Eric is out all week. Ive got an allstar cast of guest anchors. How was your weekend . Guest it was good. I played with my iphone. Pretty uneventful. I didnt even make it out of my house very much. Stephanie you didnt go see cinderella . i did not see it, but my kids did. The top business stories of the morning, for the first time in 11 days, Vladimir Putin has been found. He has been seen in public. He met with his counterpart from cargo stand. It not been seen and public since march fifth. That led to speculation about his health, even his grip on power. He has no problems. He today said it would be boring without gossip. Valiant has won the battle. And no international has withdrawn its rival bid. They make drugs for stomach disorders. They are all trying to find new drugs. There is a new ceo at sothebys. Tad smith will take over at the end of the month. Ruprecht had been pressured to create more money. Oil resumes its slide this morning. It had a six year low after falling 10 last
Than what the Union Laborers are requesting. Nissan says they expect to pay the highest average monthly rate with ¥5,000 a month. A little change. We saw the stocks rise in japan. We expect to hear from the governor in less than half an hour. Manus lets talk about the composite. It is a 72 gain in the past 12 months. Is this a reserve requirement drop or more stimulus . Yvonne we are talking about a huge rally that we are seeing. We are talking about these signups seeing the highest since before the financial crisis. The highest level as we mentioned. Airlines and Utility Companies jumped. Investors seemed to be betting on the stimulus in the hope of the economy. We talked about how the pboc is ready to step in and thread the needle of reform, if they need to and they see the economy slow down. Some strategists say this means there is a bottomline that is strong right now. China will step in and make sure the 7 growth target is reached and will not go any lower. Manus thank you for th
For eric Erik Schatzker today. I cannot wait to see what happens. I feel that for them that they are not here today. Scarlet we will try to make it up for them. Federal reserve policymakers wrap up their today meeting twoday meeting and investors will be paying attention to what the fed doesnt say. Janet yellen is likely to be questioned about the strong dollar and how it may affect Monetary Policy. You can watch that live right here on Bloomberg Television starting at 2 30 p. M. Eastern time. Benjamin netanyahu beat the odds. He beat back the challenge from his main rival and capture the most seats in yesterdays election stop now he must yesterdays election. Now he must form a coalition. The hard work begins. Netanyahu says there are issues that must be addressed immediately. Netanyahu we are facing great challenges ahead. I cannot elaborate on all of them, but i can say with that we have challenges in both with certainty that we have challenges of both diplomacy and security. Scarlet
The indices ahead of the feds. Dia is down. You have the qqq, the qs down. 5 . The spy that tracks the s p 500 and that is lower. The iwm that tracks the russell 2,000 and that is down. There is the tenyear note, the yield at 2. 02. Gold up at 11. 53 an ounce. The euro is down i guess the euro is up against the dollar at 1. 06 and west texas crude is down another 2 . Look at that 42 quote on west texas crude. Lets get right to our senior economics reporter Steve Liesman on a roof somewhere in washington. On the feds roof. And i want to spend a minute because certainly someone just tuned in and said why are people spending all this time on the wort patient and why does it matter . And the reason why it matters so much is it gives the fed flexibility to hike Interest Rates. That word meant they would not hike Interest Rates for two meetings. It comes out as expected and gives them flexibility and begins a debate that has to do with valuing stocks and bonds over how quickly the hike rates
Really know. Thats what started that. That red line really was a defining moment for many people. And it is clearly emboldened the russians and others, and now we pay the price for t the problem is much harder now because we have locked down that path and it is harder to back up on it. Back to calls. Guy is next in glen birney, maryland. Democrat caller. Hi glen. Or guy excuse me. Just like to talk to your guest there, i dont know a whole lot about war. But once the first bomb goes off or the first individual that kills, you dont know how far this thing goes. It is easy to start them. It is difficult to end them. And i dont know how we can tell who is the enemy and who is the friend, who is the threat and who is not. But yet when we get there they know were there because we dont look nothing like them. Once you start killing off peoples father, then peoples brothers and sons, what do you think their family members are going to do . Theyre not just going to go away. The United States wi