In the hot seat as the firm faces claims of Racial Discrimination well bring you up to speed on the latest lawsuits plus as the world handles dueling crises of the coronavirus and Global Economic slowdown greece and turkey have opened a new front for concern as tensions are high in the mediterranean with a packed show today so lets dive right in. And we lead the program with positive data out of europes largest economy in the German Government said tuesday their coverage is going better than expected issuing an upward revision of its Economic Forecast for 2020 german economic minister peter all meyer said tuesday the country is dealing with a v. Shaped of development. The recession in the 1st half of the year was less severe than we had and the upturn after the low and the peak of the restrictions has been faster and more dynamic than we had. However it is true that we are over the worst since may we have a significant recovery in the economy and in services in trade and industry we ex
Recession in the 1st half of the year was less severe than we can see here and the upturn after the low and the peak of the restrictions has been faster and more dynamic than we had. However it is true that we are over the worst since may we have a significant recovery in the economy and in services in trade and industry we expect the recovery effort he continues for the rest of the year. Germany is now predicting a contraction in Gross Domestic Product of 5. 8 percent rather than the forecast of 6. 3 percent anticipated in late april the government also expects growth of 4. 4 percent in 2021 meanwhile inflation in the euro zone turned negative in august for the 1st time since 2016 annual inflation for euro zone countries fell to minus point 2 percent in august from point 4 percent in july reported number is far less than the European Central banks target of just under 2 percent so with all this in mind lets go ahead and take a look at the state of the Global Economy and whats moving m
Complacent well debate that and your next money moves. Liz young is with us, and a tipper mcgee, Institutional Investment services group, and she is a new cnbc contributor. We will have the hazing ceremony, tiffany, in just a bit. Meanwhile, a check on the marks. Nasdaq against hitting new intraday highs, but the nasdaq doing a bit of a uturn, now down 28 points or about 0. 25 of this hour as some growth names like tesla and apple drop. Well talk about them in a little more detail steve weiss, id like to begin with you i read a very persuasive note that talked about reasons to stay invested. If you bet against this market, you are bankly shorting two things you are shorting the fed and you are shorting science, i. E. The hope that a vaccine will come along. You want to short those two . I dont think so steve . So, my observation that i sent to you this morning were that the markets momentum market, and if you disregard fundamentals, which the market is doing in large part, or at least
A new Prime Minister. Promising aid but also threatening sanctions if reforms feel to materialize. Around the clock across the world this is r. T. International from the team and myself you know neal hello and welcome to the program. Schools have reopened after the break through most of the world but classrooms are taking on a very different look with covert 19 measures in place lets see what some countries are doing in germany the rules vary from state to state but include the use of mosques regular disinfection of premises on smaller class sizes spain is rolling our temperature checks schools face being quarantined if there is an outbreak in front schools are focusing on ensuring pupils wash their hands on mosques are mandatory both for students on for teachers heres what people in paris think about the new reality. The only good is a fault were happy that the children are going back to school its important for them to go back people are nervous but thats life will find solutions lea
Field material. From moscow to the world this is our Team International and welcome wherever youre joining us from today my names you know middle. Schools reopened after the break for most of the world but classrooms are taking on a very different look with covert 19 measures in place lets take a look at what some countries are doing in germany the rules vary from state to state but include the use of mosques regular disinfection of premises on smaller class sizes spain is ruling our temperature checks schools face being quarantined if there is an outbreak in france schools are focusing on ensuring pupils wash their hands mosques are mandatory both for students and for teachers heres what people in part us think about the new reality. About the only good is a fault were happy that the children are going back to school its important for them to go back and people are nervous but thats life well find solutions we have as a monopoly of this so my child is deaf so where in the compulsory m