Global markets have tumbled at the start of 2019 extending the sharp losses of last yearMore
05 January, 2019, 03:09
"If the president asked you to resign, would you do it?"
The heavyweight FAANG stocks - Facebook Inc, Apple, Amazon.com Inc, Netflix Inc and Google-parent Alphabet Inc - surged between 3.6 per cent and 7.8 per cent, bolstering gains on the S&P and Nasdaq.
DXY's up move to the 96.60 region, or session highs, is now an ephemeral memory as a outcome of the dovish tone from Chief Powell's speech at the annual meeting of the American Economic Association.
Investors have grown nervous in recent months, anxious in part about moves by the Federal Reserve to increase interest rates, despite signs of a global growth slowdown.
Asked at an economic conference in Atlanta if he would step down should Mr Trump request his resignation, Mr Powell said, "No".
Powell had been sitting next to former Federal Reserve chairmen Janet Yellen and Ben Bernanke when he was asked about his impending meetings with the President regarding Fed policy, which the President has emphasized in the past as the number one problem with the economy. No face-to-face meetings have been scheduled, he added.
He also defended the Fed's rate rises, pointing to strong economic data that suggest businesses and households can handle the higher costs.
Jerome Powell, chairman of the Fed said: "Markets are expressing concerns about global growth in particular, that's becoming the main focus and trade negotiations which are related to that". "And particularly with muted inflation readings that we've seen coming in, we will be patient as we watch to see how the economy evolves".
The Fed is "prepared to adjust policy quickly and flexibly" to support the economy, he added.
The dollar weakened, Treasury yields advanced and US stocks surged to close 3.4 per cent higher on the S&P 500 Index as investors interpreted the Fed chairman as sounding as if he sees scope to wait and see how the economy performs before raising rates again.
"If we ever came to the conclusion that any aspect of our plans was somehow interfering with our attainment of our statutory goals, we wouldn't hesitate to change it, and that would include the balance sheet, " he said.
On Wednesday the country's health ministry reported 608 Ebola cases and 268 deaths since the latest outbreak began in August. Since then, the virus has been infecting people from time to time, leading to an outbreak in several African countries.
As a clear sign of that diplomatic shift, Bolsonaro plans to move the Brazilian embassy in Israel from Tel Aviv to Jerusalem. Trump congratulated Bolsonaro in a Twitter message, writing "The USA is with you".
Brown has come to the forefront of the college football world in large part because of two defining upsets the past two seasons. Brown played high school football in Danville, Kentucky, which is less than 200 miles from the West Virginia border.
Reigning US Open champion Naomi Osaka beat local qualifier Destanee Aiava, hitting nine aces during a routine 6-3 6-2 victory. But she couldn't convert, and from there the match was Osaka's as she took the first set's decisive break the following game.
Yet through all of this, RIshi and his family had kept mum about the ailment that the "Bobby" actor was being treated for. In the caption, the veteran actress made a special wish hoping that cancer was merely a zodiac sign.
The Real Estate Board of Greater Vancouver says sales on the Multiple Listing Service plunged 31.6 per cent to 24,619 in 2018. More than 371,000 Vancouver Island property owners should receive their assessments in the mail over the next week.
Butler's intense style has rubbed some people in the past wrong, which makes his fit with the organization long term a concern. Butler would be looking for a more traditional style of play instead of the unconstrained offence the Sixers now display.
It appears that Valve might be getting the Half-Life gang back together with the return of Episode 1 and 2's writer, Erik Wolpaw . Wolpaw's return to Valve comes after Portal 2 co-writer Jay Pinkerton also returned to the company in 2018 .
The victor of Group A will most likely face the defending champions Roger Federer and Belinda Bencic of Switzerland in the final. Germany and Australia now both have two wins from two in Group A and will meet each other on Friday.
Others Sweeteners may not help lose weight
Artificial sweeteners may reverse weight loss journey, research claims that has been recently disclosed by the journal The BMJ . Seven to 10-year-olds should have no more than 24 grams, and children aged 11 and over should have 30g or less.
5 teenage girls killed in Poland "Escape Room" fire
President Andrzej Duda tweeted a message of support to the families of the victims, calling it a " devastating tragedy ". Five teenage girls have died after a fire broke out while they were playing an escape game in northern Poland.
Lotto Jackpot Winners Reveal Plans To Give Away Millions
We always said if we ever did win, £4 million or something, there would be four million other winners and we'd get £1. Speaking to the media, Frances Connolly said the money will be shared between family, friends and charitable causes.
Apple Says Cheap Battery Swaps To Blame For Wonky Sales
The lengthy letter cites, specifically, that people are buying fewer iPhones because they are repairing their old ones. Apple's decision to cut its sales outlook, "isn't a huge shock at this point", said Shannon Cross of Cross Research.
U.S. jobs report boosts stock market
Asked at an economic conference in Atlanta if he would step down should Mr Trump request his resignation, Mr Powell said, "No". Data released earlier on Friday showed USA employers added the most workers in 10 months as wage gains accelerated.
Bankers arrested over "Mozambique fraud'"
The three men, all former Credit Suisse bankers, have been released on bail and now face extradition to the U.S. on the charges. They are also alleged to hace exchanged emails in which they discussed kickbacks by referring to millions of chickens.
Britney Spears cancels Vegas residency to care for dad
Ticket refunds are available at point of purchase and Ticketmaster customer service can also be contacted at at 800-745-3000. She added that she was "so grateful" that her father survived the ailment, 'but he still has a long road ahead of him'.