35 Burst results for "Mario Draghi"

Italy Welcomes Tourists From US, Canada, Japan

AP News Radio

00:48 sec | 3 months ago

Italy Welcomes Tourists From US, Canada, Japan

"It is Leda is pitching for tourists to start coming from the US Canada and Japan think of a vitally needed boost to Italian hotel and restaurant businesses in a speech to lawmakers probably a Mario Draghi noted today who's recently allowed people from those three countries to now come for tourism previously not allowed to join the pandemic however tourists must be vaccinated have certification that they've recovered from the illness or have a negative could nineteen test taken within forty eight hours of entering into the drug he says it's anyone's to allow them to come safely that to help out hoteliers and restaurant does bounce back after a year and a half of difficulty tourism accounts for thirteen percent of it today's GDP I'm Charles the last month

Leda Mario Draghi Japan Canada United States Charles
Artists Create E-Waste 'Mount Recyclemore' for G7

BBC World Service

02:10 min | 3 months ago

Artists Create E-Waste 'Mount Recyclemore' for G7

"Prepared to meet in Cornwall in southwest England, a huge sculpture of their heads in the style of Mount Rushmore in the U. S has been built close to where they're staying. Named. Mount Recycle more. It hopes to highlight the environmental damage caused by throwing away electronic devices. Our reporter. Steffi Apprentice has more. It's one of America's most iconic monuments. The Mount Rushmore National Memorial features the heads of four U. S presidents carved into the rock face in the Black Hills of South Dakota. Now ahead of the G seven meeting and looming more than two stories high. The faces of Boris Johnson, Emmanuel Macron, Joe Biden and Angela Merkel stare out across the Cornish landscape constructed entirely of bits of metal circuit boards, TV screens and smartphones. They're joined by you should Asuka Mario Draghi and Justin Trudeau to make the mountain structure close to the hotel where world leaders will be staying in the English countryside. These people who live near the G seven summit venue, watch the faces being built seen it develop over the last few days, and it's what they've done is schism. Amazing. I think it's a good way of Sort of highlighting just how much the waste there is in the oceans, and hopefully we'll send a good message over to G seven leaders just about we really need to clean the planet up artists Joe Russian Alex Wreckage say they created the sculpture to highlight the huge amount of tech and gadgets that go UN recycled globally each year, with Joe explaining the logic behind depicting the world leaders united They like more to talk to each other and work out a plan that isn't just shifting the problem from one country to another, but actually is a plan. We will work on together, which is how to deal with this waste and how to stop producing so much waste and how to recycle things in these. All these issues have got to be dealt with globally. They can't be dealt with nationally because that's where the problem is. According to the UN at the 53 Million tons of electronic waste generated globally each year, will more than double by 2050, making it the fastest growing waste stream in the world. The artists are hoping their mount recycling more will galvanize the world leaders to tackle the problem. The

Steffi Apprentice Mount Rushmore National Memori Emmanuel Macron Asuka Mario Draghi Justin Trudeau Mount Rushmore Cornwall Boris Johnson Black Hills Angela Merkel Joe Russian Alex Wreckage U. Joe Biden South Dakota England America UN JOE
Populists Poised: Italian Politics

The Economist: The Intelligence

01:58 min | 4 months ago

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.

Isla Memento Montiel Salvini Strauss Fair Tagliani Mario Draghi Northern League European Central Bank Salvini Italy John Hooper European Union Vatican
Mario Draghi Named Italy's Prime Minister Amid Crises

Pat McDonough

00:25 sec | 8 months ago

Mario Draghi Named Italy's Prime Minister Amid Crises

"Government. Announcing a Cabinet of experts mixed with experienced political hands that once seeking to reassure financial markets and tame a potentially unruly coalition of former rivals. 73 year old druggie replaces Giuseppe Conti, who resigned after a small party yank support. Over the handling of the Corona virus pandemic. More news and more analysis at town hall dot com.

Giuseppe Conti Cabinet
Draghi takes helm in Italy, focused on pandemic recovery aid

Weekend Edition Saturday

00:53 sec | 8 months ago

Draghi takes helm in Italy, focused on pandemic recovery aid

"Italy's new national unity government sworn in today in its first challenges will be the Corona virus pandemic and the economy. NPR's Sylvia Petroleum reports on the new prime minister, the former U Central Bank chief who saved Europe's single currency, Mario Draghi was the first to take the oath. Judah yesterday Fidelia la Republique camp, He swore loyalty to the Republican the Constitution and that he will work exclusively in the interests of the nation. He was followed by 23 ministers, a mix of unaffiliated tech. Regrets and politicians from across the political spectrum that Aggie has recognized across the world is a masterful economist with sharp political skills. He'll need them to keep his anomalous coalition. Together. It ranges from pro Europe liberals too far right nationalist who joined, hoping to have a say in spending the once in a generation recovery front pledged by Italy's

Sylvia Petroleum U Central Bank Fidelia La Republique Camp Mario Draghi NPR Italy Judah Europe
Draghi says he has enough support to form Italy's new govt

The World

00:56 sec | 8 months ago

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 Poggioli Former European Central Bank Italy Mario Center Left Democratic Party D Nationalist League
Mario Draghi Is Asked to Form Government in Italy

Monocle 24: Midori House

05:36 min | 8 months ago

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

Italy Mario Draghi Giuseppe Comtesse Mattino Della Rome Centro Vitale European Central Bank Europe Stockholm Milan La La La Mario Monti Montana Thomas Government Boyd
Mario Draghi May Be Asked to Form Government in Italy

BBC World Service

00:20 sec | 8 months ago

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.

Mario Draghi European Central Bank Joe Mattarella Mr Draghi Italy
Fed sees interest rates staying near zero through 2022, GDP

Stansberry Investor Hour

02:21 min | 1 year ago

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.

Federal Reserve Mario Draghi Jerome Powell Bloomberg European Central Bank Chairman Official
New European Central Bank chief holds her first rate meeting

Bloomberg Daybreak

00:49 sec | 1 year ago

New European Central Bank chief holds her first rate meeting

"Thank you up next we get a policy decision from the European central bank plus Christina guards first press conference as president analysts expect no change the policy but the guard could face questions about how to deliver more stimulus with rates already in negative territory Paul sheared is a senior fellow at Harvard Kennedy School when the central bank is running low on interest rates ammunition that is a surefire sign that the time has come to bring in fiscal policy not in a temperate basis but you know to help monetary policy out and for the two of them to work together in the same direction until it's mission accomplished the guard and former president Mario Draghi have both pressed for additional government spending the guards communication will be closely watched today after a career as a lawyer and politician she's the first ECB leader to have never worked as a

Lagarde calls for 'new European policy mix' and ECB strategic review

Bloomberg Daybreak: Europe

00:42 sec | 2 years ago

Lagarde calls for 'new European policy mix' and ECB strategic review

"Because Christine Lagarde just gave her first policy speech as president of the ECB does come light on policy to be honest but she didn't seem to be giving us her interpretation of Mario Draghi in terms of asking for the European governments to help her with a bit of a new policy mix and she said she's going to conduct a strategic review of monetary policy in what appears to be in attempts to heal the wounds that divided the central bank in the last few months of Mario druggies ten years so very

Christine Lagarde President Trump ECB Mario Draghi Ten Years
Incoming ECB President Lagarde: Trade tensions biggest threat to global economy

Dan O'Donnell

03:30 min | 2 years ago

Incoming ECB President Lagarde: Trade tensions biggest threat to global economy

"Christine Lagarde set to take over as the European central bank had in November and. is she going to be pressured to deliver more stimulus says Europe sort of teeters on the brink of what appears to be Dave a major recession. yeah I think you're right on your Christine Lagarde is the new ECB president taking over for Mario Draghi she was the I MF president and she's a very sophisticated smart lady who is qualified but think about the job the cheese inheriting sixteen trillion dollars of negative yield so you know if you're in Germany or Italy or other places they're literally pain you to take out money trillions of dollars in there is no evidence at all that this has worked so as you said will there have to be more stimulus and what does that mean in why do we care here in the United States a big reason why that we how are have been lower yields here in the United States is because of pressure from overseas their negative yields are forcing down our yields in fortune are fed president to lower yields and so what is she what is she going to do it's it's really a tough a conundrum because you think about hotel California here are you once you get into negative yields how do you get out and you saw what happened here in the United States just a couple of ticks up last year and we had a meltdown in the fourth quarter it's going to be difficult to move forward well this is the thing it's very obvious to everyone who watches such things that negative yields simply aren't sustainable in the long term but in the short term it almost seems as though Europe needs this sort of stimulus so how does Lagarde kind of find a happy medium to keep the European economy afloat especially since it's going to be a rock no matter what because we're we're staring at the the barrel of the gun of hard brags it I just saw Nigel Farage come out and said that the biggest thing he the biggest mistake you ever made was trusting elites in his country to get something that they promised to the voters actually done but he says come hell or high water Europe Bob Great Britain I should say will be out of the E. U. this is obviously going to have an impact he has one one set up for. this question Davis is what's the next move for Lagarde what's the first move really one of the first movies yeah she has nineteen different governments that she has to get the plate nice together I mean that that's really the hard part she's gonna have to get team work across nineteen a different governments and think about you know the Germans and the Italians and the French all trying to agree on site type some type of capital movement it will that's number one the second thing in in what's removed in maybe it's not monetary policy and you saw that happen here in the United States they said maybe the fed has done what they can do now it's time for fiscal stimulus and you saw when trump come in in in we saw a tax cut in some deregulation the market took off from here we'll have to see if maybe that's the movie and maybe it's not for monetary stimulus but its fiscal stimulus in I we are watching this very closely because of negative yields in over in Europe are driving down our yields Dan and I think that is going to continue and in the meantime we're seen C. E. O. confidence go down for a number of reasons including what senator Warren is talking about with more taxes in there's talk right now from C. E. O.'s Dan that if they want to get something done that

Christine Lagarde Europe Sixteen Trillion Dollars
The Last ECB Meeting Under the Control Of Mario Draghi

Monocle 24: The Globalist

02:12 min | 2 years ago

The Last ECB Meeting Under the Control Of Mario Draghi

"The ECB to start off with so we've got the last meeting meeting today under the control of Mario Draghi the ECB boss. That's been there during the financial crisis and he is likely because we're seeing Germany many probably tipping into recession other countries in the euro-zone slowing down considerably. He's going to start more monetary stimulus and political. I I mentioned hair because does he want to restart constitute easing where he's buying debt buying government debt in the markets to pull interest rates because that that the problem with that is lois borrowing costs for governments and that means governments are less less likely to reform their economies because it makes it takes the pressure off governments if they face nice very high borrowing costs. They have to be more in control of their budgets. If the borrowing costs rip down by the European Central Bank then go we don't care about budgets you could just spend loads of money which which is kind of the Italian attitude that so so the trouble with this is one. I'm not sure it's actually going to do much good. The official interest rates for banks is already already negative no point four percent if he cuts that further the Nazi just does damage to banks because it costs them therefore to have cash deposited the European Central Bank if he starts Qaeda as a whole Lotta people who don't like you and we're doing this right before his very last moment in the job before Christine Lagarde turns up to be head of the European Central Bank but what it tells us yet again and we've been talking about this for some time is at the world economic the growth is slowing and in some cases really quite rapidly so everyone says the UK how quickly it slates Brexit's or self. It's self imposed but actually ACA said we're doing better than Germany which looks like it's tipping into recession and I mean another issue. Surely got to be that as you say job. He's leaving at the end of October. People are going to not want to make long term commitments because that will tie Lagarde's Hans exactly and Christine Lagarde she she's not like she's stepping up to this job she was former head of the IMF International Monetary Fund so this is kind of a cross move for her and she must be thinking come on with Mario Draghi. Leave me something to do

Christine Lagarde Mario Draghi European Central Bank ECB Germany Imf International Monetary Fun Brexit ACA Qaeda Official UK Hans Four Percent
Brussels, Christine Lagarde And IMF discussed on Bloomberg Markets

Bloomberg Markets

00:19 sec | 2 years ago

Brussels, Christine Lagarde And IMF discussed on Bloomberg Markets

"At the European leadership summit in Brussels a familiar name is emerging as the front runner to take over the European central bank there is some momentum seven consensus behind Christine Lagarde has you know as friends of the head of the IMF to lead to the European central bank to replace Mario Draghi when he leaves at the end of October members Maria today

Brussels Christine Lagarde IMF Mario Draghi Maria
Mario Draghi, Pietra Skolimowski And Overgrowth discussed on Bloomberg Daybreak: Europe

Bloomberg Daybreak: Europe

00:40 sec | 2 years ago

Mario Draghi, Pietra Skolimowski And Overgrowth discussed on Bloomberg Daybreak: Europe

"Now, let's turn to our top stories and central banks are front and center. Mario Draghi addressing his final e before, as president in Sintra today, the themes that have dominated his tenure persist stubbornly, low inflation, concerns, overgrowth, and is Bloomberg's Pietra Skolimowski explains that means investors will be looking for signal. Nls that the central Bank is preparing new stimulus reason decision to keep rates unchanged. Well into the next year failed to satisfy markets inflation expectations dropped to record lows. This stage is already being set for more action Draghi's closest Lieutenant one of his potential contenders. Benefactor said on Monday, the EC will active needed to support the economy and could even be facing such a decision

Mario Draghi Pietra Skolimowski Overgrowth Sintra Bloomberg EC President Trump
"mario draghi" Discussed on WAFS Biz 1190

WAFS Biz 1190

01:41 min | 2 years ago

"mario draghi" Discussed on WAFS Biz 1190

"Somehow do not go. It is pretty. We listened to the question. So basically says the will do what is needed? Meanwhile, we had Mario Draghi, who is talking tough when it comes to stimulus, wither, the from here, do you think they're going to ease more? Are they going to try to maybe reinforced some discipline on the market? Well, you know, I think the stronger euros not in their best interest. I think that's the biggest problem right now, if the euro starts to strengthen on these federal cuts. I think they're going to try to do as much as possible to keep the euro week here, creates some sort of stimulus to export. So I think that's the key. I definitely think the feds continue cutting that's can open the door for the lower race. I'd have to lower rates to really bring the euro back into into their target zone for experts. But I also think it opens up the globe global central banks cut interest rates also because other banks won't be as fearful of their currency weakening that much against the US dollar if they do cut interest rate. So I see almost a global central Bank input perfect start start easy. Well, even amid rising US stocks, the vix index, which is widely used as an indicator of market. Fear has been flashing warning signs to trade us to remain vigilant. We asked Jonathan cabinet from J, P, Morgan, putting his thoughts on why I guess the underlying fundamentals. For the US market, still look, reasonably sand, obviously, there's been some growth wobbles in the US through the course of key to the but obviously the market is now expecting the Federal Reserve to cut interest. Right. So that's hoping..

US Mario Draghi Federal Reserve Jonathan cabinet Morgan
"mario draghi" Discussed on WAFS Biz 1190

WAFS Biz 1190

01:41 min | 2 years ago

"mario draghi" Discussed on WAFS Biz 1190

"Seeing some how do not go. It is pretty. We listened to the question. So Visco basically says the will do what is needed? Meanwhile, we had Mario Draghi, who was talking tough when it comes to stimulus, wither, the from here, do you think they're gonna ease more? Are they going to try to maybe reinforce some discipline on the market? Well, I think the stronger euros not in our best interest. I think that's the biggest problem right now, if the euro starts have strengthened on these Federick cuts, they're going to try to do as much as possible to keep the euro weaker creates some sort of stimulus exports. I think that's the key. I definitely think if the feds continued, cutting, that's going to open the door for the to lower rates. The have to lower rates to really bring the euro back into into their target zone for experts. But I also think it opens up the globe global central banks cut interest rates also because other banks won't be as fearful of their currency weakening that much against the US dollar if they do cut interest rate. So I see almost a global central Bank input fed start thirty. Interesting. All right. It's all relative, at least when it comes to benchmark rates. Stephen in is managing partner at vanguard markets. We'll have to leave it there. He's home pint. Now, don't forget, our interactive TV function TV go there. You can watch us live catch up on past interviews as well as dive into any of these securities for Bloomberg functions that we talk about, you can also become part of the conversation by sending us instant messages during our shows if you have opinions on what central banks will, or will not do you can let us.

Stephen Mario Draghi US Visco Bloomberg managing partner vanguard
"mario draghi" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:47 min | 2 years ago

"mario draghi" Discussed on Bloomberg Radio New York

"As things are shaping up for the Asian trading day is been executive Dong Sydney. When? We saw what happened before I'm not in the US started, like it was going to be horrible session with the future's going all over the place. They redeem themselves invested did indeed the equity market here. Extended gains late today on word the US is weighing a delay in imposing tariffs on Mexican imports. We're going to unpack that story in detail. Coming up here on daybreak Asia. The Dow ahead seven tenths of one percents p five hundred picks up six tenths of one percent. The NASDAQ composite also higher on the day by about six tenths of one percent. And the also the idea that central banks are going to really stay dovish that really helped out things to at the margins, the US, China trade wars, one of the concerns about the threat to global growth, how long can drag on. Well, Goldman Sachs is predicting President Trump will reach an accord just before the US elections. Twenty twenty ten year treasury last traded in New York at two point one percent. We've got the e c b pledging to keep rates at record lows. President Mario Draghi promising to react to any deterioration in the outlook. Even so he touted better than expected. First-quarter data the euro picking up about a one half of one percent against the dollar. Crude snapping back after falling into that bear market yesterday. WTI in New York up three percent to fifty to fifty nine Brian to you. All right. Doug, thanks very much as you mentioned stocks, gaining today. Thanks in part to optimism that we might see a delay in the US tariffs on Mexico. And of course, the carrot out there is a possible deal at sometime in the future. The two sides are still talking in Washington and a lot will get decided here in the next day or two we had Mike Pence vice-president saying that the US at the moment, still plans to impose tariffs on Mexico next Monday lyrics, Josh Wingrove joins us now from the White House. Josh? We can't really expected deal in the short term, but we might get that delay. What needs to happen for that happen? Well, they've had a sort of to and fro the last day or so, where Mexico is come in made offers according to both sides, and come back in the next meeting with Moore. The US looks to be seeing how long bacon push that vice president Pence did strike a bit of an upbeat tone saying that he was encouraged by some of the offers listeners will all come down to President Trump says it's up to him. He's called himself tariff man he likes Harris. So it's up in the air right now. Whether Mexico can do enough to Vert those terrorists from coming into five percent tariffs on Monday. We haven't gotten any political position because we do have a to these tires building. US oil companies, for example, frantically loving congress and the white to back off here as well. They say the full price hikes, right? Yeah. And Senate opposition in the Senate. Pretty much anyone who wants the new trade deals doesn't like this, because I think it will make it much more difficult. Of course, to ratify the US MCA trade deal, if you're gonna tear site with Mexico, the president has been either alone, or in a small group of people when it comes to believing in tears before he might be there again, although there are hints from Republicans, and everyone should just keep quiet and not undercut his power to negotiate. And if you read between the lines there, maybe it's just a tactic. Judge? Thank you very much indeed, for that. Josiah Wingrove joining us from the White House. Okay, let's till you some of the other news making headlines in the world of Taras now that we're going to be what she decision from President Trump on whether to hike them on China later this month. President..

US president Mexico Trump President Mario Draghi Mike Pence New York White House Josh Wingrove vice president Goldman Sachs Josiah Wingrove China Asia Dong Sydney executive WTI Senate
Germany's Political Establishment Looks Fragile After E.U. Vote

Bloomberg Daybreak: Europe

01:27 min | 2 years ago

Germany's Political Establishment Looks Fragile After E.U. Vote

"The German government coalition looking potentially to be fracturing. What does Brussels, make of the new woes morning? I win the very shaky weekend freshman that needs to now that the German socialists are, obviously, in a very tough spot that has repercussions for this grand coalition in Germany, and also for Mirko and her future. And from European perspective, does, is very worrying because she's been at the forefront, have not determined politics, but also European politics for almost fifteen years, and taking take, how does is eight time or at the European Union has many threats has many challenges from trade to its own domestic issues and. Also in the Mets have negotiation to revamp and reshuffle every big European job from the European Commission to the European Central Bank, which is key for investors. Mario Draghi has to leave by the end of Tober. So it's not just a shaky time for your German politics. But also for Europe and has many, many bay repercussions. I think that today, it's unlikely to European Commission what way does because they still treat it as a domestic story, but many would be worried here. And in Brussels. Yeah, this is, of course, off the lead of the social Democrats. Enter Knowle's, who is a junior coalition partner, the social Democrats as she resigned unexpectedly saying that she lost the support of her

European Commission German Government Coalition European Union Brussels European Central Bank Mirko Mario Draghi Mets Germany Partner Europe Tober Fifteen Years
Lawmakers want to choose EU Commission head

Bloomberg Daybreak

00:52 sec | 2 years ago

Lawmakers want to choose EU Commission head

"Now mainstream. EU. Party's how their ground against populace in last week's elections. Now, the battle shifts to EU leaders, deciding who leads the European Commission lumers Maria today. Oh, reports from Brussels, European leaders will gather here and m principle, the winner of the election Manfred favor, who has a German, Christian Democrat and very closely aligned to angle, the miracles should take the lead to become commission president, but are reporting does show that it is not an easy situation and it's by no means clear that he will become commission, president and at the same time, what is becoming also increase in the obvious as European leaders have not agreed on a name, and they have not agreed on the system by which the next commission president should be elected today's summit in Brussels e you leaders are also deciding who heads up the European Central Bank with president Mario Draghi finishing his term in

President Trump European Commission EU European Central Bank Brussels Manfred Favor Lumers Maria Mario Draghi
ECB's Draghi worried about Fed's independence

BTV Simulcast

01:22 min | 2 years ago

ECB's Draghi worried about Fed's independence

"Top story. President Trump has renewed his attack on the Federal Reserve. He tweeted that the stock market could be as much as ten thousand points higher the word for the FOMC derided quantitative tightening. As for the killer comes after ECB president. Mario Draghi said he's concerned about the relationship between the president and the fed speaking of the IMF spring meetings in Washington, you said he's quote, certainly worried about central Bank independence. Let's get out to Eric Robertson. He's the global head of FX global macro strategy at Standard Chartered Bank. Eric every central Bank has a finite amount of credibility capital recently. We saw in Turkey how quickly that can get a VAT berated and how difficult it is to build again. And we store that confidence. How far are we from a scenario like that? How quickly it's credibility getting burned up here. If you're talking specifically about the US, I look I think we're still a long ways away, the fed has an almost religious adherence to its institutional independence. And we've said a number of times that you know, Trump and his administration can can comment or tweet all they want. But I'm not really worried about the Fed's independence, and I don't think we're very worried about some of the potential fed governors that Trump has nominated. I think the fed will be fairly resilient here.

President Trump Eric Robertson Federal Reserve Mario Draghi Standard Chartered Bank Turkey Fomc IMF Washington United States
"mario draghi" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:50 min | 2 years ago

"mario draghi" Discussed on Bloomberg Radio New York

"We did see futures trading flat. But I picked up a bit slightly, but that's not actually translating at the moment into the equity market open straight out of the gate. We all dead flat on the stock. Six hundred off gains of a quarter of a percentage point yesterday. In terms of how sets up with the industry groups. You're actually seeing just a touch more in the red than in the green you've got basic resources and real estate underperforming to the downside, call makers and retail outperforming to the upside looking at the regional equity benchmarks, the Footsie-100 trades flat. The CAC forty looks to be moving to the upside might be just waiting to get an opening price for that. The Dax episode slightly higher. And we are seeing a little bit of green come through on the footsie mid the Euro Stoxx fifty meanwhile, certainly in the green up two tenths off. Eight percent now yesterday, we saw US equities close Hiawassee, the fed is dovish. His markets were expecting. That's perhaps a question to ask you the ten year yield move lower in terms of US futures. We're posing thoughts a little bit here. The S and P five hundred he's dead flat along with NASDAQ. And Dow futures the ten year yield as I say edge lower yesterday up a basis point now on to forty eight hundred steady on the German. We went deeper into negative territory following Mario Draghi's press conference yesterday. We all still negative the ten year yield up a basis point one point one one percent. Speaking of Mario Draghi interesting to even though a lot of people came away from that news conference saying he had his dovish tone, the euro actually closed up a tenth of a percent. And we're steady in today's session at one twelve eighty four what is cable doing is it trickle treat for cable? Sorry. The producer told me not to get that joke in, but I just had to we've of course, had that extension to October thirty first cable holding up a tenth of a percent, we've gone above one thirty one in this session, one thirty one zero four as where we trade unless you take. A quick check on oil WTI. We so went sort of coming off that five month high WTI down five tenths of a percent. Sixty four spot thirty Brent crude seventy one spot forty eight or four tenths of a percent. It's the supply picture in the US outweighing any newsflow we've been getting around OPEC and OPEC plus members. And now, let's talk through these stocks to watch just is with us in the studio to discuss this equities reporter, justina Lee. Let's talk with luxury justina and LVMH. What are we seeing here? Right. LVMH reported sales that beat analysts estimates over the past quarter or offer new products such as Christian Dior monogrammed, low top sneakers and twelve hundred dollar Louis Vitton, utility harnesses. I mean, I didn't get those. But apparently other people did. And of course, there were also some new designers across its luxury brands, and that seems to be paying off because you have sales speeding estimates. And today, I'm LVMH is up about three percent and also lifting up a lot of it's. Competitors. Now talk to us about Mangope as well because. Yes, as you say good news LVMH some not so good headlines coming through for group today. Right exactly reported net outflows of seven hundred million dollars in the first quarter, still it's fun funds under management rose to one hundred twelve billion. So as you can imagine that was mostly because of good market performance. I mean, quite surprisingly the stock is actually up two percent today. Even though a lot of analysts have set that those outflows were bit worse than expected, but you can see that man group hasn't participated in the year today rally almost at all. So maybe a lot of that has been priced dinner eighty okay told to us about Ted Baker as well new CEO named house. The stock reacting riding the start reacting suck is reacting. Pretty well. It's up about two percent. Ted Baker named Lindsay page as a CEO after its founder Ray Kelvin left after allegations of in approach. Operate workplace behavior. A lot of people are seeing continuity, and this choice because Lindsey page was previously. The company's CEO of that probably gives people a little bit of confidence. Thanks for joining us this morning. Bloomberg's justina Lee with us in the London studio and LVMH, by the way, best performer on the stock six hundred right now. So that's how we are set up. Now. I just want to say as well actually the worst before is chief for s so we had the lines coming through yesterday. The UK security giant G S faces a possible bid from Canada's Ghada stiffle saying this morning. The investors should hold out for at least two hundred fifty Pence per share. Just an update full you there. Let's get to all top stories though, you leaders have given Theresa May a new Brexit deadline. The extension is until the thirty first of all toba to give the prime minister time to solve the deadlock in parliament in a press conference to the summit may pleaded for MP's to approve withdrawal agreement adding this huge frustration about the delay. I sincerely regret. The fact that. I have not yet been able to swayed parliament to approve a deal which would allow the UK to leave in a smooth and orderly way. But the choices we now face a stock and the timetable is clear. The EU has also granted Britain and early exit clause if parliament approves a Brexit deal with six minutes into the equity market open. I just wanna point out that in terms of the major indices Footsie-100 is lacking. It's down almost a quarter of a percentage point the CAC forty meanwhile up five tenths of a percent. The Dax trading flat ibex in the green footsie. Mayb flat right now, let's move on. And talk about US, President Trump tweeting awarding to what he calls the quote, brutal European Union. He criticized it's tough stance over Brexit and hinted, the blocks trade policies with the US would come back to bite it sticking with Europe and move onto central Bank. News the expecting to rely on long term Bank loans as a first offense against the economic slowdown. C president Mario Draghi says the probability of euro-zone recession remains low, but the Bank will assess if it should tweak negative interest rate policy to mitigate any side effects. The rue surrounding euro growth outlook remained tilted too. The downside on account of the persistence of certainties related to geopolitical factors. The threat of protection is and will never Bility's in emerging markets. That was easy president Mario Draghi and one of the key questions that was also put to him, of course, was to do with tearing. And whether this would actually affect the guidance on no longer how it would affect. Mario Draghi replied saying, I don't know just something to note. Let's turn to the Federal Reserve the latest minutes out of the Federal Reserve show officials signaling they're ready to move interest rates higher or lower as needed, but an unusual mix of risks mean they could remain on hold all year. Looking to China. Consumer inflation surged in March, Bloomberg daybreak and cut Bryan Curtis has more. From Hong Kong the CPI rose two point three percent last month from a year earlier matching estimates its jump from one point five percent in February now for an economy that had been stumbling it's a welcome sign. But there is a caveat food prices were driven higher by an outbreak of African swine fever more than a million hogs had to be cold. In the meantime, factory gate prices. Accelerated zero point four percent also matching estimates and that signals further stabilization in the economy. You know, I'm Bryan Curtis. Bloomberg daybreak Europe. Now onto the latest on the trade talks, the US and China a quote, pretty much agreed on enforcement over trade deal. That's according to Treasury Secretary, Steven Mnuchin, the two sides nearing a trade deal after recent high-level meetings in Beijing and Washington negotiators discussing when President Trump and she could sit down to sign off on the. Agreement turning to banks chief executives of the Bank sometimes dubbed too big to fail defended that bigness before the House Financial Services committee..

Mario Draghi US LVMH Federal Reserve CEO justina Lee President Trump Europe Bank parliament UK European Union president Bloomberg Bryan Curtis OPEC Ted Baker Hong Kong
"mario draghi" Discussed on AM 970 The Answer

AM 970 The Answer

01:43 min | 2 years ago

"mario draghi" Discussed on AM 970 The Answer

"Zhanna Steve Scalise. Even now that the attorney general makes it very clear there was no collusion. The chairman of the intelligence committee will not recant his previous statements that have been discounted. Democrats quick to defend shifts to shift is a member of the highest integrity, highest intellect and great responsibility Jordi leader, Steny Hoyer, saying that shift will continue to investigate Russian interference in the twenty sixteen election to make sure it doesn't happen. Again. Capitol hill. Correspondent Wally Hines adds that attorney general bar plans to release the full but redacted version of the three hundred page report to congress by mid April at the latest President Trump's decision to revive ObamaCare debates during political and policy debate among the GOP on how to best approach divisive issue heading into the upcoming presidential elections. He's looking to Senate Republicans for their ideas European Central Bank head. Mario Draghi says the euro zone's top monetary authority is ready to take further action. If the current uncertain economic outlook take. A sudden turn for the worse. Draghi says the Bank would take quote, all the monetary policy actions that are necessary and proportionate in addition to steps taken at its March seventh meeting when an extended the earliest for reading creases and announced new cheap loans or banks froggy says the economy faced pervasive uncertainty from a slowdown in global trade off domestic demand remain robust dragging notes, the Bank could respond to weaker than expected inflation by adjusting its timetable for interest rate increases correspondent Jeremy house reporting right now, the Bank says rates will not rise before the end of the year. News and analysis, townhall dot com. The army national guard is.

Bank Mario Draghi Steve Scalise attorney Trump European Central Bank Steny Hoyer Wally Hines chairman Jordi congress army Jeremy house GOP Senate President
"mario draghi" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:04 min | 2 years ago

"mario draghi" Discussed on Bloomberg Radio New York

"Yeah. I think that's essentially again where I would disagree. I should I think within Europe European banks don't look cheap. Thanks to be quite a common thread. I think European banks would be cheap. If you could see the earnings numbers getting back to the pre crisis levels. But I think we're a long way away from that happening. The return on equity that these companies are generating much much lower than the pre crisis period as well. So a lot of those historical valuation measures that people are looking at. I think have things looking at normally cheap. So at the moment, there's not a lot about European banks. There's a lot of bad news. You talked about some of Krawczyk risks at the moment already. But generally in Europe as well loan growth is very very low. The yield curve is very very flat and Europe is still mired in political uncertainty, and again, the general backdrop, and gross numbers is still very very weak, Germany. These numbers today. Okay. They came in a little bit better than expected narrowly missing that technical recession, but not far off. Yeah. What do you expect from the? I mean, Mario Draghi had wanted to raise rates starting possibly after this summer, and it looks like it's going to be more difficult. I think it's going to be very very difficult. Absolutely. And I think it's made all the more difficult because of the way the fed has has flip flopped in the last two months or so to that more dovish starts in the US. The data is much much stronger. Core inflation is much stronger. The labor market is much much stronger. I would argue that the conditions therefore some title policy and for high rates, but you can't make that case in Europe with around the world central banks moving to the slightly more dovish starves there really is absolutely no way that the the ACP commuter more hawkish stance, and certainly isn't anywhere close to raising rates at the moment. I would argue just as we were talking about the banking sector. They're just saw a headline across the Bloomberg said that are Bs is said to be among eight banks in a in a European eurobond cartel probes..

Europe Mario Draghi Germany Bloomberg fed ACP US two months
"mario draghi" Discussed on Biz Talk Radio

Biz Talk Radio

03:51 min | 2 years ago

"mario draghi" Discussed on Biz Talk Radio

"See Stryker S Y K 's up seven bucks, go. There's one that's up. It's medical parts and stuff like that. And that's the story apples picking up a little bit more. Now, it's four ninety five. From the close. Of before today. So it's up almost it's about seven bucks in the aftermarket right now. And I guess Tim. They have two hundred and forty five billion cash. So they're on a conference call right now. So I bet you they're announcing buy-backs and that moves the stock. So you get a little bit of help tomorrow from apple notwithstanding changes overnight. So look at me, a reporter of the news. I really wanna see what's going on in advance Micro Devices and why that's up in the aftermarket. They look like they had a big mess. Anyway. That's the story of today. In the aftermarket. We will go through everything else. That's going on. I do want to mention a few things that have showed up here. The meeting with China's in the next day. The fed is tomorrow. Let me be clear and let me be concise. They will talk easier. They will be easier not lowering rates, but they're certainly going to talk about how certain things that affected things and data coming in me a little bit softer, and we have to be vigilant, and blah, blah, blah, and all that stuff. So that's going to be the fed tomorrow. I do want election this. Mario Draghi guy. That runs the European Central Bank came out they talking about they may print money again. They may print money again. So the usual suspects just refused to let markets be. They refuse. Anytime the market gets in trouble. Easy. Easier. And it's basically every time now, and you got it again. Now, how long that lasts? How far it goes? I do not know, but they're back on the train again, again, ten years later again and the interesting part of the equation. Is that? Italy. And Germany contracted last quarter. With all this easy money. It gives one a lot of pause about we're we're going in the shape of things to come. Heck of a lot of pause because when all is said and done it will be about the economy. It'll be out jobs. It'll be because of the economy whether companies grow earnings, grow and all the things that matter as we move forward. So apple next up will be Amazon Google Facebook. Let's see who else Dobie. All the biggies are going to be reporting in the days ahead will be ready will report it to you again. Regardless that apple be up tomorrow..

fed apple Mario Draghi reporter Micro Devices Dobie China Tim European Central Bank Germany Italy ten years
"mario draghi" Discussed on Biz Talk Radio

Biz Talk Radio

09:52 min | 2 years ago

"mario draghi" Discussed on Biz Talk Radio

"We it's the first time since nineteen sixty nine that are first time unemployment claims have dipped below two hundred thousand. Because you know, and even an all Konami, there's always turnover there's always work. So all these people filing for unemployment not. Not not this week. So that's very good numbers. Tried the phones. Again, let me go to Keith. Keith. Can you hear me? Kate. Yeah. Okay. So. All right. Sorry about that. Folks. Eight four four seven zero seven fifty five thirty three. You can cure your call up right now. Not look so good. So leading economic indicators. Showing us that. Things are still good. Just one tenth of one percent. I talked about Venezuelan e the euro-zone PMI showing that the economy kitchen used just slow the yours. Our economy continues to slow according to business surveys that were released this morning. So European Central Bank meant for the first time this year. So the European Central Bank just now meeting I I don't wanna break, but they got a crisis over there man, they got major issues throughout the euro zone. And they're, you know, well, it's holiday man, they're on vacation. So, but they're just now meeting and apparently this morning when they meant for the first time, there seems to be this consensus that there is a very very low risk of the economy going into the inflation into I'm sorry into recession. Apparently ambit- looking at the numbers at least not the same numbers. I'm looking at because it sure looks like that is not the case at all. But they they meant for the first time, and we're looking at manufacturing service sector index that fell to fifty point seven from fifty one point one that's the lowest level in five and a half years. It's time they start getting concerned for the euro zone. It is time to get concerned, and they are seven tenths of one percent away from being in contraction mode, and one could argue that they in fact have been contracting for the last three months. I mean, they're coming off of their highs. So obviously, this is a very difficult situation. Mario draghi. Acknowledges the risk of the euro-zone economy is low. But look this is a guy. This is a I don't I don't know how he still has a job at the ECB has done nothing. They have done nothing for years for two years. Two years. He has been talking about. Starting to move forward in their quantitative easing to try to get away from the negative interest rates to try to develop a stronger your role. To help the economy. They don't wanna do that. They're scared to death that this economy would struggle and suffer even more which it might. But at some point in time, these interest rates have got to get and they don't have to get normal. They're not gonna get normalized for a long time. But they've got at least get to a place where they're a lot better off than they are today. I'll try one more time. I'm only assuming nobody's talking to me that they're trying to fix the phone. So since I don't know I just keep try so let me go to MARCY again MARCY there. Nothing. Okay. So. I don't know. I again, I can only assume that they're trying to get things. Worked out in the studio. Ford Ford has been in the news a lot last night. They had their conference call. I missed the first half of it heard the second half of it Ford keeps expectations for the year under wraps. So basically what I and a lot of other people in a car were looking for was some sort of guidance for two thousand and nineteen. They don't wanna give any guidance. Now, I don't like guidance. I think no, I don't think any companies ought to be giving forward guidance. I'd like I wish they would just do away with it. But nonetheless, they are saying that they've got big plans. The numbers didn't look bad. They are feeling very confident about where they're going. They had decent earnings reports. Earnings report. You know, I think it was decent compared to where they were last month. They are totally restructuring. They've cut a deal though. They have not released the details of the deal. The assumptions are the deal with Volkswagen is to try to help Volkswagen develop a Marco with commercial vehicles, commercial, trucks, F-series and such. So that is one thing they are releasing a all electric vehicle, and but there again, everything is kind of under wraps right now with with Ford soda or be interesting to see we're not going to likely get any more news than what we got out of the conference. Call yesterday at Ford is not talking. I would say Ford was way ahead of the curve Ford Motor. I wish I could have more my list. I don't have more my list. I wish I could. But I've got a look at them there. A major industry here in the US. And they give us some guidance a little bit of guidance system. What's happening in the automotive industry, which facts probably. I don't know. I'm gonna say ten fifteen maybe twenty probably more like twenty stocks on our list. So it's one of the reasons why we watch it so closely. So anyway, Caterpillar comes out with. Great numbers. Goldman Sachs issued a very strong report on oil and gold. They seem to think that gold neuro going to be good that to me says that they must believe that inflation is coming into the marketplace. These are commodities that do well during inflation. Now, I happen to think gold, I happen to think oil is a much better. Hey DJ against inflation. Then is gold. But nonetheless. Oil again was pulling back earlier, and I didn't get a look at it here. I'm going to get a look at it right now. But it looks like. As we look. Yeah. They're about the same. Basically west Texas intermediate has not budged Brent crude oil has gone down a little bit further. But we're looking at fifty to fifty seven fifty to fifty seven for west Texas intermediate. And a lot of that has to do with our. Companies that are engaged in all the fracking here in the United States who has cut they have cut back production. And I guess it looked they're still from what they have said. For what they have said. They are. Within profit margins at these prices now go back just three years ago, and the fractures you would say man, they're not they can't make money below sixty five dollars a barrel. Well, that's changed new technologies more work and. So. Anyway, that's that's what's happening. So we'll see. I mean, we'll see what happens with oil. But it it would appear as though that we have some hope of getting oil in in some sort of balance, and that would be great. If if that could happen if we could start seeing balance coming coming in here. So. Anyway. We'll see how things go with with oil. We're going gonna watch that very very closely. Global oil is the big problem, and listen, we I, you know, there was some news this morning that there was concern about oil supplies as a result of Venezuela. Well, I, you know, look, I don't think supply is going to be. A loss of supply is going to be much of an issue right now. I think the big news is demand, and we are seeing loss of potential demand in global oil, and it's dead or win. This is Kate. Disorders. Then there is a news safe better a natural alternative to better digestive wellness and heartburn relief. Brexit,.

Ford Kate European Central Bank Keith United States Konami Volkswagen Ford soda Mario draghi Ford Motor ECB Goldman Sachs heartburn Caterpillar Texas
"mario draghi" Discussed on My Worst Investment Ever Podcast

My Worst Investment Ever Podcast

05:11 min | 3 years ago

"mario draghi" Discussed on My Worst Investment Ever Podcast

"This really was the defining moments of my worst mistake because by the end of I think it was June in two thousand thirteen than it seemed as if the European Central Bank in Mario Draghi as the head they have, they had to have they have had the time to to reinterprets the rule book for central banking and for what type of of support they could give to various governments on an and that meant that they and they could convince Germany that the only way out of this. This problem is unity. That is that they re emphasized the whole thing with the whatever it takes. They did things that I never thought possible in practice. It meant that Germany should pay. For whatever mistakes Greece was doing the, they managed to avert the crisis. No matter that the banks really were insolvent and an insolvent banks shouldn't be allowed to continue on actually shouldn't be able to continue no matter if the liquidity is is good or not for temporarily. So threw out the second half of two thousand thirteen banks just kept chugging upward and the interest rates spreads between the various countries in the European Union was was compressed. So reason, Spain, Portugal, and all these countries were in danger and all their banks as well slowly, but steadily over those six months, all interest rates, converged at very low level and two things saved the banks and the country's one reinterpretation of insolvency rules and how to account for for various. Debt instruments on the balance sheet. So you were allowed to say that these instruments they are risk free and they can be accounted for at the nominal par value rather than the actual market value. And the other was that with extremely well, if you have low enough interest rates than the you get says, so high spreads on your business that you will in time make up for your insolvency. So looking several years into the future and the the government's authorities, central banks, they could collude with banks to actually manufacture solvency just give it enough time and well, eventually I was kind of wedded to this short position because I thought that I really know how this works. I understand the banks. I understand the entire system and there's no way that they can make it. So. More or less by the end of two thousand and thirteen. My my partners made me close the position if not like forced me. But so with the pretty intense discussions, they made clear that this is something that has to stop will will have to start over. That must have been a very interesting discussion. Had they been talking to you about it for a while. And then finally, you just said, okay, you're right, or did they just come at some point and say, okay, we gotta stop this. Now we discussed this at least a week for the entire six months, but I always had some arguments, some clever argument for why the situation should change any minute now. And since I was the one understanding and knowing in being responsible for banking sector, I could always like out argue them because I, I, I knew so much more about all of the problem on the lesson that I think we will. Come to later. Yeah, I should really to have actively tried to understand what it is that I don't understand and didn't really consider the possibility that there is something in the system that I don't understand. So I was trying to solve the problem within the wrong set assumptions that brings us into the idea of what you learn from this experience in actually, what you're talking about too is the idea of kind of the framework with which we operate in. Sometimes things happen outside of that framework and either it's hard to understand or it's hard to accept that things would happen outside of that framework. But maybe you could summarize what it is you learn from this. The main point is, is what I try saying that I wasn't open to the possibility that I didn't understand gets befo picture. So that is really my my advice to antibody finding themselves in a similar position and that's to for one take some kind of pause or break if it's in financial than actually. Just just neutralize the position for a while. Think about it because then you might get another kind of perspective on on what you're doing. Because as long as you are in the heat of it, it's difficult to think clearly, even if you think you're thinking clearly..

Germany European Central Bank Mario Draghi European Union Greece Spain Portugal six months
"mario draghi" Discussed on The Economist Radio

The Economist Radio

03:50 min | 3 years ago

"mario draghi" Discussed on The Economist Radio

"The european central bank plays an incredibly important part in the economy of the euro zone the boss of the moment is mario draghi and his eighth year term is president comes to an end next october to find out a bit more about the potential replacements and what they could bring to the role i'm joined by racha schanberg a european economics correspondent brush no white is it matter who's the boss of these ebay well and all you need to do is go back to two thousand twelve when the european sovereign debt crisis was at its worst and mario draghi with one speech significantly calmed market nerves he said that the do whatever it took to preserve the euro and i think those really will the evidence you need that one person in charge of the central bank can make a big difference the next president of the if you sort of look ahead will be in charge of gradually withdrawing the stimulus that has been introduced over the past five or six years and that's a really very big task and we have any idea who's lining themselves up and looking for this job well with about fifteen months to go into maria draghi ends his term is still very early days but nevertheless some names are starting to be talked about one of them is yen's vitamin who is currently the head of the german central bank abundance bank there's a perception that it might be germany's turned because although it's the largest economy in the euro area the most populous country hasn't so far had head of the now he clearly technically very qualified but there might be some objections from other sort of more southern states in the in the euro area because he's very hardline views on ecb policy but he's also very divisive candidate particularly amongst the southern european states because he's very often been in the dissenting minority when it's come to votes on monetary stimulus so it's not clear really whether he would actually get the go ahead or not the decision would need to be made in sort of horsetrading between the nine hundred member states of the euro so it might well come down to how much angular mirko really wants to push him as a candidate that would be a big change departure winded for the to be taking such a hard line role in backing so much germany's vision of the euro as something that needs the whole of the eurozone to become german effectively absolutely it would be a very big change and it could start to make financial market participants a little bit nervous especially given political situation in italy so i'm not entirely sure if he's the most likely candidate at this point it might be instead that somebody else from some of the the northern economies the smaller northern countries in the eurozone might get it instead so people who are also talking about the governor of the finnish central bank arche lebron as well as the head of the dutch national bank classic not i presume these are people who would take a similar sort of signed money low debt sort at your economy yourself not massive transfers between in the various european countries but perhaps less divisive i think that's right certainly archea can has been viewed as helping sort of reach consensus and build a consensus and certainly isn't regarded as being controversial characters jens vitamin so is this one of these european roles that get decided largely on nationality and largely behind closed doors and in the end they don't necessarily end up with someone terribly good while there's a lot of considerations that go into it you write it comes down to nationality we also have the european parliamentary elections next year so there's a chance that the the next head of the will be decided alongside sort of the host trading around who's going to be the president of the european commission although the head of the european council if we look back to mr draghi's appointment nearly eight years ago the.

mario draghi fifteen months eight years six years
"mario draghi" Discussed on Rich Dad Radio Show

Rich Dad Radio Show

02:12 min | 3 years ago

"mario draghi" Discussed on Rich Dad Radio Show

"On different countries throughout the world it's she starts with mexico for all of you in there will listening to the rich dad radio show from mexico you should listen to should read this book and for those here from japan who we listen to the radio show you've got to listen to the book because the bank of japan is the one who started quantitative easing and now they've taken it to new high always said oh that'll never happen here in america that will never happen here in europe as happening and now the biggest ones are bank of japan the fed an ecb under mario draghi and they're printing so much money and people are still going out there that working hard for money they're saving money trying to buy a house prices are going up everywhere because they have to inflate the economy or they can't pay all the bills and they put the money in the stock market that's why i want to find out when we come back what name nomi how this collusion what it what was the effect on main street and what does the individual do or how is it be howard they being specifically affected well when we come back you're listening to the rich dad radio show with robert kiyosaki don't be like charlie charlie is that doityourselfer who does himself in do it yourself is good for tile and grout it is not good for asset protection charlie thought he'd save a few dollars forming his llc online with no guidance he did it wrong when he sold the property he lost thousands and thousands of dollars he did himself in by trying to do it himself don't burn yourself us corporate direct to set up and maintain your llc's inc's corporate direct is owned and operated by attorney and rich data advisor garrett sutton garrett wrote the bestsellers loopholes of real estate and start your own corporation he is robert kia sakis attorney for asset protection he and his team will do it right visit them at corporate direct dot com or call eight hundred six hundred one seven six zero mention rich dad and receive one hundred dollars off your formation fee that's corporate direct dot com.

mexico japan america mario draghi robert kiyosaki charlie charlie attorney robert kia bank of japan europe howard advisor garrett sutton garrett one hundred dollars
"mario draghi" Discussed on Tech News Today

Tech News Today

02:18 min | 3 years ago

"mario draghi" Discussed on Tech News Today

"An and mole canova visibility if you like as far as sort of tracking these things goes in and keeping companies accountable so that's something that's happening in the us but um but it's it's extremely unlikely that that you know they would try and class bitcoin itself as anything like that because it would it would basically kill it you know no one no one would want that by by design people wanted to be decentralised did they they they wanted to be free of any kind of government oversight um and either repeat mario draghi whose he's the president of the european central bank said in a a video only this week that he's a bitcoin is a currency but the very interested in it says his way dichotomy where you know they they think it's very interesting and very important but the light yet that a money um but governments having said basically forge their own pathan and learn as they go there cannot be enforced forced to look at it through a different lens because of the asked of amount of money is being poured into it made a fantastic fascinating stuff and really enjoyed your article and it's great to have you back nate links in from bloomberg dot com has great talking with anke jason texas we'll talk to you soon after the break alert the people for the ethical treatment of home pods kelsea weber for my fix it is back to show us how she took a hacksaw to apples latest gadget but first this episode of tech news weekly is brought to you by clouds banner from google ploughed platform of you know anything at all about distributed databases than you probably come to expect that they cannot be both relational and scalable but what if you didn't have to make tradeoffs what if you could have a fully managed database service that's consistent scales horizontally across data centers and speaks as q well now gugel has introduced clouds bannered the mission critical relational database service from goo goo cloud platform it's built from the ground up in its battletested atceuc goal for strong consistency in high availability a global scale clouds banner deliver scale ability high transaction performance and strong consistency across rose regions incontinence.

us mario draghi tech news gugel anke google
"mario draghi" Discussed on Adventures in Finance: A Real Vision Podcast

Adventures in Finance: A Real Vision Podcast

02:22 min | 4 years ago

"mario draghi" Discussed on Adventures in Finance: A Real Vision Podcast

"That stimulus of the markets can still the economies can stand there and to feet or is the withdrawal of that stimulus going to basically foot everthing back economies will slow down the inflationary pressure will go away what would you sealed lining up well i think pointing prime bearing two in its in a very gradualistic fashion in a very very calibrated passion i mean mario draghi has gone to some lengths to to tell us that he's not going to raise interest rates so well pasta cessation of quantitative easing indeed is even left qe openended uh i would question that personally but know let's take the ecb and madrague his word he's going to be very intense didn't calibrated in withdraws dimissed and ditto conroy to the boj my goodness me i mean corroded would like to maintain key we'd probably forever and ever the my my bottom line is that i don't believe that uh the the the withdrawal of quantitative easing of will um uh generate a significant downturn as yet uh in the global economy and the other thing groggy i think with which we should remind ourselves know inflation and a little bit like toothpaste try and put toothpaste backing the choose it's very very difficult once he gets some form of traction particularly wage inflation then i think we'll with with regard to see some some challenges ahead and in my view grown um i just don't believe the bond markets are pricing that kind of scenario so i think if you if you want to try and identify potential banana skins next year is that the market is miss pricing invasion as indeed i think all the central banks so um i i kinda get that there's going to be withdrawal monetary stimulus uh we're going to get a reduction in the balance sheet uh progression production van sheet the fact bashing next year so all of those things clearly will be less student dri moving forward but will not be sufficient to i believe you know prevent this takeoff this inflection points uh in in inflation and if i may just continue on that uh the story line for a moment let's remember that in.

mario draghi interest rates ecb conroy global economy wage inflation central banks dimissed
"mario draghi" Discussed on Monocle 24: The Briefing

Monocle 24: The Briefing

01:31 min | 4 years ago

"mario draghi" Discussed on Monocle 24: The Briefing

"Talking about the latest book fascinating stuff found another thank you as always for guiding us through some newspaper front pages firm news to business let's talk business news investors well keenly focused on the european central bank today you inputs joins us from bloomberg you know what tell us about today's announcement why why is it significant so as market sucked keenly looking forward to this announcement from the european central bank is poor the most important elements since the one in early 2015 when mario draghi announced the start of quantitative easing blowing up of a government bonds and then corporate bonds and efforts to make sure that interest rates stay low now let's expected to happen later on size the governing council looks set to cuts the kiwi program monthly us it purchases from their level of 60 billion euros probably was going to stretch them out suffers lowest capacity as allows now as usual economists aren't quite show exactly what's gonna happen but the ones we've spoken say they record on average the should be a ninemonth extension to the program probably about 30 billion euros a month so that's osthoff eleven it is a moments although some think of it more or less than that so economists not expecting any change to the rockbottom interest rates around europe at the moments they thought that's going to carry on beyond the end of the assets purchase program now you and we sometimes laugh about some of the new stories we discuss driving either you or me or both of us to drink i gather shares in the world's largest brewer trading low today.

central bank bloomberg mario draghi interest rates europe ninemonth
"mario draghi" Discussed on P&L With Pimm Fox and Lisa Abramowicz

P&L With Pimm Fox and Lisa Abramowicz

01:31 min | 4 years ago

"mario draghi" Discussed on P&L With Pimm Fox and Lisa Abramowicz

"But uh that could change if we get a new leader in japan no question we you know we if we are to air on both the bank of japan in on the federal reserve we would like to see status quo that being karate staying in place as well as yaun staying in place just the stability of the market i think is done a magnificent job he's probably been the most uh if you want to call it aggressive and if not just uh you know more or less creative of of the of the central bankers uh in the world and once again is done a good job of a stabilising acid prices and stabilize the economy in general while you pink diplomatic because some investors might say that he actually six is the prices of assets because what they have about 33 percent of the jgb market and like threequarters of all uh japanese exchangetraded funds that are on the rights they their own by the central bank that's why i use the word creative you see something a little bit other norm that we've seen from other central bankers but um you know it's it's a little bit reminiscent of what mario draghi is steadily it's whatever it takes and i think kuroda's basically done that okay so you help me circle back we're going to go to a europe now and mario draghi the european central bank tell me what you were what what your thoughts are are there because i know that later on in the week i believe uh you know we're going to get some news from the central plank of europe but also we're going to get the fed minutes what are what are you going to take away from europe first.

japan central bank mario draghi kuroda europe threequarters 33 percent
"mario draghi" Discussed on Monocle 24: The Bulletin with UBS

Monocle 24: The Bulletin with UBS

01:46 min | 4 years ago

"mario draghi" Discussed on Monocle 24: The Bulletin with UBS

"Major economic repercussions but a moved to one twenty maybe even stronger on the eurodollar exchange rate i think is a very plausible assumption citizen to be plenty of posted what remains to be done so mario draghi i'll well inflation is definitely a number one priority hoon's patrick risk were certainly not in moina's deflationary environment that we were five years ago or even three years ago as drug himself mentioned at the last press conference inflation established that there is no convincing and sustainable upward pressure really on inflation so i think that's draw game number one priority and the labor market while we have very strong improvement in the labour markets over recent years and some of it has also been less than ideal i would say in terms of if you rather than looking at the unemployment rate you look at the underemployment rate we still see that this is and then they didn't and this is a bowl of the level it has been precrisis many of the jobs that have been created or more on the i would say um lower productivity lower pay you side some of them are parttime jobs or just temporary jobs so the quality of jobs could improve as well and patrick also has its that's relevant on the investment side he explains maloney eu's on equities position we suvs yeah we still have a overweight position in eurozone equities on the relative basis this is uk equities and we do so because we think that eurozone equities are still supported by continued improvement indy earnings growth dynamics as the companies in the eurozone are benefiting from this.

hoon moina labor market unemployment rate patrick maloney eu uk three years five years
"mario draghi" Discussed on WSJ MoneyBeat

WSJ MoneyBeat

01:46 min | 4 years ago

"mario draghi" Discussed on WSJ MoneyBeat

"Probably the more in fact said she the outperformance of the year is that on a cyclical basis and not the uk kholsa entirely different situations at the the european single currency say uh as the full extremely strong mostly extremely strong on a relative basis the absolute number up snow starts in youth farooq said senior intended the currency to only expectations it's a full english well we have come from uh the the the couple of looks entrenched in the bus um but things don't quite so simple because ecb monday and there's and trade should actually inflation remains very benign in the year excited until we had the strong support to the earth i got the clearing of vehicle clouds around the french election be the content that the us expectations will call i haven't been dilemmas and we have significant political clouds over the us has been operating under this this mandate from mario draghi which was basically summed up in his whatever it takes speech you know you like you said they're their mandate is not grow did his inflation but growth is doing well are are they in a position where they really can declare victory in start moving to remove visa remove the supports female declared victory their central bankers in luxury backwardlooking but they may have a date they 2017 be whatever it takes speech within twenty twelve fabrics over five years and the enough period of time uh the ability for years and self men befitting pretend to it.

farooq us mario draghi uk five years