days later what jerome powell was saying. it is about the narrative coming out of the fed. what is your narrative, fed, given what larry kudlow said. you're meeting dual mandate. the markets could have given that to say no more rate hikes until next year. i'm not sure odds of a rate cut. fed funds future slice of that market. ashley: let's listen hear what mr. powell has to say. >> we've seen pessimism in economic surveys. we saw blockbuster jobs report this morning. you have been optimistic about the economy. is that changing? what is your outlook for the

jerome powell earlier today. by a couple of people who had that job before him there, of course, ben bernanke and janet yellen. they know the pressures of that job. of course, they didn't have to contend with a president who wanted public reviews about firing them. having said that, you might notice jerome powell constantly referring to those notes of his. perhaps i make too much of a big deal of that but he wanted to make sure he had the wording exactly right, that the fed was going to be still data-dependent but the signal clearly, whether that was exactly as he intended, was to pretty much say we're not going to pounce too soon, responding to any of these developments, including a very strong employment report today, where we had better than 312,000 jobs enter the u.s. economy in every major sector from construction to restaurants and bars, manufacturing and retail, and at least 40,000 jobs. we got michael lee and dave nagy joining us. this was a very strong report so the fed chair's comments were all the more

jerome powell. known as jay powell.plause] jay, you were nominated to be a chairman of the fed by president trump. you had previously served as a member of the fed as your pre severs had as well, ben bernanke and janet yellen both served as members of the fed before they became chairs. you've been a member and chair. is being chair all that it is cracked up to be? [laughter] >> thank you, david. great to be here today. so i did, i was governor six years and i think i had every job on the board of governors there is to have other than chair and it's a very different job. whereas i was focusing on a million different things, now i'm focused on economy, public communication, monetary policy and the institution. so it is quite a different thing. yes, it is a great job. it's a great honor to come to work every day. >> you enjoy the job but don't wish you were just a member? >> no, i do enjoy the job. i really do. i'm freight e grateful for the opportunity and enjoy it. >> you find as chairman your jokes are laughed at more q

much for joining us this morning, global head of debt and rate strategy from i.n.g. >> fed chair jerome powell says the central bank will ultimately have no choice but to face up to the ballooning levels of u.s. debt for more on powell's comments head online to cnbc.com. and coming up on this show, jaguar, land rover and ford announce sweeping job cuts as brexit concerns weigh. we'll have more after the break. ♪ did you know you can save money by using dish soap to clean grease on more than dishes? using multiple cleaners on grease can be expensive, and sometimes ineffective. for better value, tackle grease with dawn ultra. dawn is for more than just dishes. it provides 3x more grease cleaning power per drop, which cuts through tough kitchen messes, pre-treats laundry stains, and even tackles grease build-up on car rims. tackle tough greasy messes around your home, and save money with dawn ultra. brand power. helping you better. (danny) (client's voice) ...that you're not using smarter tools to manage your business. you work too hard to work this hard! collecting receipts? is it the 80s? does

and plus jerome powell addressed the markets. we'll hear from him live and a double upgrade for a stock traders love to trade. the "halftime report" starts right now. >>> welcome. good to have you with us on this thursday we are here to debate the biggest trade stories of the day. we begin stocks reacting to disappointing retail news, but it is that comment from former hedge fund that got our attention. the billionaire saying that despite the recent selloff, the bull market is far from over >> my belief is that we're in a secular bull market, in ret retrospect it started in 2009. and i think we're halfway through it >> halfway >> secular ten years in, ten years to go. >> so vinik used to be at fidelity you were at fidelity what do you think about this call >> well, i mean far be it from me to say jeff vinik is wrong. he is a guy that is very, very smart. he is a fantastic investor he makes big bets. he often makes big macro bets. so he is looking at the indicator, saying there a lot more to go or even if we have had a bear market

spoke to clarify what jerome powell spoke, so jerome powell today being very clear that yes, theyvarious tools at their disposal and they are going to be patient and flexible and nimble as they were in 2016 when the economy hit a soft patch, and he said we will avail ourselves of all tools, meaning the balance sheet, that's when the market really started to move towards 600. ashley: well, he did mention the very strong jobs report today and kind of praised the economy in that sense. let me bring in on that point paul conway, former labor department chief of staff. paul, when i first heard the number, i think the estimate was somewhere in the 170, 180 range. they said 312, i thought i misheard it. this is a blowout number, would you not agree? >> yes, completely. i think this is one of the things that on fox business, you folks have been advocating for policies that actually create the terrain for growth, and here you have it. now we actually are breaking 300,000 and i think it's a blowout number. i think it's great. i think it's fantastic backdrop for the president for his meeting

it seems like we are always trying to read into the details of jerome powell.hat more does the market need to hear? guest: i think the market probably is exaggerating a little bit on the idea that we will not get any rate hikes anymore this year. we still think we will get one. and then a pause after the september rate hike that we foresee. the economy is slowing, but nowhere near where powell is saying. the labor market is strong. the trade element is there to leave concern about growth, and that is really the key. the fed can try to communicate but we need to look at the data because the fed is looking at the data. that will give us an indication. nejra: with market expectations, fed hike so low, what is going to drive dollar appreciation you expect? willem: we still see mild dollar appreciation. the market is expecting zero, whereas we expect one. then simply, there is the the level inin europe versus japan. that continues to attract some flows there. ultimately, the u.s. dollar in this environment, is a safe haven. when risk appetite is high, the u.s. dolla

wall street was reassured by comments from jerome powell — the head of america's central bank.d by president trump for the bank's decision to raise interest rates. mr powell was asked if he'd met the president yet — amid reports that mr trump had considered firing him. meetings between presidents and fed chairs do happen. and they've happened, i think... and i cant‘t think of any fed chairs who didn't eventually meet with the president. but, again, nothing has been scheduled and i don't really have anything to report on that. if the president asked you to resign, would you do it? no. joining me now is our business reporter kim gittleson. a very emphatic no to president trump asking him to resign, and whether he would come up what was the reaction on the markets to that kind of statement? investors like to see a more assertive fed chair saying his independent and will make the decisions he will make based on economic fundamentals. we have not heard much comment from the federal reserve in the wake of harry criticism from president trump for the bank's decision to raise interest

as we have been saying, jerome powell says he is prepared to adjust interest rates.sh criticism in the past from president trump on the us fed. is that any connection there? it's interesting, some people could say he is capitulating to president trump, who said please don't raise interest rates, i think a lot of investors have said he's paying attention to the fundamentals, and the fundamentals have changed. we've seen a slowdown in chinese economy, that has affected american companies like apple, which said it would miss its revenue target in china, and so he said the fed had some wiggle room when it comes to raising interest rates. we've seen some good job figures, and that has had an impact on the stock market, even though the stock market has been pretty volatile over the past few weeks. we saw these big gains on friday. the us economy added over 300,000 jobs in december, that's significantly more than many analysts were expecting, and even though the unemployment rate ticked up slightly, that's seen as a good thing because it means that many more americans were

. >> as i introduced you before, i said your name is jerome powell. people call jay. why don't you use jerome >> my dad was jerome before i had a vote on it, it was decided they didn't want two jeromes or two jerry's my mom would call my cad jerome when he was in trouble >> so you're never called jerome >> lots of times people in life say i made a miss take i'm sorry. >> how does the fed ever say i made a mistake i did something wrong. you never admit a mistake if you never make a mistake >> monday taker policy is forward looking. what we do is we try to change course history, you have to judge a decision by what you know at the time so quite often, events after a decision will decide whether it looks like good decision or not. realistically, you're making in it forward motion paced on what at the time. as i mentioned, we're very flexible in departmenting our policy if the economy moves as it often does in ways we don't expect we'll look back. ben bernanke looked back in the pre crisis area and pointed out that all bank regulations supervisors, so that's a confession o

rishaad: jerome powell speaking there. let's look at frontier markets.off mode in 2018. trade war, strength of the dollar, oil price up contriving to negative sentiment. yvonne: the 10 year performance we have seen to compare frontier markets, em, and dm. a lost pretty much decade, what citigroup calls it with a 9.5%. sawared to the 7% rise we from em. dm, 112%. our next guest sees positive for asia's frontier markets. the senior investment analyst from asia frontier investment. if you look at a chart like that, you wonder why you should delve into this asset class, but what is the bold case you are making? chart made good points but long-term, especially asian frontier markets, many markets are domestically driven, some countries will be among the fastest growing globally in the coming years. maybe the frontier market index at markets in africa growing 4% gdp growth, oil price in nigeria and issues in africa, as well. on a combined basis, there could be issues but in asian markets, vietnam, there is a growth perspective. rishaad: sure, you get 7% plus g

. >> jerome powell spoke on a panel alongside janet yellen and ben bernanke where he said the fomc was always ready to ship policy if needed. >> we reached a different conclusion. we wouldn't hesitate to make a change. if we came to the view that the normalization or any other aspect of normalization was part of the problem, we would not hesitate to make a change. >> joining me now is the chief economist at somber financial. the debate for the market is between data and rhetoric. it isook at the data, was blowout as the headlines suggested? it as blowout a set of data as the headline suggests? >> it is backward looking. markets are focused on the outlook. good and jobs rate was wages are up, it's interesting jerome powell decided to say we are ready to listen to markets. said that, he is not at all. he has been steadfast about looking at inflation and unemployment. >> to a certain extent, we have been using this chart. the market is pricing in no hikes for 2019. rate cuts and 2020. -- ingument would be 2020. the argument would be that this set of data, perhaps the market is in denial.

in the fed will be patient as we see how the economy evolves those sweet words from fed chair jerome powell were all we needed to ignite a rally that almost no one saw coming dow up 737 points. nasdaq pulling more than 4%. this is literally what we have been begging for on the show since the first week of october. begging. almost since powell outlined his rash, dogmatic view on the need for four more rate increases, i have asked repeatedly that it not be done. that the fed simply tighten one more time in december and wait and see what the day that tells us somehow, this was regarded by many commentators as a radical position radical. how about reasoned bizarrely, no matter what i said about the weakening data, powell could not be shaken from the data the economy was red hot and we needed more inflexible rate hikes. he was inflexible. like many people, i began to feel powell wasn't targeting some weird model he was targeting you you. that's right targeting employment itself. trying to drive down demand for workers. like you create some slack in the labor market for you yeah slack. that's wha

federal reserve chair jerome powell reassured language around the fed, being patient and flexible aroundetary policy as we look to 2019 on top that we had the pwoc cut. today this drove widespread rally across, u.s., european and then overnight asian equities, but today we're seeing a little more caution focus is firmly turning to u.s./china trade talks that kick off today. i want to take you through european markets and see how the regions are fairing this morning a little bit of a mixed picture. the best performer of the bunch the italian index up about .45%. but across the board, you can see no massive moves investors, buoys by the comments of the china foreign ministry around their willing tons resolve the trade dispute with the u.s., i a sssuming it is on equal footing. i want to take you through the sectors and see how the different sectors are fairing this morning at the top of the leader board, basic resource is up more than 1%. that's the most trade sensitive china exposed. seeing a big rally there on the back of trade talks will put some rez tlugs at the bottom of the leader bo

jerome powell indicated today he was not going to raise interest rates. often the feds do this to prevent inflation. >> what he was doing is responding to intense criticism he got last month after the fed said they would raise rates in december. he said he would listen to the market and there was a perception they were going to raise rates automatically like on autopilot. today he sraise rates. that was a very important part of today's tremendous rise in the market. >> raising interest rates can cause a slowdown in the economy . >> it is a balancing act. it is tough for the fed. they want to moderate inflation and they've done a very good job of that. if you raise rates to quickly as alan greenspan did, it can start a recession. >> jerome powell made that announcement after the job report came out. the economy added 312,000 jobs. >> the estimate was for 180,000 jobs. the economy is good. to paraphrase mark twain, the death of the economy has been slightly exaggerated. the wages are rising and that's really good. consumers have more money. corporate earnin

hear froms, we will jerome powell more extensively. >> absolutely. it was very clear last night the minutes were more dovish than the initial statement. i would not get too carried away. powell emphasized that last week. if the data improves in terms of inflationary impulse, because oil markets are rallying, they might hike a couple of times. it looks like they are more willing to posit. we might not feel that first hike until march. one of the thing the market needs to change its mind set on, there was only going to be a change of policy. at one of the quarterly meetings. now they are theoretically lie. we are not expecting anything in january, february is too soon. that it could be in april, it could be in may. i don't think investors are programmed in that mindset. anna: let me ask you about oil. when we have been distracted i other matters, you brought us back to the relevance of the oil price. we saw prices jump into bull market territory. >> oil prices are surging. i think they can rally a lot further in the next couple of months. they have prob

at one point, jerome powell, the mere prospect of the president firing or getting powell to resign caused a lot of unease in the christmas period. that's now off the table. >> when you are looking at the jobs numbers we are seeing, what are you reading into that? >> i see excellent news from the u.s. economy's point of view. more people are coming back into the workforce unemployed and therefore previously people thought there was no way i'm going to get a job. they didn't appear in the unemployment statistics and they are looking again. that's why unemployment ticked up a small amount. if you look at the other barometers, unemployment is good and new jobs very healthy. adjusted at over 300,000. the worker participation rate was good. average earnings, this is the barometer to tomorrow if ordinary americans are getting a benefit from this growth. it would appear to suggest they are. here's the double-edged sword. i cover economics and as you know, i always have an umbrella because it's not always sunny. as long as the numbers are good, jerome powell of the fed has good reasons to keep rai

. >>> and fed chair jerome powell also boosted investor enthusiasm for stocks today when he said the central bank is not necessaril a fixed path to at push interestes higher. steve liesman has more on that tonight from atlanta. >> reporter: a superstrong jobs report would norlly raise fears of more interest rate hikes from the federal reserve but n with today's report of 312,000 jobs created in decemberas the , a dovish sounding fed chairman jerome powell m tellinkets what they wanted to hear. he is flexible and not he-bent on raising interest rates. >> we will be prepared to adjust policy quicklyxi and fy and to use all of our tools to support the economy should that be appropriate to keep the expansion on track, to keep the labor marke t strong and keep inflation near 2%. ak >> reporter: sg at the american economic asmoerks in atlanta flanked by former fed leaders powell tried to counter critics who said that the fed is not attentive to market and fierce of slower growth. >> markets were expressing concerns again about global growth in particular. i think that's bnoming the m focus

do you expect anything fireworks wise out of that discussion between jerome powell, janet yellen andernanke? >> i almost think it's a situation where good news could potentially be bad the market is desperate. 16 days ago we heard jerome powell be very hawkish, very adamant, take a strong line about that balance sheet the balance sheet that was blown up by bernanke, by janet yellen. so it will be interesting to see if he throws the doves a bone and makes ill lusions to the fat that there's been softening and takes a harder line saying we are truly data dependant that's what markets are looking for. this is non-farm payroll friday. normally futures would be flat and they're up markedly. i think markets are anticipating a doffish ti idovish tilt off o today when his speech hits the wires. >> danielle dimartino booth, thank you very much. >> thank you. >>> that does it for the show. let's look at futures right now. we are seeing what should be a nice, solid opening for the stock market the dow jones up by 300 points at this point. the s&p up by 35 the nasdaq up by 115 remember, a big jo

so yes, much more market-friendly behavior from jerome powell yesterday and so the markets have reacted favorably as a result. cheryl: he is being criticized by some market watchers, analysts and even editorial pages and financial newspapers tore being a bit of a flip-flopper. he's new to the job. do you think he's struggling to kind of get his messaging out to the market? >> well, he did admit yesterday at the beginning of the interview that he really needed to work on his communication skills, as chair of the federal reserve. i think he's in the process of trying to work on those communication skills. i think the performance at the december fomc press conference did throw a curve ball to the markets as i expected no expecte itch commentary amid uncertainty in the global economy china in particular. i think in some ways he is learning on the job. cheryl: i guess that happens to everybody. i want to read comments from one of our contributors here, gary, on fox business. he kind of said -- he goes there were a lot of questions a that weren't asked yesterday, he said it was too cutesy of

jerome powell told us he was in terms ofutopilot reduction of balance sheet.ave a great chart which shows kind of a global view. maybe u.s. investors are not think about this all that often. here in white is the fed's balance sheet. we are declining, but they're in purple you have got the bank of japan. obviously massive balance sheet. in blue you have the european central bank. it was the biggest in 2018. not china has once again overtaken the ecb. these other global -- now china has once again overtaken the ecb. these global balance sheets are expanding. does this quantitative tightening work almost like an administrative job? dennis: i will depend on my experience having been in the fomc meetings for 10 years. global conditions, including global balance sheet conditions and such, are a consideration, are monitored, but very rarely are they really a critical factor in a decision. the fomc, by law and by nature, is focused on the domestic economy. so what is the right thing to do with its own balance sheet at this stage? and whether or not, for example, is ve

before fed chief jerome powell spoke those words, we decided we would check on two metrics. moved like crazy after he said that sentence, while the other stayed put, static. fed funds futures held at a 0% chance of a rate hike in both january and march. they're still there right now. didn't even so much as twitch. but the dow jones industrials, which right before he used that flexible word, up 433 points, suddenly took off for the moon. you see at the high of the session we were up 832 points. we're still up 742. to bankrate chief financial analyst greg mcbride. greg, is it clear to you powell just sprouted wings to become a dove? >> well, if you're an investor, today is the greatest day you could have hoped for. you get this blockbuster jobs report that shows the sky's not falling, that the economy's in good shape after all, and then at the same time, you get the fed saying yeah, we're going to be flexible, we're going to be patient. you know, to see that the economy's in good shape and know that the fed is flexible, and i think that's really the message here. the fed's not

we will be focused on what jerome powell has to say. coverage of jerome powell speaking at the annual meeting of the american economic association. london time. let's check in on the markets. juliette saly has that. it certainly is that story of japan. index,look at that msci it is higher at 0.6%. the gain from chinese equities. service index coming through. li visit aen premier number of banks. oil stocks rally. catch-up tolaying four days of holidays. down by about 3.5% on the open. australian market closing lower. weakness in taipei. let's have a look at some of those stocks in detail. the tech sector getting hit. japan has had a chance to react. down 2.8% on the close. 2.4%.ple supplier, down the worst performer, beijing capital. we are hearing news of a separate airport coming through. there are concerns this could lead traffic to the new airport and take it away from beijing capital international. overall, it is looking like a brighter sentiment as we look to trade talks on monday and tuesday. anna: at least they are set to talk.

jerome powell says policy played no role. unilever seeing sales growth at the lower end of its range after a tough year ahead. we will hear from the new ceo, alan jope. diplomats tell bloomberg the eu will not offer theresa may new concessions on brexit before the next about on her deal. optimism in the u.k. economy falls to a seven-year low. it is good to be back. a very good morning to you. matt: good morning to you as well. less than half hour away from the european open of stock trading. u.s. treasuries, very interesting picture over the last three days. we did see a lot of buying. a lot of buying pushing the yield down yesterday as jay powell spoke. markets realized the fed really was going to pause and take it seriously. now we see another bout of buying in the last 10 minutes. you can see the yield has fallen even further. 2.66% on thewn to 10 year treasury yield, off 7, 8 basis points in the last 24 hours. as far as futures are concerned, we see gains. you saw a huge dump -- a huge jump yesterday. the s&p up 1.5%. dax

on the back of jerome powell seeing there is no preset path for interest rates going forward. of course the jobs report which was blowout, almost twice the number of jobs expected for the last month of 2018. so dow, s&p 500, nasdaq, all positive, all in the green. for 2019. talk about individual movers. netflix soaring today, up 10% as it got on to goldman sachs's conviction buy list. the bank advises for its clients to pick up and netflix has had a pretty good year. up 30% over the past 12 months. lowe's, very exemplary of tight labor market. best year of job creation since 2003. lowe's adding 65,000 jobs in 2019. including 10,000 permanent positions. guys? connell: susan, carol roth, former investment banker, creator of future file legacy system. paul after ersano. we'll start with you first. we'll talk about the jay powell comments susan referenced of the does he have a feel for the markets to borrow a phrase? what do you think? >> he was flanked by his wing men there. yellen and he had bernanke and i think he had a better sense what the markets wanted to hear. not that sho

the next is jerome powell who will be speaking in a bit. mike, thank you for being here this week. >> was great >> you guys have a great weekend. we'll see you back here on monday right now it's time for "squawk on the street. ♪ >>> good morning welcome to "squawk on the street," i'm david faber with jim cramer we're live from the new york stock exchange carl quintanilla has the morning off. jerome powell, janet yellen and ben bernanke, that's a powerhouse fed panel we'll have live coverage of that starting in about an hour, hour and 15 minutes or so let's look at futures as we start with trading at the nyse in 30 minutes. we're looking for a higher open. european markets are in the green. at least they were the last time i checked. let's see how they are now yes. a very significant rally there germany's dax what a bad year last year. >> oh. >> up almost 2% now. you can see a follow through in france and the uk. ten-year note yield, 2.62. there you go wti, above 48. let's get to our road map. it does start with that surge in jobs, employers

is prepared to adjust policy quickly and flexibly, based on how the economy performs here is jerome powell's thoughts on this, talking about the fed strategy a little while ago. >> with the muted inflation readings we've seen coming in, we will be patient as we watch to see how the economy evolves but we're always prepared to shift the stance of policy and to shift it significantly if necessary in order to promote statutory goals of maximum employment and stable prices >> stocks are near session highs at this hour the dow up 622 points, 2.75% now, basically taking back losses in yesterday's ugly trading session. s&p up 2.8%, nasdaq up 3.6%, and the nasdaq 100 up just about 4% as well. tech stocks and material stocks are leading the gains today, but every sector in the s&p 500 is higher right now you've got crude, prices moving higher, treasury yields moving to highs of the day during this event. the dollar index which was higher this morning coming off just a bit let's bring in steve liesman live in atlanta. steve, a lot of focus, particularly from wall street now on comments around perceive

jerome powell gets a fresh charge to communicate and markets at a press briefing on monday. mario draghi addresses the european parliament today. lifts sanctions on three companies, including aluminum producers. the prices of the metal dip in london. ♪ manus: welcome to "daybreak: europe." we have rallied 13% on the s&p 500 since santa claus came on the 20th of december. what will the fed say this week? is it more important than the trade talks in washington? nymex crude is later, with three days of -- is likeghter, with three days of gains. the venezuelan standoff seems to be for the moment influx. in brent, the lungs are rising the most since august. let's have a look at the rest of the markets. we have a big bellwethers reporting this week as well. has had its biggest one-day drop since 2016. china's demand, this could be the canary in the demand coal mine. china's gas demand could drop in january. that would be the first drop we have seen in a number of years. it has gotten warmer, but we have some big shifts in some of these commodities, a whole variety of stories. nejr

climbed after better than expected jobs figures, and assurances from the us central bank chairman, jerome powell. he said he was prepared to adjust interest rate policy quickly and flexibly if needed. the dow jones closed on friday up by more than 3%. police in india say a third woman has defied traditionalists and entered a hindu temple in the southern state of kerala, after two others set foot inside on wednesday. the shrine has become the focus of a prolonged showdown after india's supreme court overturned a ban on women entering the temple. in a quarter of an hour, newswatch. but first, it is time to click. music plays. yeah, we did all that and more last year, and this week we're going to look back at some of our favourite moments, and also look ahead to what we might expect from 2019 — which doesn't quite roll off the tongue yet, does it? 2018 was a great year for sports — the world cup, formula one and of course, cycling's tour de france, and we delved into the technology behind them all. the sensors on the bike send real—time location data to a nearby vehicle, which then beams it up to a

federal reserve is going to increase interest rates anytime soon at the same time fed chairman jerome powell was quite optimistic that the u.s. economy overall is on the right track. yeah there on wall street for us thank you for your analysis the economic slowdown in china has struck e-commerce leader ali baba its net profit increased thirty seven percent and the latest quarter that's the slowest expansion in more than two years a far cry from the fifty to sixty percent growth it's used to gains in cloud computing and other businesses managed to offset hits to its core business online retail. results were closely observed for signs of the u.s. china trades taking its toll on the chinese consumer goods sector. now the search for eternal life can lead you to unexpected places like the bulgarian village of sea it's home to what's become a very popular product and a tourist attraction in its own right if you've never heard of lock. well this next report may just change your life. see lies in the middle of the bulgarian rideau pea mountain range near the greek border. recently signs in chinese a

weeks and just remember especially in early december when stocks tanked and then fed chairman jerome powell hinted that the federal reserve might be done at least for now to increase interest rates and that really started the rally that we saw in a generator for the s. and p. five hundred it has been the best generally since ninety in hades seven so really quite a performance but we also in the past couple of days and weeks had some earnings reports so they were not all picture perfect but wall street only knew one but button and that was the buy and not the sell button younes quarter there on wall street for us thanks for your analysis just a month remaining until a temporary trade truce between the u.s. and china expires potentially triggering additional u.s. import duties on two hundred billion dollars worth of chinese goods the last two days saw top officials from both governments working overtime to secure a deal before that happens u.s. president donald trump has said no final accord will be signed until he meets with his chinese counterpart xi jinping so far it doesn't appear as if e

fear of a slowdown in the markets and has been in the past week and even months even fed chair jerome powell said so today which by the way gave the docs another hit. he would be watching the markets but we're going to have to look at the data and the data the economic data is not very clear it's mixed today we've got positive news on the on the jobs report for example. popular joke goes the markets predict nine out of five recessions. so that fear factor may be maybe a problem in itself some economists say that if we worry too much without reason we may actually cause a downturn because we're investing too little and thereby creating economic problems across the boards in frankfurt. christmas has come again for those living along the dutch coast toys furniture and t.v.'s have been washed up on beaches after a cargo ship lost a heap of its content is some of the dangerous goods. as almost four hundred meters long the amnesty. zoe is one of the biggest cargo ships in the world this footage from the dutch coastguard shows containers becoming dislodged before tumbling into the sea. two hundred

all eyes are on the dollar following remarks by federal reserve chairman jerome powell that the central bank could be patient with plans to raise interest rates powell had previously suggested the fed would raise interest rates at least twice this year despite concerns this could throw the u.s. into recession for hikes last year join unprecedented angry response from president trump who accuse the fed of threatening the country's economic boom powell says the fed won't be swayed by politics. and that's your business update here and you can find more on our website at www dot com slash business or follow us on twitter thanks for watching i'm seeing theirs in berlin see you soon. in news and he made it instead. he was the youngest employee to ever make it here to use national t.v. . he once more the james of playing professionally in jimmy's going to. come to meet him on this is first time in zero. quadriga the international talk show for journalists discuss the topic of the week as the new year gets underway germany has become a known permanent member of the united nations security counc

after the decision was announced, jerome powell said the us economy remains strong but he also learned strong but he also learned of crosscurrents, citing slow in growth in china and the eu as well as brexit and trade talks and he seemed to have a warning for politicians in washington about the damage should there be a second us government shutdown. if there was going to be a permanent or lasting effect it would be from a longer shut down or perhaps a second shutdown and that would be through the channels of lack of confidence and the ability of making policy in the us. the reaction was instant. part of the reason is that it caught many people by surprise. after all, for the past two years, the federal reserve had in raising interest rates. now it is taking a pause. it's two months to go until britain is due to leave the european union — all today we are looking at the impact brexit could have on businesses and the economy on both sides. there have been warnings of empty shelves in supermarkets if britain leaves without a deal — but would that really happen? anna holligan reports now f

fed chair jerome powell said he won't step down if the president asks him to.r we have seen four rate hikes under this fed chair. he also learned a lesson about running off assets on the balance sheet. he said he'll watch the consequences of the fed actions much, much more carefully. listen to my reports three times a day on the salem radio network. joining me, gary, this was a special day in what has been a lot of crazy volatility. today the fed and the jobs report coming together as one to boost prices. your thoughts on the day. >> that employment number surprised the heck out of everybody including me, and far and away above any expectations. you have combine the with a fed who finally said something to the effect we are watching the markets because they have been so far down. you combine it how far down and you get what we saw today. and hopefully it continues. i must tell you for the last few weeks we have seen durable goods down. then boom the employment number that basically blocked all that out. that is great, great news. there is nothing bert than the

we heard comments from fed chair jerome powell today. we seem to be a little bit optimistic. the bloomberg dollar index closing near the highs of the session. you talk a lot -- he talked a lot about how there are favorable dynamics and he also said we do not see an inflation risk as elevated and talked about the averages between optimistic economist views versus more pessimistic market view. he seemed to strike a little bit more of the optimistic tone. i want to look at the broader picture. we did break through some key levels, but that 200-day moving providing a lot of support for the bloomberg dollar index. a little bit of an uptrend with a 50 crossed above the 100 and june when the 100 crossed above the 200-day moving average, so we will have to see again if this continues to provide support, although we will have to maybe wait until march and get anye decision to confirmation. scarlet: we will be waiting and watching. thank you so much. president trump speaking and taking questions at the rio texas.in he said he would love to do a .uch bigger immigration deal the presiden

jerome powell in atlanta. comment in powell in speaking with chairman bernanke and chairman yellen. 10:00 and lawrence kudlow in the 9:00 hour. stay with us. this is "bloomberg." ♪ viviana: let's get the bloomberg business flash. they largest pharmaceutical deal will be a big payday for bankers. bristol-myers squibb agreeing to pay $74 billion for should celgene. according to lead analysts, they will share much as $85 million in celgene. citigroup could split as much as $110 million. for the third straight year, mercedes-benz is the top luxury car brand in the u.s., selling 316,000 cars and suvs, it beats bmw by fewer than 5000 vehicles. toyota was third, audi was forth after posting its first drop since 2009. the european union will begin to search for candidates to replace peter paris. euro area finance ministers will pick the new board number -- member next month. tom: thank you so much. let us listen to a newly minted speaker pelosi. >> we are not doing a wall. does anybody have any doubt we're not doing a wall? days, dayentful two three will be just as eventful. kevin cirilli i

jerome powell chaired the central bank the last 11 months. he is not an economist, this sounds like the start of a joke. what happens when a lawyer walks into a conference with 13,000 economists? we are about to find out. let's dive in first with you, chair powell. since the december fomc meeting market has been volatile, we've seen economic surveys, and a blockbuster jobs report this morning. you've been optimistic about the economy. is that changing? what is your outlook for 2019 and beyond? >> great to be here with you and janet and ben. i will talk about 2018 and then turn to the outlook. 2018 by so many measures was a good year for the economy and most of the hard data we see coming in remains quite solid and suggests ongoing momentum heading into 2019. you mentioned the jobs report. for those who haven't seen it we had 312,000 payroll jobs added, very strong number, unemployment remaining below 4% for 9 months, the longest period since the 1960s, labor force participation on the upside which is very welcome and wages which are continuin

on friday federal reserve chairman jerome powell, noting the strengths in the u.s. economy like the jobs market said, the fed will remain flexible.jerome powell / federal reserve chairman: markets are expressing concerns, again about global growth in particular, and trade negotiations that are related to that. and i'll just say, we're listening carefully to that.380,000 furloughed government workers were not factored into the report, the numbers were collected before the partial shutdown began.a shutdown that continues could show up in the numbers released next month.in washington, i'm karin caifa. let's get a check of the weather around the bay area.... the calm before the storm. time now for the 4-zone forecast... with chief meteorologist lawrence karnow. lawrence karnow: a series of strong storms are now headed toward the bay area and will impact the weekend. today we had plenty of sunshine with just a few clouds but the winds started picking up late in the day. its quiet on doppler radar now but the rain will be heavy at times late tonight and into tomorrow morn

jerome powell. you can see it here live starting at 12:45 eastern on "halftime report." d immediately following that, the man who is sitting down with powell, david rubenstein will join the exchange in a cnbc exclusive. you won't want to miss that. guys, i think if i had to sum up one word for the commentary we've heard so much of over the past week, it is patient seems to be the word of the week >> rick santelli would say flexibilities. you drew all those beautiful pictures and also got a note, major indices have crawled back off the lows during the session. still just about at break even, a bit of green we see on the dow, s&p and nasdaq as we approach the noon hour >> that despite the retail which has been a key feature this morning. >> yeah, that macy's miss did figure prominently david, thanks for sticking with us now the half >>> i'm scott wapner greatest bull market on record really only halfway done that is what one hedge fund heavyweight said on this network today. is he right? it is 12 noon, this is the "halftime report." >>> a man who made billions in the market

. >> the dow today, you can see it pulled back a couple of hours ago when fed chair jerome powell waspeaking we'll dive into what words drew the market low we're up 2/10 of one percent. >> going for five days in the row for the dow, the first time since october. for the s&p it would be the first time we've seen that kind of win streak since september. really gains across the board. did not look this way after the open today. >> slightly more defensive in terms of the sector performance today than past days but nonetheless as you say, five days again in a row for the dow would be a big win given what we saw late last year. >> 10% off the lows for the s&p 500. >>> today's top stories. we have the latest on the government 14shutdown and more n the retail tech. >> sara, they are going to feel the shutdown all the way over in switzerland. president trump tweeting that he is respectfully canceling his trip to davos. a smaller delegation led by treasury secretary steven mnuchin is still likely to attend but the president himself will not be there. right now president trump is in texas where

jerome powell, what more can you want from risk assess? -- assets> ? ave data that will pick up with the payrolls and data coming through with the powell story as well. certainly it may have honed a erves after a bumpy couple of weeks. here is the ftse, the dax, a high beater story after the results of which it played a little bit stronger today and we had a very decent session. 6838, the dax 10755, cac 4732. there is a small caviar i want to add. you can see when you go to the bloomberg, volume has been a little bit like. the average number that is where we have been today. it has been a light volume today, which is interesting given the rally we have seen. that is a look at the european markets. vonnie: they are selling treasuries and buying stocks, risk assets in general. we have the s&p 500 coming to session highs, up 2.6%. many are up, mattel, for example. yesterday, we have up, $47.84.utures let's look at other asset classes. well, emerging markets are faring, we have across the board, taking advantage of perhaps a little pause in risk of virgins

we have fed chair jerome powell set to speak on a panel that will garner investors attention as well.ack in the uk, we have data the price of uk houses grew at the smallest annual rate in almost six years in december, according to nationwide. the mortgage lender said monthly prices declined 0.7% missing forecasts. >>> as i mentioned, news on bayer out yesterday. a u.s. judge issued a ruling in a lawsuit against bayer that would restrain plaintiffs from introducing evidence seen as critical to their cases. the german firm is being sued in the states over round-up which is alleged to have caused cancer bayer welcomed the decision. as you can see on the chart, bayer shares trading up 3.9% >>> house democrats have approved two bills aimed to end the partial government shutdown. both reject president trump's demand for funding for a border wall but the legislation looks to be vetoed by president trump. we'll speak to tracie potts in washington sorry about that ahead of nancy pelosi's white house meeting, what did members of the white house leadership say about the shutdown as they took con

he has been down there with the interview -- for the interview with chairman jerome powell. what have we learned, like? eye-popping employment numbers, 312,000 jobs created, i was up, wages up, really strong numbers. he gave wall street the soothing words that they wanted to hear, saying that the economy citing the jobs numbers and strong consumer numbers in december remain strong going into 2019. we should see some slowing, but it does not look like it is any kind of recession worry at all. please set the fed is going to be watching and waiting and looking at the data, as he has said before. inflation readings as muted as they are, the fed can afford to be patient. patient is not exactly pause, but it is the language that market investors were waiting for, david. david: the stock markets may not have needed it because the job markets moved up, but even while they were speaking, they one of further, and even now as i look at it, they were are up 2.3 75%. one of the questions was -- what he resign? what did he say? michael: we did not think he would want to go anywhere near t

the federal chair, jerome powell said he will not resign even if the president asked him too. make of that? >> that question comes -- came as this panel that the federal reserve chair was speaking at today. because. trump has put so much pressure on him. he's been very critical of mr. powell by twitter, he's been very critical in interviews with reuters. that puts pressure on the independent central bank. when he asked about that today, he said no. that's a pretty quick and direct rebuke to the president. although people here have disputed whether or not president trump thinks he could fire jerome powell, the treasury secretary. he said that's not something that president trump believes he could do. >> trace: it is up for debate. jeff mason, good to see you. thank you. >> you too. >> trace: and updating fox's top story. the show down over the partial government shutdown. lawmakers meeting with president trump began as the shut down hits the two week mark. kristina partsinevelos live on capitol hill. >> lawmakers are working very hard to evercome this shut down impass. if anyth

taking their cues from wall street, which gained on friday, after the us federal reserve chairman jerome powellpatient about rate rises," and wouldn't resign if requested by donald trump. these markets are making gains after wild swings we have seen in recent weeks. market strategistjin ya pan gave us her view of this. weeks. market strategistjin ya pan gave us her view of thislj weeks. market strategistjin ya pan gave us her view of this. i think it is market gyrations we are experiencing with so many things it is bringing the uncertainty —— jingyi pan. whether you are talking about a late cycle, and also growth, some of the other things like us, china, brexit, creating uncertainties in markets, causing perhaps a little bit more unjustified feeling. of course, we know, here in the region concerns are about the slowdown in china. it has already hit big firms like apple, so is the chinese slowdown something that investors should be worried about? and think that will bea worried about? and think that will be a key concern for the market. certainly, to a large extent, the chinese margins are reall

. >>> federal reserve ghana two day meeting discussing strategy around monetary policy, jerome powell and other members are keeping interest rates on hold following a hike last december. let's take a live look at the big board right now and see how the stock market is dog. dow is up 40 points. >>> uk leaves the european union. british lawmakers are voting on a series of amendments. several issues on the table, britain's relationship with europe post brexit and where northern ireland stands after the split. a popular proposal with both sides postponed brexit for a few months to negotiate, they have until march 29th to decide. >>> fresh peaches, necklines and plumbs are being recalled. the fda says new york based jack vandenberg ink issued the warning including costco and wal-mart in 18 states. >>> let's get a check on the forecast, receive some clouds and rain the forecast. >> we are tracking a series of weather systems that will move in, storm systems that will bring that wet weather. so active weather pattern for the bay area. showers earlier this morning, weak disturbance, sales for