International monetary funds Chief Economist Pierre Olivier gourinchas. The imf and the world bank are having their annual meeting in marrakech and later today, Finance Ministers from the 620 and Central Bank Governors will be meeting to discuss the health of the Global Economy. According to the imf, Global Growth remains dampened by Supply Chain Disruptions linked to the covid 19 pandemic and russias war in ukraine, persistently high inflation, and spiralling borrowing costs. Heres our economics editor faisal islam. The message from the imf for the 190 Finance Ministers and central governor business in marrakesh is that the World Economy they hope had turned a corner after three years of rolling your clinical crisis. Well, it is limping forward rather than sprinting forward now with geopolitical crisis. Slowdowns in very specific countries like china that they had not expected. There is an additional worry about this new higher for longer Interest Rate world that might affect the bank
Train to europes tax faltering is reopened. All you european indices are slightly in the red. True to the shanghai composite up one and a quarter on signs of a stronger economy trading in japan closed for the holiday. Cheryl if youre a nervous flyer, good news for you except have the plain rain may be. Fbn am starts right now. Lauren 5 01 a. M. In new york. Her show of the new year. Im lauren simonetti. First of the for show of the year for fox business network. Thanks for joining us here. For those nervous fires out here, more of a chance from dying from a the thing in a plane crash. Cheryl i know, but just the fear and Everything Else that goes with flying. At about this report we will tell you about will make any passengers feel any better. First come the breaking news overnight. South and north korea and a day after kim jong un said he is willing to send a delegation to the Winter Olympics in south korea next month. South korea will focus on cooperation but also try to discuss rest
Vice president for programs here at the as spend institute and executive detector of the institute odd economic tubs program. The institutes promising policy strategies and ideas to help low and moderate income americans. We try to help people connect to Business Ownership, but we also spend pride thinking about how to reconnect people to work, how to connect people to good jobs, stimulate the creation of good jobs. Working in america series we think about what is going on in the changing nature of work in the United States, how should we understand that, how other shoo we think about it and what does hat mean for the vast majority of americans, people and families who support themselves on their earnings through their work. We are delighted to have the support of the ford foundation, the Walmart Foundation and the Prudential Foundation for our working in america series and were very greatful to them for their partnership and support as we bring this series to you. So, todays conversat
The hurricane struck at a bad time. Electric Power Authority their file for bankruptcy. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. I am Alisa Parenti and this is bloomberg. Emily i am emily chang and this is bloomberg technology. Up, s p 500 on a sixweek winning streak. Tech helping to ignite the boom. Is it sustainable . We will identify potential headwinds on the horizon. Tech ipos are back on the menu southeast asias most valuable startup leading the charge in new york. Earnings on cap with Major Players lining up reports for next week. We will preview the biggest companies. U. S. Stocks closed out fridays session at record highs, new record highs, the fourth straight positively for the nasdaq. What can slow down the gains . Michael regan and david joining us from new york. Michael, does the tech rally have room to run . I think if you look at the forecast growth rates for your main Tech Companies, they are so strong tha
What a deal would mean for the obama administration. It will get to the stories in a moment, but first, some of the other stories we are following. The u. K. Campaign for Prime Minister is formally underway. Parliament was dissolved and David Cameron says britains face britons face a stark choice. He says Labor Party Leader ed miliband is not fit to be Prime Minister. Cameron i know what this world needs, and frankie, i do not think ed miliband has it. Some people might say, do not make this personal. But when it comes to who is Prime Minister, the personal is national. Mark mr. Miliband told Bloomberg Television that businesses are concerned Prime Minister cameron will take the country out of the european union. He said the labour party is committed to staying in. The u. S. Economy may not be able to keep up the momentum after its best quarter since 2006. Consumer purchases rose less than projected in february. The increase was just 0. 1 . The weather may be responsible for some of th