Mining getting a little bit. Doing to the market . Lets nip in and see how those. Re doing. Ur deals report are will he approached should now go approach chinalco . A rather hefty price. That was a bit of a painful do a. Could they try to deal to build momentum . The american repository stormed ahead. We will see how rio does in london. With thething to do ebola out rate in spain. Outbreak in spain. They have notified they have been subject to allegations of bribery. You a coupleo give numbers. They look like they are disclosing. It is coming off its overall highs. Stephanie funders was here. Simon smiles is here. I know you are going to tie up the names. I know you are the only man who can do it. Do much for the dollar, did she . Her pair the markets for rate prepare the markets for rate rises. A slightly different and in terms of the euro dollar. It really batters it away. Down is already implied . Ideae has a pretty good where it is. Lets bring in the chief strategist. Joining us. T
We are getting some breaking news from the bank of japan. No change at the boj. To as retained its plan ¥70 trillion rise. What is interesting that has emerged from the meeting, it seems as if there was a debate change their rhetoric about when the bank of japan will reach its 2 inflation target. Bojmember proposed the would change its rhetoric. Would finishrange in april next year. It was defeated and 881 vote. A majority of the Board Members think it should drop but that is not reflected in todays meeting. Maybe that will happen further down the line. No change in policy but the division is occurring within the boj about this target which was put in place over a year ago to 2 inflationeral level within two years. This is a debate between shinzo abe who made statements about the weakness in the end at sincet time 1998, he was called a wave. He had to go into the diet and explain himself where he hinted again, hitting that target. Take how see action if they needed to. We have got the
Sharply lower than what had been expected in april. Also lowering its growth forecast for 2015. The main reason, according to the International Monetary fund, geopolitical risks. They cite risks coming out of the middle east and coming out of the tensions between russia and ukraine. On the up side, the imf revised the u. S. Outlook higher. Growth for the United States set to be 3. 5 for the second half of 2014. 3. 8 in 2015, but the u. S. Is certainly a bright spot in what is otherwise a down beat picture. Europe, japan and the emerging markets all taken lower. Of the emerging markets, i thought it was interesting that brazil was actually cut in terms of the growth forecast the most. Some quotes to highlight from the International Monetary report, mediocre is the word. We heard this from lagarde last week. It sets the tone between finance ministers. Theyll be gathering in washington. Theyll be there to discuss the new mediocre which is what the imf is calling it. Flag warnings about th
S. A. P. Gets a boost after they lift the First Quarter profit. The ecb is considering a plan to increase hair cuts on greek Bank Collateral if athens fails to convince its International Lenders on reforms. Hi everybody. Good morning. Good morning. Nice to be back. A lot going on still and this week crucial in regards to greece. Earnings. 150 companies on the s p. Some of our guests are optimistic with regards to earnings but most people are saying we could be in for disappointment. The outlook is going to be harder this year. I dont know. I think the expectations are so low that it give mrs. S more room for companies to meet expectations. It depends on which sector youre looking at. The tech sector has been quite buoyant but then you have other sectors where theres still some nervousness with Global Growth and cyclicals out there. Weve seen a pull back in them. Energy. Oil price 60 barrel but theyre going to have to compensate for the dramatic drop weve been seeing over the past coupl
Wells fargo he was the more of a china exerted they noted somebody that was a california expert that is what the chinese were looking for anyway very interesting gentleman and then this modern chamber of commerce a map month to month lead to a meeting of the chairman of the board of the American Chamber of commerce in shanghai about sort of a force of nature we had a very long month to month. He has a house in San Francisco. He has a house in San Francisco laughter he had leave excellent ideas how to you put us in touch with highlevel people to help us without u out with the cargo issues ill leave it with that weve continuing to develop relationship were continually to do that in the future. Thanks jim after the month to month living breathing with the filipinos and the port of shanghai we got communication from the port of shapg hi bringing a delegation of their folks to locate the waterfront and marina developed theyre taking this relationship seriously and it is about relationships