Rush Limbaugh


Rush Limbaugh

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Business News

Low global interest rates are here to stay "for the next five to 10 years," which should lead Fed officials to hold themselves accountable to their 2% inflation target, according to New York Fed President John Williams. He also said the Fed's response to inject liquidity into repo markets following a cash crunch in September had "worked exactly as we wanted." "As the level of reserves have been brought back to the appropriate level, we've seen money markets operate very smoothly." (SA)

Citigroup, Mizuho Financial and Bank of America have agreed to provide Xerox with up to $24B in financing for its takeover offer for HP Inc., sources told the WSJ. It's a sign the company is pushing forward with an unsolicited $33B deal that its larger rival had rejected as too low and not in the best interests of its shareholders. Xerox on Nov. 5 made the cash-and-stock offer for HP, whose market value has since risen to almost $30B, making it nearly four times Xerox’s size. (WSJ)


Remember the trade war? While events in the Middle East have certainly taken over investor attention, there was more good news on progress towards getting a phase one deal signed, with China planning to send top negotiator Vice Premier Liu He to Washington on Jan. 15 to ink the agreement, according to people familiar with the matter. The South China Morning Post reported that the delegation changed their schedule after Trump unilaterally announced the signing date, and indicated he’d be willing to seal the deal with China’s President Xi Jinping being present.


With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Josh Fenili.

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