I do not think it dissuades the fed from doing what they had planned to do. The fact that inflation is being made out the way it is and the decision could be driven by it, i assume that they will not be data dependent. It is going to be employment and other things driven, which is doing very well. The fact that they may not tighten or may take remedial measures because of low inflation, that is news. Yellen is getting dovish and it plays into that trend. The market has gotten a little short as well. That also plays into it. I think this is a fed the has to wait until they see the whites of the eyes of inflation before they raise rates again. I think we have to understand what kind of environment we are and it is still supportive of being in risk assets. Theres a lot of complacency in the risk market and i wonder when the fed actually does raise rates and does start to reduce the Balance Sheet if the market does not have to go through some sort of readjustment process. Jonathan joining
I do not think it dissuades the fed from doing what they had planned to do. The fact that inflation is being made out the way it is and the decision could be driven by it, i assume that they will not be data dependent. It is going to be employment and other things driven, which is doing very well. The fact that they may not tighten or may take remedial measures because of low inflation, that is news. Yellen is getting dovish and it plays into that trend. The market has gotten a little short as well. That also plays into it. I think this is a fed the has to wait until they see the whites of the eyes of inflation before they raise rates again. I think we have to understand what kind of environment we are and it is still supportive of being in risk assets. Theres a lot of complacency in the risk market and i wonder when the fed actually does raise rates and does start to reduce the Balance Sheet if the market does not have to go through some sort of readjustment process. Jonathan joining
Present anytime soon. Shares in the photo app maker plunge as user growth stalls. Can any filter save it from the instagram threat . This is bloomberg surveillance. We are getting some breaking news out of the iea. Dip as we are seeing a across global stocks because of the threat from the Korean Peninsula. This is what im looking at. They are cutting estimates for the crude needed. I imagine they mean the crude pumped from opec for 20172018. They also go through some of the compliance issues opec was discussing. I dont know whether this is having an impact on the price of crude. You can see brent down some 0. 8 . They say that Global Oil Demand is rising to more than 100 Million Barrels a day for the Fourth Quarter of 2018. This is what im looking at for the rest of your data check. It is a risk off kind of mood. This is what were seeing in equity. Havens are gaining because of the korean tension. We had ray dalio publishing a note, a game of chicken between the u. S. And north korean
130 people dead in november, 2015. Islamic state cleansers possibility for that violence. Emergency in power Security Forces to apply the highest level of protection in the runup to springs president ial and general elections. Global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. I am emma chandra. This is bloomberg. Live from bloombergs world is in new york, i am scarlet fu. Joe i am joe weisenthal. We are 30 minutes away from the close of trading. Scarlet u. S. Stocks making a comeback. The day after the fed meeting and the fed said they were raising Interest Rates. Joe the question is whatd you miss . Scarlet plus, is cash still ken harvard economist rogoff wrote a book about the sinister side of cash, and we might be seeing those effects in countries like india and venezuela. He will join us in the next hour. And 20 states to mylan and other generic drug makers of conspiring to raise drug prices. We will speak with the connecticut
Sight for russias market downfall. It is bottoming out a bit. Anna a very warm welcome to bloomberg daybreak europe. Our flagship morning show from london. Let us talk about the dollar. We talked about it a lot this week, certainly yesterday in the aftermath of the Federal Reserve Interest Rate hike. We are once again talking about the dollar. Go long or go home is the title of this fantastic chart i have for you here. Circle, november, marks the victory of donald trump. What we have on the white line is net dollar long. Their highest level since january. Are we done with the dollar rally . Perhaps not. A 10 year high against the yen. Let us put up the risk radar to show you where we are compared to other currencies and Asset Classes. The euro is a focus. Some big moves in the euro this week. 104. 37. The euro hit 103. 67 in yesterdays session. For the dollar against the euro since 2003. Asiapacific, up by 0. 3 . Brutal in the wake of the hawkish fed about 2017. When of conversation ab