Christine lagarde, president of the ecb, moderated by Francine Lacqua. Francine what a great pleasure to be here with Christine Lagarde, president of the European Central bank, and welcome to the forum here at bloomberg. Everyone is talking about the vaccine. How will that actually change your forecast and the economy if we do get a vaccine early next year . Ms. Lagarde it is lovely to see you and to participate. To your question, i am not sure it is going to be a major game changer for our forecast, simply because what we had anticipated in our baseline was that some stage in the first half of 2021, there would be a vaccine, and that it would be rolled out in the course of 2021. So it might be a little back celebrated a little bit accelerated given the news we are receiving from the various horizons, germany, the u. S. , but i dont think it is going to be a game changer, so to speak. I think that our forecast is being revisited all those times we speak, and we will be releasing on dec
Of a modern daily family meal lightlife. Try a clean plantbased burger for a change. A virtual u. C. Berkeley event. When he said we may all see a return to normal. They fed thousands of people in the east bay during the pandemic, but now a heartless act has a bay area man survives a vicious shark attack and tonight describes what it felt like. Sprinkles and autumn heat in the sevenday forecast. Ill tell you which one shows up this weekend. Abc7 news starts right now. Translator announcer building a better bay area for a better future. Abc7 news starts now. Scalpel blades so sharp. Tonight a santa rosa man is sharing his harrowing tale after being attacked by a shark. Mark was bitten while vacationing with his girlfriend in miami beach, florida. Abc7 News Reporter j. R. Stone spoke with him earlier this evening. J. R. , he says this isnt going to keep him out of the water forever. Is that right . Reporter for now, yes. But not forever. I talked with mark on the phone just hours after h
A virtual u. C. Berkeley event. When he said we may all see a return to normal. They fed thousands of people in the east bay during the pandemic, but now a heartless act has a bay area man survives a vicious shark attack and tonight describes what it felt like. Sprinkles and autumn heat in the sevenday forecast. Ill tell you which one shows up this weekend. Abc7 news starts right now. Translator announcer building a better bay area for a better future. Abc7 news starts now. Scalpel blades so sharp. Tonight a santa rosa man is sharing his harrowing tale after being attacked by a shark. Mark was bitten while vacationing with his girlfriend in miami beach, florida. Abc7 News Reporter j. R. Stone spoke with him earlier this evening. J. R. , he says this isnt going to keep him out of the water forever. Is that right . Reporter for now, yes. But not forever. I talked with mark on the phone just hours after he was released from the hospital. He tells me that this was either a black tip shark
Bit of the rising yield. 65 basis points on the 10year. Throughout the day, i think my theme has been trained to gauge investor sentiment. Maintains, stocks can these high levels. If you go up to 1 or one and a quarter, he has to massively rethink his price target. Then you get to the relative trade. Of course, earnings yield lower than the 10 year treasury at the moment. But if it starts to climb a little bit, how does that affect the relative value . Caroline we have had that sort of worry. Mike wilkins at Morgan Stanley also saying, we are worried about rates going higher and what that would mean for stocks. Whiting is still with us. This week, we get a little bit of messaging out of the fed. Are you expecting to hear anything out of powell or any of the other members that would give you a better assessment of where Monetary Policy might go . Steven it is possible. Chairman powell has been relatively quiet about healthy Federal Reserve might adjust its framework for achieving its in
Maria is there with more. What do we know so far . It seems like they are going to be talking on the 750 billion euros stimulus. Is that rhetoric . Maria it is unclear whether we get a deal. We do know european leaders have been stuck in a room was 10 hours debating what to do with his Recovery Fund. It is clear there are three major sticking points. One has to do with the size of the Recovery Fund, how big it is going to be. Euros wouldbillion be granted as grants to countries in Southern Europe that have been badly hit by the coronavirus. That could change during the weekend. There is an issue with the format, how much this money will be in terms of grants and how much will be a typical bailout just cash for reforms. Secondly, this is becoming a major thing, the governments. Who is going to make sure a country like italy after they get this money, who is going to make sure they use it for reforms . For a country like the netherlands, for the dutch Prime Minister to whom i spoke to in