36 Burst results for "European Central Bank"
Fresh update on "european central bank" discussed on BTV Simulcast
"Have a chance to lose our advantage. Can we get to her community? Fast enough so that will be in good shape. But really, we were just doing our jobs. Oxford University is starting a study on patients who've recovered from COVID, Bloomberg radio, the Bloomberg business app and Bloomberg radio dot com. Bloomberg, the world is listening. What's the difference between you and your competition? What's your vision in this relationship? We're guessing one thing is that you are better informed. European Central Bank, president Christine Lagarde had this to say, actually, we're not guessing. The realism of this is tangible up to the moment news. Some of the biggest states, good see most of the money. Expert analysis. Does that mean you're focusing on banks and other financials, Bloomberg radio, the Bloomberg business app and Bloomberg radio dot com, Bloomberg, the world is listening.
"european central bank" Discussed on Bloomberg Radio New York
"And federal investments in both clean energy and fossil fuels. European Central Bank president Christine Lagarde stated officials intentions to raise interest rates in July and September, signaling the concerns over financial market tensions aren't derailing the fight against inflation. The comments Monday follow an emergency meeting last week where officials accelerated work on a tool to defend the integrity of the Euro region. Lagarde characterized the decision to develop a crisis measure as one that underpins a previous commitment to keep inflation under control. Meanwhile, inflation is taking a toll on infrastructure projects across the U.S. more from Bloomberg, Susanna Palmer, rising prices for materials such as asphalt, steel and iron pipes are driving up the costs to build roads, bridges, rail lines, and water mains, the prices for some infrastructure materials have risen even faster than general consumer prices. State and local officials say inflation is eating into the value of the $1 trillion federal infrastructure law signed by president Joe Biden just 7 months ago. Some officials say inflation has forced them to delay or to scale back the scope of projects. Susanna Palmer Bloomberg radio. Checking the global markets, the FTSE in London gained one and a half percent, the kak in Paris closed ahead a third of a percent. The Dax in Germany was up almost 1%. The knee came in Japan closed down three quarters of a percent, the hang seng in Hong Kong finished up .42% and China's CSI 300 closed up a half a percent. Global news, 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than a 120 countries. I'm Erica Hurst, this is Bloomberg. Broadcasting live from the Bloomberg interactive broker studio in New York. Bloomberg 11 three O to Washington, D.C., Bloomberg 99 one to Boston
European Central Bank to gather after borrowing costs rise
"The European Central Bank's rate setting council will hold an unscheduled meeting to discuss market conditions with borrowing costs for several countries rising after the bank said it would raise interest rates The bank last week announced the hikes in July and September without specifying how it would protect countries sharing the Euro currency if borrowing costs rose excessively as they did in the European debt crisis in 2010 2012 that's a potential concern for heavily indebted governments most notably Italy The ECB's surprise meeting comes the day after that the U.S. Federal Reserve is expected to announce its largest interest rate hike since 1994 Europe's bankers trailed the fed and other central banks in raising rates to combat decays high levels of inflation
"european central bank" Discussed on Bloomberg Radio New York
"This is Bloomberg at 17 minutes past 9 so we've been trading on the European markets for about an hour and 17 minutes European stocks currently gaining three tenths of a percent The future stateside now turning lower after previously looking positive You're currently lower by a tenth of a percent on the S&P E minis NASDAQ futures also pointing lower than as that closed down by more than 2% yesterday investors stateside starting to reassess the risks of recession after weaker housing data and a fed Richmond fed survey suggesting that business confidence is also starting to sag here in Europe they were weighing up additional comments from European Central Bank officials on the prospects for rate hikes from the European Central Bank Ollie ren of Finland and the governing member council member of the ECB suggesting that 25 basis points is appropriate for July in terms of where the ECB is heading currently You're looking against here in the UK of just two tenths of a percent The cat can hunt though is lowered by a tenth of a percent range bound in Germany on the Dax the FTSE made by in Italy gaining three tenths of a percent of Spain up 5 tenths Euro dollar currently down by 6 tenths of a percent again assessing those comments from various ECB officials the dollar is stronger as well up three tenths of a percent Sterling one 25 not a lot of movement in the pound this morning You had a session over in Asia that ended up just a tenth of a percent higher on the MSCI as a Pacific When it comes to bonds you had some pronounced moves Yesterday into treasuries as a move into risk havens on those recession fears a 16 basis point move lower in two year yields Barely correcting you're seeing a move about two basis points higher to date two 49 2.49% on the U.S. two year.
"european central bank" Discussed on Bloomberg Radio New York
"This relationship We're guessing one thing is that you are better informed European Central Bank president Christine Lagarde had this to say Actually we're not guessing The realism of this is tangible Up to the moment news Some of the biggest states could see most of the money Expert analysis Does that mean you're focusing on banks and other financials Bloomberg radio the Bloomberg business app and Bloomberg radio dot com Bloomberg the world is listening The Bloomberg money minute skilled workers will continue to be in demand in 2022 Market is strong and should strengthen further in the coming year Mark Hamrick of bankrate dot com The balance of power has been shifting back to workers And we think they'll continue to command the power in the months ahead Rebellion labs reports that because of labor shortages and employers increase their offers to recruiters by 14% in 2021 more than for any other profession recruiters know perhaps better than anyone how the workplace has evolved There have been reckonings and epiphanies a part of both workers and employers as to how work can change remote work is one of those opportunities And Hamrick predicts companies will never get back to having employees in their offices from 9 to 5 every day Those who are aspiring or planning to continue to work are demanding some flexibility either in the hours they're working or where they work including from home Jeff Bellinger Bloomberg radio for the Jewish communal fund Barbara novik investment professional and philanthropist I think JCF has one of the best funds out there It's very.
Equity Monday: Women's Employment Drops
"Goal. Stock markets are mixed. Asian markets are on the rise. Europe markets are slightly down and the us stocks were somewhat fought value of crypto currencies. Kind of looks the same. We saw some tokens and cryptocurrencies off. A few points this morning but not enough to start an entire twitter debate. The mixed feelings could be due to a lot of things first. Traders are back from the kitchen and analysts. Always have a ton of thuds. Some people think it's inflation some set. It's an upcoming european central bank meeting. But what i want to focus on is a less than ideal jobs report ready. Let's go. I'll start with the good news. We learned that in august overall unemployment declined to five point. Two percent from july's overall employment rate of five point four percent zero point two percent but i will take it because that represents a lot of people that now have paycheck coming in to their mailbox. That's kind of where the good news stops. Though this report we learned that the us economy added only two hundred thirty five thousand jobs in august which was a sharp drop from analysts expectations. But even looking at july's total which was nine hundred forty three thousand jobs to make matters worse fortune actually dig a little deeper and looked at the national women's law center. They say that women only accounted for eleven point nine percent of those jobs in august again. If you look at july women were sixty eight point eight percent of the new jobs. It's your reminder that we aren't back to pre pandemic level employment and that women are disproportionately leaving a now reentering the workforce at alarming rates.
Populists Poised: Italian Politics
"At least government pushed back. It's corona virus curfew this week by an hour to eleven pm in a country where covid came early and spread widely. This reason for optimism cases are down and the economic recovery is under the steady hand of prime minister. Mario draghi get my style on a profession. Isla memento the emigdio and goes in dance. Idioms post seventy cozy am the former european central bank. President took power in february since then support from one of druggies opponent has worn away. Montiel salvini a former deputy. Prime minister leads italy's hard-right northern league strauss Fair tagliani possibility didata embedded within. Don't know coy backing for. His party. is down to twenty two percent of voters from a peak of thirty seven. His usual anti immigration talking points don't seem to have much place in a pandemic but a winning coalition of right wing populace partners could give a struggling salvini credible path back to the premiership and that could threaten the implementation of the european union's pandemic recovery plan my tail. Salvini is in a really tricky position is party has been losing support for quite a long time. Ever since he tried and failed to take over the top job by ousting a previous government. John hooper is the economists italy in vatican correspondent. He now has though a window of opportunity because of the rise in immigration which has always been a his big issue on the issue that really fueled the rise of the northern league under his leadership to the point where it was able to end government.
Bitcoin Is Much More Than a Speculative Asset
"There has been a huge amount of talk of es g. as it relates to bitcoin this week specifically obviously in the case of tesla reversing policy and no longer accepting bitcoin payments for cars because of environmental concerns. However i think that sometimes when we talk about es g we forget about the s and the g and if we want a complete picture of how. Bitcoin fits within this mindset. We can't only discuss the energy and environmental side. So today i'm reading. Alex glad scenes latest piece called. Check your financial privilege while those comfortable in the dollar bubble derived bitcoin the stories of three emerging-market users demonstrate why it is so important if you like this essay go back and check out my episode called bitcoin. Investing is es ge investing but for. Now let's get to reading in the eyes of most western elites investors journalists and academics. Bitcoin rates anywhere from an annoyance to a disaster. Just a few days ago. American billionaire charlie munger described. Bitcoin is disgusting and contrary to the interests of civilization. Warren buffet wants. The world's richest person sat next to monitor and obvious agreement. He said bitcoin is a delusion and rat poison squared and is warned that he is sorry about its rise because people get their hopes up. That's something like this is going to change their lives. Bill gates who also used to be. The world's richest person has said. Bitcoin is the greater fool theory investment. And that he would short it if he could. Hbo host bill maher skewered bitcoin in an extended segment on his show. Saying that the new currency's promoters are money. Hungry opportunists a few weeks earlier the new york times story that said bitcoin will ruin the planet financial times columnist. Martin wolf has long pegged it as quote ideal for criminals. Terrorists and money. Launderers prominent ivy league economist. Jeffrey sachs said that. Bitcoin offers nothing of social value. While former international monetary fund chief in european central bank president christine lagarde has called it a tool for totally reprehensible money laundering activity over the past decade. These financial experts. Reporters and policymakers have continuously pounded the narrative that bitcoin is risky dangerous bad for humans and bad for the planet.
E.U. regulator approves J&J's one-shot Covid-19 vaccine
"Vaccine for emergency use. The move gives that you its fourth version of the vaccine, this one requiring only one dose. You leaders have faced criticism for a slow vaccine rollout that has lagged behind other wealthy nations. European Central Bank says it will
ECB to Speed Up Bond Purchases
"Eyes are on the european central bank this morning as worries over rising bond yields remain a concern for investors no changes to rates or the amount of bond purchases are anticipated. Though policymakers will decide whether rising borrowing costs or a threat to the panic stricken economy. While the ec- be has current quota to purchase one hundred trillion euros through next march purchase volumes have decreased over the past two
Bitcoin Isn't Acting Like Stocks, Stocks Are Acting Like Bitcoin
"What's going on guys. It is thursday march fourth. And today i am going to try to flip a mental model. Here's my proposition. Bitcoin is an acting like stocks right now. Stocks are acting like bitcoin so it started this conversation. We need to hop on over to twitter where there is a lot of discussion right now around. Rising treasury yields when the year started the ten year treasury yield was at zero point nine three percent versus the closer to one point four seven percent it is now that yields spiked even over one point six percent last week. So what is driving the rise of these treasury bonds this. Us government debt in short. It's expectations of a stronger economy. Vaccines keep getting rolled out with new ones coming on the market which suggests that all american adults who want to can be vaccinated by basically the beginning of the summer simultaneously. You're seeing restrictions on businesses being rolled back and the market doesn't believe in fact that the fed is going to be able to keep rates as low as they've been or continue the sort of asset purchase programs to provide liquidity that they've been doing now. These rising treasuries have been causing havoc in the public markets and part of the issue is valuations the s. and p. five hundred is currently trading at twenty two ex expected earnings which is close to the highest. It's been in twenty years. In december two thousand nine six months after previous it was trading at fourteen acts with this means that even small changes in the treasury yields which is another way of saying small changes in how appealing bonds are as compared to stocks can cause major spasms particularly for tech companies which are trading at the highest earnings multiples. There is also. I should note some real wildness happening. In the repo markets ribaud stands for repurchase agreement and repos are collateralized short term loans which help financial institutions. Keep money flowing are used by the fed to conduct monetary policy basically the repo rate is a measure of financial institutions with cash willingness to lend on a short term basis. We saw it in insane. Spike in september twenty nineteen when the overnight repo rate rose's highest ten percent and there were still acquitted. He crunches it. Seems like there's something big going on right now in the repo market that we might need to discuss but for the sake of this conversation i wanna keep more broad basically sum up treasuries or freaking equities out and even bringing bitcoin into the conversation. Aucoin desk headline article today reads. Bitcoin hovers below fifty k. As traders await feds take on bond yields quote according to analysts. Comments powell is monitoring events in the treasury market. Might be enough to calm things down encouraging return to a softer dollar that could bode well for bitcoin. Stocks both assets have mostly moved in the opposite direction to the dollar index over the past twelve months however the rally in yields may accelerate leading to a stronger dollar and weaker bitcoin. If powell downplays concerns over rising bond yields taking cues from his european central bank counterparts quote. No such concern from powell would suggest the fed is happy for treasury yields to find the right level as our bond strategy colleagues say potentially triggering another spike in yields and more dollar short-covering ing analysts noted. So what do people think powell is going to say in. Today's comments many things. That powell will try to convince markets that the bank will be ultra patient in any pullback of support for the economy some like bloomberg. Don't think he'll explicitly say they're going to cap long term interest rates instead most think that he will reaffirm the feds determination to meet their updated. Inflation and employment goals employment specifically has been the key here basically. The fed has been more or less saying that they are willing to do whatever it takes until full employment is achieved so even if it seems like markets are steaming. That's fine as long as they can get to full employment. They already previewed this position this week. With comments from fed governor lael brainard who said that. The fed has quote quite a lot of ground to cover to meet its objectives. The question becomes what tools the fed actually has. The first is words. What bloomberg calls forward guidance light fed is currently buying one hundred and twenty billion dollars of assets per month eighty billion and treasuries and forty billion in mortgage backed debt. They could potentially be explicit about when they intend to scale that back rather than leaving it to market guesses they could also be even more definitive and precise about what it would take for them to raise rates. What if words don't work however what would come next while there could be some more. Extreme courses of action. Bloomberg discusses to the first is a resumption of operation twist in which the fed would eliminate their holdings of t. bills which are shorter maturation of usually a year or less and put money into longer dated securities. The benefit would be that it would alleviate downward pressure on t. bill rates which are currently threatening to go negative.
Banks are getting interested in big data to figure out their climate risk
"Biden administration has made tackling climate change a priority and a big element of the business story around climate. Change is risk the risk to cities states countries companies and the banks that invest in. All of them. Some regulatory bodies like the european central bank require risk assessment and the federal reserve. May eventually as well emily. Massive karate runs the company. Four twenty seven a subsidiary of moody's she helps companies and governments figure out the risk climate change poses to them. I spoke with her last fall. The very first thing that needs to hunt bone is first to understand identified the nature of the risk this could be storms floods wildfires what those impacts are going to be and then the second step is to understand how those impacts translate in terms of financial risk credit risk and. This is where we're working closely with our parent company moody's to understand how exposure to extreme weather events for example translate in terms of impacts on cash flow on asset valuation and therefore whether we see an increase in the risk of default or whether we anticipate an impact on the stock performance the type of metrics that investors managers are going to be looking at is moody starting to take an investments climate risk into account when giving it a rating is that on the horizon so start with the disclaimer. Which is i am not speaking. On behalf of the credit rating agency moody's investors service but who we are a key data provider to the input and they are now a number of reading activities where physical risk is being incorporated systematically so for example when looking at muniz state or city in the united states. There's going to be a paragraph. In the opinion that describes whether there is risk related to climate or other environmental social governance risks If you think a city like venice or a certain states on the east coast the the long term implications of potential impacts on properties and infrastructure that our coastal can be really meaningful and so it gets a little bit to the question of on the one hundred time horizon. when will this become sufficiently disruptive that it would become a financial issue and also a matter of what is the adaptation and resilience policy and planning around that such that. You know that some of those effects could be mitigated or could be if not avoided at least managed in a way that is not so harmful to the city from economic and financial standpoint.
Draghi says he has enough support to form Italy's new govt
"Man held is the savior of the European single currency has agreed to become Italy's new prime minister, with the task of steering the country out of its double pandemic and economic crises in personally. Poggioli reports Mario Draghi is formed a cabinet of both technocrats and politicians. Former European Central bank chief Mario Draghi has been dubbed Super Mario for having done whatever it takes to save the euro. He was asked to former government after the previous one collapsed over handling of the Corona virus crisis and use of you recovery funds. Italy has secured pledges of some $250 billion, but it has not presented proposals on how the money will be spent. The previous administration was an anomalous coalition of the anti establishment populist five star Movement and the center left Democratic Party druggies Government will also embrace the hard right Nationalist League off volatile mix that will require all of his many talents
Mario Draghi Is Asked to Form Government in Italy
"We begin. Today in italy where mario draghi. The former chief of the european central bank has been invited by at least president cemetery to form a unity government following the collapse of the coalition talks among italy's political parties late last night in rome. The political tumult in italy was sparked by the resignation of his prime minister. Giuseppe comtesse last week and a little earlier today. A europe editor at large at stalker gave us this. Rundown of how events unfolded in rome after those coalition talks broke down yesterday evening now after that happened the president mattino della addressed tv cameras and said basically. There were two options. One would be go to early elections. That would be two years early. Because i not scheduled till twenty twenty three or he could cool together at this technocrat government. Basically an institutional government made up of known politicians. Now the reason. He said he's going to do. This is because italy is really into difficult situation. There's a health crisis and economic crisis financial crisis he. He basically listed a host of reasons. Why it would be a bad decision to call early. Elections the fact that the government wouldn't be executing its food functions during campaigning. The fact that everyone would be out on the streets trying to win votes at stockholm articles. Europe editor at large speaking to us from milan a little earlier today at kiara as described italy's president has effectively removed the politics from italy's government by instituting the so-called technocratic government. How remarkable to give a bit of a longer view on this or a move. Is this in the recent history of italian politics. and what do you foresee the political implications. I suppose of this move might be in italy in the months to come well thomas. I think it's an interesting way to put it. That president material has removed the politics from this because yes he is proposing technocrat but i think his decision is very shrewd political. Move actually You know we've talked on a monocle minute about the importance of the role of montana. And all of this you know. We focused a lot about squabbles between different parties and former prime ministers and future prime ministers. And what's going to be but actually at centro vitale is president. La la la who has made a very very intelligent move in completely. You know upending. Everybody's expectations and bringing mario draghi to the table. This is a name that a lot of parties will find difficult to say no to but that certain parties will feel almost impossible to approve and in order to understand that you have to know a little bit about the background of the last ten years of italian. Politics really is a long game. The relevance of this moment actually goes back almost a decade and it goes back to. Mario monti's government in twenty eleven ha de italian history of technocratic governments and how relation feels about them. It goes back to the fact that it's virtually the rise of the technocratic government supported by establishment. Parties sent left center right to the essentially boyd. The extreme success of movements like moving five stars the moon five stars was born out of dissatisfaction with the establishment and establishment is the pd. The establishment is better screenings party and is the technocrats the people coming from europe who are immediately resonate with this idea of steady and finance and banks. Which doesn't actually go down very well done throat of italians that were really really badly scarred by the financial crisis i think when you look at the last decade of italian politics you look at a real series of governments to have an lasted very long and remote qabli. A lot of them governments that were directly elected by the people. You know we've had technocratic governments we've had really you know we've had coalition governments where you know the majority of was really really tight whack. Coalition talks went on for ages. We've had internal betrayals and you know people come to the fore. Even though they hadn't really been selected by a popular vote. So i think what this might do for the overall mood of of the population is bring back all those feelings off just simply not really having a political choice in all of this and may actually give more fire to all of these populist parties that made their fortune out of the situation like this in the past and if we do come to early elections which has not yet. A possibility is completely off the cards. It may actually paying favor in on those populist parties which we saw in coalition government a couple of years ago three years ago. Now but that never expressed a proper. I guess prime minister political prime minister. Let's remember that the content much as we think about it now as appropriate political figure he was also a lawyer by profession. He was chosen by the moving five stars as a relatively neutral name. That would put together a coalition between moving and lega. But we haven't really had a party leader as prime minister in quite a long
Mario Draghi May Be Asked to Form Government in Italy
"The former head of the European Central Bank, Mario Draghi, is due to hold talks with Italy's president today with the expectation that he'll be invited to form a new government say Joe Mattarella summon Mr Draghi after attempts to rebuild a coalition collapsed. It follows the resignation of the prime minister, just happy content last week.
"european central bank" Discussed on WGN Radio
"At the lakefront. It's 33 this morning in Aurora. It's 28 the windshield. There is 18 and in Gary, this morning, clear Skies and 30 to you. Our money on WGN Global shares are mostly higher today on optimism over the new U. S. President That's an offer rally on Wall Street yesterday. Also impacting the rally was some strong corporate earnings in early trading. Today, we see markets in Europe mostly higher. With the numbers in London of nearly a quarter percent, up nearly a half a percent in Frankfurt markets have fallen into the red in Paris in Asia, Japan's Nikkei closed nearly a percent higher this morning, South Korea edged up nearly 1.5%. And in China, the market gained nearly a percent U. S futures are higher to this morning. The European Central Bank confronting more economic gloom, virus cases and deaths are rising and new lockdowns mean 341 million people in the eurozone facing deepening recession in the coming weeks, with more than a trillion euros in stimulus still in the pipeline, European central Bank isn't likely to add more. President Biden is going to have more have some trouble getting his pellet on into the White House. Apparently, his stationary bike poses a security risk because it comes equipped with cameras and microphones. Livestream exercise classes. After poking a little fun yesterday on Social Media, Pol Politan says it is working on a way to overcome that dilemma. I'm Steve Christianity on Chicago's very own 7 20 w GM. If you've got an insurance question, you could talk to a park Ranger. But the only quotes they'd probably give you would be about the beauty of a fallen leaf or ripples in a pond. Not the kind that could save you money on your policies. Or you could talk to your local Geico agent who's an expert navigator.
European Central Bank stimulus on track as economy struggles
"And deaths are rising and new lockdowns mean 341 million people in the eurozone facing deepening recession in the coming weeks, with more than a trillion euros in stimulus still in the pipeline, European central Bank isn't likely to add more. President Biden is going to have more have some trouble getting
Europe gets new blast of stimulus to counter virus surge
"The European central bank is on the east another six hundred billion dollars as a stimulus to counteract the negative effects of crime virus some pre Christmas sales went to such an infection shut down large parts of the European economy ahead of the region's most important holiday ECB president Christine Lagarde said something was needed to help certain sectors of the economy in the manufacturing sector continues to hold up well services activity is being severely curbed by the increase in infection rates the new restrictions on social interaction and mobile the twenty five member governing council decided to increase its bond purchase stimulus to two point two trillion dollars the bond purchases help keep credits affordable and available across the economy for consumers businesses and governments I'm Karen Thomas
"european central bank" Discussed on 600 WREC
"Think the odds are only 38%. It will happen before 2020 is over. They put the chance of 61%. It will come in the first quarter of next year. 17% say it never will. As far as the size of the package of 58% majority of forecasters think it should be between one in $2 Trillion.29 percent, say less than one trillion and only 13% believe it should be between two in three trillion Better. Reserve chair Jerome Powell calls this week's news about a potential vaccine Good, but great unknowns remain. It's just too soon to assess with any confidence. The implications. Of the news for the path of the economy, especially in the near term. And I would say with the virus now spreading spreading the next few months could be challenging, and European Central Bank President Christine Lagarde Likewise says the vaccine news does. He's one of this year's many economic uncertainties, but but I don't want to, You know, be exuberant about this vaccination because they're all still uncertainty about the logistic about the transportation about the rolling out about the fabrication about the number of people that will be vaccinated in the course of 21 so that we can reach The herd immunity pollen. The guard, along with Bank of England Governor Andrew Bailey, speaking at a European Central Bank forum on Thursday, and a new study is more bad news for the restaurant industry. The peer reviewed research found. Indoor restaurants are by far the riskiest places for contracting the coronavirus. The senior author of Stanford University tells The New York Times. Indoor Dining is about four times riskier than gyms because people gather in close quarters for extended periods without worry masks. The study involved using cell phone data to follow the movements of 98 million.
"european central bank" Discussed on 600 WREC
"Think the odds are only 38%. It will happen before 2020 is over. Put the chance that 61%. It will come in the first quarter of next year. 17% say it never will, As far as the size of the package of 58% majority of forecasters think it should be between one and $2 trillion. 29% say less than one trillion and only 13% believe it should be between two in three trillion. Federal Reserve chair Jerome Powell calls this week's news about a potential vaccine Good, but great unknowns remain. It's just Too soon to assess with any confidence the implications of the news for the path of the economy, especially in the near term, and I would say with the virus now spreading spreading the next few months could be challenging, and European Central Bank President Christine Lagarde Likewise says the vaccine news does ease one of this year's many economic uncertainties. But but I don't want to, You know, be exuberant about this vaccination because they're all still uncertainty about the logistic about the Transportacion about the rolling out about the fabrication about the number of people that will be vaccinated in the course of 21 so that we can reach The herd immunity pollen. The guard, along with Bank of England Governor Andrew Bailey, speaking at a European Central Bank forum on Thursday, and a new study is more bad news for the restaurant industry. The peer reviewed research found. Indoor restaurants are by far the riskiest places for contracting the coronavirus. The senior author at Stanford University tells The New York Times Indoor Dining is about four times riskier than gyms because people gather in close quarters for extended periods without worry masks. The study involved using cell phone data to follow the movements of 98 million Americans in the nation's 10 largest cities. It's published in the journal Nature, and of all the researchers at Stanford, Northwestern University and San Francisco's Chan Zuckerberg, Bio hub. Consumer and business News. Joe McConnell, NBC news radio. I can't tell you how often I have people say, you know, he he either doesn't talk to me at all. Or if he does address me. He talks over my head. It's like he or he talks to me in a condescending way. Well, it's like, Yeah, really? Yeah. E. I mean, that's there's just no place for that. There is no place for that. And it's and it's terrible. And here's the thing. If you're a couple, the plan should be for the both of you. You should both understand it. It should be good for both of you. The advice needs to be deeper than Oh, well, he doesn't have to take any benefit for you. On his pension because we're just going to sell him some term life policy that he's going to outlive and then or even if even if he doesn't outlive the policy, let's say he gets a lump of money, just like we said before. When people come in at the last minute. What happens How many times have we had Windows? Come in here? Get a life insurance, a death benefit of 500 or whatever it was, and they come in. And then I could. Now what do I do with this? You know, I need it Now. If I could have done something with it 10 years ago, I would have uncomfortable might have something that I could see The thing is that the you know, the husband took 0% spousal on the pension and bought a life insurance policy, and she doesn't know what to do. She doesn't know what to do with it. So now she doesn't have the lifetime income that the pension would have given her. But she's got a bunch of money. But what what to do with it? Sometimes they've already gone ahead and given some of the kids before they do anything or spent some of it without realizing they could have done something. Maybe a little better. So listen. What? What does this mean to you? What This means to you is that if if any of the things we've talked about today resonate with you, and you're not sure what the answers are for yourself and your family. I strongly encourage you to come see us and sit down where we will analyze what's going on in your retirement and we do a deep dive into what's what Where are you right now? What's all the good stuff and then one of the things that need to be addressed? How much longer do you have to work? What lifestyle is sustainable? And so Pick up the phone and give us a call. 988 triple 06205988 Triple 06. We do this at no cost to you whatsoever. But you've got to take some action and listen. We've been talking about this a lot, Tony. But now is the time after the market is back up. We don't know where all this stuff's headed If you don't have a retirement plan, and you're less than 10 years away. Come see us and you know we'll walk you through that five step planning process and how it works and clarify all these things for you. But but Do yourself and your family a favor and take action. Pick up the phone and give us a call. 988 triple 06. That's 205988. Triple 06. You know what, Tony? The way I'm thinking about this for folks right now is, you know the markets back up? We don't know where all this is headed, so everybody had a near miss. Right. Everybody had a near miss in the spring. I mean, it could've very easily not rebounded like it has because the economic underpinnings aren't really there. But we've got an opportunity Now we had a near miss. It got ugly, and now we have a chance to protect people and their retirement. And I just can't encourage you to strongly to take action. Pick up the phone. Give us a call 205988 Triple 06. There's multiple ways to come see us. You come to the course you can come in and see us personally or virtually. So call us 205988 Triple 06. All right, Tony, let's we've got a few minutes here. Let's do our getting to know you segment. Okay? All right. Dozens program it easy for you. You're such a music person so If you're making a playlist for a road trip. What are the first five songs you'd put on it? Okay. Was it songs yet? You would You do it album Or what would you do? Oh, well, I mean, it's asking for a playlist. Okay? Yeah, it's gonna be a road trip, so I've had going mobile by the Who would you Okay, That's I mean, that's a road trip song. Um Hmm. I can't believe you're struggling. Well, I'm just I mean, I mean, I know who they would mean. It would be the Beatles. The Stones. The Who, Um Led Zeppelin. Yeah. I don't know how to pick. Yeah, I mean, I saw I think that's all I would be able to to just say it say the group's entered for sure. 100% scanner. Uh, wait, that's more than five. Stevie Ray Vaughan. Okay, Clapton. I know you would want some Clapton, Clapton ants and I want some leads up into. Yeah, I want something I wouldn't want some Fleetwood Mac in mind. Oh, yeah, Like someone like the little queen in there for will pick me up the Eagles rule Or how about Yeah. Who wants to go on that trip with us? Now that you're making this sound fun we'd like to place himself. This is what this is What the song list is like when we listen to music. I mean, like, especially if we're on the boat where the lake rowboat. I mean, that's all we do is listen of. You say it's also sitting on our porch a lot of times or playing yacht, sea playing bouncy. No way can't listen to music while we're playing Pictionary, though, Yeah, we could do that. But we like to play games too. I think we I think we all our family is has a comm family. Pictionary is the is I think that's the funnest game ever created. You really think that for sure. I mean, I mean, I like it too. I mean, what's your favorite game? I don't know. Now, this is another getting to know. You said. I mean, I like God See, I like Let plan like card games, too. Yeah, I like card games. I like bridge, but we never. We played that with my brother and sister in law for a long time when we lived in Virginia with them, But then we never, You know, it's well, You know what? Here's another good thing. If anybody out there's not doing this yet, I'm sure a lot of you are But you know, you can play games of people virtually no. So we played some We put God see with some reference from it was a black. Yeah, Basically, we got on zoom and they had they had hotsy on there. Yeah, yeah, you are And and we just played. Yes, and we were in our lake house and they're up in D. C..
ECB hints at more stimulus in December as new coronavirus lockdowns are imposed
"A second wave of coronavirus infection sweeps across Europe, the European Central Bank said a strong signal that it could increase its monetary stimulus in December to try to cushion the economic shock from a new series of lockdowns. Analysts fear lockdowns in France and Germany could push the region's two biggest economies into contraction and the fourth quarter.
Here Come Central Bank Digital Currencies
"I recently thought I hadn't received payment from a sponsor to the show. I reached out to them because I didn't have payment in my checking account. It turns out they had mailed me a check. The check was sent to appeal box I have in Phoenix I'M AN IDAHO I won't be able to pick up this check for weeks, and then when cash it, it'll take a number of days to clear the actually get the funds. Now the sponsor could have wired me the funds or used Ach but there, there would have been a delay as several hours to a day. They could have paid me and bitcoin or some other crypto currency. But given the volatility of Bitcoin. The amount received could be less than the amount sent after I convert the bitcoin payment into dollars. And, of course, they could have just mailed cash but then what if it got lost in the mail? Instead that the sponsor and I both had a savings account at the Federal Reserve using a digital token issued by the Fed observe. The transfer could have been sent and received instantaneously. The transaction had been verified an added to the Central Banks Ledger transactions in the central banks digital currency. Unlike a wire transfer which can cost up to twenty five dollars, the transaction would have cost little if anything. A recent survey by the Bank for International Settlements the is indicated that eighty percent of central banks are engaged some type of work related to issuing a Central Bank digital currency or CB DC. For. Short. Forty percent of central banks have progressed from conceptual research to experiments or proof of concepts. Another ten percent have developed pilot projects. And ten percent of central banks say they are likely to issue a general purpose CBC in the short term and twenty percent in the medium-term. Just this month six major central banks including the US Federal Reserve, the European Central Bank the Bank of England and the Bank of Japan issued a joint report titled Central Bank Digital Currencies. Foundational principles and core features. Central, banks are thinking about this they're working on it. So in this episode, we're going to take a closer look at central bank digital currencies, their use case, their risks, and why it appears increasingly likely that we will see major central banks including the Federal Reserve issue digital currencies in the coming years. Central banks already issued two types of money and they provide infrastructure to support a third type of money. Central. Banks issue physical cash notes, and bills. They are widely accessible. You can do peer to peer payments anonymously with cash. A dollar is a Federal Reserve Note. It is a non interest bearing liability issued by the US Central Bank. That's one type of central. Bank, currency. Other central banks also issue physical cash. The second type of money that central banks issue our reserves. These are electronic deposit accounts held at the Central Bank by qualified financial institutions. Commercial banks have accounts at the Central Bank. Those accounts are denominated in central bank created money reserves. Central banks also facilitate a third type of money. This is private money. Electronic Commercial Bank deposits
European Central Bank head: Ready to add stimulus if needed
"CCB President Christine Lagarde says the European Central Bank is ready to deploy more monetary stimulus to aid the recovery if needed, as the pandemic damps prospects for the economy. Addressing European lawmakers today. Lagarde called the recovery across the 19 nation eurozone uncertain and in complete with consumers cautions cautious to spend and companies reluctant to
"european central bank" Discussed on WNYC 93.9 FM
"And we do have President for that. Malaria is an endemic infectious disease. It kills hundreds of thousands of people a year. We even do have treatments for it, and still it persists. So it It will take a in that case, a heroic effort and some very Great drugs that are very effective and distributed well to control the virus scientists. That's good. Imari, interviewed from around the world agreed that that last option it's not really on the table. As she noted, We've got other Corona viruses circulating which we know more about, and there is some human immunity to those. One finding that surprise scientist was how much our behaviour has already changed and the fact that good public health practices can help slow the spread dramatically. So that to me was one of the most interesting things I found when reporting this story because you know, without a vaccine or a great drug to contain the virus. How many people what percent of people in the population need to social distance and where their masks and wash their hands and not kiss and hug their neighbors in order to reduce the spread, and what I found Fascinating. Is Thies really promising results? So In Brazil. It was like 50 to 60% in Mexico with 70% those percentages of people you would need to adhere to these guidelines to actually see outbreaks start to decline. And some of that change is already happening. Which may explain why New York City, for example, which people initially thought was optimal place for Corona virus to spread It's been so successful at keeping infections low for so long, and Hong Kong is very similar. Hong Kong is a huge city and they have done a Amazing job keeping covert under control. Of course, they have much more strict tracking of their citizens that would bring a privacy issues here in United States, But the fact that some cities like that, yes are it is just straight up behavior and some tracing that has enabled keeping a second outbreak from occurring. Those sorts of behavioral effects offer a really silver lining. Especially if it is you heard Anthony found, she say earlier. This new Corona virus, maybe with us permanently. I mean, there could be still good treatment, So it's it doesn't kill that many people, but that it does stick around and eventually becomes part of our lives. Just like the flu. In that there is a vaccine you have to take every six months or every year. And if people don't take the vaccine that there could be outbreaks occasionally, So yes, this could absolutely Become part of our lives. I mean, I had one Mr Say to me like, you know, Cove in 19 is here to stay. It's not just going to disappear. So let's talk then about how we're doing living with it. Ian Bremmer is a political scientist and an international risk consultant who we check in with every now and again for his take on politics, the economy and the international consequences of what we see around us. He's the president of Eurasia Group and G zero media, and he says There are lots of ways that the US has failed in responding to Corona virus, But there's one big way in which we for a time at least succeeded financial support. Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi came together in the spring to craft a $2 trillion deal to support people who were hurting and their families. But his benefits expired in a follow up package failed to materialize. Rumor says he started to see trouble ahead. And so I think this is going to get awful lot worse. I don't think even if we've already experienced, I hope The worst of the actual hospitalizations and deaths from Corona virus. That's an open question. But I'm feeling more confident about that. We could talk about that, if you like, but economically, I don't think we've come close to feeling. The depth of this, and that's because there's been a lot of band AIDS provided by the US government by other governments around the world. The economic response to this crisis even though it hasn't been courted. It has generally been Pretty robust and that's going to run out in a lot of countries, including our own. That's interesting to me because one of the things we have seen Since the beginning of the pandemic is except for an initial kind of falling off a cliff moment, the stock market has done remarkably well. Obviously, there are up days and down days, but but it's done remarkably well. How do you square that with All this news. That's you know so many restaurants so many store so many places may never be able to reopen it. Just it feels like a dissonance. That's always hard to wrap my mind around. The central bank are fed has provided immense amounts of of, you know, liquidity, monetary policy has been really, really loose. And I'll tell you as much as this country is divided right now, as much as it is really hard to find anti trump folk that will say anything good about anything. Trump does. I speak to most of the lead economic minds on the democratic side of the aisle. Larry Summers is a good friend, Jack Lew, for example, Peter Orszag. All of these guys. They will all tell you publicly, They'll tell you that day Powell is doing a fantastic job. The chairman of the Federal Reserve Trump appointed chairman of the Fed, I was talking just the other day with Christine Lagarde. President of the European Central Bank. Everyone says she's doing a fantastic job. The central bankers have been providing as much ammunition monetary policy as possibly they can give, and that's made an enormous difference in terms of confidence. For the markets. That doesn't change the fact that the vast majority of Americans don't have their well being affected by the stock market. They certainly certainly don't own chairs right? And the reality is that the knowledge economy I mean, United States in particular, I mean, our biggest cos the one that make up the largest chair. Of of the Tao. They're doing very well right now. I mean, whether it's Microsoft or Google or Facebook or Amazon, these air apple these air, incredibly powerful cos they're very innovative and they're making money hand over fist and environment where we're all relying on them and the workers for those economies. Have the ability to work from home. In many cases, they're not planning on going back to the office until mid next year. If there's a very different environment from people that have either lost their jobs because they're they're company has shuttered or they are required to do their job to be in a place where they're going to be exposed. To lots of people every day. Who's behaviors of social distancing and mask wearing, Maybe at best uneven. I mean, it's just the experience of the pandemic is so radically different. From people in the same country. Never mind in different countries. Right.
"european central bank" Discussed on WGN Radio
"Midway. 61 along the lakefront 55 this morning in Morris. Your money on W. G and the European Central Bank has left its key stimulus policies unchanged with almost a trillion euro still in the pipeline to bolster the eurozone's of rebound. From Corona virus shutdowns. The pause may only be a prelude to even more stimulus later this year is the and global counter parts, such as the Federal Reserve here in the U. S may clear their determination To keep massive support in place to shore up not only banks but businesses as well. This morning. The markets in Europe are reacting to this news a little bit in Frankfurt. The market has turned positive, but we're still seeing some losses in London and in Paris. In Asia. Markets generally mixed there, too, with the losses in Hong Kong, China and Singapore, with some gains in Tokyo in the U. S. Dow futures are down about 85 points now. NASDAQ futures are up 19 points. SNP futures are down about eight points. US. Energy Secretary says Hurricane Laura damaged just site in Louisiana holding a large portion Of the country's emergency crude oil, hey says, said that the oil reserves there, located in two sites in Texas, too. In Louisiana, the site in West Hackberry took a direct hit from the hurricane and will need to be repaired. Experts say this should not have an impact. On oil prices and gas prices in the short term, and I'm Steve Gray Zana, John Chicago's very own 7 20. W G. N Hi, this is Lumi. Hey, this is hardy. My album. Iraq is my first ever solo record, and I'm really, really proud of it. Tap your screen to listen to the whole album right now. Progressive presents the sounds.
European Central Bank's stimulus train to keep on rolling
"Bank has left its key stimulus policies unchanged with almost a trillion euro still in the pipeline to bolster the eurozone's of rebound. From Corona virus shutdowns. The pause may only be a prelude to even more stimulus later this year is the and global counter parts, such as the Federal Reserve here in the U. S may clear their determination To keep massive support in place to shore up not only banks but businesses as well. This
Fed sees interest rates staying near zero through 2022, GDP
"Bloomberg is reporting that the Federal Reserve is likely to hold interest rates at zero. For five years. Now the Fed hasn't made this announcement yet. In fact, by the time you're hearing my voice maybe they may have made it maybe not I'm not sure. So it right now it's in this kind of limbo where lots of serious financial people are taking this as Gospel but we haven't heard the official announcement and you know this stuff leaks out. So here we are, but you know something I have to believe it. Because Jerome Powell is a fed chairman is like he's The let's it against the wall and see what sticks guy, right so I believe this I believe that they're going to try to signal to the market. Don't worry about anything. We're going to keep rates low near zero for five years. I believe this even if it doesn't turn out to be completely true like you know. One two, three, four, five years from now whatever. It's still it's the idea of believing that they intend this kind of signaling. Or something like it right and it's it's their way of throwing up their hands and saying. We really don't know what to do and you know something there's honesty in this we've talked about this before with the Fed actually talked about it with the European Central Bank and the Fed. And you know when remember we talked about Mario Draghi and he said back in with God it was twenty twelve or something. He said you know we'll do whatever it takes, and then he said I think it was twenty fourteen or sixteen or something whatever years ago he said don't worry you know negative interest rates will not collapse the financial system and we said it was Shakespearean Right. It's it's a kind of telegraphing of the truth it has more truth than the actual truth. It. Has More truth in it than if Draghi had said. This could result in a huge crash down the line but right now we don't know what else to do. And that's what this five year fed holding the interest rate near zero thing does. It's got more truth and more information in it. than. Than? At first blush.
"european central bank" Discussed on Bloomberg Radio New York
"To global growth crude oils up above fifteen dollars a barrel in New York we checked the numbers every fifteen minutes throughout the trading day on Bloomberg radio as the five hundred is up one point four percent of thirty eight the Dow is up one point four percent of three hundred twenty eight now and the nasdaq is up one point four percent of a hundred twenty to the ten year is up five thirty seconds with the other point six percent West Texas intermediate crude is up twenty nine percent in seventeen eighty one a barrel comics gold is up one point one percent to fifty excuse me seventeen fifty seven twenty per ounce dollar yen is one of seven sixty one the euro dollar eight thirty in the British found the dollar twenty three eighty five sources a European central bank president Christine Lagarde told E. U. leaders that the euro area's gross domestic product could fall by as much as fifteen percent as a result of the pandemic and they risk doing too little too late that's a Bloomberg business slash Bloomberg markets continues now with Lisa Abramowicz and Paul Sweeney thank you so much Gregg Jarrett as we look at a rally in large cap stocks let's take a look at the small and mid cap shares evils of liberty stocks editor joining us as he does at this time for what has become my favorite segment David was saying in the small caps well we're seeing the smaller companies up more than the larger ones today the Russell two thousand index higher by two point three percent in the S. and P. five hundred up one point three percent the mayor the Russell's biggest gains along to energy producers that have become penny stocks trading less than a dollar the biggest advance wants to oasis petroleum whose ticker is a acid shares have more than doubled Laredo petroleum the ticker there was L. P. eyes up fifty two percent whiting petroleum which began this month by filing for chapter eleven bankruptcy it's also more than doubled sleep number read ticker S. N. B. R. has risen about thirty percent the mattress make Chris first quarter earnings and revenue were well above analysts average estimates in a Bloomberg survey and Immunomedics ticker I M. M. you has added twenty two and a half percent after winning U. S. approval for breast cancer treatment ahead of schedule the ruling was made three weeks after Goldman Sachs cut the stock to sell from by now the Russell steepest drop below the net gear ticker N. T. G. E. R. the maker wifi network equipment is falling more than sixteen percent after drawing fiscal year forecasts and crocks ticker C. R. O. axes lost more than six percent first quarter results show the shoemakers earnings missed estimates for the first time in more than three years large stock senator Dave Wilson thank you so much what we've seen during this crisis is corporation sensing the long term economic uncertainty are rushing to their banks looking for loans looking to tap credit facilities looking for liquidity that's given me a lot of leverage Lisa yes over to us some of the banks it really interesting attorneys right here's Paula socks and you know I get report actually I think we are about is about to take the podium so I'll just warn you that she may be coming and they carry out very good okay we'll we'll keep on top of that so Paul Saltzman a Bloomberg that reporter so public assistance what's going on between the banks and lenders thank you for having me so basically first explain the kinds of loans were talking about the special relationship type of loan but being offer and groups to their companies and so in March we saw this mad dash of companies chopping existing loans and also beginning to raise extra short term loans rate there's quarantine companies need cash so they're getting it from the state and usually the current market is pretty sleepy things don't change much but with mischief consort of supply and demand all of a sudden for the first time in years the banks have been able to dictate some higher prices and safer terms for themselves right now I think good leases I think it's the mayor started yet yes I think that she has I'm so sorry policy leaks and we'll have to rejoin it with this another time covering all things credit related for Bloomberg news definitely an issue right now a let us here or from the Washington DC mayor Muriel Bowser she gives her daily briefing last week we know that the White House released guidance around what it takes for cities and states to re open and we have looked at this guidance and as I have stated previously believed that it is a good framework and in line with what we are looking at at a locally and so today I want to share some information with residents and businesses about the criteria we are considering when and when not to re open and what we're doing to plan off for that Dr Nesbitt has discussed previously that our thinking is in line with the White House guidance but there are a few things we need to see before lifting of restrictions I in first that is to observe a consistent downward trend of new cases over a two week period also that our health.
"european central bank" Discussed on AP News
"European central bank is weighing a package of stimulus measures including an interest rate cut to new bond purchases to counter worries that growth is slowing according to written accounts released this week the ECB said in its July twenty fifth policy statement that it was determined to act to raise inflation and was ready to use all its instruments if things don't improve the eurozone grew only point two percent in the second quarter while alone dismembered Germany shrank a male ready be in a recession many analysts expect the bank to add stimulus at its September twelfth meeting permanently disabled veterans are getting a break on their student loans A. P.'s my cross your report the president signed an executive order for giving millions of dollars in debt president Donald Trump has signed a directive that will forgive federal student loan debt for tens of thousands of disabled military veterans the president announced the action of the am vets national convention in Louisville Kentucky that's hundreds of millions of dollars in student debt held by are severely wounded warriors it's gone for ever the president also said the disabled vets will not have to pay federal income tax on the forgiven death urge states to also waive their taxes on the loans Mike Crossey a Washington a recent spike in breathing illnesses has the attention of the federal government AP's it Jackie Quinn report the common factor between the cases is vaping health officials say they're looking into more than a hundred fifty possible cases of lung problems that have occurred in a number of states over the past two months they involve adults and teens who have used E. cigarettes and other vaping devices doctors say the illnesses resemble an inhalation injury saying it appears that patients lungs were reacting to a caustic substance so far infectious diseases have been ruled out help investigators are looking to see if they can find a common cause I'm Jackie Quinn radio I check the wind in emergency landing for Hawaiian airlines jet with smoke reported in the cabin.
"european central bank" Discussed on 860AM The Answer
"This morning is the European Central Bank. Much of the president's displeasure is devaluing the euro giving an interest rate cut the fed is expected to cut rates today or tomorrow, the SNP is at eighteen the NASDAQ up eighty one and the Dow up one hundred and fifty two in pre market trading. Nasdaq is up. I mean Amazon is up seventeen dollars in pre-market trading, which is kind of remarkable morning. Start there. Remind you of relief factor dot com relief, factor dot com. Every single day I tell you about it. Three times took it in the first hour. I reminded about you in the second the third hour. So that if you're one of the hundreds of thousands of people who have in their cupboard and you're feeling pretty good right now. So you're not taking it now. That's not actually the way it works. You gotta take it every day. So you don't feel bad in the future. It's preventative, it helps reduce temporarily support the reduction of the minor aches and pains that go with. Either exerciser aging your deadly doing the ladder. Get out there and take your relief, factor dot com. They come right back at the break America. Mike Gallagher joins me for more out for the president kickoff rally is tonight. Fix an awful lot. That happens in DC that you never hear about unless you're here when he Hewitt returns. We.
"european central bank" Discussed on Biz Talk Radio
"Two. So no particular order. For the market opens the European Central Bank. And by the way. I'm not making this up. And it's utterly amazing. Am I know we're all about in the moment? But I'm letting you know out history. It is unprecedented to the millionth power. The European Central Bank with the United king. So smartly, that the Brexit, hopefully, one, they can get rid of these idiots. Announced. That they. Will look to lower interest rates and print more money going forward. Their interest rate, their main interest rate right now is already negative four tenths of a percent. They've already printed, trillions. And they wonder why the economy's there. Some are contracting. The norm has always been when he commies went into recession a contracted markets would be hit reflecting the lessening of earnings and earnings power. But no one this day and age of central banks the opposite happens until it doesn't. So we had this big gap to the upside. And then and here's the Trump, I don't like. On purpose? Two time. Not kidding. To time and coincide with his big campaign rollout today. Trump announces ole everything's great with China would definitely have the meetings at the g twenty meeting. I believe it's in Japan. And the markets went and go to the upside, you know how I tell you, the semiconductors, right. The semiconductors went nuts to the upside. Remember all the semiconductor companies are completely lowering their numbers, remember broadcom, right? Horrible guidance. Going forward drop twenty seven points on a gap that was up twelve today, just on the China thing. So you had this one two punch. That got the markets. And flacco today, which leads to the three punch tomorrow. We have our central Bank. Dr dove. Jay powell. Now, let me be clear on the couple things I have no clue what he's gonna do what he's gonna say the bet is tomorrow. He is not going to lower rates. But will basically telegraph the lowering of rates that is the bet in that many economic numbers that have been coming out as of recent both here and around the globe habit softening. But as I told you they're only doing it because the markets went down. So the question is what happens tomorrow? I really don't know. But they've telegraph lower rates. There's no chance of them raising rates. There is no chance. There's a chance of the Knicks winning the championship this year. There's no chance of them talking tightening. For tighter money. There is one hundred percent chance. They'll be dubs, the question is, is it in the markets does the market already know it? Because just so, you know, there are these futures bets and the bet is I believe nineteen percent chance that they'll lowering rates. Tomorrow. But like an eighty ninety percent chance at the end of July. Of course. If nothing changes. So we'll say, but that was today and we just went straight up into the early morning and did nothing the rest of the day back than filled filled in back with all lot of news, driven stuff going on. In Spock land. Let me start with Boeing. Yesterday. I told you specifically on this show. That look like Boeing was ready to move higher. Finally. Nothing that I knew no news that I knew just that it looked like in the trading of the stock sellers had taken a powder. And it looked like at one at least get to what I told you the fifty slash two hundred eight moving average, which is basically nary other at three sixty three sixty one. Well news came out that Boeing got an order or two, and then the China Bowie was up nineteen dollars today went through that three sixty three sixty one like a hot knife through butter volume today. Usually is averages four point nine eight point nine. Let me tell you my day on Boeing because I came in today wanting to buy it. The Trump tweet kill me. Because when that came out, it went straight up from three sixty three sixty eight. I had a weight at that point, and then drifted high of the rest of the day, and my new, I think the Trump tweet is bullcrap. I think he just put it out there for one reason to have some news for tonight at his get together here in Orlando. So what now with Boeing? Well, notwithstanding anymore news. Listen, it's news driven. You gotta know that. The bottoms in. And what I told you about pullbacks in the market by the crap out of him. If you can by chance get a pullback and I don't know if you are not. Especially with all this easy money now. Going on by the way, India, Australia, just lowered rates China, just added a trillion bucks a few weeks ago and just another seventy billion and Chinese numbers. Let me tell you. They came out six percent. Something I don't think they want percents pay. If light volume pullback towards that three sixty five area. I'd be reviewing it. Ladies and gentlemen. And when you have a chance, go, see what I say on the Boeing. And by the way. When we do the full market ramp. That is about six times six fifty seven times on the set. A one forty one three I'm gonna call one twenty three to one hundred twenty five points on Boeing. Just Boeing self that one downing. But it all counts count, that went it went down accounts when it goes up. Up next the full market wrap the numbers the movers. The.
"european central bank" Discussed on Biz Talk Radio
"If you want to your call. You're welcome to do it. We've got our Agra poor coming up. It looks like right now the Dallas up slightly all the indices are flat for all practical purposes. The NASDAQ is down barely it is raid, but I would call that flat as well. So everything is flat. Not a lot of movement going on global growth. More reports coming out about the slowdown global grows. I already told you about what has happened in. With with China. What's going on there with trade in China? That is very critical. Part of what we are dealing with. And by the way, the German bond yield is on many. I don't listen it's new record lows today. German bond yields US treasuries. Yes, they are resumed a little bit there fall. I don't know how long that's gonna last. I think that might pick back up, again, all of this because of I don't I don't understand. But this all of this, because of renewed tension renewed, I don't know about anybody else, but I have been stressed over trade for awhile now there's nothing renewed about, I don't necessarily, get renewed in my tensions, and my stress and my worry because of another report, I don't know why so until something happens to give me a reason. To read, lax then it's gonna be hard for me to be renewed in my tensions or stress, because I've gotta get relaxed in order for me to get renewed. So what exactly has happened? Maybe I missed something along the way. Maybe it's just a little bit of a two day run that we've had in the markets and the Federal Reserve indicating that if they need they're going to cut rains. I didn't relax on that didn't mean much to me. As a matter of fact, I didn't even talk about it that much. It was kind of irrelevant. I agreed with everything chairman. Pal said, I did agree with it. And I believe that it was a great show of transparency for us for the American people. I thought it was great that he was very honest about exactly what he is going to be looking at. So I thought that was great. But that I wasn't I don't what didn't relax enough that I would now be renewed with tension. I really don't understand that. But nonetheless. Right now tensions in the euro-zone. With the bond yield dropping is could this mean that there would be some help hope from more central banks, particularly the European Central Bank at the next meeting to do something. To do something and to help out euro zone. So let me give the euro zone. The people in the euro zone, and we do have listeners, at least I know in, in the UK let me just mention this to you. What would you have them do? Do you understand if you're a part of the European Union, if you're a part of this whole union zone. Euro-zone if you are. Dependent upon Brussels to do anything. First of all, I wouldn't be dependent on them. They haven't been able to do them and done anything. But they can't do anything because they have no ammunition. They're not gonna pull this busy sokaia, Al of quantitative easing or a simulants. That is going to help. They don't have one of those and their arsenal. Anymore is a matter of fact, they don't even have anything in their munition boxes. They've got nothing. The only thing they have is negative interest rates. Is that what you want to see happen? I don't know. I mean so what can they do? So this notion that there are people in the euro-zone hanging on to the fact that there might be some stimulus. They need to think through it a little bit more as say to themselves. Well, wait a minute. What would that stimulus bay? So they're going to devalue the euro. How about we devalue the euro? Manipulate the currency that'll be good for who. That'd be great for Italy. It goes for grease. Maybe Portugal, that's going to be good for a number of.
"european central bank" Discussed on AM 970 The Answer
"Townhall dot com. I'm Rhonda roster. A wide ranging anti-hate resolution triggered by antisemitic. Comments from Minnesota congresswoman Ilan, Omar has been approved by the house. There's no mention of Omar by name after progressives. And members of the Congressional Black caucus complained that it was unfair to single her out. Instead, it is a wide ranging resolution that condemns anti-semitism anti Muslim bigotry discrimination, oppression and racism. It calls them contrary to the values and aspirations of the United States and is Wally Hindes reporting. European Central Bank. Took excel unexpectedly quick action to support a showing slowing economy joining the US Federal Reserve in Chinese leadership and there their attempts to counter worries about global growth, a central Bank for the nineteen countries that use the euro push back the date, which it might start raising rates to be not before next year. Previously hit had said, it would not raise them before the fall. Manafort gets nearly eight years in federal prison after being convicted of tax and Bank fraud. Sentencing was the result of a jury verdict related to manafort's work advising Ukrainian politicians, which predated the two thousand sixteen election cycle today. It is the only trial as a result of special counsel Robert Muller's investigation. But the case was not related to manafort's role in the Trump presidential campaign addressing judge T S Ellis the third from a wheelchair Manafort told the court saying, I feel humiliated and ashamed would be a gross understatement. The sixty nine year old still faces additional sentencing from separate charges in DC related to illegal lobbying. George Monzon reporting stocks fell again on Wall Street Thursday down dropping two hundred points..
"european central bank" Discussed on KCRW
"Thursday the seventh of March today. Good as always to have your long everybody with the caveat that foreign exchange. Trading can involve significant risk of loss a word as we get going here about the dollar euro trade day, should you be planning a trip over there. The macro economic gods are smiling on you a euro can be had at the moment for just a dollar twelve the cheapest the single currency has been since two thousand seventeen what gives I hear you ask. Well, first of all, thanks for asking the European Central Bank is what gives the easy be completely. Unexpected about face this morning, promising not to raise interest rates at least through the end of this year and saying it is going to make more loans to European banks. Marketplace's Nancy Marshall genzer explains. What's going on the European Central Bank said today that the economy's at the euro zone. One nineteen countries that use the euro will grow by just around one percent this year. Partly due to the trade tensions between the US and China. Mark Oswald is chief economist at ADM investor services. He says if the Chinese economy slows further as the trade talks with the US drag on that's bad news because Europe exports so much to China everything from called down to simple consumer goods as well as exporting machinery to China must. What says China will buy less from Europe? If it's a Konami seizes up President Trump's threat to slap a tariff up to twenty five percent on cars from Europe is also weighing on the euro zone economy. And then there are zombie loans. Loans euro-zone bags made to failing companies that are still on their books. Danielle de Martino booth is a former Dallas fed adviser because they haven't been written off, you're not freeing up the ability the bandwidths in order to make fresh loans that therefore spur fresh economic growth, the European. Central Bank is trying to change that by making cheap long-term loans to banks. Andrew canning him is chief Europe economist at capital economics. He's not sure this aggressive new strategy will work at least one in four chance of that being a recession. You know, the next year. Also him says it depends on what happens in the rest of the world in Washington. I'm Nancy Marshall genzer for marketplace. We're that as backdrop than the European Central Bank trying basically to figure out which way the winds are blowing. As is the fed was should say, we are going to take a step back here and talk big picture because there are a lot of moving parts out there right now Brexit trade war, North Korea and a slowing global economy. A lot of stuff uncertainty is the word, right? But as uncertain as things might seem today, are they really all that different than they have been in the past. And now that we come to think of it. Can there be any such thing as economic certainty anyway? Marketplace's Amy Scott is on that one that word uncertainty has come up on this show roughly a hundred and fifty times just in the two plus years since President Trump's inauguration, here's KYW in August, twenty seventeen stole falling economic uncertainty is the watchword Erica barris last month. The automobile industry is already facing lots of uncertainty and. Yep. Me last summer uncertainty over where the trade war is headed could way on future growth. So that's what are things really less predictable than usual for the long view. I asked Deirdre McCloskey professor emeritus of economics and history at the university of Illinois, Chicago, perhaps things happen. They always have it's easy to forget. She says just how unsettling World War Two was or the rise. And fall of communism. People always think now is more uncertain than before. That's nNcholas bloom an economics professor at Stanford. He co founded the economic policy. Uncertainty index going all the way back to nineteen hundred. He says it's true that global uncertainty has spiked recently, what with Brexit and the trade war with China, but numbers for the US don't look that by what kind of average uncertainty. Yeah average. If things seem scary now ten years ago was the financial crisis. Fifteen years ago would have been say the Gulf war, or you know, the end of the dot com. Boom one caveat the index is based partly on mentions of uncertainty in the press. So there's a risk of a bit of a feedback loop. But it only counts newspapers. So we can say uncertainty as many times as we want uncertainty, uncertainty uncertainty. I'm Amy Scott for marketplace. Sorry that one company that was pretty good on Wall Street today IX nay on the epi may we'll have the details when we do the numbers..
"european central bank" Discussed on Biz Talk Radio
"As you know, if anything does show up, we will gladly let you know. Unemployment claims. I'm being told is like a sixty year low. That's people going in to get unemployment. Because they lost the job a sixty year, low amazing. Very good numbers. The employment numbers. Still hearing the boo birds calling for recession this recession that as we told you in the market was seeking here. We never thought there was going to be a recession here, we think there could be in Europe. But I'm pretty comfy that not here. And with the market rallying. I think that's got a mean something. European Central Bank. They blinked. They now say. What what what? We're not gonna do anything. What am I talking about? They've been promising. From months. To get off the negative rates. Stop the printing of money. They blocked. Remember, these people are addicted. Too easy money. Because human nature says, hey, easy money is protected us. So let's just keep doing don't worry about the final outcome will be gone. So Europe lied. Japan. Lied china. Lied Powell.
"european central bank" Discussed on WAFS Biz 1190
"China. Well, I have a starting panel BBC governor Jewish Joe and Janet Yellen and myself, and we'll talk about the state of monetary policy and monetary policy and the retreat of monetary policy. You know, the fed raising rates and possibly going into a pause now at the European Central Bank stopping purchase program. Those are all events said really have changed what the global economy was driven by for the last couple of years and markets have to get used to that. And that adjustment is a difficult one. But I think markets were managed so monetary policy is going to continue to be very responsive to economic situation. And as I said, the economic situation is cooling off some more. There's less of an upswing we might have seen last year. But there's no reason to be skeptical. Really? We still have a relatively good global economy. We still relatively good performance on trade. And yes, sir, a trade disputes. But at this stage, it really is setting the stage for future collaboration between the major economies rather than already embarking on some some confrontation. There are some ongoing discussions and as long as questions are ongoing. I think we're in a good place by central banks team responsive. Do you expect the fed to react to more downtrends sores economy and the global economy say calling off some rate hikes this year or just changing the timing of these increases? Economists. Already penciled in a pause for the fed in the last quarter of last year, which didn't happen because some of the impact of the trade disputes has been less frontloaded than was expected, but we could expecting the first half of this year for the fed to look at the data data dependent. And since inflation hasn't really surged and isn't a major problem yet to fed can take stride. And I think they will be quite cautious in the first half of this year. Reading look at the data. And I think that will leave them to a cause to a pause in in the March meeting. I think it's unclear what the second half of the year. I think the market is run a bit ahead of itself with the expectation that might be first rate cuts on the rising. We do see the economy. You know, less dynamic going forward. But we don't see any likelihood of a recession anytime soon. So I would have a question Mark around to move in the opposite direction that quickly after they've continue to raise rates shout. The year with four for rate hikes. We see less rate hikes in the future, but not kiddie a change of direction but oppose already has reassured the market to somewhat and it is not widely expected. Still with us as we call lamarcus and group chief economist association or listening to accelerate. The comments are almost refreshingly positive in the world of high anxiety in volatility. I want to zoom in go straight on what he said about the fed. We put together a chart go for our clients in terms of where the fed is at and where the market is expecting the fed to be all the way into twenty twenty this disparity between the market and the fed where are you on the spectrum? Where do you see the story goes, I have a lot of sympathy for what we just heard from AXA, and I would say that my baseline outlook for the global economy is quite constructive. However that depends critically on what happens on the political front. We've already discussed Brexit. That's one of the key things. I'm watching. There's also a broader political uncertainty for Europe. We also need to consider those all important trait. Toques that kick off again this week. Just look back to what the IMF put out with the world economic outlook. They suggested to us back then that if a full-blown trade war erupts, then that could take as much syrup point eight percentage point of global GDP growth. So those trae Tokes are incredibly important, and it's not just China. We also have trade talks going on this week with the US and Europe and Japan's also joining in those very important as well, what will happen with the US shutdown again, very important for the implications to gross now, usually a shutdown just has a temporary negative effect. And then you get a quick catch up afterwards. We're entering the sixteen th day of that shutdown. Trump is threatened. It could go on for months even years now, hopefully that will be absolutely wrong, and it'll come to a conclusion, so they would it be correct to say that you think the politics is going to Trump monetary policy in two thousand nine hundred eighty nine is the more important if I think the politics what happens on these major political events is absolutely critical to what happens to the growth. Outlook. Yes. In terms of monetary policy. Though, we have a call this morning saying ironic, you've got the fat and the BBC coming closer together. Which is a good thing for global markets, possibly a ability in the fad, and certainly a stimulus from the PBOC that could create a put that could create a floor to the ghost. Absolutely. But I also think we have to recognize that central banks globally will probably find it difficult to continue to be the famous only game in town. And I actually think there's there's a fair in markets that there really is no longer game in town. Because think about if we were to enter one of these risks scenarios that accident also alluded to and that I've just outlined to you. What how much amunition do the central banks have left in this context? Now, of course, the fed can cut rates Powell, reassured us that they could stop unwinding the balance sheet, and they could even return. To QE if necessary if we look over in Europe rates are already incredibly low. The does look rather extended in terms of what it could do to. Now, I'm not saying they couldn't do anything. But I think they're limited in terms of what they can do relative to previous downturns. And then we have to consider that that level globally remains quite high. So in terms of the ability for central banks to act and for that to transmit to the real economy. I do think we're in a in a weaker situation. And that's why it's critical that government act by doing the right thing here both in terms of the various things we've talked about. But I'll the instructor point. And talks about how central banks have transformed from institutions from effective. Suppressive volatility to inadvertent enablers of volatility quickstart on oil prices is a big story today. Goldman Sachs cutting their forecasts are you making any similar changes. What's your base case? So our base case is that oil will bounce back to sixty five dollars per barrel. But that's really conditioned on the better outlook for the global economy. If we look at the underlying fundamentals we are still in in quite a positive environment albeit that things are slowing down a little bit. And that's normal as well considering the cycle, but also considering the fiscal impulse coming from the US, which is beginning to to slow a little albeit still positive this year. Don't forget there's always a bit of infrastructure spending, their roads and bridges and tunnels that that can be built. One other economy, which we haven't actually touched on is Japan. And we saw this huge crash. You're on holiday was the market's moved. He went away and Yan went incredibly strong. This is one of the biggest challenges if possibly twenty nine thousand nine because the Bill Jaising QE 0 for want of better words, running out of stuff Tabatabai, but Japan is going to try and implement a sales tax this year. And it's got a strong economy at the moment is Japan risk. That's on your that's on your your dashboard. But absolutely one of the economies that we are watching and the consumption tax hike is one of those critical events that we do need to be cautious about and again, how the currencies play out will also be critically important to Japan. But I think all of it boils back down as well to just what happens to the trade talks, and what happens to trade in the region quite a lot of things coming up for the global economy. But also Japan is definitely one of the bricks where keeping an eye on. All right. We'll have to leave it there. It's been a. Lovely conversation. Thank you very much for stopping by for a change. That's market said group chief economist at soci- general. All right. Let's get to more on what's happening around oil prices that ultimately what it means for investors in Gulf governments on that are on tenterhooks because although inclusion in the J P Morgan emerging market bond index might attract billions of dollars there are challenges because debt from the Middle East has gained all but one year since the index was created late two thousand and one with the feds game plan in twenty nine teen being critical to how the asset class will perform. Let's get some more perspective joining us live from Doha procon. He's a senior director asset management investments. Welcome back to the program. Let's talk about your expectations then for insurances in twenty nineteen. And how you relate that to to what the fed might be up to this year. Of so, I guess issuance in the region was always looked at in the context of oil prices. In seventeen and eighteen was dominated by sovereign which would speaking to plug their deficits because of the revenues had groped because of falling oil prices. Seventeen. So we had about almost eighty billion dollars of issuance in seventeen and about sixty five seventy billion in two thousand eighteen. We think that with deficits probably. Around about aggregate aggregate about fifty billion dollars somewhere there abouts in two thousand nine hundred does depend on the oil price. Issuance should probably be similar. In one thousand nine hundred to what it was in in eighteen the other thing just think about is that there are more maturity in nineteen eighteen. So the these will need to refinance says about thirty billion dollars do this here in about twenty billion dollars last year. Can you think's gonna go very good morning to you who do you think's gonna come in for the biggest chunk of debt issuance this year? It's going to be decided. Well. They do have the largest deficit. The budget has been. Had a budget forecast for a smaller than last year. But there are some questions on whether they've been overly optimistic on their revenue expectations. So if their revenues onto the highest they are expecting them to have will be significant, and they would have a large chunk to to issue. Also, don't forget the by government has a ten billion dollar maturing next month. I guess there's. Shoot back in every two thousand nine in depth to the financial crisis. And was overseas. I guess the question is will they refinance. So come away will the funding come from. I mean, we are gearing up for earning season. I was thinking to say, oh, one of the key companies in the region, and he was pointing out Holly quantity had dried up, and he was getting a lot of complaints from a lot of investors around that how do you position than for the earnings season? I mean, are you are you still interested in in Saudi Arabia and Saudi stocks off the inclusion story Saudi banks possibly?.