Aired 4 d ago 0:43
24 Hour News | AP News
Government shutdown: Immigration court hearings canceled
From the news
Aired Last week 7:55
Fed Releases Beige Book Ahead of January Meeting
And. With what's news from the Wall Street Journal. I'm Anne Marie for totally New York this week brings anecdotes from businesses on the state of the economy. Wall Street Journal reporter Sara Cheney has the details. I'll be keeping a close eye on Wednesday's Federal Reserve visual reports, which will give us a look at how businesses are responding to terrif- and rising interest rates, but I hear some other top stories. We're following a tight labor market is giving employees more leverage to ask for better pay and benefits. Recruiters and employers say more workers are also getting promotions and switching careers in an economy. That's added jobs for the past ninety nine straight months. The Labor Department also reported that wages have seen their biggest yearly increase in a decade. The number of people quitting their jobs. Also hit a seventeen year high in twenty eighteen. Samsung known for its electron IX recently entered the pharmaceutical market, but the South Korean company says it struggling to make headway against established companies in the US as it faces tough competition from biologic drug makers using rebates and exclusive contracts keep their business. Samsung CEO says it's been an uphill climb. When it comes to the company's biosimilars or cheaper versions of branded biologic drugs. Samsung's also working to convince providers biosimilars work as well as the originals t mobile and AT and T have vowed to stop sharing users real time locations with aggregated by the end of this March the announcements follow a report by tech website motherboard that it paid a bounty hunter three hundred dollars to track down. It's mobile handset by accessing feed the carrier provided to an aggregate her carriers came under fire last year for their partnerships with Gators which have raised concerns over user privacy. The recent arrest of a wa wa. Executive in Poland on charges of conducting espionage on behalf of China could bolster US efforts to dissuade allies from using the telecom giants Queant as companies around the world race to roll out five g the next generation of wireless technology, Wall Street Journal. Reporter stew explains. What happened in Poland helps the US accusation that while way could be an agent of the Chinese government because this is the first time they can point anywhere and say, hey, look, this person arrested in spying charges actually works for ING polish officials said last week that while way itself had not been charged with any wrongdoing. Far away has long denied that. It's a quick -ment has ever been used for spying. Still to come will run down this week's economic calendar. This week brings the producer price index. The Federal Reserve's beige book and the latest data on industrial production. The Wall Street Journal's Sarah Cheney joins us now from Washington with a breakdown of what to look for in the data. Sarah, let's start with the data out on Tuesday. That's the producer price index which could give us some clues about that all important measure inflation, correct? So we have the producer price index for December coming out on Tuesday. And p is we call as a measure of prices that businesses receive for goods and services, and it showed some signs of moderating in November too soon to call complete moderation in this inflation gauge, however, we have seen some signs of other inflation measures like the consumer price index, which is more widely watched moderating on Friday, for instance, actually. Declined zero point one percents and core prices increase your point two percent on the month. And so basically we've seen inflation pressures sort of moderating over the past few months in aggregate, and that has kind of help keep the the Federal Reserve on track for its interest rate plans, and that brings us to the Federal Reserve on Wednesday. We'll see the beige book, which brings anecdotes from businesses in each of the Fed's twelve districts across the nation. That'll give us an on the grounds. Look of the concerns. Fed officials are hearing directly about the economy. Correct. So the most recent beige book report showed that economic growth is pretty good, but uncertain she is rising as terrorists and increasing interest rates are sort of muddying the outlook for this coming year. So several businesses actually in Minneapolis. This or the Minneapolis district told the fed that that they put capital spending plans on hold due to uncertainty and their outlooks, and there are several other references to uncertainty and the previous beige book, primarily stemming from tariffs and interest rate increases. So it will be interesting to see how businesses have fared over the past month or so since that last report and to that point we'll also hear from some fed presidents throughout the week. The fed did signal at its last meeting that it has more flexibility to slow the pace of rate hikes this year. But a lot's happened since the Fed's last meaning what have we been hearing from fed officials so far in the new year. Fed officials have really weighed the groundwork to take a break from raising short-term interest rates in the coming months. There's some uncertainty or how many times they will raise interest rates. In twenty nineteen as a whole, and that stems from a lot of different reasons, there's this question of whether the the economy is sort of hitting turning point. And if the US economy takes a greater hit from economic weakness abroad, and from market volatility than it is now that the data are now showing then the fed really wants to have the flexibility in terms of its interest rate plans. Finally, let's talk about a major factor. That's been complicating the Fed's efforts to look closely at the economic data so far this year. And that's the partial government shutdown that has delayed or cancelled the release of many reports so far this month. You wrote about this for the Wall Street Journal last weekend. Also spoke about it on our podcast. Tell us about some of the important gauges that the fed has missed so far this year, and how that's complicating efforts to get a clearer picture of the economy. So so far fortunately in terms. Of the reports economic reports that have not been published due to the partial government shutdown. They're not quite as closely watched by the Federal Reserve as say, the Labor Department stops reports that was recently published and also the GDP report that is still slated to publish at the end of the month. And so in terms of reports, they have missed we have missed the factory orders report, which provides some insight into the manufacturing sector. We've also missed the international trade report, which is important it's important from a policy perspective. And so the international trade reports gives us insight into what's happening with the trade deficit, and it's been it's been widening. And we've also missed numbers on construction spending as well. That's Wall Street Journal reporter Sara Cheney joining us from Washington. Thank you so much, Sarah. Thank you. And that's what's news. I'm Anne Marie for totally in New York for the Wall Street Journal.
WSJ What's News
Aired 2 months ago 2:00
AP One Minute Headlines Nov 02 2018 09:00 (EDT)
Choosing an energy company raises many questions who can make by Elec trista, natural gas, work smarter. Where can I find a company that's easy to do business with who knows the market best has options to fit my needs. The millions of homes and businesses. There is one answer constellation decades of market intelligence and proven solutions at trusting energy leader energy, efficient, simple inciteful and flexible, that's what makes constellation America's energy choice. Learn more constellation dot com slash energy. I'm Rita Foley. With an AP news at the October jobs report didn't come out until this morning. But last night, President Trump said this about the economy, probably the greatest economy in the history of our nation this morning. The Labor Department says employers added an eye popping number of jobs last month. Bill Adams, the senior economist with PNC financial services group. Labor market is in excellent shape. Two hundred fifty thousand jobs added on the month in October, partly. Flex rebound from hurricanes Florence of but of on a longer term perspective we've seen a pickup in job growth so far in two thousand eighteen the unemployment rate remains at a low three point seven percent. There are signs that pay is picking up to a measure of wages and salaries rose three point one percent in third quarter from a year earlier the best showing in a decade and experts say so far inflation remains in check too. I'm Rita Foley. I not the cut you a the to Embu lag lag. Of that in this. Hey, we hit. We've. We've been Alexa, play Arianna 'Grande. Okay. With Amazon music of voices. All you need get tens of millions of songs. Download the Amazon music app today.
AP Radio News
Aired 2 months ago 1:00
AP One Minute Headlines Nov 02 2018 18:00 (EDT)
Trump and Obama campaigning. I'm Tim Maguire, the AP news minute, President Trump is focused on immigration migrant caravans, even as his adviser say he should tout the Labor Department's report of an additional two hundred fifty thousand new jobs last month. They all say speak about the economy speak about the economy. Well, we have the greatest economy and the history of our country. But sometimes it's not as exciting. Trump also telling the crowd in West Virginia, he will take a hard line when it comes to migrate caravans intending to reach the US border with Mexico. He is campaigning in Indianapolis tonight. In south Florida law campaigning for democrat, Andrew gillum, who's running for governor former President Barack Obama ask a crowd about anger among Republican voters. The folks that won the last election are so mad all the time. The bomber who later campaigns this evening in Atlanta tells the Miami crowd to turn away from politics based on division. I'm Tim Maguire.
AP Radio News