Yellen the recovery from the Great Recession is advanced sufficiently far, and domestic spending appears sufficiently robust. For agument can be made rise in Interest Rates at this time. The outlook abroad appears to have become more uncertain as of late. And heightened concerns about growth in china and other emerging market economies have led to notable volatility in financial markets. In light of the heightened uncertainties abroad, and a sightly softer path for inflation, the committee judged inappropriate to wait for more evidence including some further improvement in the labor market to bolster its confidence that inflation will rise to 2 in a medium term. And emerging markets were a particular focus this month. Asianbring in our chief expert, where are we now . Given talking about the 5 trillion stock market rout in china, and we have an American Economy doing ok. But the fed and janet yellen tells us that it is code for what happened in china. Ie you think he is listening to th
You are welcome. This is the pulse. Where life from bloombergs European Headquarters. Wellp, what we have we have a feast. We hear from the former cochief executive of Deutsche Bank as he is interviewed by john micklethwait. In about a halfhour, i am going be speaking from the speaking to vittorio grilli. We have an actionpacked the pulse for you. Thatgross who predicted u. S. Equities have another 10 to fall. Another leg lower. Investors should sickout the current volatility. There is no doubt that there was full of tilting which indicates there is a move in markets. Investors should continue to have a risk off posture. What does that mean . That could mean larger amounts of cash. That could mean Higher Quality investments. In terms of bond market, more treasuries and more duration than you normally would. Manus that comes as Goldman Sachs warns there is a chance that Federal Reserve will delay well into 2016 or later. Factoryoured german data printing this morning. Markets digesting
They include the audi and porsche. Welcome to countdown. It is a busy morning. Let me walk you through where we stand right now. The Banking Sector is front and center. The the news from Standard Chartered rocking the banking world this morning. Bill winters is cracking on with changing this institution. Let me show you the share price reaction. Standard chartered, from top to bottom, 8 drop in hong kong. We will see how we trade through here in europe. Ubs has just been breaking as well. In terms of the headline numbers, we had a net income 07 billion swiss franc. Looking through the numbers, i would say that the Asset Management division has slightly underperformed. Few misses,is a a few gains. Manus cranny is going to be talking to the ceo later on. Really looking forward to hearing what he has to say about his bank and where it goes from here. 6 45interview coming up at london time the a big focus on the banks in london and in europe and in hong kong. Lets get the details on how as
Let us talk about some of the threads that draw some of the main stories together. Crude certainly one of them, and brought together iran. What happens when the iranians come back to the market . We see that concluding friday. We have the inflation story out of the euro, trying to figure out what the fed will do. We have been hearing from mr. Evans in chicago, his views about a rate cut. All of those coming about in a few days, a really climactic end to the way. Then the get to the payroll, the fed decision, an awful lot still to deal with. Eurozone inflation is still a big part, we will talk about that a lot over the next couple of hours. Lets get you up this be. Here is bloomberg first word. Nejra Facebook Ceo Mark Zuckerberg and his wife announced plans to donate nearly in of their 46 billion stocks to charity. They have become parents, announcing the donation of their first child. He plans to give away no more than 1 billion a year for the next three years, holding on to majority V
Here we are at the 1 00 hour. Boy, those key commuting hours, thats when we see the heaviest rain pushing through, and in poor drainage areas, there could be some flooding. Plus youve got to realize there is a lot of soggy real estate out there. This line holds together pushing through slowly through the evening hours into 8 00 and even as late as tomorrow morning. Were dealing with leftover showers and fog. Coming up, a look at potential totals and the rest of your forecast. Right now, though, back to mary. New york citys mayor and Police Commissioner is getting ready to announce the safest diane . Reporter mary, good morning say. In about an hour, we expect to hear from the mayor and mees commissioner over how much safer the city overall has gotten. If you look at the transit system, you get a much different picture. Its not safe for our kids or children to be around. Reporter do you worry at of course, i do. Reporter the latest statistics show melina has good reason to worry. Despit