Thankorgie about you for joining us. Worryingld we start about the amount of debt we are generating and the impact it will have on the economy longerterm . First, thank you for having me. The worries about debt levels going up are not for now. For now, the biggest worry is we do not do enough to support the economy until we have a durable exit from the health crisis. With Interest Rates being record and government can borrow inject hopefully not only a recovery, but a more potent, higher productivity based growth so they can repay the debt they are acquiring now. Case for lowhe Income Countries already in distress. Importanty it is so we make sure they are provided with relief and they are supported with grants and concessional financing, a big theme for our annual meeting spirit for our annual meetings. Francine what is the biggest risk to your outlook . You say the recovery will be uneven, but you have increased your projection . Kristalina the situation today is less dire than it wa
Josh lipton joins us with a look at the incredible stock, the incredible year. Hey, josh. Reporter carl, thats right. As 2019 comes to a close, apple investors have plenty of reasons to celebrate that stock has enjoyed a remarkable run surging more than 80 this year. That means apple is on track now for its best year since 2009 another way, it added 530 billion in market cap this year. Thats the equivalent of two netflix, three teslas, with a few billion left over. The nasdaq is market cap weighted, given apples size, it helped to power the index to a record 9,000 level today, most Analysts Covering apple rate it a buy. Nearly 60 in part because they think tim cook with the current lineup of devices will be able to keep iphone revenue relatively flat the next few quarters, even as services and wearables continue to go strongly theyre betting that should be enough to drive Single Digits growth for the company what are the risks for investors to consider . I caught up with gene munster,
Hour plus wework woes the shareholder wants to shelf the ipo well have those details and discuss them later its the momentum crush. Investors are fleeing the stocks with the biggest gains and could be a warning sign for the Broader Market so Pay Attention power lunch starts right now welcome to power lunch. Stocks are under a bit of pressure take a look at the nasdaq. Thats getting hit the hardest as the momentum gains are selling off. On the flip side, we have small caps continuing their outperformance from yesterday. Up by 1 two headlines affecting your money. Stocks did jump higher on a glimmer of hope in trade talks but then they turned right back lower when President Trump said that he has fired the National Security adviser john bolton over policy differences. That news also sending oil sharply lower. We are live to wrap up what has been yet another very tumultuous day. Thats right. Another dramatic departure from the Trump Administration we got a little more context here we hear
Deal tesco hales a strong start to the year but uk sales slow in the latest quarter and a calmer day in hong kong after massive protests against the extradition bill turned violent forcing the closure of government offices while beijing looks to allay investor concerns about the unrest good morning its been a relatively strong start for the day across europe you can see the ftse is 0. 15 higher dax in germany trading 0. 40 higher in paris, the cac 40 is slightly above the flat line. In italy, the ftse mib trading about a quarter percent higher lets look at the sectors behind those numbers to see where the positive signs are coming from the healthcare sector up almost three quarters of a percent. Telecoms trading twothirds of a percent higher real estate a half percent up on the day. The bank stocks, you can see across europe, they are trading lower as are Household Goods and some of those media companies. A huge focus of the media space in europe over havent days. That will be somethin
Hot pursuit, we start with urgent news at night, our kamikaze drones attacked the infrastructure of ukrainian ports. On the danube, this was reported in the Operational Command south of the apu, the kiev regime admitted that at least part of the bp lad reached its goal, presumably hit objects in the city of rini after moscow left and the grain deal , and stood up to actively use the ports on the danube to unload foreign ships, but apparently this way from bypassing the naval blockade of kiev is being blocked and will soon be completely deprive ukraine of access to the black sea, zelenskys problem and at the front , sullivan, white house adviser to the National Security council, seemed to be reassuring the public on the asx forum there , saying that the results of the offensive will become noticeable when ukraine abandons it. All reserves, that is, they will become noticeable a little later, while sullivan admitted that the kiev regime is incurring colossal losses in the offensive conto