I dont think the feds job is to make sure there is never a recession. Viviana speaking of Central Banks, their independence often perplexes political leaders. Not just the white house. I would like the central bank not only to work on controlling inflation, but thinking about growth as well. Viviana the outgoing and incoming heads of the imf had plenty to say to bloomberg about global trade. We need to have fair trade. We need to have reciprocated benefits in trade. We are talking about trade, peace, not trade war. Viviana a u. S. Election looming in 2020. Key figures in the political conversation buckle up for a wild ride. The economy is outperforming expectations. Economic policies from the president are working. I think our capitalism has to be more inclusive. We believe in Free Expression and we believe in political speech. Viviana it is all straight ahead on this special edition of bloomberg best. Hello and welcome. I am viviana hurtado. On this special edition of bloomberg best,
Time to pause before any more likely action. Allthere are big names topping earnings estimates. Shery will have an exclusive interview with facebook coo Sheryl Sandberg in about 20 minutes. Lets get you started with a quick check of the markets. U. S. Futures unchanged at the moment, slightly higher after finishing the regular session. Following a 1. 2 session low center chile announced they would be canceling the apec summit for the u. S. And china intending to sign that partial trade deal. During the presser Jerome Powell said the fed was nowhere near contemplating rate hikes again in the near future, so we had the nasdaq gaining. 3 in the dow also outperforming. Her positive news coming from johnson johnson, and that boosting the dow. It was critical come that interpretation of jay powell saying there would not be fed rate hikes in the future as long as inflation remains sufficiently low. Were set for moderate gains after the u. S. Hit fresh record highs following on the back of fed
We are going to start with the u. S. Reducing Interest Rates by a quarter of a percent. However, jay powell signaled a economiccuts and the outlook materially changes. Treasuries weakened on the announcement while stocks and gains showed gains. [indiscernible] a strong labor market. The latest on brexit, four shots and squared off with Jeremy Corbyn in their first parliamentary clash of the election campaign. Johnson said corbyn would deliver an economic catastrophe for britain and that the second aexit referendum should be glorious year in 2020. , the time for protest is over mr. Speaker, it is time for leadership and that is what the government provides. Hope for a u. S. China trade doubtse in downs and in doubt. The white house says it will continue to finalize the phase one deal in the coming weeks. Apex organizers say they have no claim to withhold it elsewhere at this point and chili also canceled the yuan Climate Conference scheduled for december. Global news 24 hours a day, pow
Nothing will change tomorrow. There will be more political fighting about Net Neutrality to come. But it opens the door to some pretty fundamental changes and possibly the way we post our Internet Access or the kinds of stuff we can buy or kinds of sites we can access. The biggest providers, like comcast and at t and verizon, have said, wait a minute, we do not intend to change anything. But the law has changed grade they are now able to start charging different amounts of money for different websites to reach us. Let us say google pays more, they can show up faster. At the same time, they can also now saved as as consumers, if you want to be able to access social video sites or streaming movie sites, we can charge you more. Kind of like how we pay for packages. And they also have the right if they want to to block certain sites from showing up at all. There is a startup that they really do not like that is competing with them, they can say we will not allow that to show up. President
Internet access or the kinds of stuff we can buy or kinds of sites we can access. The biggest providers, like comcast and at t and verizon, have said, wait a minute, we do not intend to change anything. But the law has changed grade they are now able to start charging different amounts of money for different websites to reach us. Let us say google pays more, they can show up faster. At the same time, they can also now saved as as consumers, if you want to be able to access social video sites or streaming movie sites, we can charge you more. Kind of like how we pay for cable tv and packages. They also have the right if they want to to block certain sites from showing up at all. Let us say there is a startup that they really do not like that is competing with them, they can say we will not allow that to show up. President obama used Net Neutrality as one of his achievements back in 2015. What has been the democratic argument to keep this in place . Geoffrey they say it is about a fundame