Sharply lower than what had been expected in april. Also lowering its growth forecast for 2015. The main reason, according to the International Monetary fund, geopolitical risks. They cite risks coming out of the middle east and coming out of the tensions between russia and ukraine. On the up side, the imf revised the u. S. Outlook higher. Growth for the United States set to be 3. 5 for the second half of 2014. 3. 8 in 2015, but the u. S. Is certainly a bright spot in what is otherwise a down beat picture. Europe, japan and the emerging markets all taken lower. Of the emerging markets, i thought it was interesting that brazil was actually cut in terms of the growth forecast the most. Some quotes to highlight from the International Monetary report, mediocre is the word. We heard this from lagarde last week. It sets the tone between finance ministers. Theyll be gathering in washington. Theyll be there to discuss the new mediocre which is what the imf is calling it. Flag warnings about th
About a lot of different things. Well bring you thoughts on the economy in a few minutes. Also well sit down with the berkshire managers and talk about their business now. We have the leaders of net jets our yennal tradingoriental trading and others. Its a busy morning but i know you have this mornings top headline. The top headline is your lighting. You look spectacular. Perfect. Can you get some tips from those guys there. Theyre just probably Walking Around setting up did you ask them how they do it. They spent all night setting up these beautiful lights. These are our guys and theyre going to come back with us. Shes glowing. Those are our guys. I think absence makes the heart grow founder and you guys miss me. Youre so nice and political. Your skin is radiating. Politically correct. Im not look. Thank you but look around. This is a big empty lots of people are going to be here and maybe it helps to be the only person on stage. Were jealous of your lighting. Back to this. You been d
If i can add one more thing, remember the beginning of the United States of america. Economy of the this Southern States in the northern states is very different. They were very different from each other. Even today, the economy is very different. We found a way to deal with that and the regulators are the same is true in europe and china and india. Same is the same is true and brazil. This country deals with gaps between the rich and poor, agriculture, and earthen industrialize an evolving in much the same way that were going to have to on the global stage for a the problem has been solved and can be solved. Host good afternoon, we have a caller from new york city. Caller hello, im so happy youre taking my call. My question is this fiscal cliff that we are approaching. If president obama allows it to happen, what kind of catastrophe are you talking about . Im kind of concerned . So negatively will this affect the industry . How bad will it really be out there on wall street and main s
A special willingness to Work Together. For our first 45 minutes we want to see about your ability and confidence and congressional leaders. Here is how you can call in this morning twoway end. Two ways. You can tweet us or send an email. We invite you to check out our facebook page. The headlines for this meeting yesterday reflect the same type of town seen in the Washington Post this morning. A picture of president obama and john boehner. The upbeat tone was a dramatic shift from recent years when the president and a gop fortified by antigovernment activists clashed repeatedly over spending and taxes. If he were to go to yesterdays New York Times, they have a listening are at least pictures of the key leaders that will be involved in this process. To show you where they stand specifically on some issues, here is the president saying he will reject any bill that extends tax cuts for the wealthy. Here is john boehner who has said raising tax rates is unacceptable and a new revenue shou
laughter which is why i was just i was so upset to see on this holiest of days a news story about people protesting in front of their local walmart. Thousands of walmart employees are staging walkouts and protests over this holiday weekend. The workers are upset about having to work on thanksgiving day and theyre also speaking out for better pay and benefits. Jon what . laughter you get to work at walmart on thanksgiving day laughter a ring side seat to the greatest show on earth. I its a black friday tradition. bleep . Ill stab one of you mother bleep audience reacts . Jon do you know how much people pay to go to fights like that . laughter you get paid some to see it. laughter isnt that benefit enough . Truly your vest runeth over. laughter but thats not enough for you, greedy hourly slightly over the federal poverty line employees. laughter now you want to unionize besides, everyone knows comparatively speaking in the walmart world youve got it pretty good. Violent protests in bangl