Global growth softening, and specifically having caution because of trade concerns. We will talk with the ceo of dow in this halfhour, Jim Fitterling. Alix also looking at other names like 3m, surprisingly reaffirmed its growth organic sales. , sor names coming in weaker when you have Companies Like 3m , that is positive. Boeing is extending cuts, help withthem to their pricing power. Terrible news for airliners, and then all of a sudden better. David exactly. In the meantime, we have an announcement out of the turkish central bank. Mr. Erdogan has his way. They are going to cut the one 19. 75 , downe to from 24 . The turkish lira is coming down on the news, a little under 0. 5 now. Alix that is a 425 basis point cut. The market was expecting 250. This is definitely more aggressive on that side. David the got the message. Alix we are just about an hour away from Mario Draghis press conference. Eurodollar goes nowhere. Crude up by 1 . Basically, wait for the next hour. [laughter] david
Down. We can take that step of beginning to reduce policy rates. Teleperformance has a revenue miss and is cautious about the outlook. The ceo says he is not worried about customers turning to a. I. We perceive a. I. As enhancing our human employees job, but not to replace them. H hugo boss with the delay in sales targets, but the ceo is still confident on the outlook. If Consumer Sentiment is here and there a bit tough, we actually are on course and we are well on track to reach our 5 billion might be delayed. We will reach it for you are. Fresh off the super tuesday win, President Biden gears up for the last state of the Union Address before the november election. It was a slightly downbeat start for european trading today. Down. 10 . You see the uptick this year. That uptick since the middle of the year seems to be causing a bull run taking a breather. There are a host of things happening and one will turn to the boards. If we just run through quickly some of the issues in the headl
Iran nuclear deal. President obama held a press conference to answer questions about the idea and rejected to idea it leaves tehran on the brink of the bomb and argued the other opportunity is war. He addressed israels concerns after Benjamin Netanyahu called it a mistake. Here are a couple minutes of the remarks israel has legitimate concerns about its security relative to iran. You have a large country with a significant military concerns are missiles pointed toward tel aviv. So i think they are very good reasons why israelis are nervous about irans position in the world generally. I said this to the Prime Minister and directly to the israeli people. I also said they are compounded if iran gets a Nuclear Weapon. For the objections or for the Republican Leadership that is already spoken none of them have presented to me or the American People a better alternative. I am hearing talk of this is a historically bad deal and threaten israeli and the world and threaten the united states. I
Continued the calls for the destruction of israel. These are the people we just allowed, are all lowg in the process to more weapons and to become nuclear weaponscapable. Just last week iran called, as it has for decades for the destruction of israel. And the death to america. In fact, as irans Supreme Leader stood by calling for the need to fight the u. S. , even if there is an agreement. I dont know that weve ever entered into an agreement with another country before that while we enter into the agreement they say and by the way, no matter whether there is agreement or not we want to continue to see the u. S. As an enemy that we need to fight. This deal undermines the security of our friends and allies it legitimatizes irans unapologetic sponsorship of terrorism throughout the middle east. Interesting what could be included, by the way mr. President , what couldnt be included. Iran has repeatedly refused to abide by International Agreements that require inspection of Nuclear Faciliti
Rate by one quarter of percen percentage point. Our decision reflects the progress the economy has made and is kpekexpected to make of maximum employment and price stability objectives thats signed to us booy law. We released today of principles and plans and Additional Information on the process that well follow in normalizing the size of our Balance Sheet once we determine it is appropriate to do so. I will have more to say of our Interest Rate decision and our Balance Sheet policy. First, i will review recent economic developments and the outlook. Following a slow down in the first quarter, Economic Growth appears to free bounded and of a moderate growth so far this year. Household spending which is particularly soft earlier this year has been supported by the solid fundamentals including con going improvement in the job market and relatively high levels of Consumer Sentiment and wealth. Business investments which was weak from much of last year has continued to expand and exports s