Want to use today the future of. Teetotal dot com for. The. Click term. Tesla gets the green light a court says the electric car maker can continue clearing trees on the science of its plant gigafactory but then. Also a landmark day on wall street a 13000000000. 00 buyout by Morgan Stanley is the biggest by u. S. Bank since the Global Financial crisis. Also coming up more massive numbers as the global aviation sector. The figure on the cost of coronaviruses. Careful its called jordans dancing bear east who is during new customers in the swing of the hips. This is deja vu business on robots in berlin welcome along tesla has the go ahead of course in germany has ruled that forest clearing for a new factory for the car maker can continue environmentalists have blocks the works in court saying that the public had not been properly consulted they gave a factory site is located just outside of palin and will be tested 1st in your production is set to begin in 2021 with a starting to pasty of
Course in germany is roads that forest clearing for the car makers new factory can resume environmentalists have blocks the working court saying the public has not been properly consulted to get a factory site is located just outside of berlin and will be testers 1st in europe but action is set to begin in 2021 and several startups in the area are already awaiting the firms right. Just a few more batteries to build and then thats it for the next few days theres a dip in production a test fault in brandenburg the supplier com keep up deliveries of the require attack the company is feeling the downside of the emo billet boom empty shelves in the warehouse where crates would usually be piled up high. The boss of the battery producer says such a production bottleneck is nothing new the industry is booming thats why found as he mentioned that has doubled his staff each year hes even considering building more space no problem as the land prices in the east of germany are so low. Heres a star
Leaked that were very frank about his assessment of the president , and it was not very flattering. It was business as usual, but five hours later that proves not to be the case. David but President Trump really had gone after him, even calling him stupid and things like that. At the same time, the British Government backed him. But it is hard to do your job if they are not going to talk to you. Alix for sure. But also the leaking. He was supposed to report back. That was the point. In the markets, we are seeing a bond selloff headed into the fed , particularly on the long end and in europe. German bund yields are at their highest level since three weeks ago. You have persistent weakness in the equity markets, down 2 10 of 1 . It is a mixed dollar story. Some industrial output from europe. Eurodollar goes nowhere. Yields up by about three basis points, 2. 1 . We havent seen that in about a month. Crude, lots of things boosting crew today. Russian production is down. More harsh words fr
Coming up, fresh inflation data shows sticky price pressures. Wall street address to higher for longer. We begin with the big issue. A cut delay from the fed. The fed focuses on pce. Pce. Pce data was not as bad as expected. I dont see why the fed would be rushing to cutting rates. A case for fed. Easing is pretty small the market needs to see a couple of good prints on the data. We need to see a swift and compelling and convincing several prints of weaker inflation data. Im convinced inflation is not returning to 2 in any kind of stable, reliable way. Inflation is going to prove more sticky. This is no longer something you can explain is the beginning of the year pop. There will be more elevated debt than we thought. We are seeing elevated signs the u. S. Economy is slowing. Inflation has come down pretty meaningfully. We have already landed from that very high level of growth and inflation. We still think we could be cutting rates modestly this year. Now, lets look closer at that pce
Outlook for the economy is strengthened since december. Greater confidence that inflation will rise. Additional headlines, mike and morgan, about nbs, the agree to which they were a success says the new normal for a Balance Sheet to be around 2. 5 to 3 trillion and the emphasis by powell on the strength of the economy, the tail winds, the fact that perhaps the low inflation is transitory that was a take away too in response to representative maloney, she asked if were on pace for three rate hikes . He said well see over the next couple weeks what is submitted in terms of projections. But since the last round, you see continuing strength in labor market stronger economy, signs that inflation could be moving closer to target. More stimulative physical policy thats really when you saw markets begin to move lower. Lets bring in our senior economics reporter Steve Liesman who can help us understand what this may mean for the march meeting as we watch the odds closely today, steve. Good poin