we largely knew the risks coming into today's beige book. nonetheless, interesting to hear the dow up 187 points. we built on the gains. we're at session highs s&p 500 above 2800 which is a key level to hold onto take a look at the sector check. really defensive in nature which is interesting when looking at this rebound yesterday and even today. utilities and real estate continuing to lead us higher and some big names in tech making a rebound. apple leading the dow higher and look at the retailers. when you talk about the impact of tariffs on prices and also consumers, by and large we've heard from a number of companies telling us tariffs will likely lead to higher prices. >>> all right. thank you very much. >>> tariffs on mexico are set to kick in on monday. that is i think the 10th both sides meeting inless than an hour in d.c will we get a deal in time to avert the tariffs? >>> plus check out shares of apple on track for their first two-day win streak in three weeks. and best two-day performance since the beginning of the year. is this a

scarlet: we have the beige book headlines coming out.ge book indicates that the economy is improving, outlook is solidly positive but modest, perhaps reinforcing the idea that there was a bit of a slowdown taking place. tariffs are clouding that look as labor shortages -- this comes before the big jobs report on friday. all of this is big given a jay powell made clear that he is open to rate cuts should the data indicate that is necessary. caroline: he has given the market a bone,

the number of mentions of trade concerns doubled in the last beige book the one for this meeting. that is clearly something on people's minds and as i mentioned and the effects are not so much -- i would say the actual chemical effects on demand that what we have seen so far is meaningful but not large and i think there's discussion of much greater tariffs and that is where the uncertainty is an concerns are on the part of business. >> your opening remarks you mentioned the fetters of her monetary policy for mark and what it will be the wave of operating going forward and not the question you are trying to weigh as you speak. i do want to challenge you a little on this. seems like you are committed to the target as a framework and are considering adaptations to try to make sure you hit that target on a consistent way and is this just tinkering? is there case for something more radical for exploring the options that people are looking at around getting away from the entire concepts and nominal growth target or higher inflation target and newer ideas around targeting gross labor inc

podcasts sleep with me is downloaded free 1000000 times a month in fashion is a trend for the color beige so well done robin boring laundry is a big thing and norm call which began as a bit of a joke is now gone mainstream norm core of course says rejects collectivity you can wear something boring you don't have to wear something exciting so that's a very important trend young people also rejecting at least eventual holidays in favor of offline holidays where you can't do anything when you have no 5 reception surely in reality boredom should be avoided at all costs no border mean actually a good thing a recent study showed that people who are given a boring task sorting red and green beans into separate piles did much better on creativity tests that followed also the beneficial effects of boredom a borne out by many famous exam. paul's for example. famously took a year off high school and just wandered off a loafing around aimlessly he later said that creativity is the residue of time wasted steve jobs apple found was also a pioneer of norm core as we say and he said boredom allows one to

's latest beiged book survey says the u.s. economy generally expanded in recent weeks and the general outlook remains solidly positive. the report comes as activity grew at a modest pace from april to may and improved from the slight to moderate pace seen in the previous period, but it does indicate some problems, including weak retail sales, factory orders, and home purchases. the imf has trimmed its growth thecast for china and says trade war with the u.s. is tilting the balance of risks to the downside. the imf chief told us in an exclusive interview that if trade tensions escalate, growth could be seriously affected, but at the moment, the impact has been manageable. >> trade tensions with the u.s., though significant, have so far been contained. exports or imports have fallen to the u.s., but overall growth has remained fairly steady. tariffs remain at the current level, we project growth for this year to be 6.2% and two moderate gradually to 6.0% in 2020. jessica: the european union has taken the first step toward discip

beige on beige. >> and something else. >> and then something that is surprises you. >> sure.g of that, a mill valley man is surprising us with what he has on his face. in may, anthony brought how many second place in the partial freestyle category at the world beard and mustache competition in belgium. he just returned from michigan where he took home first place in a beard contest on saturday. >> for me, it's artistic expression. i come up with the ideas random times a >> he is planning a beard competition in san francisco to benefit local charities. >> you do your thing, you know? >> look at that. >> it's like the beard is doing the splits. >> yeah. >> nice. >> yeah. i think he did a great job. you said took an hour? >> i don't know about his specific beard. i think we're just guessing. i would imagine that during the heat wave it must have been miserable to have that facial hair. >> i would think so. my wife thinks i already take too long to get ready. that is completely out of the question. take a look at what is going on outside. because she's naturally beautiful doesn't

tariff talks, fed "beige book" came out, that shocking adp number. still the dow jones industrial average up 170 points. a heck of a called drone. with do you make of it? -- cauldron. >> look the economy is terribly strong, the tariffs have not been any effect. the weakness is set by the chinese currency. don't need to worry about tariffs against mexico. tariffs is a tool congress gave the president to use when he needs to get stuff done. this is an immigration war, not a tariff war. tariffs are a a tariffs. it is unusual to screw a screw with a hammer. the law gave trump the tariffs to use as tool. we'll solve the immigration crisis. stop talking about the immigration crisis as being great for the economy. charles: president obama said he solved the crisis. whether or not the fed will come to the rescue. he made it pretty clear yesterday. think about this, the top two sessions of 2019 were powell pivots. january 4th, june 4th. 63% of all baines this year on those two days when the powell let markets know i got your back. i'm saying, as long as he ca

tuesday, auto sales will be released and on wednesday, the beige book is out that's a report on regional economic conditions. thursday, the anniversary of d-day. it has been 75 years since allied forces land on normandy in world with war 2. friday, the jobs report. how many jobs were gained or lost last month. >> are you looking for the perfect wine for the summer season whether it's red, white or even canned we have picks your your palate ray, it's great to see you. >> great to be back as always. >> my favorite time of the year. with the summer season, we need thoughts about what to do. >> absolutely. barbecues, cookouts. even going to the beach. i brought some cool, affordable things i think are great the first is nortico alvarino. it sounded good. it's portugese you have heard it from spain they just swim out the b for a v. it is alvarino it is a great, crisp white from the coast. pino verde. >> green grapes. >> citrusy good for summer. >> really good >> sauvignon blanc in new zealand you get the pepper note. people like it a lot or hate it a lot. >> i like this, too. >> you just like

really those concerns heightened quite substantially as of the last "beige book." the number of mentions of trade concerns doubled in the last "beige book," the one for this meeting. demand and what we've seen so far is meaningful but not large. i think, there is discuss shun of much greater tariffs. that is where the uncertainty is and concerns are on the part -- >> so backstopping policy. now jerome powell says going back to may first, that is when the outlook considerably changed when it comes to china trade. also business investment has slowed as well. as you mentioned before, charles, jerome powell pretty much confirmed it. he would rather be early rather than late when dealing with a slowdown in the u.s. economy. back to you. charles: susan, thank you very much. joining me to discuss is third seven advisors managing director michael block. tim, let me start with you. i thought it was intriguing jerome powell talking about tariffs, economically for 21, 22-dollar economy they are not enough to hurt us but psychology of that, underscored today when the conferenc

unfortunately the beige leather seats are just as dirt prone as they are clashing that's one of us has a vehicle like the volvo as 90. it isn't just design for the driver there's also plenty of leg room and headroom in the rear and that's a big benefit on longer trips. with $500.00 leaders or cargo volume a large truck is sufficient for both weekly shopping trips and longer vacations. he says the u.s. navy is also suitable for family says something that can be seen here in the rear seat a simple handle raises it up so there's plenty of room for small children no need for a booster seat. how are his ninety's powered by the d 5 the most powerful diesel engine the 4 cylinder turbo delivers $173.00 kilowatts make summaries from 0 to 100 kilometers per hour in a smooth 7 seconds global claims consumption of 5.4 liters per 100 kilometers in the highest inscription equipment line vs 90 starts at $61000.00 euros. ah lewis says the handling of the volvo last night is very pleasant it's only when cornering that you notice it's relatively heavy but that's not unusual for a vehicle and is classed.

activity helped by gains in new ders and that pickup in activity was echoed by the federal reserve's beigeook which is an anecdotal look at the economy across thery count from ui reports tonight the central bank? the federal reserve said economic activity was modest a littleng and that's bit better than the preceding period. almost all 12 fed districts reported at least some economic growth and some even enjoyed moderate gains. only oneri di, st. louis said that economic activity was unchanged. nationally, employment was about the same as last time. mostde districts reported to moderate job growth and the ight labor market remains a constraint the fed did find there was increasing wage pressure and improved benefits across a range of occupations and meanwhile the fed sai prices rose at a modest pace and as for trade uncertainty there weretnecdotes f boston and dallas in particular. in boost op, the reportou calle huawei and the impact on semiconductor firms. it also said that tradert unnty is causing delays of new models in the auto industry. meanwhile, over in dallas manufacturers, retail

watch a couple for 5 to 10 minutes and say this is what -- he talks about this four horsemen and the beige vit civil, defense, and stonewallingany will kill a marriage. >> i think you and i have foreseen the couple in the table in the restaurant we have been able to tell. >> sometimes. >> what's the other person you wanted to mention. >> the other guy gary smalley a christian author doing this for years and both to ces i gav it to mygave it to my nephew when he got married two weeks ago e does marriage preparation and ongoing formation. so both john gottman and gary smalley has one one is the gottman institute and the other is the smalley institute. those are a couple resources. >> it's important because i think i am correct when i say i browse the books store and shelves and shelves of how to help your mawrnlg. someone like you could point out this is the way to go. and here are the books to go and you do that for people. >> yeah. a lot of tykes you do it the engaged couples if you like to read here's he 15 bucks it could change your life and mainly and they think marriage and they think

find remedies we need to turn over this beige and go. i said it so that we confirm that we are ready to support the business any ship here is create some instruments for trade in copper a change to florida. that i think speaks to the fact that the u.s. administration intends to somehow. you make had to worry and improving the situation i informed my card to put on the trade volume between the u.s. and russia to russia in the ice days in between russia and some other partners of ours but that's simply on the surface that current trade of $25000000000.00 is the way below what we would like to have on the way below what we actually can have but i don't know what their motives are going to do i have no clue but i certainly we're not going to ask for anything we're not going to . be. asked. that our hands are straight if they are ready to engage in cooperation we'll of course respond positively to that we are ready to do all we can to prove the situation i've been meeting with u.s. businessman. basis we met at the st petersburg forum because

it will beig business, and we felt it would be important to be involved with that and be a part of thatho choose -- to make that investment through canopy. we're very excited about the long-term potential of that investment. >> constellation brands rose more than 4.5% today to 196.94. >>> elsewhere, deutsche bank is reportedly considering cutting up to 20,000 jobs or more than one in six full-time positioly glob at that company. "wall street journal" says that the lay-offs could tak a heavy toll on its u.s. operations and on the company as a whole. stock was up more than 1% though to 763 today. >>> reel ree had a strong wall street debut after raising more than $ i0 million in ipo. the ceo of the online consignment retailer sees a profitable future for her company. >> we didli 711 m last year. the total opportunity in the billion.00 so we're going to continue to focus on growth, but not growth at any cost. we're hyperconscious about unit economics, we have a path to profitabilit w and wel execute against that path. >> yet another strong ipo today with it up almt 45% at $28.90. >>> share

t on wednesd fed releases a beige book which is an anecdotal look at the economy across the country. government releases its monthly employment rehart. that is to watch for next week. >> on this tough market day, we thought we would end the show with something a little bit lighter here and it's a story about ausiness that cares how you feel and believe it or not it takes place at one of the nation's busiest airport jane wells takes us to l. ♪ ♪ >> los angeles international airport, traditionally nobody's the airport now lets you tell it how you really feel and more on that in a moment. lax was a gem of commercial aviation a decade ago and with a record amount of peopling passing through here, it is a mess. it iding the way with a 14 billion overhaul. >> the united states ilathe first of modern aviation, and our airport should be the es that other airports around the world aspire to be. >> by 2023, lax will have a people move tore reduce traffic and how will it modernize? >> how will this happen. >> it's agreed to take on some debt and on every airplane we buy right now it's $4.50 and

or going to focus on chinese foreign policy right now and the criticism beige of beijing has faced over human rights especially in hong kong when brittany go she added the conditions of the handover of that former colony to china in 1907 the u.k. insisted that the right to assemble protest would be protected met up with to hong kong dissidents who have found asylum here in germany they say that china is steadily chipping away at those human rights in hong kong. there the 1st time kong refugees to be granted asylum ray one and ellen lete now feel safe in germany they were threatened with a prison sentence in the homeland for having taken part in an anti-government protest. as a very very set thing actually because i think no one wants to leave their home country and never go back. and. but anyway we we thing that. we must do it is because we swish it let the let the whole road know what is happening in hong kong if you look back to 2014 many young people took to the streets of hong kong calling for civil liberties and more democracy both sides became violent. grey ones and ellen lee were

. >> target shares fell a fraction today to6. 86 >>> win beige owe posted better than expected earningswer costs and more favorable tax rate. the vehicle maker missed revenue estimates because of what it called a challenging rv wholesale market. the stock was up more3.5% to $40 even. mga entertainment says it is no longer interested inrying to merge with matel after the rival toy maker rected mga's second merger attempt. mga'sai ceo it was in the best interest of his company not to move for with an effort and that mattel, quote, cannot be salvaged, end quote. mattel's shares were off more than 5% to 11.41. after the bell oracle reported better thanec ed earnings. the software maker topped revenue estimates thanks to an crease in cloud services and license support. shes initially rosen the after hours trading but closed the regular session down afr tion to 52.68. >>> hundred of billions of dollars will be spent on digital ads this year and much of the money will likely go to companies like google and facebook, but before making spending decisions advertisers are taking into considerati t

trending higher to us investors are still looking at the federal reserve at thihis time it so called beige bookk oo a susummary y of economic condi. latestst reports saying that manufacturers and retailers in america are feeling the impacact from the trade tensionss. that's raised speculation t that the central bank could cut interest rates or take other moves to support the economy in the coming months. car maker huh no end to the french government are expected to file a lawsuit against fororr boss c carlos ghosn. over millions of years worth of expenses coming at like reports. things have just got worse for carlos groaned. pulling in for death by red nose which revealed a levin million euroros of questionable expensi. runner will be serving its former chief executive. and the french government which owns 15% of renault is right behind it. yes you more you should do more six months ago i also that red nose conduct an internal audits. when the accusations aimed at carlos ghosn came out? we now have the conclusions of thought sold it. and the fax a reprehensible. everything that disclose it

the fed's latest beige book survey says the u.s.xpanded in recent weeks, and the business outlook remains "solidly positive." the report says activity grew at a modest pace from april to mid-may. however it does indicate some problems, including weak retail sales and home purchases. the european union has taken the first step toward disciplining italy for its failure to rein in debt, paving the way for an initial penalty for billion dollars. the eu commission says the populist government in rome hasn't made sufficient progress in reducing its obligations in line with the bloc's fiscal rules. the ftse mib index fell on the news. global news 24 hours a day on air and on tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm jessica summers. this is bloomberg. paul: business leaders, policymakers, and investors are in singapore this week for the eco conference on top of international trade talk. they are also reaching un sustainability goals. haslinda amin is there for us a key member of t

those concerns heightened quite substantially as of the last beige book. the number of mentions of trade concerns -- last beige book, the one for this meeting. that is clearly something that is on people's minds, as i mentioned. ie effects are not so much -- would say the actual mechanical effects on demand, what we have seen so far, is meaningful, but not large. there is discussion of much greater tariffs. that is where the uncertainty is, that is where the concerns are on the part of business. >> in your opening remarks, you mentioned the monetary framework, what will be the way of operating going forward. that is the question that you and your colleagues are trying to way as we speak. i do want to challenge you a little bit on this. it sounds like you are committed to the 2% inflation target, considering adaptations to make sure that you hit that target in a consistent way. tinkering?t is there a case for something more radical, for exploring these options that people are looking at, getting away from the phillips curve concept, higher inflation target,

kcolfax, thank you for beig in agreement with the recommendations. and mr. controller, will you note that it is the intent of this committee to accept the proposals and report of the b.l.a. >> chair fewer: human services, would you come up? human services. so can we have a b.l.a. report, please. >> yes, you may. the department's proposed $1,039,024,619 for fiscal year 19-20 is 6.9% more than the original fiscal year 2018-19 budget of $971,834,727. the department's proposed $1,062,899,769 budget for fiscal year 20-21 is $23,875,152,or 2.3% more than the mayor's proposed fiscal 19-20 budget of $1,039,024,617. our recommended reductions to the proposed budget total $1,977,272 in fiscal year 2019-20. of that recommended reductions, $333,219 are ongoing savings, and $1,064,033 are one time savings. this would allow a 6.7% increase in the department's fiscal year 2019-20 budget. my understanding is that we have full agreement with the department on our recommendations. >> chair fewer: mr. rohrer, what do you say? >> trent rohrer, we are in full agreement. >> chair

trump perhaps, but what i found fascinating is how older african-american politicians, those who were beigely his piers were much more forgiving.o you have n idea what that era s about. it's younger african-american leaders who are going, what are you doing? can't you bring ubob dole. whthis fell bigger for biden is not due to the race issue but due to fact that you're in noon era. >> we're just at the beginning. >> i will say this. they picked a good week to start this up. maybe we can have presidenting a depate. >> they did it just for you. >> that's wonderful. >> are they going to be wearing name tagsing chuck? >> that's interesting. tony asked what if someone calls in sick. >> what do the others thin>> they're going to be less attacking on each ore, more hitting electric chblt they're going to be. this may be the only time. steve bullock didn't make it this time but will next meti mai they name it. that's the wild cart steve pollard will. we go deep from iraq. the muller report. migration. child separation. impeach meant. it's a number of topics. it's donald trump being donald trump. whet

joe: the fed releasing the beige book tomorrow at 2:00 p.m. eastern. interviews with chicago friend -- chicago fed president charles evans. "bloomberg technology" is next in the u.s. this is bloomberg. ♪ ♪ emily: i'm emily chang in los angeles and this is bloomberg technology. coming up in the next hour, why the threat of antitrust elation has silicon valley and tech investors on edge. plus, after a rocky ipo underwritersuber's are defending the stock with bullish calls. chin

paul: that was china beige book president leland miller.ater on bloomberg, we will have that exclusive interview with people's bank of china governor, ahead of his expected meeting with treasury secretary mnuchin at the g20. this is his first international media interview since becoming governor, so you do not want to miss that one. this is bloomberg. ♪ shery: this is "daybreak asia." i am shery ahn in new york. paul: i am paul allen in sydney. let's get a quick check of the latest business/headlines. bloomberg is mine cloud data to help client -- buying cloud data. it comes as it struggled to compete with amazon and microsoft in the area. look are help -- looker helps. the acquisition may face extra scrutiny with them under an antitrust investigation. shery: the chance of a tie up between struggling commerce bank and ing. finance ministers discussed the idea last month with one issue being berlin since his is that any new lender be headquartered in germany. the story.ublished neither was prepared to comment on the possible deal. is onthe n

it is a two-story building with beige stucco. it was also part of the stonewall inn.his is the greenwich village in lower manhattan. host: what do the monuments represent? obama referenced selma in hisngside inaugural address, it really signal the states, and that establishing this monument here is another way of signaling the road that has been traveled over the last 50 years or even longer to achieve lgbt equality, a still unfinished process i might add. this is an action on the part of the federal government which for many decades was quite oppressive toward lgbt people. still, we have problems with federal policy. that is a kind of paradigm the federal government is recognizing and facincognition l government but ongoing struggles and problems with the federal government. host: you mentioned the speech by president obama on january 21, 2013. here is what he said. [video clip] peoplebama: we the declared today that the most evident of truths, that all of us are created equal. it is the star that guides us still, just as it guided our forbearers through seneca fells

it's a two-story building with beige stucco, alongside a three-story building that was part of the stonewalln. this is in greenwich village, new york city, lower manhattan. host: what do the monuments represent? prof. stein: well, when obama referenced stonewall on alongside seneca falls and selma in his inaugural address, it really signaled a recognition lgbtlgbt activism, the movement was part of broader aspirational struggles for justice in the night of states and that was a very powerful symbolic statement on the part of obama as president of the united states, the first african-american president of the united states. in this monument here, another way of signaling the road that has been traveled over the last -- not just 50 years, but even .onger to achieve lgbt equality there is an action on the part of the lgbt. thee is this paradox that federal government has .ecognized this space the best example might be the ban on transgender service members. there is this paradox of recognition. prof. stein: -- host: you mentioned president obama policy of speech. from the west front of the capi

( laughter ) enter our hero, wics meteorologist and norse god of beige, joe crain.erman there. crain heard the calls of the people and went on air to take a stand. >> we want you to know, it's not us. this is a corporate initiative, the code red alert. and behind the scenes, many of us have tried to dissuade it for the last few months, to try something else that's less controversial to the viewers. so, keep in mind, despite the fact that this facility is owned by a corporation, it's still licensed under the authority by the federal communications commission to serve the public interest, convenience, and necessity. so you still have a voice. keep those cards and letters coming. >> stephen: oh, snap! a call to action against his own company! this is like if "network" was about the weather guy. "i want you to get up right now, go to your windows, open them and stick your head out and yell, 'i'm as wet as hell, and i'm not gonna forget my umbrella any more!'" ( cheers and applause ) where is my tony! where's my tony, cranston! crain's bold stand actually did have an imp

beige i had to choose a mammal future with them. as the similar. choice. so i had a who should have a baby feel. about. the attack me additionally young men a lot of little and sort it all took 0 ish had a talk or. what has started as a little let's see. should i leave him. a loaded i them to take part of their wish and when it is a little way a sudden whatever to that them so it was said and it was so was she mary. was certain and i was so at 5. so i would look at his father with a you know we're going to fuck you then the what i what i could not serve with then the and the why do we really gets hold of the quantum what they know what they will marry schools to get a teacher had the whole form and what the. president . sort of. consoler come out of your. own well when the. other should have been freedom of. thought well heard the word. is the word for the son not to seek and that he would come said no way it mean. for you it head it to the wind when i'm to what it was always a half hour or 3 times i know it or i can by the. admin of finessing mike and one

shery: the china beige book says the mainland economy saw a modest improvement in the second quarter, risk ahead looks more serious. we were speaking earlier today about the credit situation in china ballooning, especially in the shallow banking sector. those deleveraging efforts we saw years back, are they just out the window now? >> they are totally out the window. for a long time what people thought was the leveraging, were being told was deleveraging, was not corporate deleveraging. it was some degree of a crackdown on shadow finance. you saw that decrease over the last several years and the share has beenl borrowing tricking for several years now. this reversed itself completely in the second quarter. we saw the largest one quarter jump in shadow bank usage that we have seen in the history of the china bank survey and this fits in quite well with the fact that we have been watching q1 expand credit dramatically. disadvantaged borrowers were getting more access to credit and q2, they have seen more access to credit. to thee seen more access economy, but that has come with terminus

maybe a shade of beige.ant do get it right. >> all i know, she has a crown on top of her carriage. >> reporter: i'm sure we'll have controversy over it. >> salma, thank you very much. we'll continue to follow this celebration of queen elizabeth's 93rd birthday. we'll be right back. ...do your sneezes turn heads? ♪ try zyrtec... ...zyrtec starts working hard at hour one... and works twice as hard when you take it again the next day. zyrtec muddle no more. and try children's zyrtec for consistently powerful relief of your kid's allergies. another wireless ad. great. so many of them are full of this complicated, tricky language about their network and offers and blah blah blah. look. sprint's going to do things differently. and let you decide for yourself. they're offering a new 100% total satisfaction guarantee. try it out and see the savings. if you don't love it, get your money back. see? simple. now sprint's unlimited plan comes with one of the newest phones included for just $35 a month. so switch now. for

welsh not according to pentagon officials who released this video of the actual pmoment of the drone beig shot down by the advanced iranian surface to air missile. we just had a briefing from u.s. central command and they dispute iran's claim the u.s. drone flew over iranian territory. u.s. officials say the u.s. navy drone was shot down roughly 20 miles from iran's shore line. international air face is 12nautical miles. u.s. officials say it was flying over the strait of hormuth. >> this was an unprovoked attack on a u.s. surveillance asset that had not violated iranian air space at any time during its mission. this attack is an attempt to disrupt our ability to monitor the area following recent threats to international shipping and the free flow of commerce. iranian reports that this aircraft was shot down over iran are categorically false. >> reporter: the general did not take any questions from the press, nor did any of the spokesmen here at the pentagon. dana. >> dana: yet, do we know what options the pentagon has presented to the president? >> reporter: we know the general took with

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on growth on some dimensions i would probably broaden this to what we're hearing if you look at the beige book. were we to attend the meetings we have with business and other leaders and communities across the country. this is very much on people's minds. people are concerned about how do they plan for the future. the uncertainty about what happens around trade and when business and other leaders are uncertain about things, the tendency is to take away the attitude. maybe hold off on some investment or employment decisions to see how this clarifies. we're seeing signs mostly anecdotal about businesses concerned about wanting to see how this is clarified, before they're willing to invest. we're also seeing invest in data itself i think those are signs it's clearly have an effect on the economy slowing growth somewhat. but in -- i think this uncertainty part is an important part >> john, you may not know what you're going to do next. but the market knows for sure. it's quite incredible. markets have priced in a plus 60% chance of three rate hikes this year. >> i don't think that's right. >>

it is a two-story building with beige stucco. it was also part of the stonewall inn.s is the greenwich village in lower manhattan. host: what do the monuments represent? obama referenced selma in hisngside inaugural address, it really signal the recognition that lgbt activism, the lgbt movement was part of the broader aspirational struggles for social justice in the united states. that is a very powerful statement on the part of obama as president of the united states in the first african-american president of the united states, and that establishing this monument here is another way of signaling the road that has been traveled over the last 50 years or even longer to achieve lgbt equality, a still unfinished process i might add. this is an action on the part of the federal government which for many decades was quite oppressive toward lgbt people. still, we have problems with federal policy. that is a kind of paradigm the federal government is recognizing and facing and yet continues to adopt policies. currently the best example might be the ban on transgender militar

in nearly five decades and it's pushing many businesses to rethink how they operate in the latest beige report on a restaurant in richmond, virginia for workers, it replaced table service with counterservice only couldn't find enough people and silverware with disposable forks and knives because they couldn't find people to wash the dishes >> this is the story of the year i mean, not eco-friendly, turns out strong labor market is pushing people to use more plastic. i want to know what restaurant business my richmond friends we've got to find out. >> i'd be worried though, if i'm somebody in the workforce, this could be the trend among companies. they're able to do more with less and they'll continue doing that and what does it mean in the future >> right, i mean, get rid of silverware all together? go to taco joinhat joinaco joins >> handheld food only. next time you hear the ice cream truck, it might be followed by sirens it claims to owe $5 million in unpaid traffic tickets the city already seized 46 ice cream trucks part of operation meltdown >> do they have to call it that? i mean,

came through beige county and culpepper county into spotsylvania county and making its way towards westmorelande and we're starting to see some lightning now with thisrea, enhanced rainfall between wood bridge and over towards waldorfo and down quantico and fredericksburg, on the rainy side all day and now back to the rain in the d.c. area. i td you at 615, heads up, rain coming back into d.c. and there it is from betts did a to washingt, that's it. behind this we dry out and we'll see drier conditions and really over the next couple of days and i almost bought a sprinkler wday because that's the kind of dry air mass've got for the next one to two weeks. it's not just dry. it's hot. see the storm back here. actually a fr on through.ving a lot of severe weather back into west virginia, furg ar and down towards southern virginia and what this storm for us will do as it moves on through, kind of diminishes to far as srms go and give us the heat. a high temperare of 88. say good-bye to th 80s. 82 degrees and winds out of southeast at 3 miles per hour and a little bit in the way of light shower acti

they are talking about a $15 federal minimum beige, annual wealth tax which i hear a lot about.tagon spending by $300 billion. so really as i was on this conference call just a little while ago before i got on set with you, the thing i was thinking is i really feel like as this group lays out policy priorities, bernie sanders, elizabeth warren rally. they are two of the people speaking there. it will be interesting to see if they get a good response and if other candidates can break through maybe not as well-known for their concern and hyper focus on those kinds of policies. >> we talked about the candidates. you're talking with the voters, ron. we talked about these showing a 50/50 split it seems. >> i think we need someone younger. we don't need any more old white men. >> we're entering window rock, the capital of the navajo nation. it says navajo families need jobs not talk. vote for jobs. . >> what issue is important to you, your community? >> just jobs. this community, this navajo nation needs jobs really bad. >> a lot of people don't really work because it is hard to get a

and those concerns heightened quite substantially, as of the last "beige book." >> yeah.ou heard him there, jerome powell. and he says that business conditions really changed, sentiment really changed going back to may the 1st. that is when the rhetoric ratcheted up for u.s. china trade tariffs. but also interestingly enough, also asked about the new facebook cryptocurrency, how the federal reserve views libra. >> given the possible scale of it, i think that our expectations from a consumer protections standpoint, from a regulatory standpoint are going to be very, very high. >> there you go. wide scope for the federal reserve for enforcement. the market has 100% penciled in a rate cut for next month. back to you. melissa: wow, susan, thank you. connell: talk about microsoft. microsoft was a drag today on the dow. you see the stock down 3%. jackie deangelis more from the new york stock exchange. reporter: connell, that's right. microsoft was down 3% a loss leader on the dow, contributing to a 179-point loss today. comes from a report from jeffries. analyst saying valuation

on friday you will get an opportunity with the payroll number coupled with today's beige book that looks e everything is quite fine coupled with the comments from yesterday to hear that good news will probably beat bad news for the equity market because i think equities have priced in way too much fed here. i think the bond markets are way too ahead and it's equity markets that i would be concerned about. >> can we push back for a second >> so when you're talking about the fed and if the fed cuts once or twice that doesn't -- doesn't make me feel good. >> let me ask you something, so we have the same set of data, right? would you rather have the fed do nothing on it or would you rather have the fed cut on it? the data is what it is and the economy is doing whatever it's doing. i would rather have the fed becausemortgages are cheaper, having debt is cheaper. >> if you look at aprs and credit cards we were at 20-year highs and revolving loans and your question is a good one which is with the same data wouldn't you have a lower rate environment. i'm telling you the fed will need to see wors

could get as many as three fed rate cuts leading the dow down here, walmart, microsoft, leading the "beigeook." that doesn't talk about any of the trade talks here, not in this report. meanwhile adp number right here, private sector job growth a huge disappointment. 27,000 private sector jobs added. we were expecting 180,000. so big downside. the only positive i think that the markets could take out of this, this is what traders were telling me, that this adds fuel to the fire for people who are pushing for a rate cut. again, rate cut is the big headlines here. talk about a couple stocks here. gamestop down dramatically, some 30% or so. and that is because they had a horrible report. earnings report there. they're at a 16-year low. listen, investors have sold short 39 million of the company's shares that represent 40% of its float. >>> uber also interesting today, that company trading above 45. that was the remember, the offer price at its ipo? good news for ipo investors there. what happened? well good news for uber. 20 firms launched coverage of the stock this week. 17 with a buy rating.

it is a two-story building with beige stucco.nd alongside of it is a three-story building that was also part of the stonewall inn. this is in greenwich village in lower manhattan. host: what do the monuments represent? guest: when obama referenced stonewall alongside seneca falls and selma in his inaugural address, it really signaled the recognition that lgbt activism, the lgbt movement was part of the broader aspirational struggles for social justice in the united states. that was a very powerful, symbolic statement on the part of obama as president of the united states in the first african-american president of the united states. and then establishing this monument here is another way of signaling the road that has been traveled over the last 50 years or even longer to achieve lgbt equality, a still unfinished process i might add. it is quite complicated with the stonewall national monument because this is an action on the part of the federal government which for many many decades was quite , oppressive toward lgbt people. stil

beige stucco. it was also part of the stonewall inn. this was greenwich village in new york city in lower manhattan. steve: what do the monuments represent? marc: well when obama referenced stonewall alongside seneca falls and selma in his inaugural address, it really signals a activism,n that lgbt the lgbt movement was part of broader aspirational struggles for social justice in the united states. that was a very powerful symbolic statement on the part , of obama as president of the united states as the first , african-american president. and then establishing this base this monument here is another , way of signaling the road that has been traveled over the last, not just 50 years but even longer to achieve lgbt a quality, a still unfinished process. it is quite complicated with the monuments because this is an action on part of the federal government, which for many , many decades was quite oppressive towards lgbt people. still we have problems with federal policy, and so there is a kind of paradox, right, that the federal government

he's chief economist at the beige book. in late 2008 he authored a series of papers that chronicled the end of pro market china's reform and predicted economic stagnation in china. he's written multiple papers on the best course for indian economic development. and before joining he was the senior research fellow in the asian studies center and anneha taught economics in hong kong and served as an action officer. he has a bachelor's degree from the university of michigan and masters from the university of chicago and a doctorate from stanford. to his left ambassador allen who served as president of the u.s. china business counsel. prior to joining the counsel he had a distinguished career in government. service beginning in 1985 at the department of commerce's international trade administration. earlier in his career he served as director of the american trade center in taipei and was at the u.s. embassy in beijing and spent several years at the u.s. embassy in tokyo. he burned on a china, mexico apex summit at the national