Seen since world war ii. Speaking in geneva, he said the country has been a place of savage over an absolute injustice savage harbor an absolute injustice. He also said piece is not negotiable in syria. Global news 24 hours a day powered by more than 2600 journalists and analysts in over 120 countries. I am mark crumpton. This is bloomberg. Scarlet live from bloomberg World Headquarters in new york, im scarlet fu. Joe im joe weisenthal. We are 30 minutes from the close of trading in the u. S. Scarlet stocks and oil sliding ahead of a looming rate increase. Joe the question is, what you miss . Scarlet done deal. The fed all but certain to raise rates by 25 basis points, what it is the pace of hikes the next three years that is up for grabs. The price of crude continues to slide after saudi arabia said it reversed some production cuts it had made. Is the opec deal on the verge of falling apart . European political drama. The netherlands votes tomorrow while the u. K. Is triggering depart
Topix slipping. A little bit of a weakness of feeding through. In terms of the dollar comest ready after a twoday decline. Taking a look at the 10 year treasury yields. Treasuries recovering a little after thursdays decline. Yieldrs yield 10 year down one basis point. Global stocks on course for their best week since january after the feds dovish hike and after the results of the dutch elections. Volatility coming down. Moststoxx 50 dropped the in yesterdays session. Nikkei volatility, dropping to the lowest since 2014. As investors turned their attention to the g20 summit, the bloomberg belly index steady today that heading to the biggest weekly loss since early february. The treasury yields bounced back from the initial slide. This spread between the 10 year treasury yields and the bloomberg dollar index at the widest in four months. Is that a sign that the dollars retreat may have gone too far. What else may have gone too far . Has oil followed to far after breaking below 50 for the
Ramping up the rhetoric once again. Turkeys president accuses the European Union of conducting a crusade against islam. Brent i am brent goff, it is good to have you with us. He has said this before. U. S. President donald trump says he will do whatever it takes to have his travel ban reinstated, but now it is a revised travel ban. Trump says this time he will fight all the way to the Supreme Court if he has to. The new order was due to go into effect at midnight but has been struck down by two separate judges. They say it is not substantially different from the old one, and they also say that the president s own words are evidence that the order discriminates against muslims. Reporter these are Turbulent Times for donald trump, and not just on air force one. The president reacted with anger to his latest setback, his second travel ban overturned by two federal judges, but he is not giving up. President trump this ruling makes us look weak, which by the way we no longer are, believe me
There was more reason to potentially raise rates a little bit more quickly. My own forecasts with four increases still has us at a 2 inflation rate and a full employment at the end of the year. Actually a little bit below. My forecast of the 4. 5 for on employment. Sep,is consistent with the below my estimate in the long run which is 4. 7 . Kathleen commercial real estate, is that one of the reasons you are pushing for the rate hike . Eric its one of the reasons i consider it. Kathleen is their support . Dots, and thene four with eric rosengren. You think there is a tilt . S a semester. Asymmetrical. Eric i can only speak for myself. My own view is that the economy is at the point where four can easily be justified. If it were to weaken, i would know what to do four. If the economy were to grow much more quickly and cause the Unemployment Rate to go down much more than on that im expecting, i want to do more than four. It is data dependent. If we had a Strong Enough economy, im not exp
There was more reason to potentially raise rates a little bit more quickly. My own forecasts with four increases still has us at a 2 inflation rate and a full employment at the end of the year. Actually a little bit below. My forecast of the 4. 5 for on employment. Sep,is consistent with the below my estimate in the long run which is 4. 7 . Kathleen commercial real estate, is that one of the reasons you are pushing for the rate hike . Eric its one of the reasons i consider it. Kathleen is their support . Dots, and thene four with eric rosengren. You think there is a tilt . S a semester. Asymmetrical. Eric i can only speak for myself. My own view is that the economy is at the point where four can easily be justified. If it were to weaken, i would know what to do four. If the economy were to grow much more quickly and cause the Unemployment Rate to go down much more than on that im expecting, i want to do more than four. It is data dependent. If we had a Strong Enough economy, im not exp