Not spooked by anything happening at Federal Reserve and dow, nasdaq and s p at records at the moment after the Federal Reserve held rates stead i did for fifth meeting in the row and fed chair Jerome Powell answering questions for reporters. Lets go back there live. Early parts of the Pandemic Recovery have mostly been resolved. Youre seeing high job growth, youre seeing big increases in supply. Youre seeing strong wage growth but wage growth is gradually moderating down to more sustainable levels in many, many respects and the things are returning more to their state in 2019, which we can think of normal for this purpose. Thats job openings and quits and surveys of workers and businesses are interesting on this and how tight is the how easy to find a job and how easy it is to find a worker. Those have both those surveys have both come down. The labor market is in good shape. You know, you do see things like the low hiring rate. And people made the argument that if layoffs were to inc
Apple. Lets check in on the markets and tech is the laggard of choice. The nasdaq 100, down 1 10 of 1 and we know stocks sometimes struggled in the face of raising bond yields. A look at the 10year yield pushing to 2007 highest so we are anticipating strong data we have seen out of the u. S. The macro picture looks better and that means ultimately, what that means for the federal reserve. We are looking at crine shares. China itself trying to stimulate it economy and the u. S. Are trying to impede its technological knowhow. Lets look at the individual areas of risk assets we like to focus on. With bitcoin, we have had a wild ride. His larry fink is larry fink on the side of bitcoin . Certainly. It looks like he moved to a place of solace and an area to be seen as safety and that is what seems to be talked about with the head of backlog head of blackrock. Ed there is a lot in the new cycle that is pushing individual stocks. Lucid ev maker saw it production drop 30 and casting doubt abou
Global economy and what about the threat of cyber security. The morning, everybody. You are watching Market Makers. Do we need to tell you where we are . We are at the World Economic forum in davos switzerland. We have to talk for a moment about the ecb. Mario draghi is going big all in. The ecb president announced a 2. 3 trillion asset purchase plan, better known as qe. Bigger than expected. Investors have responded by selling off the euro. Hans nichols was at the News Conference in frankfurt, germany. You have to explain this to us. This is a massive number. We were saying what about 500 million billion . Im having a like the movie with dr. Evil. And austin powers. Here is what we know. Here is what mario draghi just said in frankfurt. Remarkable in so many levels. 60 billion euros a month through december of 2016. They get you up to 1. 1 trillion euros for all asset back securities. And crucially, it includes it sovereign debt. Here are the limits. 25 of each issue no more than 33 o