The Economic Situation in russia is now stable and balanced; the stages of economic recovery have been completed; the country has withstood western sanctions ; Vladimir Putin said this today via video conference. He held a meeting on the formation of the federal budget. The president noted that russias gdp has reached the level before the sanctions in 2021. And now it is important to create conditions for further stable and longterm development. In addition, Vladimir Putin called on the government to make a timely decision to strengthen the ruble. So, the restoration of the russian economy. We have withstood absolutely unprecedented external pressure, the sanctions onslaught of some ruling elites in the socalled western bloc, some ruling elites in certain countries, which we call unfriendly, russias gdp has reached the level of 2021. Now it is important to create conditions for further stable and longterm development in this regard of the new federal budget. It must be objectively calc
and tyson fury will take on dillian whyte later in what s expected to be one of the biggest all british heavyweight fights in boxing history. now on bbc news. talking business. hello, everyone, and welcome to talking business weekly, with me, aaron heslehurst. let s talk about what is on the show. it is the great business retreat, more than 750 companies exit russia in response to putin s war in ukraine. but many still remain. will those making the stand really make a difference or is it more symbolic? i am going to find outjust how important these foreign brands are to the russians and their economy. i will be discussing all of that with these two experts, one who has been naming and shaming corporate in action, and one who has been helping companies make these big decisions. also on the show, mounting calls for a full embargo on russian energy. the boss of ukraine s biggest oil and gas company tells me why current sanctions don t go far enough. where ever you are joining
10year at 2. 44. Our roadmap begins with Unemployment Holding steady at the 17year low. Futures point to new records of the open apples chip response confirming its products are vulnerable to that security flaw and the Corporate Tax response, bonuses on the way at jetblue and billion plus q4 earnings hit over at Morgan Stanley december nonfarm payroll growth missed forecast, we still saw 2. 1 million jobs added in 17. Average hourly opens up 2. 5 from a year ago labor force, unchanged, a lot of discussion of the amazon effect, whats happening to retail. I think so, i was disappointed obviously you want more jobs and more people to be hired to get a little increase in wage. But this is whats happening i spoke to Planet Fitness yesterday, Interesting Company i i. Theres a lot more people who work at the sears and kmart than there are Planet Fitness and thats the old and new economy canting amazon and sears being wrecked by ham zon. In retail, warehousing up 30k, couriers, up 19k. Isnt it
Haystack the dow tumbled another 1,033 points no, no, no. S p sank 3. 75 . Nasdaq nosediving 3. 9 . In all honesty, what does it take should we look the answer is no no at least for the moment. There are far too few winners and the circumstances behind their moves are so hard to predict its simply not worth the hunt, not right now. You have to be content with buying the stocks of the companies you like that have hit attractive levels even if you end up having to buy more lower later betting one day the madness ends with wildness its often a better idea and this is what my advice is to sit on your hands after late afternoons late reversal we know any move higher for the moment will prove to be effectual. I dont want you to sell everything look, im not trying to be a defeatist. Sometimes the truth hurts. First, let me do this. Let me clear up the real culprit behind todays shellacking i heard stocks are going down because of weakness in the bond market this is false. Bonds might have set
Intraday decline in history. So i think it is safe to say two things first, with the dow plummeting more than 1500 points before rebounding to close down 1,175 poin 1,175 points which is still horrible im calling this a reset not a garden variety selloff but a reset and it is exacerbated bier rant trading. Volatility being code for dramatically lower opening than we deserve unless buyers come in to fix the balance where we begin to start have a real advance okay emphasis on terrifying when the averages fall so far so fast, when the dow losing more than 17 points in ten minutes. It shows not that stocks are bad, it shows the frailty of the stock market itself. They trade all the time and you may not know them, they become the tails, the wag the equity dogs the xiv is down 94 points. You know that is broken much moments where the sell orders flood in by machine. And the buy orders also done by machine seem to vanish they are pulled. Like it or not that is how the algorithm. I hate that w