Manufacturers do not really expect sentiment to get any better. Look. They are gaining revenue. They beat expectations. Australia on holiday. Up 8 10 of 1 . Sentiment in japan largely held out over the last three months, even with the stronger yen. We have our north asia economy editor covering the story for us. What were the Key Takeaways here, henry . Henry hi, angie. The sentiment among large manufacturers did not get any worse. I guess that is the good news. The bad news is, it remains at the lowest level from abenomics more than three years ago. The yen has gained about 19 this year. You know, a weaker yen was supposed be one of the key drivers of abenomics, by helping these Companies Profits go up and feeding through two wages and consumption inflation. Obviously the gains have eaten into that and weaker Global Growth has also had an impact. Nonmanufacturing companies have also softened a bit. So, henry, what is next and abenomics then . Henry well, i think, going forward, the fo
It is not just oil but if you look at the correlation between the oil and the stock market they made the same bottom base in crude and stocks from the low we saw in february. Weve seen a nice reversal. In the middle of a range for oil where weve been trading a move up to 36 could get shorts scrambling. Weve seen a nice leg to the upside. Were now at the upper end of the range. Weve been trading between 1950 and 1810 in the s p. A break to the upside. You do the math, add 140 points on top, the target is 2100 on the s p if the breakout follows through. Melissa yeah. How do you see this translating to the other Refined Products right now . Well, crude oil obviously is benchmark, that is what people focus on. Were still in the winter season. Here in chicago well be, refiners will be shifting production and doing their maintenance. So in the near term, that could be supportive of prices. But, you know overall if you look at natural gas, if you look at gasoline they continue to drift lower
Luckiest crop in history. At least in terms of your weekend reading time it goes deep into politics. Surprising for me. Again, quoting him about the Current Business environment, whats unique in this cycle is the difficult relationship between business and government. The worst i have ever seen, end quote. Wow. He goes on to write Technology Productivity and globalization have been driving forces during my business career. In business if you dont lead these changes you get fired. In politics if you dont fight them you cant get elected. Immelt says most government policile is antigrowth, end quote. These perpetual roadblocks perpetuate a cycle of slow growth, poor job creation, populism, low productivity, poor policy and more slow growth, end quote. It hurt a lot of working people in this country. Im not going to quibble with the caustic nature of the political backdrop that makes doing business more difficult and makes us less willing to pay up for the stocks of any business, no matter
Warren buffett says it is obscuring the greatness. It is an Election Year and candidates cant stop speaking about the countrys problem which only they can solve. As a result of the negative drum beat Many Americans believe their children will not live as well as they do. Thats dead wrong. Those born today are the luckiest crop in history. At least in terms of your weekend reading time it goes deep into politics. Surprising for me. Again, quoting him about the Current Business environment, whats unique in this cycle is the difficult relationship between business and government. The worst i have ever seen, end quote. Wow. He goes on to write Technology Productivity and globalization have been driving forces during in business if you dont lead these changes you get fired. In politics if you dont fight them you cant get elected. Immelt says most government policile is antigrowth, end quote. These perpetual roadblocks perpetuate a cycle of slow growth, poor job creation, populism, low produ
Sure of the future. Dont take it from me on a day when the averages got hit. [ sell, sell, sell ] with the s p sinking 8. 1 . Tou down 123. You heard it from Warren Buffett and the ceo of general electric. Warren buffett says it is obscuring the greatness. It is an Election Year and candidates cant stop speaking about the countrys problem which only they can solve. As a result of the negative drum beat Many Americans believe their children will not live as well as they do. Thats dead wrong. Those born today are the luckiest crop in history. At least in terms of your weekend reading time it goes deep into politics. Again, quoting him about the Current Business environment, whats unique in this cycle is the difficult relationship between business and government. The worst i have ever seen, end quote. Wow. He goes on to write Technology Productivity and globalization have been driving forces during my business career. In business if you dont lead these changes you get fired. In politics i