20 Burst results for "Neil Cash"
"neil cash" Discussed on Bloomberg Radio New York
"To tap that reserve get the prices down and then we have to embark on a full-time campaign to get us away from carbon fuels altogether Chuck Schumer made the comments at a news conference saying consumers need immediate relief at the gas pump No always rising gas prices are contributing to higher cost Karen There's more to the big picture treasury secretary Janet Yellen says controlling COVID is the key to easing inflation The pandemic has been calling the shots for the economy and for inflation And if we want to get inflation down I think continuing to make progress against the pandemic is the most important thing we can do Janet Yellen says she still expects inflation to decline by the second half of next year Meantime the Federal Reserve should not overreact to last week's elevated inflation reading That's according to Minneapolis fed president Neil cash Kari who still says higher prices are likely temporary The demand side and the supply side are going to take some time to work out But it's important from the fed's perspective that we don't set long-term monetary policy and adjust too much based on temporary factors even if those temporary factors take a little bit longer than we expect Both Neil cash curry and Janet Yellen made their comments on face the nation from CBS heard Sundays on Bloomberg radio Higher inflation is taking a toll on President Biden's approval rating to Nathan the latest Washington Post ABC News poll has them at a new record low 70% rate the economy negatively including 38% who say it is in poor condition About half of Americans overall blame the president for fast rising inflation his lower approval rating is driven largely by more negative use from Democrats and independents When it comes to markets Karen best to stay away from U.S. stocks and bonds next year That's according to Morgan Stanley's strategy team which advises to seek out better returns in Europe and Japan They see fading monetary support and high valuations holding back U.S. assets in 2022 even as growth improves and inflation moderates Morgan Stanley predicts the S&P 500 finishing next year at 4400 That's about 6% below current levels Turning to the global economy now Nathan data out of Beijing is garnering attention China's economy performed better than expected in October as retail sales climbed and energy shortages eased Bloomberg daybreak Asia anchor Brian Curtis has more from Hong Kong The data offset a slump in property Industrial output rose 3.5% in October from a year earlier and retail sales growth accelerated to 4.9% beating forecasts Now the crackdown on property has slowed lending to his sector that accounts for a quarter of GDP Home prices fell a quarter of a percent in October from the previous month And that was a bigger decline than in September Now Bloomberg economics says the data offers some assurances that the economy is not sliding deeper into a rut Still no sign yet of a turnaround Brian Curtis Bloomberg daybreak Thank you Brian Back here in the U.S. a war of words is brewing between billionaire Elon Musk and senator Bernie Sanders and it all stems from calls to hike taxes on the rich Let's get the latest live from Bloomberg's ranita Yang Good morning Good morning Nathan Elon Musk spent much of his weekend sparring with senator Bernie Sanders on Twitter Sanders repeated his call for the ultra rich to pay more tax and Musk responded by saying quote I keep forgetting that you're still alive Musk also wrote to Sanders quote want me to sell more stock Bernie just say the word The Tesla CEO's fortune has made him a target for supporters of a wealth tax Musk offloaded almost $7 billion worth of Tesla stock over the past.
"neil cash" Discussed on Bloomberg Radio New York
"In Sydney I'm Paul Allen And I'm Brian Curtis We're looking at gains here pretty much across the region with hanging index opening four tenths of a percent higher very modest gains in China with the main index there the CSI 300 up about two tenths of a percent We're seeing some solid gains elsewhere Doug Krista will bring you up to date and all the latest on that in a few moments Paul the head of the Minneapolis fed Neil cash carrier says the fed shouldn't overreact to elevated inflation He said higher prices are likely to prove temporary Here is cash carry on CBS face the nation I think both of these things the demand side and the supply side are going to take some time to work out But it's important from the fed's perspective that we don't set long-term monetary policy and adjust too much based on temporary factors even if those temporary factors take a little bit longer than we expect That is Minneapolis Faye president Neil kashgar He was hit here on Bloomberg And kashkari was asked about President Biden's pending decision on whether to reappoint fed chair Jay pal to another term kashkari said both pal and fed governor brainard are capable and would likely pursue similar monetary policies Boeing is optimistic It will soon be logging Chinese orders and deliveries on its 7 37 max Let's get the story from Bloomberg susannah Palmer The civil aviation administration of China the country's regulator signaled it is close to ending a more than two and a half year grounding of the 7 37 max The regulator posted a request last week for comment about the proposed changes and fixes to the jet in order for it to return China was the first nation to ground the max acting within hours of a second fatal crash in Ethiopia in March of 2019 and hasn't allowed it to fly since That halted deliveries to Boeing's largest overseas market Susanna Palmer Bloomberg daybreak Asia Soon China has raised about $953 million as it sold 335 million shares at a price of $15 Hong Kong 18 cents each raising about 653 million Another 300 million came.
"neil cash" Discussed on Bloomberg Radio New York
"Washington football team with a huge home win knocking off the defending Super Bowl champion Tampa Bay Buccaneers 29 to 19 although Washington may have lost pass rush or chase him for the rest of the season with a possible torn ACL suffered halfway through the second quarter Elsewhere buffalo dominates the jets 45 to 17 as a bill's intercept Mike white four times Meanwhile the Patriots beat up on the browns 45 to 7 as Matt Jones throws for three touchdowns while the cowboys demolish the falcons 43 to three Good AFC west matchup on Sunday Night football as a 5 and three Las Vegas Raiders are hosting the 5 and four Kansas City Chiefs Vegas is coming up Austin New York Giants while Kansas City has won two in a row knocking off the Giants in the packers I'm Dan Schwartzman that your Bloomberg world sports outdate Markets headlines and breaking news 24 hours a day As Bloomberg dot com the Bloomberg business at and at Bloomberg quick take He's a Bloomberg business lash The central issue for markets these days are rising rate of inflation and the degree to which it may impact monetary policy Today we heard from the head of the Minneapolis fed bank Neil cash Carrie he was saying the fed should not overreact to elevated inflation He told CBS face the nation higher prices will likely prove temporary We also heard from treasury secretary Yellen saying controlling COVID-19 is the key to reining in surging prices Oil markets right now pushing higher the key to this debate in the oil patches whether the Biden administration may tap the strategic petroleum reserves as a way of bringing down fuel prices today Senate majority leader Schumer said he wants the president to approve sales from the SPR Right now WTI 81 12 in the electronic session.
"neil cash" Discussed on Boston Public Radio Podcast
"In this country on your. Let's talk about this. How the fed intentionally or otherwise. We'll get your thoughts on that in a minute. has exacerbated the Wealth inequality situation. Let me play for. Here's james pressing neil cash. Who's president of the minneapolis fed on whether the federal reserve has played a role in widening. The gap we're just talking about this wealth gap in this country one of the things that we have seen in this country as a widening wealth gap. The question is what role if any the fed has played in widening that wealth gap well. This is a great point. And i'm glad you raised it. Most people who make this argument ignore the fact that for many americans. They don't own a house. They don't own stocks they don't have a 401k. The most valuable asset they have is their job so by putting people back to work and helping to boost their wages we are actually making their most asset more valuable well. An under the effects of lisa's presented near documentaries suggests that the cash carry is not looking at the whole picture that he's ignoring part of a two. How has the fed exacerbated this wealth gap. I mean what the fed has been doing by keeping rates low for such a long period of time has pushed people into the stock market which has raised the price in the stock market. So anyone who owns assets Whether they be stocks or oems has benefited tremendously. And we know that. There's you know the the the wealthy owner disproportionate amount of the assets in this country. So what they've done in a sense of boosted the wealth of the already wealthy. And i think that that's somewhat undeniable and. It's a question that i think makes the fed uncomfortable because You know they have a number of answers that they traditionally give cashkaro argument. Is that what they're really focused on. Job creation and that that is the biggest asset for someone who doesn't own assets. But you know you kind of can't deny that the growth inequality over the past twelve years and if you think about you know there's a lot of things that contribute to that but But the the experiment. The fed has been running as one of the biggest changes that has happened over the twelfth. That the past twelve years was that it seems to me from learning what i hope i did from your film is. It's not just what the fed does but it's the the beneficiaries of the fed's largesse. What they do. I mean you talk about on one hand in the old days you know. A these entities got money. They borrowed to invest. They hired new people and instead what we end up. I'd love your line. That essentially when government bails you out risk taking his rewarded in you described it as a no lose casino so despite cash carries compassion defense. These are really smart people and they've got to know that even if step one is the right step. What's being done after step. One is the wrong step. No yeah that's that's actually perfectly put. I mean what's what the best way to think about institution like said is is is that it's in a bind which is that of course when kobe hits and the financial system is teetering on the brink of disaster. And we already have this. Unprecedented lockdown hitting us..
"neil cash" Discussed on Newsradio 600 KOGO
"Establishment insiders group of five guys they want to hijack the recall from all the grassroots volunteers that have done so great work for the past nine months. Want to hijack that process and anoint a candidate and shove that candidate down our throats from a back room deal. That candidate that there were supporting is obviously Kevin Faulkner. The grassroots, of course, are not going to be excited about Kevin Faulconer. They wanted open process to select a better candidate. Joining me on the day. My report is Steve Frank, he's running for chairman of the California Republican Party. He also joined me today in speaking out against this absurd rule change that would give five individuals The ability to anoint a replacement candidate in the recall, Steve, Thanks for stopping by, So thank you for having me Steve. Let's let's walk through this real quick. Um How bad is the corruption or how out of touch is current leadership at the party for them to think that they can actually get by with this and that the voters are gonna accept this. They believe no one cares enough to speak out that the or that those who opposed them or disorganized without a voice and are individuals that are just as Hillary Clinton would cause Deplorables. They don't care what we think They are the establishment. They know what the truth is, and we're too dumb to follow them. Well, we've already followed them. In the last several elections. We went with their milk toast candidates like Meg Whitman. And we got burned because they basically spent their entire campaign apologizing for being a Republican and taking Democrat positions and saying, See, I'm not that bad. You're right. They supported with them Who, into 16 and 2 20 was on the National Finance Committee for Hillary Clinton. Yeah, to 14. The same people supported Neil Cash. Cary, who had been a Obama donor and voter ah, few years before. That's the type of candidate they like somebody that doesn't really hold two Republican or conservative values and principles. They like somebody that could sit down with the Democrats say you're right and let's call it a compromise. So, Steve, you're running for party chairman. And it really is an uphill battle. Because of these 1400 plus delegates and again again, I'm one of them. You're one of them. There are a lot of these delegates that are appointed directly by elected officials. Who are go along, get along, and they basically are told by party leadership. You're not allowed to appoint people who you know you just like you need to appoint people who are gonna do exactly what we say and vote exactly the way we tell him to, rather than actually judging each issue on the merits and and voting their conscience. And this is going to be working against them in the next election and elections following that, because what that was occurred is the leadership of the party said to them. You. You're going to have a tough re election. We have redistricting facing us, and you want us fully on board your candidacy, and the only way that happens is if you follow us. Into the precipice of endorsing a candidate for governor before the filing even opens before we have the name of all the candidates that are going to run for governor, I've not made my choice and his chair. I will not try to tell you as a delegate who just support I'll allow you along with 1400. 29 other delegates to make that decision is special convention and let the delegates make that decision. But under the proposed rule change, they're going toe limit that to either the executive committee making that decision off which 50% are appointed by the chair, the board of directors. Of which a quorum could be as well was seven to endorse a candidate for governor or when the gavel goes down. If she was to win Once the gavel goes down on Sunday, she could literally announce That she's endorsing Kevin Faulconer for governor. Will she be Eddie could actually share you? Would they? Yeah, she she being the current incumbent party chair Jessica Patterson on DSA. Oh, as if you win as chair. You are pledging here and now not to allow a back room deal to anoint a gubernatorial candidate. You will have this open process as the bylaws currently stipulates. As chair. I will hold a special convention at the end of March for all the delegates and were forced to do a ballad Ah zoom type of meeting. Ballots will not be Elektronik Lee collected there will be paper ballots instead with a system of privacy for every ballot. But every every delegate will be given the opportunity to make their choice as to whom they want the governor. All right. Steve Frank, candidate for the only other candidate besides the incumbent, Jessica Patterson, running for chair of the California Republican Party, Appreciate you stopping by On also appreciate you joining in this effort to stop this by laws change at the party coming up. I have a I have an idea on what Republicans ought to do to select their candidate for the recall. And the replacement section of that ballot. It's all about rebuilding the party. Shouldn't we turn this into an opportunity to rebuild and bring people into our coalition to run an idea by you coming up on the two mile report and hope to have your support first traffic from the helpful San Diego 100 dealers Traffic Center West eight, still jammed up from about the 67 of towards Severin with a crash working in the right lane there before the 1 25. You got the North 15 still tight from Rainbow Valley up into the to make you a valley and north five altogether better by the minute, but it's still a bit sluggish through Antoninus from Solano Beach. My Kankaku goes, there's real time traffic, updating.
Fed Leaves Interest Rates Unchanged
"It's been a rough ride for US stock indexes since the Fed's announcement on Wednesday that it had decided to leave interest rates unchanged, and of course, it was followed up by a Powell press conference. In the last three days, the Nasdaq composite is down by just under four and a half percent s and p five, hundred down almost two and a half percent Dow Jones holding up better down about one percent clearly. What was weighing down the SNP and not so much. The Dow are the tech stocks. They're really dominant in the NASDAQ. That's why it's down the most what people are blaming the sell off on is the fact that the Fed was not dovish enough if you can believe that first of all, what are those statements that the Fed did make is they intend to leave interest rates at zero throughout at least twenty, twenty three. Now, I'm not really sure if that means that maybe they're going to start raising them in twenty twenty three or they'll leave him at zero through the end of twenty, twenty three and they're not going to start raising them until twenty twenty four but whatever it is, it's a pretty solid commitment to leave rates at zero. I don't think the Federal Reserve at any point in time following the OH eight financial crisis made a commitment that solid right to leave rates for so low for so long, but I'm not the only one. That saying that this wasn't enough I mean even Neil Cash Gary came out today I was reading an article he wrote and he says that the Fed's commitment not to raise rates wasn't strong enough now I don't know what he's talking about I mean how much stronger could they have made it I mean could he added a few more not even thinking about thinking about it's pretty clear. The feds not to raise raise but maybe cash carey wants a more definitive statement that like we're not going to raise rates. No matter what. In his article that he wrote a kind of saying that the Fed's commitment to not raise rates wasn't strong enough what he did say though was that you know if we are surprised by unexpected heating up of inflation, he said, well, you know that's an easy problem for the Fed to solve a really a unexpected heating up. In is an easy problem to solve how exactly is the Fed going to solve and unexpected heating up of inflation? Well, it only has one tool, right monetary policy. All it can do is raise interest rates and shrink. It's balance sheet. It can sell treasuries and reduce the money supply which has been growing dramatically although the balance sheet his condiments stuck right around seven trillion So that hasn't really been moving I. Think we're getting ready for another big jump in that balance sheet though. But. How's the Fed? GonNa get a fight inflation. How was that an easy problem to solve? It's an impossible problem to solve which is why the Fed isn't even going to try. I. Mean It's amazing of Kashkari actually thinks that it will be a simple thing to reign in an unexpected heating up of inflation when that would require much bigger rate hikes mean the reason that cash. Carey wants to make sure the market knows that rates are going to stay zero indefinitely is because he knows how important these artificially low interest rates are to prop up the bubbles in the economy. Well, if he knows how important it is to keep these bubbles from deflating, how can he believe it's going to be so simple to raise interest rates if inflation picks up without pricking. The bubble. So the whole thing is ridiculous but as I said on one of my prior podcast about the market I think that the Fed is going to have to deliver a much larger dose of monetary stimulus because whatever stimulus has already been telegraphed to the market is already baked in. So now they need more rate the drug addicts need an even larger dose of this monetary. Heroin, they need shock and awe at this time. So in that respect cash carriers right that in order to get the markets to go up to fed has to bring more to the party as far as more money printing another round of Qe, a massive commitment to print money and to keep interest rates at zero but we're cash carriers. Wrong is the ability of the Fed to actually. Put out the inflation fire if it really starts to rage, it can't, and basically what cash gary really wants the Fed to say without actually saying it because he understands the ramifications is that we are going to keep interest rates at zero. No matter what happens to inflation no matter how high inflation goes we're going to stay at zero see that's really what he wants, and in fact, that's what. The Fed is going to do whether they wanNA, come out and say it or not. You have to read between the lines. They can't raise interest rates because they'll prick the very bubble that they deny exists and the reason they're keeping them zero. The reason they're saying that they're never going to raise them is because they understand this and so they're trying to thread this needle right without breaking the bubble. and. So when He comes out with these comments. He's clearly lying in fact, the one thing about the bubble. Is that nobody at the Fed wants to acknowledge its existence in fact at the press conference that? Followed up on the decision to leave rates zero. What are the most ridiculous comments that Powell made? Is His denial that there was a bubble because somebody asked him and I don't remember who? But one of the reporters at this press conference asked Powell if he was worried. About this easy monetary policy about his commitment to keep the rates at zero till twenty, twenty, three, twenty, twenty, four. If this risked creating bubbles in the financial markets
"neil cash" Discussed on KLIF 570 AM
"In 2005 led to the election of six officials in Birmingham, England, and there's a huge history of fraud in Mexico. But no, no, no, no, nothing to worry about. Nothing to see here. It's just the president being crazy on Twitter and let's let's move along. 855 400 Savage Get you onboard the program 855 400 Savage in urine onto cova. Dr Fauci Back in the news, Dr Fauci. So say we don't have to walk down again. Okay? I thought I was going to tell me to wear goggles and a fez hat and tap shoes because we're always adding something to the uniforms to avoid. The Corona virus. But now he says that we can avoid having another extended shutdown to control the virus. I like that idea of tap shoes. What if everybody was wearing tap shoes? Put a little smile on your face on? I don't think that'd be good. Americans if you just follow the basic health safety measures. You don't lock down again. So saying, Look, if you do the washing your hands and wearing the mask when you need to, and social distancing and those kind of things you don't need to lock down again. Well, good. I hope everybody's listening, but know this will be the time that they don't listen to Dr Fauci. Because You gotta listen to Neil Cash. Karrie, president of the Minneapolis Federal Reserve back he was interviewed on Cbsface the nation right? And he said the best way to control the virus in the U. S. Ah, hard lock down. Hard luck, but we did a hard lock down. Well, we did a kind of heart. We did a a soft locked out. We got a hard log down where we're supposed to be 15 days to stop the spread or slow the spread really cause you can't stop it because as soon as you open up again, it's going to start again. This what we talked about on the show. Months ago. She listen, I understand. We want to slow it down enough so that we can quote Bend the curve so that we don't overwhelm the hospitals. We've got to make sure that we have time for that. We've got to increase our testing. Great. We've done all that. Well, well, well, You need to do it again. Then. Then what? And then you started all over again, And in the meantime, more business or closing, more people have lost their jobs. The economy is in a shambles. There's more mental health issues. No way. I've got a ton of stories about the mental physical health of the unintended consequences of the lock down for Corona virus, But no, no. I mean, if we were to lock down really hard, I know he'd even suggested people will be frustrated by it. But if we were to lock down hard for a month or six weeks A month or six waits. We could get the case count down. So are testing in our contract. Tracing was actually enough to control it the way it's happening in the Northeast. Right now, they had a rocky start, but they're doing a pretty good job right now know the reason that it's slowed down in the Northeast is everybody already got sick and died. I mean, let's be on. We're talking about 567 times higher death rate per capita than anywhere else in the United States. In New York, New Jersey, Connecticut, But now we're being told it's because they did it the right way. Are you kidding? No, this is nonsense. Nonsense, And yet they keep just pumping out the nonsense. At least we have a couple of honest people. Dr. Robert Redfield, director of the CDC. You saw this right? He admitted that hospitals get reimbursed Mohr from the government. When one of their patients who dies Is listed as a covert 19 patient. So, yes, there's an incentive to say this person died from Cove in 19 even if they didn't even if that wasn't the main reason for death. I mean, I'm sure most people don't do it. But there is an incentive. One of the people that was listed. As dead from Cove in 19 had a gunshot to the head. I can't make this stuff up. There was the one in Orlando. Remember, the doctor came out and admitted that the guy was in a motorcycle accident. Like I mean, really messed up from the motorcycle accident. That's what killed him. But he also had Cove in 19. And who are we to say that Cove in 19 didn't cause them to have accidents. I can't make this stuff up. That's what they're saying. So we don't even know how honest these numbers are that that's what's getting so frustrating. I can't trust my media. I can't even trust my hospitals. I can't trust some of these doctors because they want to be on the cover of InStyle magazine and threw out the first pitch at the Nationals game instead of actually doing their job. I don't know who I can trust. And so I've got to read as much as I can and try and sift through and try and see if I can find some kind of nuggets of truth in there. And then we've got these power hungry mayors and governors. You see, the L. A mayor is ordering the department of water and power to shut off. Lights and water two houses that hose host big parties. No. I thought maybe you need to pass a law before he could do something like that, and I I don't understand how that could possibly be legal. I mean, wouldn't when there there are certain cities that you can't shut off somebody's power, even if they don't pay the bill. I mean, you've got to go there first to make sure that they don't really need the power, You know. I mean, they might have a ventilator or something. You turn that off, They die. But if they're having a party, you just go ahead and turn it off. So are we. Passing laws were just making decrees. We got a little audio this to give you just kind of a sample of what these people are doing and how far they're going. I mean, Here it is. Cut. 10 please. Thie Mayor Garcetti on what they're going to do. If you have a big party, these large parties are unsafe and can cost Angelenos their lives. That is why tonight I am authorizing the city to shut off Los Angeles Department of Water and Power Service in the egregious cases in which houses, businesses and other venues. Are hosting unpermitted large gatherings. Starting on Friday night. If the LAPD responds and verifies that a large gathering is occurring at a property and we see these.
"neil cash" Discussed on Bloomberg Radio New York
"Less on administration and the headaches. For more information about Jewish communal fund. Visit our website at J. C f n y dot or GE and Request a new fund kid. Global news 24 hours a day on air and a tick tuck on Twitter. Howard by more than 2700 journalists and analysts in over 120 countries, thinks he's Bloomberg Radio. Now a global news update. Neil Cash carry. The president of the Minneapolis Federal Reserve Bank, says the government needs to provide a new stimulus package for displaced workers. And he says the economy may benefit from a total lock down. Business correspondent Judea Chatterley reports millions of workers who were in dire shape without enhanced relief. Around 30 million Americans collecting some form of benefit job openings in the United States around 5.5 1,000,000. So we've got 345 potentially times people out of work than there are jobs available. Talks resume in Washington today to try to find agreement on a new stimulus. The CDC warns 19,000 more Americans could die from the Corona virus in the next 20 days. Tropical story ideas his forecast to strengthen into hurricane again and reached the Carolinas sometime tonight on Wall Street in the opening minutes, Dow off 120 points. Hi, Mike Morse. You need more than a sound bite. You need someone who could talk to everyone Give us a sense of what.
"neil cash" Discussed on AP News
"Tuning in but needing to tune out a new study looks at our consumption of corona virus related news many of us are stuck at home because of the corona virus outbreak and that makes this a captive audience for news coverage about the pandemic but a study by the pew research center says an increasing number of us want or even need to break away from coverage the study was done late last month it says eighty eight percent of Americans surveyed described themselves as following Corbett nineteen news either very closely or fairly closely at the same time the survey says seventy one percent say they need to take a break from the news either to watch or do something else some of been monitoring reports about the pandemic report higher stress levels and needing to have a reason to relax or even have a laugh instead one woman says she suffered from coded nineteen overload and even had a full blown anxiety attack before deciding to wean herself from corona virus coverage I'm Oscar wells Gabriel so move been monitoring reports about the pandemic report higher stress levels and needing to have a reason to relax or even have a laugh instead one woman says she suffered from Kobe in nineteen overload and even had a full blown anxiety attack before deciding to wean herself from corona virus coverage coronavirus update I read a Foley with an A. P. news minute more than thirty three million Americans have lost their jobs in the past seven weeks some of president trump's top economic advisers are stressing the importance of states getting more businesses and offices to open during the pandemic Neil cash carry the president of the federal reserve in Minneapolis tells ABC's this week it's really around twenty three twenty four percent of people right now who are out of work today and if this is a gradual recovery the way I think it's going to be those folks are gonna need more help the coronavirus has made its way to the White House complex where at least three members of the administration's task force are now in self quarantine AP Washington correspondent Sager Madani has that CDC director Robert Redfield FDA commissioner Steven Hahn in Dr Anthony Fauci who's office says he's teleworking but willing to go to the White House if called I'm Rita folate thank.
"neil cash" Discussed on AP News
"Ning N. but needing to tune out a new study looks at our consumption of corona virus related news many of us are stuck at home because of the corona virus outbreak and that makes this a captive audience for news coverage about the pandemic but a study by the pew research center says an increasing number of us want or even need to break away from coverage the study was done late last month it says eighty eight percent of Americans surveyed described themselves as following Corbett nineteen news either very closely or fairly closely at the same time the survey says seventy one percent say they need to take a break from the news either to watch or do something else some of been monitoring reports about the pandemic report higher stress levels and needing to have a reason to relax or even have a laugh instead one woman says she suffered from Kobe in nineteen overload and even had a full blown anxiety attack before deciding to wean herself from corona virus coverage I'm Oscar wells Gabriel so move been monitoring reports about the pandemic report higher stress levels and needing to have a reason to relax or even have a laugh instead one woman says she suffered from Kobe in nineteen overload and even had a full blown anxiety attack before deciding to wean herself from corona virus coverage coronavirus update I'm Rita Foley with an A. P. news minute more than thirty three million Americans have lost their jobs in the past seven weeks some of president trump's top economic advisers are stressing the importance of states getting more businesses and offices to open during the pandemic Neil cash carry the president of the federal reserve in Minneapolis tells ABC's this week it's really around twenty three twenty four percent of people right now who are out of work today and if this is a gradual recovery the way I think it's going to be those folks are gonna need more help the coronavirus has made its way to the White House complex where at least three members of the administration's task force are now in self quarantine AP Washington correspondent Sager Madani has that CDC director Robert Redfield FDA commissioner Steven Han and Dr Anthony Fauci who's office says he's teleworking but willing to go to the White House if called I'm Rita folate thank.
"neil cash" Discussed on AP News
"Tuning in but needing to tune out a new study looks at our consumption of corona virus related news many of us are stuck at home because of the corona virus outbreak and that makes this a captive audience for news coverage about the pandemic but a study by the pew research center says an increasing number of us want or even need to break away from coverage the study was done late last month it says eighty eight percent of Americans surveyed described themselves as following Corbett nineteen news either very closely or fairly closely at the same time the survey says seventy one percent say they need to take a break from the news either to watch or do something else some of been monitoring reports about the pandemic report higher stress levels and needing to have a reason to relax or even have a laugh instead one woman says she suffered from coded nineteen overload and even had a full blown anxiety attack before deciding to wean herself from corona virus coverage I'm Oscar wells Gabriel some of been monitoring reports about the pandemic report higher stress levels and needing to have a reason to relax or even have a laugh instead one woman says she suffered from coded nineteen overload and even had a full blown anxiety attack before deciding to wean herself from corona virus coverage coronavirus update I read a Foley with an A. P. news minute more than thirty three million Americans have lost their jobs in the past seven weeks some of president trump's top economic advisers are stressing the importance of states getting more businesses and offices to open during the pandemic Neil cash carry the president of the federal reserve in Minneapolis tells ABC's this week it's really around twenty three twenty four percent of people right now who are out of work today and if this is a gradual recovery the way I think it's going to be those folks are gonna need more help the coronavirus has made its way to the White House complex where at least three members of the administration's task force are now in self quarantine AP Washington correspondent Sager Madani has that CDC director Robert Redfield FDA commissioner Steven Hahn in Dr Anthony Fauci who's office says he's teleworking but willing to go to the White House if called I'm Rita folate thank.
Will Infinite Money Save the Economy?
"We'll Infinite Money Save the economy governments and central banks around the world are working on measures to combat the economic recession the contraction really. This shutdown of the economy related to the pandemic social distancing is causing people rightfully so to stay home. Jobs will be lost. Businesses will be hurt and are being hurt and it is the responsibility of the Federal Reserve in US and other central banks around the world to be the lender of last resort and for federal governments to step up and provide stimulus and emergency relief to households and businesses. Now there's a great deal of discussion with regard to how that relief should be delivered in this episode. We're going to look at some of the things that the Federal Reserve has announced and it appears the US government will announce some recording this on Tuesday march twenty fourth if not passed final emergency relief bill yet but we have some indication of what it will contain and we WANNA look at perhaps some unintended consequences namely the potential for inflation given the level of stimulus. It is a challenging thing for politicians in central banks are now. I do not envy their situation. But we'll see and discuss it and is there anything we can do to protect ourselves in case things don't necessarily go as planned last Sunday on sixty minutes news program. Scott pelley interviewed. Neil cash. Cari he is the president of the Federal Reserve Bank of Minneapolis. He's the former assistant treasury secretary. He's a member of the Federal Reserve Open Market Committee so he is in the room when the Federal Reserve is discussing. What should be done in the interview? Cash Cari mentioned. There was a huge demand for cash dollar bills by businesses and he says the Federal Reserve and as a member of the FM OC. We will absolutely meet those demands for cash withdrawals pelley asked him will the reserve. Just print money Kashkari response. That is literally what Congress has told us to do. That is the authority they have given us to print money and provide liquidity into the financial system we create it electronically and we can also print it with the Treasury Department he mentioned. How are stresses in the Bond Market? Bet It is freezing. Up companies are having difficulty borrowing money to fund their operations and we've also seen a lack of liquidity in bonds. There are too many sellers and not enough willing buyers. Liquidity is the ability to buy or sell an asset without impacting. It's price if there's a huge demand to sell a security and there's not enough willing buyers and the price drops so when cash Cari says the Federal Reserve will provide liquidity to the financial system. Sometimes called injecting the quickey. That means they're buying. The Federal Reserve is buying assets in order to provide a bid so that they don't fall further EM- price.
"neil cash" Discussed on Bloomberg Radio New York
"Leader of the democratic leader just to was to prevent us from voting right after the markets open in the morning and allow the markets would be rattled until noon both chambers of Congress disagree on how to spend nearly two trillion dollars in stimulus McConnell still pushing to get the bill passed by today with another vote this morning well maintained the National Guard is ramping up its fight to contain the outbreak the federal government will be funding one hundred percent of the cost of deploying National Guard units to carry out approved missions president trump is deploying more than seven thousand troops to aid New York California and Washington so far there's been a backlog in testing for the virus vice president Mike pence says that should be resolved by mid week at this days reporting two hundred and fifty four thousand Americans have been tested and receive results in corona virus test with a slightly more than than thirty thousand actually testing positive more Americans are being isolated this week nonessential employees in eight states are now required to stay at home as U. S. deaths climbed to four hundred in the economic fallout could be dramatic with nearly a third of Americans out of work that's according to St Louis fed president Jim Bullard who spoke exclusively with Bloomberg's Steve Matthews via phone today home or anything thirty percent of the labor force could be unemployed in the second quarter he also predicts a fifty percent drop in second quarter GDP he says everything is on the table when it comes to the fence supporting the economy and the markets Neil cash cari is also painting a grim outlook for the economy my base case scenario is we will at least have a mild recession like after nine eleven the worst case would be we have a deep recession like the two thousand eight financial crisis we just don't know right now speaking with us sixty minutes on CBS the Minneapolis fed president says the central bank still has plenty of ammunition to avoid the worst outcome we're moving much faster than we moved in two thousand eight we're being more aggressive is there more we can do yes is there more we may end up doing yes but I think we're being very aggressive.
"neil cash" Discussed on The Peter Schiff Show Podcast
"And bitcoin? All this is true but you know what if Bitcoin goes from seventy one hundred all the way down to one hundred right bitcoin. It goes down to one hundred all that is true. bitcoin still would've outperform gold if bitcoin is at one hundred in a couple years even if gold is that's five thousand. bitcoin still beat gold. Is that going to matter. Is that GONNA matter to anybody. How many people are still going to have a gain? Would Bitcoin is at one hundred all right all this nonsense. It doesn't matter about how high bitcoin went in the past. In fact if anything if these people oh had some more brains than less greed they would look at how much bitcoin is already gone up and realize that the party's over. The money has already been made. Who Do they think is dumping into these pumps right? The people that got in at much lower prices earlier on why are they cashing out. Because they want real money right. They don't believe leave this pie-in-the-sky nonsense they're not holders right. They're they're eating lunch or the holders right. These guys are like the frogs that are being boiled slowly. We will you know all of this positive hype that comes out every day. This guy nonsense is designed to keep the wholesalers on board So that other people can get out because you can't sell unless you have a buyer and so we have all these articles coming out and it's funny because you know you have a lot of these. A young kids right the millennials. They like to make fun of me. They call me boomer right because I am a baby boomer technically I was born. I'm one of the last. Here's the baby. Boom ended in nineteen sixty four and I was born in one thousand nine hundred sixty three so I am one of the youngest of the baby boom generation but supposedly because I am a baby boomer. I don't know as much. As the millennials the millennials are so much smarter than the baby boom right because they get it right there new new their hip. They understand technology. I initially after we broke down or before we even broke down through the neckline of the head and shoulders top. I decided to tweet out a photograph. An image of this head and shoulders so people could actually see what I was talking about and I put the lines on there and of course I A had it on my computer and it just seemed like real easy. I took a photograph of it with my cell phone because I was. I tweeted it off my cell phone and of course the minute I do that. Everybody's buddies jumping on me. What an idiot this guy doesn't even know how to take screen shot you know instead of looking at the substance of what I'm trying to say and they're saying see this proves doesn't get it? He doesn't get technology and so he doesn't get bitcoin. In fact there was some. You know my my screen was dirty US quickly. Look I did it again. I did. The screen shot I. I will admit that I didn't remember how to do it. I will take a screen shot very easy. I added up there very quickly and you know the picture did look any better as far as if if you're a long bitcoin embarrass looking chart and it got even more barris after the break after I showed the chart but these guys you're so arrogant these young kids and they think you see because I don't. I didn't know how to do that that I don't understand. Bitcoin see the problem is they. Don't get what they don't understand. They don't understand money. They don't understand economics they just think they're so smart because they got lucky right. That's that's what a lot of people are confusing. There's an old adage on Wall Street. Don't confuse brains with a bull market right and there are a lot of people probably who think they're smart because they're in this market. I of course the stock markets today. I didn't even mentioned this. But they all hit record highs now even the Russell two thousand hitting record highs. SMP Dow everything hitting record highs right of course as the economy is weakening and the prospects are getting worse. I didn't realize I I guess maybe underestimated the impact at Q.. Four was going to have on this market. I knew Q.. Four was coming right. I mean it was one hundred percent sure that I knew the Fed was going to cut rates. And we've been doing that. I kind of underestimated how much upward pressure it was going to put on the US stock market. I actually thought that the dollar would be falling as a result of the Fed surprising. Everybody by doing exactly what I expected which was cutting rates going back to Qe. Well they did exactly what I expected except the dollar hasn't gone down but I just think I want to add yet the dollar. Has It gone down yet because it is going to go down and when it falls is going to drop like a stone and I don't think that's going to be a positive for the US stock market or the US Bob Market. We're going to see a much bigger move up in in the price of gold so a lot of people that are making achey money stock market. They think they're smart. They're not they're lucky if they were smart. They wouldn't be in the stock market or if they're in it they're simply ended as momentum trader thinking that look I know this but hey there's a bunch of idiots binstock so I'm going to buy stocks now so I can sell to these idiots and I'm going to get out. The door are before they realize the market is turn. Maybe there are some people that are smart enough to do that but most likely there's not too many of those people but the same mistake happens. Even on a bigger bigger scale and bitcoin people bought a little bit of bitcoin early. On and now they think they're geniuses they actually got lucky. Maybe it was a smart gamble but a lot of people don't knows gambling in fact even a lot of people that put some money in bitcoin early on when it was really cheap at least relative toward is now when the when the price got really high when it got to five ten thousand fifteen thousand they added. They bought more in fact a lot of people who put small amounts of money in early on put much larger sums of money later on so they could already be down and if they're not they're gonNA be down as the air continues to come out of this bubble but right now now. They're still very arrogant. Because I missed out on profiting from this big run up in Bitcoin. That's fine because I'm going to lose any money when Bitcoin and collapses and a lot of people are gonNA go down with this ship right. They're never going to get out right because they think they're so smart for not selling and they always want to go back to what it happened in the past see people panicked and got out at one hundred or five hundred or one thousand whatever they got scared look they missed out on all these profits pretty soon on the people that got out at one thousand. We're going to look a lot smarter than the people who stayed in. Well let me go from Fiat crypto currency to you actual Fiat currency and neo cash Kerry. And if you don't know who carry is he is the head head of the Federal Reserve Bank of Minneapolis and he is probably the most dovish of the central bankers which is really saying a lot considering his competition. Asian if he's got the perfect name for a real dovish of fed chairman right cash Kerry right perfect name in fact if he ever became fed chairman and let's say in a sanders administration. Right Neo Cash Carey. Was the chair of the Fed right. You would need a wheel barrel to carry around all that cash that would be created by Neil cash carry but the reason I want to talk about Mr Cash Kerry today is because he made some comments. I thought were very ironic about wealth inequality quality and he basically in his speech. You said look. This is normally the purview of fiscal policy. Right the government should be concerned with wealth inequality. But maybe in the future the Fed maybe monetary policy could be an instrument to try to address the wealth inequality which yeah I really thought was rich. Because one of the reasons that we have a widening gap of wealth inequality is because of the Fed because of the policies policies that Neil cast carry advocates. I mean what creating inflation does debasing. The money is a transfer for of wealth from savers to debtors. I'm talking about debtors. That have credit card debt and student loans. I'm I'm talking about people who have levered up to buy real assets. Those kind of debtors right not the typical American consumer who has debt because he bought Consumer Sumer goods because the consumer goods depreciate down zero right but when you buy an asset and you incur debt inflation makes you rich because it wipes out the value of the money you borrowed and now you're left with the real asset that you purchased but who gets wiped out savers who are the sabers. The average guy who's got got a four one K.. Or a pension. He's got an annuity cash value life insurance. He's got Bonn's John's right. He's got some savings he's getting wiped out right. And so the people who have leveraged up to buy assets which are generally richer. People have have gotten richer and the people who have done that who aren't as sophisticated. Don't have the incomes with the assets to be able to do that you know. They're just trying to save their money. Well well they're getting eviscerated but also what the Fed's policy does is it. Transfers wealth from wage earners to speculators laters and because the wage earners are seeing value of their incomes their wages being diminished because of the monetary policy the Fed the inflation his destroying the value of their labor income but it is helping to increase the value of the income that speculators get through financial leverage and other types of paper pushing and engineering right. So they're making the rich richer. Who can afford to speculate and the middle class? Who can't who are just trying to collect a paycheck and clocking in at a job? The value of their hard work is going down because the cost of living is going up as much as fed. Wants to pretend that the cost of living is going up. It is and it's going up faster than most people's goes way ages and so that is helping to drive the income inequality and of course the cheap money that the Fed puts out. They're also makes it easier for consumers to to make a bad choice to borrow to buy consumer goods. I talk about this this on my last podcast about this guy who purchased four new cars in two years. If it wasn't for the Fed he'd still be driving his used his car and he would be better off. Had he done that but because of the Fed he's able to make foolish decisions that help keep him poorer her. Because when you borrow money to buy a car that makes you poor you bought a depreciating asset and now you're paying interest and you've occurred liability you incur- debt. No a point that I meant to make my last podcast back before the.
"neil cash" Discussed on WAFS Biz 1190
"Ball demos in Hong Kong. Debra. Manage the later. German Chancellor Angela Merkel's coalition partner is stepping down. So full Democratic Party leader anger anals we'll resign after losing the party's backing following a big defeat in the European parliament elections dollars played a key role in the coalition. And her departure could funked parties exits that may force Merckel to lead a minority government form, a new alliance or face a snap election. He was secretary of state. My pump Heo says the Trump administration is ready to negotiate with Iran, without preconditions. But Arana's foreign ministry says his comments don't demonstrate a change in US policy. And Washington's approach toward the Islamic Republic needs to be corrected. Prepared to engage in conversation with no preconditions or were already to sit down with. The American effort to fundamentally. Reverse the malign activity of this as lawmakers Republic. This revolutionary force is going to continue. Limor has been told the US Justice department is preparing to open an antitrust investigation into Google. It would be the Trump administration's first major step to scrutinize potentially anti-competitive conduct by giant technology firm. The US has been criticized for allowing tech platforms to dominate their markets. While European officials have aggressively pursued antitrust cases. Soon early for the fed to begin cutting interest rates, that's the view of Minneapolis said, president Neil cash Cari, he says that despite increasing concerns about low in place in an escalating trade war, the fundamentals of the economy are still strong. If it looked like the US economy were slowing down if job growth were slowing down if these tariffs, and these trade fights were causing businesses to retrench, then that could put the fundamentals or the real economy on a slower trajectory. So neither of those could be caused for changing the path of monetary policy. I'm not quite there yet. I take a lot of comfort from the fact that the job market continues to strong. Twenty four hours a day on air and takes on Twitter. Powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm never mouth, this Winberg manner. Thank you very.
"neil cash" Discussed on Bloomberg Radio New York
"Around the world, Deborah Mayes in Hong Kong. Manage the later. German Chancellor Angela Merkel's coalition partner is stepping down. So Democratic Party leader Andhra, now's will resign after losing the party's backing following a big defeat in the European parliament elections. Now's played a key role in the coalition. And her departure could prompt her party's exits that may force Merckel to lead a minority government for my new alliance or face a snap election. Secretary of state. Mike Pompeo says the Trump administration is ready to negotiate with Iran without preconditions. But Aranesp foreign ministry says his comments don't demonstrate a change in US policy, and Washington's approach towards Islamic Republic needs to be corrected. Prepare engage in conversation with no preconditions were already to Saddam with the American effort to fundamentally. Reverse the malign activity of this as lawmakers Republic. This revolutionary force is going to continue. Plimmer has been told the US Justice department is preparing to open an antitrust investigation into Google. It would be the Trump administration's first major step to scrutinize potentially anti-competitive conduct by giant technology firm. The US has been criticized for allowing tech platforms to dominate their markets. While European officials have aggressively pursued antitrust cases. Early for the fed to begin cutting interest rates. That's the view of Minneapolis fed president Neil cash Cari, he says that despite increasing concerns about low inflation, and an escalating trade war, the fundamentals of the economy are still strong. If it looked like the US economy, slowing down, if job growth were slowing down if these tariffs, and these trade fights were causing businesses to retrench, then that could put the, the fundamentals are the real economy on a slower trajectory. So either of those could be caused for changing the path of monetary policy. I'm not quite there yet. I take a lot of comfort from the fact that the job market continues to be strong. 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 this Winberg manage. Thank.
"neil cash" Discussed on WAFS Biz 1190
"To next few sessions. Gentlemen. Thank you very much. David Ingles advocate for the latest. Kane is off this Monday morning on the market headlines from around the world. Deborah Myers in Hong Kong. The later. German Chancellor Angela Merkel's coalition partner is stepping down. So Democratic Party leader under Nells will resign after losing the party's backing following a big defeat in the European parliament election now played a key role in the coalition. And her departure could puncture parties exits that may force Merckel to lead a minority government form a new alliance or face a snap election. He was secretary of state. My pump peyot says the Trump administration is ready to negotiate with Iran, without preconditions. But Ron's foreign ministry says his comments don't demonstrate a change in US policy. And Washington's approach toward the Islamic Republic needs to be corrected. Day Gaijin conversation with no preconditions or were ready to Saddam with. The American effort to fundamentally reverse the malign activity of this as lawmakers Republic. This revolutionary force is going to continue. Plimmer has been told the US Justice department is preparing to open an antitrust investigation into Google, it would be the Trump administration's first major step to scrutinize potentially anti competitive conduct by giant technology, firm, US has been criticized for allowing cloth forms dominate their markets. While European officials have aggressively pursued antitrust cases. Severely for the fed to begin cutting interest rates. That's the view of Minneapolis fed president Neil cash Cari, he says that despite increasing concerns about low in place in Annan, escalating trade war, the fundamentals of the economy are still strong. If it looked like the US economy, slowing down, if job growth were slowing down if these terrorists, and these trade fights were causing businesses to retrench, then that could put the fundamentals are the real economy on a slower trajectory to either of those could be caused for changing the path of monetary policy. I'm not quite there yet. I take a lot of comfort from the fact that the job market continues to be strong. Twenty four hours a day on air and top on Twitter, powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Deborah mouth this. Winberg. Nanna. Thank you very much..
"neil cash" Discussed on Intelligence Squared U.S. Debates
"We are kicking off with three debates in a row in New York City. So you here in New York, you'd wanna get tickets. They're still some available, and we would love to see you out there. I would love to see you out there in our audience where beginning the season with this resolution ten years after the global financial crisis. The system is safer. Well, is it or is it not? That's the question will be taking on one of our debaters. Jason Furman has been with us many times before he was chairman of the council of economic advisers under President Obama. We are delighted to have him back also returning on the other side arguing against the financial times, Jillian tat shells be saying that we're not safer. This debate. Also includes Neil cash, Gary he is the current president of the Federal Reserve Bank of Minneapolis. And rounding out that debate will have Harvard economist Kenneth Rogoff following that. We'll take on the. Solution. Don't bring extinct creatures back to life. Yes. That is a thing. There are people out there working on bringing back creatures that are extinct like the dodo bird and the woolly mammoth and one of them is a guy named Stewart brand is really really well known as an environmentalist and founder of the whole earth catalog, and he is joining leading geneticists and the founder of the personal genome project. Dr George church to argue that we should be bringing these extinct creatures back to life. Georgia's actually working to revive the mammoth right now in a program using crisper technology. So if you come to that debate, you learn a lot about what that means. His opponents think this is a terrible idea. They include Dr Ross MacPhee who is curator at the American Museum of natural history and Evelyn biologist. Dr Lynn Rothschild who is currently a senior scientist at NASA Ames research center. So a lot about science a lot about ethics and some interesting technology after that we're going to be hosting our first unresolved debate of the season. Where we go through a series of resolutions in the course of an evening, not just a single resolution. This will feature five debaters and four different resolutions on the topic of the US Technomic Cold War with China this debates going to include the Eurasia group's, Ian, Bremmer former under secretary of defense, Michelle Florida bestselling author and leading global strategy advisor Parag Khanna and former assistant secretary of state Susan Thornton. Also MIT's you Shang long. That's going to be a great one. So they're all going to be great and the rest of the season two. We'll be back with more information.
"neil cash" Discussed on FT Alphachat
"So now, the second explanation is not just a desk employers, but simply that workers have preferences for particular kind of job that just fits, and they're on that many other jobs that fit as well. And because of that great fit employers can pay. Them less because they know they're not gonna leave. This is the best fit for them. So that allows employer to keep wages down. So that's another way of looking at this. But this makes intuitive sense to what every single one of us and every single listener is going to remember about a job search, which is that you're not searching for lower case job. You're looking for very specific job near where your spouse already has a job that uses the skills that you already have within an industry where you know, people that these are. I mean, I think we run public policy is if there's no friction in economics says if there's no difficulty doing any of these things operating markets perfectly. And then when you actually look at the imperial research like what you're talking about. Everything is friction friction explains absolutely everything that we're confused by right? And so one of the things I was show it which sort of shows in tuition is that in very big cities, first of all concentration is less. So there's more employers around that you can choose from. But also is showed that people's sort of reacting to wages is higher. Like, no one employee. Pays more. It gets a lot more people coming to them when they're in a big city because it's a very dense area where there's lots of workers, lots of employer. It's closer to what we usually have in mind when we think perfectly competitive market, we've all those people are those employers in the same place in small cities. There's barely any reaction wages increased that doesn't do too much in terms of attracting more workers again because you know, you just don't have that density. And this makes sense in the context of the small business survey's rate. Because the number one problem it's small businesses site is that they can't attract workers. And so there is a question that will then why don't they just raise wages, and I think this answers that question. I mean, I'm I think of Neil cash car is great, quote, if you're complaining about not being able to find workers, and you're not raising wages than you're just whining. But it, you know, I think that what you're saying is that actually it's not in the company's interest to raise wages because they might get a few more people, but it won't really solve the problem. So there's a bit of a problem with that. I find that. That's fascinating, which which are exactly what you're talking about. There's a ritual that happens. If you follow economics or finance Twitter, every time the Fed's beige book comes out, which is just this survey of what businesses are thinking about fed district by fed district. It's fascinating reading because it's the only sort of structural, but also anecdotal account. We have of the economy we go through the ritual on Twitter where people pick out companies being frustrated that they can't find workers. And then we all yell at them for not giving them wages. I also wonder whether it's whether companies also know that we're we don't know when the cycle is going to end, but everything is going to go pear-shaped at some point. It's going to get worse at some point. It's going to be easier to pay workers less. And so I wonder if they're just holding on doing anything they can to attract workers better conditions better benefits anything that you can offer just once so that they don't get stuck with this higher pay level when the expansion ends as it will in the next year. So that I think it could take a little bit longer to. For the expansion to NBA. Yeah. That could be a piece of it. I I wouldn't have said as much six months ago, but given the market moves over the past four months or so maybe companies are thinking, okay, the heydays over there. Right. The heyday is over the best is behind us. It was in Q of last year in in terms of growth. So we're only slowing down from here in this in this like, oh, so I think there probably is some value saying so I want up to buy. But by thinking also about the fact that if a company raises wages and conditions for new hires. Oftentimes, you know, morale considerations demand that they do..
Trump begins initial preparation for possible interview with Mueller
"Abbie's that need to be considered we look at obviously road conditions weather conditions mechanical conditions of vehicles for example as well as the condition of the drivers that their operators at the vehicles the president is getting ready for a potential interview special counsel robert muller who is investigating russian meddling in the election and any trump campaign ties to moscow correspondent abbie fell our sources tell us that these preparations are in its infancy and what the president's attorneys are doing is essentially giving him a sense of what the topics are that he might encounter if he were to sit down with mahler some top trump aids are concerned about any muller interview i'm ann cates and i'm susanna palmer from bloomberg world headquarters chicago fed president charles evans says the federal reserve should continue gradually raising interest rates that's if data on consumer prices available by the central banks mid june policy meeting indicate inflation will soon reach the two percent target evans speaking to reporters today following a talk at the university of chicago federal reserve bank of minneapolis president neil cash karis that he's sympathetic to the need to press china to engage in fair trade yet emphasized it's too soon to assess the full impact of the us china trade spat on the economy on fox cash curry said china has been carrying out a one sided trade policy for many years some thirty percent of air france flights were cancelled today this as strikes over pay raises appear to be intensifying people familiar with the matter say deutsche bank plans to clarify ceo john cryan future this weekend this as chairman paul act lightner faces pressure from key shareholders to take action cryan has been unable to restore revenue growth at deutsche bank sky news reports barclays plc is starting the process of replacing its chairman saying john mcfarland is expected to.