threatens a french institution the baguette. we find out how many of the country s 35,000 bakeries will survive. good to have you with us. it s that time of year when the global elite gather in the swiss alpine ski resort of davos. the theme for the world economic forum is cooperation in a fragmented world, and top of the agenda will be the global economy which according to the world bank is perilously close to falling into recession . it expects the world economy to grow byjust 1.7% this year. what can the global leaders do who are gathered in davos? critics argue it s a talking shop that rarely leads to significant change in solving the worlds problems. brian coulton is chief economist at fitch ratings. brian, good morning to you. when we look at the official agenda for davos, the list is long. there is an awful lot to discuss, but when it comes to the state of the global economy, that will dominate, won t it? it economy, that will dominate, won t it? ~ , won t it? it
Start of new york tech week as titans gather in the big apple for panels, events, and more. Lets check in on the markets. There is a geopolitical element that plays in. The conflict in israelhamas might be contained. The moves being made across germany and the United States. We see a rally up almost one percentage point and a desire to get into equities across the benchmark. The 10 year yield dialed down. We are off almost 10 basis points. I am looking at your crude dialing down. New york crude dialing down. Gas really coming down from 40 moves weve seen in the previous week. Real volatility earlier today. At one point it was up more than 12 . We dial it back again. This is all around euphoria there could be an etf on blackrock being signed off in terms of bitcoin trading. We are currently up 3. 4 . What are you looking in the micro . Ed apple in the first instance is one of the big tech moving to the downside. We got data from Counterpoint Research showing in the first 17 days since r
For our audience worldwide, this is bloomberg surveillance. Alongside tom keene and Lisa Abramowicz, im jonathan ferro. The s p is positive by 0. 2 . It felt like we were on the brink of a full Ground Invasion all we can. Tom im using the Live Services of all the different news sites and it just migrates forward, waiting. Waiting for what . You could see the politicians. I think the most interesting, jacking near to keep their options open. Jonathan we intended to follow this war through the weekend. Rockets fired at tel aviv and some in israel as well. Back channel talks between the United States and iran. Lisa there is a feeling of a frantic diplomatic relation, the idea of iran, who does not have any formal relation with the u. S. Having back channel talks, also having back channel talks in some capacity with israel. Nobody wants this to percolate out of control. And yet the pressure keeps building and no one can come to any resolution at a time where there are hostages, strikes and
Earnings season kicks off this week. From new york, im alix steel with guy johnson in london. I do wonder what the catalyst will be this week to be honest. Guy i dont know what this week will be about. Is it going to be about the fed and yields . We have acres of fed speak. Is it about what happens in israel . We are all anticipating that we will see some sort of a Ground Invasion of gaza. Or will it be about earnings . So much going on this week, it is hard to pin down what the catalyst could be. Alix that is why i found the apple story so interesting overnight. We have not talked about china in a while. The china risk when it comes to certain sectors. Some that we know, some that we dont. How do you price that in . Guy you wonder if the earnings season means we will have to revisit this. We did this with the lvmh earningsn noticed a clear slow down. Why there is that slowdown remains an omen open question. You bring up apple which is fascinating. Reports that the latest iphone is not
Angen soaring and comments on its version of an obesity drug, and apple hires and focuses on that record buyback. Is the Company Using 110 billion to wallpaper over some weakness or were the results not as bad as feared . Steve covac covering apple for us from sfans. Hey, steve. So look. Last quarter revenue was down 4 , iphone sales down 10 , but no one really seems to care because apple gave its shareholders the biggest stock buyback in corporate history. Thats 110 billion, increased the dividend, 4 to 0. 25 and went towards modest growth which was expected as some have been trimming their estimates. China sales were down 12 , and in an interview yesterday, i was told iphone sales in Mainland China grew. Thats countering the narrative we have been hearing over the last few months. I also asked cook about his recent visit to china just a few weeks ago. He told me, quote, i feel great that in an extraordinary, competitive environment, that we grew iphone sales in Mainland China last qu