for more on this let's bring in our financial correspondent jens korte in new york. ns, fed chair jerome powell just finished speaking at the new york economic club. tell us more about what he had to say. jens: well, overall he is quite upbeat when heooks at the current economic situations in the united states. there are no signs of a recession on the horizon yet. and at the same time, also, inflation does not seem to be too high at all. and that all sounds pretty well, but maybe just one comment to the debt situation in the united states. we see record levels of debt, and that is true for consumers, that is true for corporations, and certainly that is also true for the government. christopoph: so the fed,d, quite concerned about financial stability, yet the u.s. economy seems to be in good shape. what does this assessment mean for the federal reserve's intention to further raise interest rates? jens: it still seems pretty likely that we see the fourth interest rate increase at the last fed meeting in december. it would be the ninth interest rate increase since decemb

let's bring in jens korte. what do investors make of the workforce of a global company walking off the job? jens: we see overall a pretty tight labor market and we see a fight for talent, especially in the i.t. industry. wall street is on the hunt more and more for i.t. people, meananing that employees at a company like google do have certain leverage. it is not the first controversy year. earlier, they had to pull back from a contract with the pentntagon, over some google employees have left and ththe is also the controversy about a a possible censod d search enginie for the chchinese market. employees have also actually said they are not happypy with isis developopment either. all of that theoretically could have some impact on googles businesses, even if wall street overall is not too concerned in regards to google and the stock price at this point. christoph: in other use, donald trump says he has had a very good talk with his chinese counterpart. do people on wall street see an olive branch in this bitter t