Speak and in the last halfhour tom keene interviewed Federal Reserve vice chair Stanley Fischer who weighed in on employment. We will be aiming and very likely close to 2 inflation and full employment, which somewhere around where we are now, possibly a bit lower. Jonathan joining us now is sebastien galy, Deutsche Bank director of ethnic strategy and from our european headquarters, speak,ek full of fed what have you learned so far that he did not know last week . I think what we have learned is the fed is really optimistic. The data has been ok, it is not than on fire and they recognize that. You have not preannounced something for march and they were not go into a march meeting and the market since then has repriced something between 223 hikes. Hikes. Two 23 the market is pricing some uncertainty between now and the end of the year something might happen. If there is a risk aversion event of the risk is to the downside to the market is priced almost perfectly. From our perspective at
December as investors await their g. D. P. Numbers out. And that is what you need to know. David for more on those g. D. P. Numbers, we turn now to carl, chief of u. S. Economist. So we have five quarters of slim pickings. What are we looking forward to . Its growing at 3. 3 five quarters ago. Now were growing at 1. 3 which is below the feds neutral growth separate and thats problematic for the economy. Consensus going into todays number have steadily deteriorated over the course of the quarter from north of 3 , 3. 5 well say at the start of the quarter down to only 2. 6 . And i think theres a risk maybe that Consumer Spending which was the major Growth Engine in q2 could fire on a much softer level in the Third Quarter. Alix inventories. We saw it drop on the Second Quarter which is unheard of when youre not in a recession. When is the payback for that . That subtracted about 120 basis points off the headline growth figure. And the expectation was well, that will turn into a significa
Coming up on the show, we have Dale Stafford. He will join us on all the dealmaking and unmaking going on. We will preview aprils retail sales. Jon looking forward to that conversation. S p 500 futures negative five. Switch over to the board very quickly. 1. 1345. Lar, foot. Llar is on the front yields are down by two basis points. What a week for wti. 46 thought. Flat. Lets go around the world for indepth coverage. Selena wang as the latest. We are 90 minutes away from the april retail Sales Numbers. Speaking of ecodata, guy johnson has latest on euro area growth. Julia tells us what to expect a day after Dilma Rousseffs suspension. Apple has found a way to use its enormous pile of cash and it could have an effect on the uber. Lets get the details from selena wang. Selena this is a huge deal. This is the single largest investment they have ever received. Was in talks to raise 2 billion. This is very unusual for the smartphone maker. They dont normally invest in startup funding rounds
Opposing forces in the market. The young moving higher. Still a lot of issues in europe. Deutsche bank getting hammered again. Jonathan are they really going to use the mexican peso as the proxy for who won the debate . There will be holes coming out. Dont worry. Alix we will have guests break it down through the program. We are looking at former u. K. Chancellor of exchequer george osborne. He will be joining us in his first tv interview since leaving government. It is a bloomberg exclusive. Will join usrack for the full hour. And before the u. S. Open, a discussion of all things election. A little bit risk on, a little bit risk off. Jonathan we are up about a third of 1 . 0. 8 . X down by record close for Deutsche Bank. 3 on the session so far. The ftse 100 in london also soft. We talk about the peso in just a moment. Abouter dollar, down by 0. 25 . In the bond market, look at the front end of the yield curve. We are about three basis points away from an alltime yield alltime low on
On tonights pbs newshour. And by bnsf railway. And with the ongoing support of these institutions this program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Woodruff pope francis is now in washington, after arriving to pomp, ceremony and cheering, chanting crowds. The start of his sixday stay followed four days in cuba. William brangham reports on the dayss events. Brangham the pope began his firstever visit to the United States late this afternoon, flying into a military facility just outside washington. President obama, Vice President biden and their wives greeted pope francis on the tarmac while hundreds more awaited. President ial advisor Valerie Jarrett theres so much excitement. I think the crowd reflects the diversity of our country. Everyone who is coming is excited about the opportunity to be in his presence, and so i think that this visit means a great deal to america. Security was tigh