Standard and there was nothing hooking our Financial System or our economies to anything real so fantasy could erupt we could have a fantasy economy around the world and then it started to really hit the peak we went so deep through the Looking Glass that we had that fracking with the red queen centrum right 1st of all they were never making any money but they had to keep on drilling faster and faster and more and more just to stay in the same place now were through the Looking Glass in the totally at the end of it in the past 2 years and all that is beyond that is a black hole and spaghettification because right now you know when we got to negative Interest Rates when time had no value that was one thing and we told you we were shocked we were like alarmed by this then now we have the negative in the negative cost of of energy so like does equal mc squared any longer. Yeah i see where youre going with that and you know looking back at the history of the can omics i guess you could say
What it will take for the stocks to shift gears. And a problem with oil. Extending oil cuts through the end of the year. From new york, im alix steel with guy johnson. Welcome to Bloomberg Markets. It has been a pleasure. You look great. It is nice to see you back. We missed you. Guy i am back from greece where it is raining and very hot now in london. I feel like i am doing something right. Alix you made it through the strikes. Guy i made it. I think the story with strikes around the auto sector and with the airline sector, i think they are synonymous. These are industries that have pushed back really hard on their staff over a number of years and they are now paying the price. We have data coming in. We have got the ecb coming up next week. 2. 1 out of the states. Durable goods 5. 2 . That is right in line with expectations. Extransport coming up at 0. 4 . The durable goods numbers are in line. The factory numbers look good as well. I do not think the market will react much. The oil
To thrive here. A browser. So is one of russias most famous sparkling wine. If creation dates back to the 19th century, the george, this is absolutely beautiful. Thanks for bringing us out here. There many places in the world that have hills and never close to the sea. What makes this place . Eyebrows, the so stand out as like the place when i see these plays a 1st time i understood that there was Something Special from abroad. So the actually, now that, you know, its, our place is from, from russia. Here we have a combination of a so as you said landscapes, the proximity of what through legal black, see the customer, our region is region which can be very cold in winter and very dry and hot. In summer. We have the influence of the sea, which here brings us my winter and uh, i would say as well after, during the ripening time, some fresh or a temperature of the night, then we can have in some other places. So each it brings to some micro condition micro climate condition. Very special.
Economy desk as you saw in the news, today we want to talk at the economy desk about one of the Largest Energy contracts in the country, which was signed between the Renewable Energy organization and the National Development fund , the memorandum that was signed yesterday, and see what exactly happened. It is supposed to be in the field of Renewable Energies of the country and how much will be added to the electric capacity of the country. With this introduction, i invite you to follow this discussion if you are interested. Watch us on the news network. Thank you. Well, you are watching the economic desk. I was telling you that one of the largest contracts and memorandums of understanding that has been concluded in the National Development fund for an energy project, which happened yesterday, is about 5 billion dollars. Funding should be provided so that our Renewable Power plant capacity, the capacity of our use of Renewable Energy, from a thousand megawatts, which is almost now, to 1
Thank you very much, ivanka. She worked hard. Shes a hard worker. All of our kids work hard. We love to see it. Theyre doing a terrific job for our country. Ive come to the great city of pittsburgh to stand with people, and those people are incredible workers. And to show the world that america is back and that we are coming back bigger and better and stronger than ever before. And were making our own product again. And t and were opening up our factories again. I mean, you take a look at whats going on where toyotas coming in and the other day you just saw chrysler announce theyre moving from mexico back to michigan. You dont hear that too often. With a monster factory theyre going to spend a lot of money. At the center of americas resurgence are the massive tax cuts that i just signed into law. And its also reform i usually just say tax cuts. They dont want to hear about the reform believe me, the reform is very important. We dont have to get into it but the tax cuts are the most sig