. That has a very real impact on our wallet. But what about the effect on our minds thank of a crashing stock market or a bear market as if it were an actual bear? You would be focused on safety and survival. Your focus of attention will narrow your heart rate your breathing rate. Even your production of sweat will rise. That's Wall Street Journal. Intelligent investor columnist. Jason zweig coming up. He'll explain what investors should do to regain their sensibility and make wise decisions in the market and life we see breakthrough medicines getting to patients in record time at Emerson when issues become inspiration. Creating a better world isn't just a result. It's a responsibility. Amerson considered solved during the corona virus. Pandemic our sense of fear is heightened by concerns over our health and our financial wellbeing but there are ways to overcome the weight of fear and avoid making decisions might regret later on Wall Street Journal Intelligent investor columnist. Jason Zweig joins us to discuss so Jason. It seems like the daily reports of illness. Death and the stock market drops are colliding into people's brains like a set of motives. It's very important for investors to realize that at a time like this your normal processes for making decisions are really disrupted. I mean when we're under stress our brains just don't work the way they normally do and that can have a huge and very negative impact on your decision making that you really need to counteract but to medical professionals say about brain activity as a result of all this and how it can shield rational thinking thank of a crashing stock market or a bear market as if it were an actual bear. I mean if you're in the presence of of giant bear say a black bear or Grizzly Bear. You would not be able to stand there and think of your favorite lines poetry or baseball statistics or your favorite book or movie. You would be focused on safety and survival. And that's the same focus that you would have if you were confronted with a bear is very similar to what goes on in your brain when you're confronted with a bear market. Your focus of attention will narrow your heart rate your breathing rate. Even your production of sweat will rise. Your muscles will tense. You're basically prepared for fight or flight at all times. And that makes it very difficult to focus on longer term decisions to take in multiple sources of information and evaluate their accuracy and reliability and also to plan with the full context of your decisions in mind and that long term thinking really intersects with people's money in the markets and how stress can cause them to make knee-jerk decisions absolutely at a time like this people are much more inclined to make impulsive big sweeping decisions like I'm getting out of the stock market now or they're also people who are out there buying stocks as impulsively as other people might be selling them and is really important at a time like this to take measured slow gradual incremental steps. That don't put you in a position of having made a decision you can't reverse you know it's more than just medical theory and advice. We're getting from professionals. We're told that the markets will come back and they always do but now word comes that companies IRV cutting dividends and. That's real money. That's not going to be showing up in our accounts. That's very true and I think it's also important for everyone to bear in mind that like all crises in the financial markets. This one combines. What's going on in the stock and bond markets with what's going on in our own private lives but it does so even more than usual. I mean in two thousand eight. Nine people in certain industries were hit really hard financial industry housing industry. You know in anything related to real estate like construction. But in this case small and medium-sized businesses. All across the country are likely to have to lay people off. There could be you know. Millions of people either thrown out of work or put on furlough and this is just not a time to add intense financial risk to the risk. Your livelihood may already be facing in terms of the stress pressure that the effects of the pandemic Havas. What can we do to ease that stress in regained some sensibility in our thinking process? The single most important thing to do is to take actions that restore your sense of having some control over the situation. What makes what's going on right now. So scary to so many people is that it's incredibly uncontrollable. I mean we. It's a virus. We can't see it. Millions of people may be carrying without even knowing it We could have members in our own families who are sick and we don't even know it yet. We don't understand fully the consequences for the economy so any small measures that investigators can take that will enable him to regain. A sense of control is what people should be focusing on. And there's a few of those I as I mentioned earlier. Just take gradual not sudden steps but any small steps you can take will probably make you feel better if you can't stand the risk of holding stocks. Don't sell them all at once. Sell a small amount and parcel that out in equal installments. Over time so that you don't concentrate the risk of the decision on any one day or even in any one month. Another great thing that investors can do is if you have an IRA you could convert that from a traditional IRA to a roth now. That asset values have fallen. Stocks are down almost thirty percent. You can reduce your immediate tax bill on that and then any future growth in the Roth. Ira would be tax free for the rest of your lifetime. It's a smart move. It doesn't do a lot of short term damage to your portfolio and it can position you better for the long term and especially give you a sense of taking control you know what makes this crisis. Unique I think is that so many people are experiencing it in a state of extreme social isolation. I mean I'm sitting in my Home Office by myself and I think millions of investors in America and around the world are experiencing this alone and as a result you need to restore a sensitive human connection and shared experience with other people to the greatest extent. You can and it doesn't have to center around your financial life but anything you can do to sort of build your own sense of calm at this time of incredible upset is good not just for your mental health but your financial health as well all right. That's Wall Street Journal. Intelligent investor columnist. Jason Zweig with US Jason. Thanks for coming on the show. Mike pleasure thanks. Jr In matrimony briefing. I'm Jay Waylon for the Wall Street Journal..

Jason zweig Wall Street Journal Grizzly Bear Roth Amerson America IRV Ira Jay Waylon Mike pleasure social isolation
"jay waylon" Discussed on WSJ What's News

WSJ What's News

04:11 min | 4 months ago

"jay waylon" Discussed on WSJ What's News

"Everything from testing to making up for lost salary has been the focus of contentious negotiations between Republicans and Democrats on Capitol Hill along with the White House Wall Street Journal reporter Chaban Hughes joins us from Washington to shed some light on negotiating process so Chaban. This package contains things like corona virus testing. That's free for everyone who needs it paid sick leave and unemployment insurance for furloughed workers. Are there particular programs that were sticking points in the talks? The big thing that has been a sticking point at least from president. Trump's perspective is the lack of a payroll tax cut. Democrats have said that is off the table. Because it doesn't address the problem a payroll tax cut would help only workers who have jobs and the corona virus crisis is going to leave a lot of people unemployed so that was a big sticking point. Another point of contention had to do with the paid leave. The issue has to do with the mechanisms for delivering that to people and who ends up paying for it now. This package really hits voters on Main Street. The steel will not only put money in people's pocketbooks who potentially miss work. But it'll quell fears as well seems like there's a lot at stake here for politicians on both sides. There's an enormous amount at stake here for politicians on both sides. The most recent precedent is the two thousand eight financial crisis lawmakers here described that as basically the closest comparison they can think of this package is one piece of what's viewed as instrumental in keeping the entire economy the entire healthcare system going and so yes a tremendous weight is on lawmakers shoulders. Has there been any talk. This might be just one. Phase of a series of agreements with this economic crisis continues absolutely house. Democrats have already said they plan to be working on another package. It's very clear that's where talks are one piece of it is there were conversations that were not able to be resolved in this round of negotiations so all of those will be moving to another round. Um there are conversations about doing things like for example an infrastructure package. That's something that Richard Shelby has wanted. Steny Hoyer the house. Majority leader told us this morning that because everything is so influx because lawmakers do not know exactly the extent of this corona virus crisis or where it will take us. They are at the ready to do. More as needed as issues become apparent. Alright that's Wall Street Journal? Reporter Chevron Hughes Chaban thanks so much thank you and more and more Americans are being asked to work from home and it's an adjustment. It's not just. We're spending more time on conference. Calls online chats research shows that more time spent online can correlate with feelings of loneliness or tech columnist. Christopher mims says. There's a reason for that. When we talked to other people face to face we release various hormones and neurotransmitters that make us feel good like oxytocin and dopamine and strangely or not so strangely. We don't release those when we are talking to people and some kind of mediated communication but at this age of self quarantine and social distancing. There are ways to keep your mood up. It's so easy to distract ourselves. It's so easy to reach out that we have gotten out of the habit of being satisfied with our own company with embracing solitude with going for a walk with our own thoughts and feeling our own emotions whether they are positive or negative. And letting them pass through us so really. What I'm talking about is mindfulness. And I think the way that we achieve it is simply by accepting that we are going to be a lot lonelier during this period of social distancing and not trying to overcompensate by going on the Internet more and that's what's news for this Friday. We'll be right back here for you on Monday in the am but if you're looking for more updates news over the weekend we have some overviews deep dives on wsj.com. I'm Jay Waylon for the Wall Street Journal. Thanks for listening..

Wall Street Journal reporter Street Journal Chaban Hughes White House Steny Hoyer Washington president Richard Shelby Trump Chevron Hughes Jay Waylon Christopher mims oxytocin
"jay waylon" Discussed on WSJ What's News

WSJ What's News

02:07 min | 4 months ago

"jay waylon" Discussed on WSJ What's News

"Jay Waylon for the Wall Street Journal. Here's what's news. It's been a week of negotiations on Capitol Hill over Corona Virus Stimulus package but this afternoon president trump announced. He's taking his own steps to unleash the full power of the federal government that this effort. Today I am officially declaring a national emergency to very big words. The action I am taking will open up access to up to fifty billion dollars now. Speaking in the Rose Garden trump called on states to set up emergency centres and that's the Department of Health and Human Services is waving restrictions to give hospitals and healthcare providers. More flexibility to respond to the virus will remove or eliminate every obstacle necessary to deliver people the care that they need and that they're entitled to know resource will be spared nothing whatsoever in his speech. Trump also said that the federal government is partnering with Private Industry to get more test kits out there as part of that goal. The Food and Drug Administration has granted emergency clearance to a new privately. Developed high speed test for the virus. The test was developed by Roche. It's just the third diagnostic to be okay by the FDA and it's designed to run on the company's automated machines which are already installed in more than one hundred labs across the US. The White House says they've been working with Google on a screening website and with pharmacies like CVs and Walgreens and retailers like Walmart to make drive-thru tests available and businesses are responding to the outbreak by tightening their belts. Delta Airlines announced today it will cut forty percent of its capacity and ground up to three hundred planes amid reduced demand Delta stock as well as shares of American Airlines United Alaska. Aaron southwest have all fallen at least thirty three percent since the start of the year and the signs the pandemic could be affecting dealmaking Xerox. Says it is putting a hold on its campaign to take over. Hp because of the outbreak last week HP rejected Iraq's thirty five.

Trump federal government Delta Airlines Food and Drug Administration Hp Jay Waylon Wall Street Journal American Airlines Aaron southwest Xerox Department of Health and Human Roche president US Alaska Iraq Google
"jay waylon" Discussed on WSJ What's News

WSJ What's News

08:41 min | 4 months ago

"jay waylon" Discussed on WSJ What's News

"They're worried about getting ahead. This and that there might only be a small window where they can really implement some of these policies. We'll talk about what's in the proposal and then what happens when a city is under containment. That's the question right now for residents and you're a shell New York. They are preventing mass gatherings That means that places. Like synagogues churches are closed. It's Tuesday march tenth. I'm Jay Waylon for the Wall Street Journal. Here's what's news. We'll get to those stories in a moment first. Here's more news we're following. It looks like Russian President Vladimir Putin could be around for a while longer. Russia's lower house of parliament adopted a proposal today that would allow Putin to run again in twenty twenty four. The country's constitution currently would require him to step down after his current term ends but an amendment would allow Putin to serve another two back to back six year presidential terms that would keep him in office until twenty thirty six number all those blackout lines in the Miller report. A federal appeals court. Ruled today that the House Judiciary Committee can have access to those roughly two thousand lines of redacted texts in a two to one ruling. The court also granted access to some of the exhibits and transcripts and the four hundred forty eight page report. Lawmakers originally wanted access to determine if president trump committed an impeachable offense during Muller's investigation of Russian interference in the two thousand sixteen election and whether president trump or his associates were part of the interference. It was another turbulent on Wall Street after Monday's huge sell off the Dow Jones industrials soared nearly thousand points today within the first few minutes of the opening bell and then went into negative territory before midday only to charge higher again in the final hours of trading. The Dow finished the day up one thousand one hundred sixty seven points the S. and P. Five hundred rose one hundred and thirty five points and the Nasdaq jumped. Three ninety-three each of the major indexes rose nearly five percent as the number of people infected with corona virus continues to grow more businesses and institutions are taking preemptive measures to stop the spread. Harvard amherst. The University of California and other colleges have announced they're suspending classes. Students are being sent home and some will be taking their classes online for the spring semester. Many of those students will be flying home but demand for travel is hitting a low. A number of airlines have announced that. They're taking steps to combat lower bookings American Airlines and Delta have said that they're cutting the number of flights and their networks. Several airline executives have taken pay cuts experts. Say It's a sign that the impact of the virus might be felt for months. We've got more what you need to know. And how to prepare for the corona virus on our website wsj.com we see breakthrough medicines getting to patients in record time at Emerson when issues become inspiration. Creating a better world isn't just a result. It's a responsibility. Emerson consider it solved countries around. The world are trying to boost their economies response to the corona virus outbreak. The Japanese government says it's giving impacted businesses about fifteen billion dollars in financing and will spend another four billion dollars to support the economy in Italy. Which now has the largest number of cases outside of China lawmakers are planning to suspend all mortgages as well as the repayments of small loans and credit lines and in Washington president trump has been meeting with lawmakers to talk about a stimulus package here in the US. A reporter. Kate. Davidson has been covering the story. So Kate Let's step back for a moment. What proposals are actually on the table? Well I guess if you're asking you know what's been drafted and setup. The answer is nothing we just heard from the president right. He said The idea of a payroll tax cut He also mentioned aid for You know workers who don't have paid sick leave hourly wage earners who tend to be more vulnerable might not be willing to stay home if they're sick He talked about aid possibly emergency lending facilities for small businesses who are facing disruptions. They have to close down because of quarantines or they have workers who are out sick Things like that. So those are some of the ideas he also talked about targeted aid to some industries that are affected like the airline industry cruise industry And also of course the hospitality industry hotels which the President You know himself would know about being in the hotel business so those are some of the areas that he mentioned. But it's not really clear research starting to get some sense You know as lawmakers are talking with reporters today some sense of what they are interested in what they want to support and what they don't WanNA support. I don't think you'll see all of those things move forward. There's been some pushback from Democrats about the payroll tax cuts in support for industry. What is there criticism? And what are they suggesting? Well they are on board with this idea of paid sick leave senator. Patty Murray from Washington state put Fordham proposal. Last week with some other CO sponsors to provide paid sick leave and You know they also want to ensure that people who don't have health insurance can get tested. That's something that the administration has also said they're interested in. So there's definitely some overlapping interest. But I think that the Democrats generally feel that A payroll tax cut might be sort of a big response. That's not necessarily needed right now. It also doesn't help people who are unemployed him sort of leaves out a number of people if you're a high higher earner you'd obviously get more money than someone who's earning less. There's some of the reasons that they're just not crazy about it. But Republicans also have been sort of cool to the to the idea. I think proposals that are aimed at addressing some of the public health challenges that also have an economic component. I think are going to have a better chance of of getting broad support. President trump and vice president pence met with insurance companies today. What are they discussing? Actually Vice President Pence Said that the insurance companies have agreed to waive copays for Corona Virus Tusk testing and ensure that there's no surprise billing So I think that those are some of the the issues that they're discussing is just how are how are insurance? Companies going to work with people who who are affected by the virus to ensure that people can can go to the doctor and get the medical care. The health care that they need without being worried about Burdensome costs we've seen people forced to miss work and other countries as a result of this. Is there pressure to act? Among Congress people after seeing the amounts of people affected overseas. I think that's I think that's part of it for shores. They're seeing how quickly these Viruses spreading in other countries and how governments are kind of being caught flat-footed some of them And have had to respond really dramatically. So I think that they're they're worried about about getting ahead of this and that there might only be a small window where they can really implement some of these policies now. This is a national crisis situation. It's going to require some bipartisan cooperation. On Capitol Hill absolutely and Treasury Secretary Steven Mnuchin was up on the hill testifying last week and he said a couple of different times several times he was asked about will the administration be requesting more. What are you going to do You know on the economic front and he said essentially we will. We will come back to you when we determine what we need and we know that there will be strong. Bipartisan support. For whatever we ask I think that both Republicans and Democrats are in agreement on some basic ideas. I do think they'll be able to come together on something and And I think Democrats Trust Secretary Mnuchin maybe a little more than some other administration officials. They see him as sort of an honest broker so I think that with him being involved and with there being already some agreement that something needs to happen I do think they'll be able to come together The question is how big will any response be any initial response and And obviously what are? What are the details just in? What's the mood like in Washington right now? Are lawmakers worried about contracting the virus themselves? No in fact this morning at at the Democrats Weekly Caucus meeting a member suggested you know are. Are we going to be thinking about being able to vote remotely if we can't come to the Capitol Complex and we need to pass legislation in Nancy? Pelosi said absolutely not you know she shut it down very quickly and she said we are the last ones to leave the ship or at. That's Wall Street. Journal reporter Kate Davidson in Washington.

president trump reporter Vladimir Putin Washington Kate Davidson Wall Street Journal Trust Secretary Mnuchin Vice President Pence New York Jay Waylon Emerson Capitol Complex Russia House Judiciary Committee Japanese government American Airlines Kate Let vice president
"jay waylon" Discussed on WSJ Minute Briefing

WSJ Minute Briefing

01:42 min | 4 months ago

"jay waylon" Discussed on WSJ Minute Briefing

"I'm Jay Waylon. The newsroom of the Wall Street Journal in New York China has revoked the press credentials of Three Wall Street Journal reporters based in Beijing. It's the first time in decades that the Chinese government has expelled multiple journalists from one international news organization at the same time. The expulsions followed widespread public anger at the headline of a journal. Opinion piece was published earlier this month. Wall Street Journal Publisher and Dow Jones. Ceo William Lewis said. He was disappointed by the decision to expel the journalists and ask the Foreign Ministry to Reconsider John Rude. The Pentagon's Under Secretary of Defense for policy in considered one of the top officials in the department is leaving his post people familiar with the matter. Tell the journal that Defense Secretary Mark Esper- removed route at the request of the White House last year. Rude wrote a letter to Congress saying that Ukraine had made sufficient progress in fighting corruption to qualify for continued. Us military aid rude defended that finding even after the White House suspended assist Ukraine. It is unclear. Whether routes role in Ukraine funding controversy played a part in his removal and to hedge funds or reducing their ties to the embattled sackler family the hedge funds which together are worth roughly one point three billion dollars of each redeemed investments by private sackler investment firm. That's according to people familiar with the changes the sackler zone purdue Pharma which makes the Painkiller Oxycontin and thousands of lawsuits have been filed against purdue in recent years accusing the company of helping fuel. The nation's OPIOID epidemic through deceptive marketing of Oxycontin. We have more details on these stories and other news of the day. Wsj.com and the WSJ APP..

Wall Street Journal Three Wall Street Journal John Rude Ceo William Lewis Ukraine Under Secretary of Defense Jay Waylon purdue Pharma White House Beijing Us purdue China New York Chinese government Dow Jones Pentagon Mark Esper
"jay waylon" Discussed on WSJ Minute Briefing

WSJ Minute Briefing

02:04 min | 10 months ago

"jay waylon" Discussed on WSJ Minute Briefing

"You're invited to travel the world and discover what it means to live the intercontinental life with more than two hundred properties worldwide intercontinental hotels and resorts welcomes you to who iconic properties in global destinations including New York London and Shanghai discover more about the cities and the tails inspire with stories of the intercontinental continental life a collection of stories that were excited your curiosity and offer new perspectives on the world here more at intercontinental dot com forward slash life. I'm Jay Waylon the newsroom of the Wall Street Journal in New York a Saudi Arabian military spokesman said Wednesday it holds Iran or one of its proxies responsible bill for last weekend's attack on Saudi oil facilities but stopped short of saying Tehran carried out the attacks. The conclusion was made based on the trajectory of the cruise missiles cels founded the two attacks sites in the maximum distance of four hundred and thirty five miles they could travel the military spokesman also said the weapons could be traced back to Iran president. Trump has named Robert O'Brien as new National Security Adviser O'Brien currently serves a special envoy for hostage affairs at the State Department. He most recently only help negotiate. The release of rapper ace sap rocky who was arrested in Sweden over the summer. O'Brien takes over for former national security adviser John Bolton who left the administration administration last week and the F. B. is looking into how thirty million dollars earmarked for paychecks and tax payments disappeared from the payroll company my payroll. HR HR earlier this month and send small businesses scrambling to come up with funds although about ninety percent of the missing money has been returned to the businesses affected the FBI is investigating investigating allegations of criminal conduct at my payroll. HR and other companies involved the transfer of money but eight thousand employees at four hundred companies across the country were affected we more details on these stories and other news of the day at wsj.com and the WSJ APP indeed used by over three three million businesses for hiring post a job today at indeed dot com slash higher.

Robert O'Brien intercontinental dot New York Iran Wall Street Journal Saudi Arabian Jay Waylon FBI wsj.com Tehran Shanghai president Trump State Department London John Bolton Sweden thirty million dollars ninety percent
"jay waylon" Discussed on WSJ Minute Briefing

WSJ Minute Briefing

01:34 min | 1 year ago

"jay waylon" Discussed on WSJ Minute Briefing

"Whatever you and your employees are working for ADP, designing better ways to help you achieve it from HR talent, and time management to benefits and payroll. That's ADP always designing for people. I'm Jay Waylon in the newsroom at the Wall Street Journal in New York. President Trump said Thursday, progress was being made in border security talks between Mexico and the US and also involves tariffs. This is a second day of talks gets underway in Washington. Trump saying that Mexico must in his words step up to the plate if it wants to avoid tariffs planned for next week on three hundred fifty billion dollars in Mexican imports. Meanwhile, the European Central Bank left interest rates unchanged on Thursday. But a Mirroring, the US Federal Reserve several officials raised the prospect, a rate reductions highlighting global trend toward easier monetary policy to combat weaker growth and more details. Emerged about tensions between the US in Iran and the Persian Gulf. US officials say for two weeks in may the US military shadow to Iranian commercial. Boats, sailing around the Persian Gulf has policymakers in Washington and Tehran traded public threats American surveillance kept constant watch. On the two vessels after US officials said they saw Iranian forces load missiles into launchers on their decks, but as tensions escalated, the Iranian ships, eventually pulled into a harbour and unloaded the missiles that had set off alarms for the US military. You can read more about this story and other news of the day on wsJcom or the WSJ app.

US US Federal Reserve ADP Persian Gulf President Trump Wall Street Journal Mexico Washington Jay Waylon European Central Bank Tehran New York Iran three hundred fifty billion do two weeks
"jay waylon" Discussed on Heartland Newsfeed Radio Network

Heartland Newsfeed Radio Network

02:18 min | 1 year ago

"jay waylon" Discussed on Heartland Newsfeed Radio Network

"Iroquois county may a little more higher expense on, on, we control hoping, maybe I don't know if we'll be able to get in to plant this afternoon or not. But that's kinda start to have at this point in time were well we had a few fields strip kill but because of a late harvest. And whether we weren't able to get all the stripped down the fall, we wanted, so we kinda got quite a few will be no tails. And so the material on top of the ground is kind of keeping or even more damp. And if you had to soil exposed to the surface that we haven't had a lot of sunlight either now yesterday with the sun in the win less afternoon that kind of helped Ron has in eerily can find his and the other lots of reports in each week's edition farm week corn planting nationwide at forty nine percent was behind. Five-year average of eighty and it was just less than what analysts were expecting. They were expecting fifty so beings nationwide. Nineteen percent analysts we're expecting twenty to the five year. Average is forty seven for corn. I was up to seventy Missouri sixty two Minnesota as of Sunday fifty six they had significant progress last week for soybeans Iowa only three percent, Missouri, only three nothing in the boot heel, either Nebraska, seven Minnesota, as of Sunday still if nothing completed for soybeans, at least as of yet, Kim Kastens farmer and farm broadcaster in Luke lane, and Livingston county. After we finally put some corn of the ground on Saturday, the rains came again, not huge. Washout of the far away ran southern Lewis county received a couple of tents, our neighbors to the north in Pontiac received an inch and a half out of that system. So it safe to say field work is spotty around here within county farm. Jay Waylon who lives near Streeter says his spring plans seem to change every day, our game plan from what I started with thinking in the wintertime and early spring. We have literally changed plans almost daily just trying to keep up to if it will go what we can do to get it done now, fast and efficiently, Golden Harvest seeds agronomist. Bob, lawless. Planted corn plot.

Iroquois county Missouri Ron Lewis county Minnesota Livingston county Jay Waylon Luke lane Bob Kim Kastens Pontiac Iowa Streeter Nebraska forty nine percent Nineteen percent three percent Five-year five year
"jay waylon" Discussed on WSJ Your Money Briefing

WSJ Your Money Briefing

08:15 min | 1 year ago

"jay waylon" Discussed on WSJ Your Money Briefing

"Uh-huh. People are drawn to the latest trends, and top of mind events, so they often based investment decisions on recent market performance, even though the reason past may not be a good indicator of the future. Find out more at a theme dot com. Here's your money briefing. I'm Jay Waylon at the Wall Street Journal in New York, the class of two thousand nineteen starting average salary is going to be higher than last year, but only by a bit. We'll explain why in a moment, I is money and market stories you should know you've been complaining about robo calls in the government heard, you the FCC says it will take steps to give phone companies permission to block unwanted robo calls. They're the number one complaint received by the FCC Americans. Get billions of unwanted phone calls annually, up to now the phone companies have been hesitant, a blog robo calls for fear of breaking the FCC's own. Call completion rules that require the phone companies to make sure calls, reach their intended recipient. But the FCC is scheduled at June six vote on a measure that would assure phone companies that blocking unwanted calls will not allow them to run afoul of federal rules. Illegal robo calls have exploded in research. And years. Thanks to low cost technology that allows for auto dialing and obscuring of calls origin. In a report in the marketing and customer engagement company in market says that whole foods has seen an increase in foot traffic in the first quarter of this year, as opposed to two thousand eighteen but the number of micro visits, that's marketing talk for a visit of less than five minutes. Those micro visits have also risen in market says those quick visits could be due to the addition of Amazon lockers, which turned up after the online company bought whole foods in line also says a more efficient online pickup process for groceries, also contributed to those numbers, the number of new foods shoppers entering the stores dropped by two and a half percent in the first quarter and for that the data points to whole foods, focusing on existing customers and the increase in those Microsoft's. People are drawn to the latest trends, and top of mind events, so they often based investment decisions on recent market performance, even though the recent past may not be a good indicator of the future. Find out more at a theme dot com. Here's the good news. The class of two thousand nineteen is in line for a pay raise over their class of two thousand eighteen predecessors, here's the bad news. The raise doesn't amount of very much, so why have salaries that have been upward trend for so long suddenly hit the skids? We've got Wall Street Journal reporter Kelsey g with us to explain. So Kelsey, this seems counterintuitive, given the tight labor market, and how we've seen wages move higher over the past year. It's a, it's a good question, and we don't yet have great answers. I think it's still early to tell whether this is some kind of leading indicator that wage growth overall and the American workforce is starting to slow down. But we do know is that pace still rising and so far from the students and school administrators. I've talked to students don't really seem to know the difference most graduates, I think are just happy to be entering into a job market. That's as strong as it is today. But yeah, we've seen a lot of. Significant salary hikes, over the course of the past five or six years. And so it's totally possible. The that's just starting to moderate in some fields are seeing salaries rise more significantly than others. Yeah, exactly. So software developers engineers were coating all day. They really experienced enormous salary hikes, over the course of the past four, five years. We're talking like five or six or seven percent year-over-year gains from already pretty high base salaries for folks were fresh out of school. If you can expect to be making like sixty or eighty or one hundred K right out of school a five percent year year gain is pretty significant, so in jobs like that, that's where we've noticed some of the most significant deceleration celebrations in terms of wage growth, so they're still rising like I said, but it's more like one or two percent. You're over year. And then there are other positions like marketing analysts which are newer jobs, really? That didn't exist in the same form at all five or ten years ago, where gains are still appreciating. So it seems to be slightly different depending on where you look in the economy. It also seems based on the data in your story in the Wall Street Journal that if you're looking for a pay raise significant raise over where the pay was last year head to the bigger cities. There are a lot of big pay hikes in San Francisco, and New York, and some of the other major job hubs as we've known it, but also we're starting to see those slowdowns a bit. I think probably in part because those were the epicenter of the really massive pay packages for new graduates, who may be the right out of college or master's degree program over the course of the past five or ten years, then what's interesting is that graduates are placing emphasis on things in addition to pay it has a lot to do with the cultural ought to do with a guess, the, the social mindset of the management of the companies where they go. Yeah. Funny reminds me a bit of when I was a reporter covering food, and agriculture in our Chicago bureau, where I do this man on the street reporting, and ask consumer that a grocery store, you know, have you noticed that the price of beef or chicken or pork is starting to rise? And for the most part, they would say, no, you know, I really haven't paid close enough attention to tell all of the students and recent graduates that I talked to, you know, weren't really able to notice minute changes in salary offers this year versus last year. But overwhelmingly, they all shared the exact same sentiment, which, is that pay really secondary or even Kirsch area has a consideration behind the culture of the place thoroughgoing for whether the employers values align with their own personal values, and that extends not just to, you know what's the mission statement of the company would also are they doing business in a way or with, you know, business associates partners you know, customers that we think are appropriate for them to be doing business with that seems like a sea-change. Over previous generations. Yeah, it's funny to, to think about how woke twenty two year olds today, but they're extremely woke when it comes to the kind of place that they want to be spending forty or sixty eighty hours a week. First occurrence of the word woke on your money briefing, right there. And we're also seeing changes to where college students go after graduation than not necessarily sting your campus. I think that's just goes to show that the diversity of interests among millennials and generations, e college grads is so wide, I think in the past. There was a little bit more of a straightforward path like you go to school. You study business or you studied biology, or you study English literature and you take one of maybe five different kinds of jobs, you come consultant, or an accountant or, you know, you're going to book publishing students and recent graduates today have such a wide array of types of entrust that they want to pursue. Sometimes it's just like a hobby or passion of theirs. I talked to one student who had been working in the LA county board of soup. Advisor's office just as a like an office administrator and he majored in political science. So you would think that he might wanna go into government or some type of of administrative role but he's always had a passion for intelligence. He grew up watching twenty four and you know, shows like that, and always out to be really, really cool to work for the CIA or you know, working cyber security crimes. And so he got a master's degree and his kind of already pivoting a little bit at twenty five to refine his entrust. Wow. Uh-huh. Fantastic story by Kelsey g in the Wall Street Journal. Check it out and Kelsey is good enough to be here in our studio on your money briefing, Kelsey, thanks for coming in. Thank you so much for having me. And that's your money briefing. I'm Jay Waylon in New York for the Wall Street Journal.

Wall Street Journal Kelsey g FCC New York Jay Waylon reporter Microsoft Amazon CIA Kirsch LA Advisor San Francisco Chicago office administrator consultant accountant ten years
"jay waylon" Discussed on WSJ Minute Briefing

WSJ Minute Briefing

01:50 min | 1 year ago

"jay waylon" Discussed on WSJ Minute Briefing

"Discover Milan Italy with WSJ magazine and into Garay. Join WSJ magazine editors for behind the scenes access in Milan. As you meet the city's most influential taste makers dine at top restaurants. Visit the private villas of lake coamo and much more book. This once in a lifetime trip at integrate dot com slash WSJ magazine or call six four six seven eight zero eight three eight three. I'm Jay Waylon in the newsroom at the Wall Street Journal in New York, the US ambassador to China said Friday near their side. Feels a trade agreement is imminence. He says negotiators need to further narrow the gap in their positions, including enforcement of an eventual deal before somewhat arrangements are made progress made in talks last month led both sides to discuss holding the summit this month. Possibly around March twenty seventh and Florida after Chinese leader Xi Jinping, finishes, a trip to Italy, and France, the US women's national soccer team is suing the US soccer federation, just three months from the start of a women's World Cup in which the American team is the favourite the team alleges female players earn less than their US men's national team peers despite having the same job responsibilities and superior results in Venezuela, suspended classes and work on Friday as the nation deals with the biggest blackout in recent memory raising tensions and a heated. Political crisis. Power outages are common Venezuela amid a collapse of public services, but the current blackout was unprecedented. As a hint almost the entire country at once plunging about thirty million people into darkness for more on these and other stories of the day, go to wsJcom or the WSJ app.

Wall Street Journal US Milan Italy US soccer federation Venezuela Milan lake coamo Jay Waylon Garay Xi Jinping soccer New York Florida China France three months
"jay waylon" Discussed on WSJ Your Money Briefing

WSJ Your Money Briefing

05:09 min | 1 year ago

"jay waylon" Discussed on WSJ Your Money Briefing

"The Wall Street Journal podcast are brought to you by American Express offering eligible card members, flexible funding solutions like business loans that could be a big headline for your business. The powerful backing of American Express don't do business without it. Visit American Express dot com slash business for details. With your money briefing. I'm Jay Waylon at the Wall Street Journal in New York, some of the midterm election results will be jaw-dropping in some will be eye-popping, but investors should view the elections as a sideshow and knowledge them affect their portfolios. We'll tell you why in a moment, I these money and market stories. You should know. Amazon says it is offering free shipping and no minimum purchase on orders. Delivered through the holidays, countering shipping. Deals from rivals target and WalMart, the online retail giant also says it is offering free same day shipping on more than three million items to Amazon prime shoppers as it looks to boost membership and customers who pay one hundred nineteen dollars a year for prime membership already receive free two day shipping with no minimum order in Wall Street is betting on a natural gas winter season shortage that pushed futures prices for natural gas for December of nearly thirty cents. That's the largest one day advance in nearly three years higher power consumption. Extreme temperatures boost natural gas demand in a cold winter last year in hot summer weather have kept US stockpiles nearly twenty percent below their five-year average. The Wall Street Journal podcast are brought to you by trunk club. Trunk clubs personal stylists can help you build a wardrobe of custom and ready to wear clothing for everything from Monday morning meetings to Friday happy hour. Get started at trunk club dot com slash Wall Street. The midterm elections will feature some splashy headlines upsets some recounts, but the Wall Street Journal hurt on the street team says that should not distract investors and columnist Justin lay heart is here to explain. So just in. We're going to see no doubt a market reaction to the mid term results in the market has a scenario baked in Republicans hold the Senate, but the Democrats take the house. Yeah. I think that's what most people expect that's not necessarily what beaked in right? People are always hedging against risk. They're thinking about you know, what? Well, what would be the bad thing that can happen? You know, one bad thing. I think for the market would be for Democrats to sweep not just because that could put more pressure on President Trump, and you know, create sort of, you know, political turmoil. But also because there wasn't enough turmoil already in enough division. Yeah. Yeah. In and there's also concerned that among some investors that there would be more of a chance of increased infrastructure spending. Which would create a deficit problem? And then, you know, also on a on a Republican sweep in maybe equity investors, would like that would probably like that. If there were prospects of some sort of additional tax cut, but in the treasury market, they wouldn't like that they might not like that. Because again, we have this fiscal problem, and you write in your column that investors should treat the elections this year at least as a sideshow because it's shadowed by some real economic forces that have been at work for some time. Yeah, there's not that much. That is gonna really change doesn't seem to be with with the election. So let's just look at what's going on. So we have the unemployment rate is three point seven percent. It's creating, you know wage inflation in the Federal Reserve is raising rates and that is not going to stop, right. The fed is trying to rein in the economy. We have stimulus that's already in place. That is bolstering the economy at some point that's going to fade. That's a concern. Right. But that's. You know, that's another reality of what's going on. Then we have the one political thing that's really affecting markets is the trade situation. But this is not a congressional issue. Right. This is something that Mr. Trump can can and has been doing unilaterally. So how that pans out? How tariffs in in trade disputes with China, you know, eventually work out. You know, if if if they get worse and worse, if there's deterrent. That's not in Congress's, you know, congress doesn't really going to have sand that okay? So labor costs and tariff battles with China, regardless of who has control of whatever chamber of commerce, that's not really going to affect that. Right. And again, this is the, you know, the the thing to remember is this is what investors have been worrying about right? They haven't been talking. The people have been talking a lot about the election. But you don't see the market swinging back and forth because of election ads. Right. It's swinging back and forth because of these other. Concerns? All right. Well, good advice for investors. That's Wall Street Journal hurt on the street columnist. Justin, lay hard with us, Justin. Thanks for being with us. Thank you. And that's your money briefing, im JR Whalen in New York for the Wall Street Journal.

Wall Street Journal Justin New York Mr. Trump American Express Amazon Jay Waylon Federal Reserve US Senate China President WalMart Congress JR Whalen
"jay waylon" Discussed on WSJ Minute Briefing

WSJ Minute Briefing

01:33 min | 1 year ago

"jay waylon" Discussed on WSJ Minute Briefing

"Questioning the administration over tariffs. Senator Elizabeth Warren is questioning the Commerce Department's decision to exclude several Chinese and Japanese owned companies from tariffs on steel and aluminum in a letter to commerce secretary Wilbur Ross Warren asked why the exemptions were granted to subsidiaries of foreign owned companies. Even though the tariffs were put in place to protect American companies earlier this year, the Commerce Department established a process by which companies could seek exclusions some tariffs and Warren points out that fewer than twenty percent of those waivers were granted to US owned companies lion. Air was ordered to suspend its technical director and other personnel pending an investigation into the crash of a new Boeing jetliner into the Java sea that killed one hundred and eighty nine people earlier this week lion Air's technical director will be replaced along technicians and others who had cleared the jets. A fly flight six ten crashed shortly after takeoff on Monday and Wednesday March tenth anniversary of bitcoin Wall Street Journal cyber. Currency. Reporter Paul Vini writes that after a few years as mainly techy project. Bitcoin broke into the mainstream around two thousand thirteen and stories of overnight fortunes were matched by stories of drug traffickers, Ponzi schemer tools for using. It were clunky by the system did work with bitcoin trading under two hundred dollars at the time. A lot of people started experimenting see the full story and follow other news of the day at wsJcom or the WSJ app. I'm Jay Waylon reporting from the newsroom in New York at the Wall Street Journal.

Wall Street Journal Commerce Department Senator Elizabeth Warren Wilbur Ross Warren technical director Warren US Jay Waylon Paul Vini New York Reporter two hundred dollars twenty percent
"jay waylon" Discussed on WSJ Minute Briefing

WSJ Minute Briefing

02:02 min | 1 year ago

"jay waylon" Discussed on WSJ Minute Briefing

"The ruling on the field. We deliver jerseys funny phone fingers and everything you mean for the game, but what you really get the sell much more delivery game day spirit, what we deliver by delivering. The drama over the migrants escalates President Trump on Monday said the US would cut off or substantially reduced foreign aid to El Salvador Tamala and Honduras as a caravan of thousands of Central American migrants continued its journey toward the US in a series of tweets on Monday Trump said he had alerted the US border patrol in the military that the caravan was a national emergency. Meanwhile, the suspense over whichever city Amazon picks for its second headquarters has set off a real estate buying bonanza. Speculators are raising funds to invest in real estate near the winning site wherever that may be or gathering cash commitments so they can buy property immediately after the winner is announced that decision could come by the end of this year. And Uber seems to have designs on launching a fleet of food delivery drones in as little as three years in a job posting Uber's website. The company says it is seeking an operations executive who can help make delivery. Zones functional as soon as next year, commercially operational in multiple markets by twenty twenty one. But after the Wall Street Journal called asking about the job listing over down, saying the posting did not fully reflect the program and that it is still in its early stages for more on these and other stories of the day go to wsj.com or the WSJ app. I'm Jay Waylon reporting from the newsroom in New York at the Wall Street Journal.

Wall Street Journal President Trump US El Salvador Tamala Jay Waylon Amazon wsj.com Honduras executive New York twenty twenty three years