It is the first interview on bloomberg and we will talk about that story. Lets talk about the story and get news with caroline hyde. Caroline Federal Reserve chair janet yellen said that while the rate hike may be delayed by the turmoil in market, she will not abandon the program. Making the twice silly address, she said recent volatility has tightened financial conditions and could weigh on the economic outlook. Levels not seen since before the bank of japan surprise monetary easing back in late 2014. N 8 monthbed two and 8 high. Whohedge fund manager successfully bet against mortgages during the subprime crisis. Thinks the worlds secondbiggest economy may have to print more than 10 trillion yuan. The ceo of frances secondbiggest bank thinks markets are overreacting. He told bloomberg that the current climate is nowhere near as bad as 2000 an8s crisis. This is that its too low we has nothing to do with what we saw in 2008. The Banking System in the world is much more stronger than it
Hello. Welcome to countdown. I am mark barton. It is 6 00 on this thursday morning here in a bloomberg reporters are standing by to deliver the stories that will drive your day. Mario draghi has his conference. Failed bid for alstom. Ryan chilcote has the latest on the truce talks between ukraine and russia. Coming up in just under one earningse, we get since a high retailer went public. We will be the first to talk to jim mccarthy. And then we are joined by the director general of the confederation of british industry. He says that uks continued membership in the eu is vital for its economic future. 9 00, well have kjos. R guest, bjoern draghi speaks. We get the u. S. Report as well. Im joined by manus cranny for more. What are you expecting from draghi after last months extensive measures question mark measures . Clarity. We have moved on. How low will rates go . How long will rates stay low . Issue is the growth economy. How are you going to do it . How are you going to measure the
Good morning. You are watching the pulse. Im guy johnson. Im francine lacqua. 14 years after inheriting the biggest budget deficit since 1945, the u. K. Chancellor will give his last autumn statement before the general election. Ispite the recovery, osborne less than halfway toward his goal of returning public finances to surplus. So what can we expect from the statement . We will bring you coverage of all those issues that matter of ahead of the statement this morning. We are bringing full coverage of the statement. We will take that live at 12 30 london time. First, we got two hours of analysis right here on the pulse. Some key guests. A game of numbers is a good way of looking at this. George osborne delivering his auto statement and the forecast are all about the deficit. Around 100 billion pounds for much of this year. Much higher than previously anticipated. Cut or spend, we will do the math with the institute of fiscal studies Program Director. She is going to be working through
Million bill out between friends, russia, and ukraine france, russia and ukraine. There is a draft proposal and they are having an agreement but does it mean that will not be able to sign something. Yeah, absolutely. They have been there for 60 hours, i have lost count. The leaders of germany and france, what we understand has taken place is that came up with a document that the russians presented to the prorussian rebels who were in the building but not part of the talks because ukraine will not talk to it and they rejected it. The eu said that start of its meeting with all 28 heads of state will be delayed so the talks can continue. In terms of the process, i put the bits together, the financial package critical to establishing a baseline for the economy. You needed to get back in and build a deal. How do the 2 bits fit together . It is important, the timing. What they were hoping was to have a ceasefire but i do not think the german chancellor and french president wouldve went in th
By Victoria Klesty OSLO (Reuters) - New Nordic airline Norse Atlantic started ticket sales on Friday for budget transatlantic flights, hoping to succe.