More evidence the fed will continue its decision on Interest Rates. Sally Fisher Stanley fischer stuck with tom keene on bloomberg surveillance. Hey talked about potential changes and whether there is policy unity within the fed. We are growing at around 2 and the problem we face is that of productivity. I do not think the dollar is fundamentally the most important factor affecting the rate of growth in productivity. Obviously, a stronger dollar has an impact on the profitability of American Companies and on how much we want to import. But the bottom line on this is we have seen an appreciation of the dollar and the American Economy continues at full employment. Or moveowards towards full employment. In a fundamental sense, we have withstood much of the challenge. It has an impact on inflation, reducing inflation, but we have to deal with the world as it is. Tom cole in a final thought. Final thought. Professor at princeton was quite adamant about a greater fiscal thrust. We are exhaus
Underwhelming today as Jack Dorseys Square and the parent of tinder price at the lower end of the expected range. Shares in Green Mountain get a kick after 4th quarter profit beats the street and the coffee maker hikes its dividend 13 . Well, Brussels Police now confirmed to cnbc that theyre undertaking fresh raids related to paris in brussels. Now media reports that seven separate operations are on going. Now lets head back out live to hadley in paris. Good morning, so what we know so far is that according to belgian media reports citing belgian authorities theres seven raids going on in belgium right now. Theyre going after people they think were related to the attacks in paris last friday. Youre talking about a country that has seen at least 350 plus of its citizens traveling to syria over the last couple of years with the Islamic State. When youre talking about belgium this say country as well thats seen a great deal of activity on the black market when it comes to movement of weap
Also on power lunch why your doctor is so angry and confused these days. First, though, to sarah eisen in for manned where i. Shes at the nyse. Hi sarah. Hi. Good afternoon, tyler. Were going to begin with a big deal in the transportation sector. Fedex making a major move into europe buying european rival t t. What is it this mean . Investors seem to like it. Morgan brennan outside Fedex Distribution Center in manhattan for us. Morgan. Well, thats exactly what it means. Fedex is expanding into a Market Europe that until now its had little share of. Fedex has largely focused in az wra. Instead the two dominant players in europe have been ups and dhl. By acquiring tnt express, fedex dramatically expands its presence in europe, and it does so primarily through ground operations. The chairman says there is a number of reason to do this now. The Dollar Exchange ratio was very favorable. The quantity the quantitative easing means the economy has a better outlook now than for some period of t
All the details from our hong kong newsroom. Manus and a chairman resigns, ending a 20year career. We are live in berlin, for the latest. Hello. Welcome to countdown. I am mark barton. Caroline and i am Caroline Hyde. Manus and i am manus cranny. Mark pensioners and Civil Servants. Manus and it equity target of 10 . Of course, it abandoned its original target of a return on equity a number of years ago, so return on equity their of 12 . That was with the Corporate Bank side of the business. This is the strategy for Deutsche Bank. Focusing on investment. This after they delivered their firstquarter numbers, the secondbest revenue on record driven by the Investment Bank it should be said. A posttax return of 10 , with planned growth leverage reductions, so this is reducing the amount of weighted assets on its Balance Sheet, which carry big capital requirements. The target there, 200 billion euros worth. Everyone is in the same game here. Barclays, ubs, credit suisse. All of the major ban
Bring in joe biden, the Vice President called in to help with the negotiations. Maybe we see some movement in the coming hour. A surprise in your check at the end of the week. The mess in washington leaves employers wondering how much they should with hold from your paycheck. The world, stuart was just showing you pictures of shanghai, the world already starting the celebration. The dawn of 2013. Happy new year, everybody. There is a live look at shanghai, china. Top of the hour. Time now for stocks. Good morning. Searching for direction. Not a big surprise for new years eve. We have seen the dow down slightly. The nasdaq is up about 15. We are watching pfizer and Bristolmyers Squibb they just approved a stroke preventing tail. The market for this drug could be huge. 8 Million Worldwide have this disorder. A huge market here for the drug. It is facing some stiff competition. We are taking a look at the markets right now. Bristolmyers is up slightly at the moment. Dagen thank you, diane