Jun 16, 2014|
Automatically Generated Transcript (may not be 100% accurate)
-- -- of -- CBS news senior business analyst and host of Jill on money Saturday's four until six on WB is with us this morning. Morning -- good morning just back from. London -- with a clean out yet you know we have the green and I see once you it would Jewish princess is I guess -- right that's a bad kept at it it'll Joan Rivers kept. I you know interesting that I was in London last week simply because there are some really cool stuff that's going on -- at the economy's doing very well and back. Last week one at that Bank of England governor said hey you know what things -- on so well. Maybe the Bank of England is going to actually stop putting stimulus into the economy at this US investors kind of intrigue -- saying well wait a second they're doing it in Great Britain made it can happen here in the US. And I think that investors are a little bit worried about what that looks like at the Federal Reserve gets at the stimulus businesses well. Will the Fed is meeting today earned this right pretty sweet gas and and I think anything is happening this week it's more this idea that. The economy improves obviously if that doesn't need to do is much. But if the economy's strong enough to go on its own that's the question investors are wrestling with right now. -- aka the crisis in Iraq impact the markets in the US this week well obviously big impact on oil markets we saw oil rise by over 4% last week -- up again. This morning remember Iran is the world's second sorry eight largest oil producer. You know to what it comes to -- so. Lot of intense attention on what impact that will have on the oil market short term which a lot of these situations become. It shouldn't hurt us too much at the pumps maybe temporarily. But if it goes on for a while or escalates. And that's when the prices could start to rise that would be very bad sign for the economy when they aren't holding back you know why well I didn't. Well well I think any state right now nothing's happening just so we understand that there's no change in production but oil production had fallen off during the war. And got back up to like thirty year high is now the concern is what of oil production is disrupted. That would be a problem and we changed the world's it the impact on the world crude oil and Brent oil markets. -- what's on your radar for the week this a Federal Reserve and this oil situation. Let's keep in science and manufacturing data that's going to be coming out today and later in the week. As well that this is interesting we have Consumer Price Index that's coming up tomorrow. A wanna see whether there's any signs of inflation that's what it's going to be looking for. They don't wanna see inflation if that happens it's going to be a little bit of a challenge for the -- to figure out what policy should be in the next few months. Jill we know you are a die hard islanders fan. How much -- believe that you haven't seen the kings beat your crosstown rival Rangers. Well here's the thing I just want to be clear that this is not something I'm proud -- okay it's really not you shouldn't be happy if someone else's demise because that's just a bad way to be -- fan. I was so happy when I woke up in the morning and I was in London. And you know in our family there's two great headlines one islanders win and the second is Rangers lose so I say more -- Now -- we we we action and I'm not brat pack yeah right. Thanks we'll see you later daycare Jill on money this morning it's just -- your CBS news senior business analyst.