Continues to climb. Tom that is the backstory and we touch on that today. Lets get to our top friday headlines with vonnie quinn. ,onnie we start right there how events will affect u. S. Economic growth. The fed decided not to raise Interest Rates for the first time in nine years. Janet yellen says most policymakers still expect to raise rates this year, but first they need more convincing on the economy. The committee continues to anticipate that the first increase in the fed funds rate will be appropriate when it has seen some further improvement in the labor market and is reasonably confident that inflation will move back to its 2 objective over the mediumterm. Vonnie futures contract imply a 44 chance the fed will raise rates in december. A flood of refugees has led croatia to close almost all its borders to serbia. In about two days, 30,000 refugees have entered croatia from the serbian side. They turned to croatia after hungary used force to push them away. General motors has agr
Dudley this morning. Nike taking shareholder friendly steps, upping the dividend. That stock moving high. More on the inversion rules, actions laid out by the treasury department. Does not appear they will derail the pfizerallergan deal. And abercrombie, foot locker, ross stores beat. And a day after square and match go public, both stocks moving higher, but two delayed ipos pull because of Unfavorable Market conditions. First up, French Special forces went into mali in west africa just two years ago to try to clean things up after jihadists had taken control of the northern part of the country. Michelle carusocabrera is in paris this morning with the latest. Good morning. Reporter good morning. That is exactly why the hostage situation in mali is such huge news here in france, especially in the wake of what happened one week ago. So that situation is ongoing. We have gotten a statement from the hotel group, the brussels base company that operates the radisson blu saying there are 124
Reports that will be interesting. You see it everywhere. Like fedex. In the numbers from the world cup will be in there. I actually bought a french jersey at the nike store. I wore it for the games. Did you wear a jersey . My yankees jersey . No. Mr. Bidens meeting with the turkish president. Ukraines president poroshenko is speaking in about an hour. Jeter on the brain, lets do a data check. S p futures down fractionally. Eurodollar is a big story we will focus on in our 7 00 hour. 1. 26. Get a print of on to the next screen. Yen churning again. There is the euro. Gold, a big deal, beginning to really push against the 1200 level. Victor is helping out. June 2013. Back to heres that 1200 support that we are going to break through. Adam, this is a huge deal. s over, the chart looks the same. The difference is, rather than 1200, it was 19. The concern is gold follows silver. This goes to the imf meetings. What will they do about a markdown to global gdp . Were going to give you front pag
Reliable access to data. African leaders are puffer suing innovative pursuing innovative policies. We are investing or very heavily in modernizing and upgrading our security infrastructure. [speaking in native tongue] translator all investments in the country are guaranteed, including the transfer of dividends by a foreign partner. The result is reliable and sustainable growth, Building Confidence across the continent and abroad. The rule of law is the first safeguard, and the political will to protect business people. The risk factor is not something thats out of your control. These things are identifiable, and you can work around them, and you can invest in the resources to mitigate these risks. As african governments digitize, more data becomes available, insuring oversight. Kenyas gamechanging [inaudible] allows 19 Million People to text and move money safety and transparently. It not only increases the velocity of cash, that is the speed at which cash moves across the economy, but
What is called credit to buy equipment. The cheap energy that you have. It is very, very competitive, because component in manufacturing is not much, it is the energy. American equipment if that is not renewed i think that will be a bit of an issue. First of all, we are having a vigorous agreement, i find it amazing. Economics and if you are running a country, you have to create an opportunity for your businesses to be competitive. And thats all the exim bank does. And i have heard more ridiculous things said about the exim bank in the last six months than i heard in my lifetime. I need to do that in a way to encourage more Economic Diversification in africa. And i wish that not only our african panelists, but others here would give some thought to that. Right now, we want to get it extend it and how to craft the extension so we can support the Development Aspirations of the various african nations and what the people really need. Look, we are out of time. We havent talked nearly about