Bloombergs European Headquarters in london. Im going to take you to italy now. 0. 1 talian economy growing in the Fourth Quarter versus an estimated 0. 3 . That is a mess as im sure you can work out for yourself. Negative news in the first 60 minutes of the session. Lets bring up the equity market board for you. Equities across europe rallying. Commerzbank, one to watch on the dax. Session highs of over 10 . The stoxx 600 by 1. 73 . The ftse up by 86 points. Lets get to the other asset classes. Dollaryen, 112. 57. Biggest weekly gain since 1998. Your pronova, 1. 12 76 eurodollar, 1. 1276. Brent crude at 31 a barrel. Lets cross over to Caroline Hyde. Caroline jonathan, thank you. Federal reserve chairman janet yellen says the central bank is not to blame for the tunnel that has engulfed Financial Markets this year and is unlikely to roll back its Interest Rate increase. Yellen argued that the first rate rise in nine years had been widely anticipated. Germanys economy sustained its momen
Implosion in data in the last 20 minutes. As we open surveillance, what we see is, look at the yields come in. Francine look at the yields, we are in a riskoff mood. Great speech by the anglo gold ceo. Ths saying there is no good out there. Ing tom i would go to the bloomberg terminal and look it up but i have to pay my bill. Francine lets get to the bloomberg news. Heres a funny heres vonnie. The yuan has condemned north koreas launch of a longrange rocket. The Security Council has pledged new sanctions. Taiwan, two survivors from the killer earthquake were pulled out of a toppled highrise building. More than 100 people are still believed to be trapped. Saturdays quake killed at least 37 people. German chancellor Angela Merkel is feeling the heat as she travels to turkey. Merkel plans to urge the turkish government to do more to halt the flow of refugees bound for europe. Theres pressure in germany for merkel to follow other eu countries and turn refugees away. New hampshire votes tom
Theres a whole bunch of issues where people on one side the institutional is to go with the smaller zero affect. I think had a we will see with dine aprilic scoreynamic scoring is somewhat similar. I thought dons initial answer to the question was very good and very comprehensive. I agree with it but i think at the end of your first comment not the one you just made you gave a pretty compelling reason why we shouldnt accept models that close the fiscal model because they de facto assume legislation. Legislation that either that either raises, cuts transfers raises taxes. Im saying when youre in that situation where you have to close the fiscal model in order to get it to converge you have to make sujsassumptions about how debt doesnt explode to gdp. But does that apply in the ten year window . If you make that assumption does it apply in the ten year window. It can. It can apply in the ten year window but because the Decision Makers in the model have perfect foresight they can observe
Political balance, i dont see is fundamentally changed. I mean i think back to tarp. That was my next question. And some internal conversations about a, how much money do we need . B, how much money do you think we can get away asking for . You know, 500 billion. Well, maybe maybe not. But if youre asking for 500, you mine as well ask for 700, just dont ask for 1 trillion. The people who thought that tarp was terrible policy or were shocked wiby the price tag, i think would have been efvery shocked at 500 billion as they were with the bill that actually went up. Well, i think that im not sure that you would really get the help that you would need. I am a huge advocate if you know my work, im a huge advocate of temporary fiscal intervention in a spirit of the times that we faced in the heart of the great depression. I think the global results of austerity which is contraction of that is exhibit a what good fiscal policy looks like and what bad fiscal policy look like including implicati
Blakes father telling cnn he believes the Police Officer who shot his son should be charged. Also tonight here in washington, d. C. , theres shock in congress as the director of National Intelligence says hes cutting off briefings on Election Security issues. Only wring updates goingforward. Saying just this month that china, russia and iran are looking to interfere in the u. S. Election. Only 66 days away. The cases of coronavirus nearing 6 million in this country. 1,000 yesterday alone. The reported death toll so far this saturday already well over 250. Lets begin with the breaking news this hour. President interrupt will go to kenosha, wisconsin this week, site of the Police Shooting of jacob blake. Jeremy diamond and sara sidner join us with more. Tell our viewers about what you learned about the president s decision to go ahead in a sensitive time and visit keno a kenosha. The president just spent the day touring hurricane damage in louisiana and texas. 9 press secretary confirmed