To raise rates it could increase in inflation. He doesnt conclude that would happen but we need to think about that. He repeats kind of the normal argue amount for raising rates and says f1 policy remains extreme and inflation is close to target. Not strictly endorsing but saying thats the normal argument for why rates should be normalized. Former Federal Reserve chairman ben bernanke out with a blog about negative Interest Rates and says the fed is not out of ammunition but there are signs Monetary Policy is reaching its limits. They include lowering rates but not much to do there. A quarter point. Forward guidance could be powerful. More quantityive easing and negative Interest Rates. What does he say sna that evidence from europe suggests they might be more powerful than had previously been thought and argues anxiety over negative rates could be overdone. Banks could still earn a profit by charging a higher rate than they pay. Bernanke also says negative rates have modest benefits a
Climate change. The big talks ahead in paris. First to our lead. For the second time in two years, google is in the u. S. Governments crosshairs. The federal trade commission is looking into whether google restricted competitors access to android. Just last month, i asked the ftc commissioner whether the agency will be taking another look at the company followed the Search Engine investigation. Take a listen as to what she had to say. I was not part of that decisionmaking process. I think it would be highly unusual for the commission to go back and reopened that case. Emily to be clear, i was asking about a different investigation, but i said should the u. S. Government take another look at google . Joining me from washington, bloombergs team leader for financial crimes. What do you make of the commissioners comments . Does this new potential investigation signify a change in attitude by the government towards google . Sarah it was a surprise to everyone to learn that the ftc is taking
Chinese factory activity fell to the lowest level in three years. That reinforced concerns that china pot slow down is getting worst during is getting worse. Futures in new york have fallen as much as 4 today. They had risen 27 in the three days through yesterday. To build obama wants new coast guard icebreaker that could operate yearround in the polar region. The president will pose that today in alaska, part of a threeday trip. Focusday mr. Obamas was on climate change. He says it will define the century more than any other challenge. President obama human activity is disrupting the climate. Climate is that changing faster than our efforts to a dress it. Vonnie temperatures in alaska have risen twice as fast as global averages. Apple tv may be going hollywood. Bloomberg news is reporting entertainment executives holding talks about exclusive shows for apple tv. Appled allow apple is planning a live tv service. In tennis, Serena Williams first round match of the u. S. Open was little
Join my colleagues trish regan. I thank you. We will talk a lot about apple. Karo, you first, given the huge selloff we now underway stocks lunging almost 300 points right now, what do you think is really behind the selloff . I have said for the last year stocks might be a bit high and that there is a lot of risk. I do not think there is one specific thing. The International Situation is obviously pretty bad. Oil prices, of course, have fallen off a cliff. Have, profits in this country are somewhat questionable. Based on low Interest Rates. You had a harm a high market for a number of years. You have to expect these things. You could ask the other way, what caused the market to go up . 80, 90 . So you think this is the start of a correction . I do not know. It is like asking me if i think the farmers life will shoot another seven in vegas. There are too many variables. I just think, on a macro level, you can predict the trend, and that trend, shall we say, there is a lot of risk. A lot
The scene of a road accident. What we dont know yet is whether there was a connection to yesterdays attack. There is still a huge sense of fear across paris. The city feeling like its in lockdown. But we are now getting reports that the two men suspected of having carried out the attack on the Charlie Hebdo magazine have been spotted. Were going to bring you the latest on the operation to track them down. And defiance in the face of terror. Cartoons are published around the world in response to the terrorist attacks. Well be taking a look at satire and how it makes sense in this kind of violence. Welcome to gmt. Its 1 00 p. M. In paris where the bells of Notre Dame Cathedral have tolled and a minutes silence has been observed. Weve had we understand a sighting of the two men suspected of the attacks on the french magazine where 12 people were killed. Theyre reported to have robbed a service station in the north of france. They stole food and petrol firing shots as they struck at a road