Thank you also to the folks from cspan who are watching and the folks that are streaming this live over the Atlantic Councils website. My name is william wechsler. I read the Atlantic Councils work in the middle east. Im the director for the center that is your host this afternoon. This question was a question that would not really have been asked only a decade ago. China does not have deep historical ties in the region. China has its economic connections were modest not that long ago. But now its a question that many people in the region are asking more and more. Many people in the u. S. Economic, diplomatic, intelligence and military apparatus are asking more and more. Many people in china are asking more and more about how they approach this region as part of their wider belt and Road Initiative, as part of their wider diplomatic initiatives, as part of their need for Energy Resources. What we see right now is the economic relationship between china and the middle east is deep and d
Interest rate at 5. 5 . Of course, dave, it is widely expected all 20 economists we surveyed expected as much. But the question is really whether or not governor adrian orr will sound hawkish, given that inflation is still far from where he wants it to be, which is one, two, 3 right now. We had headline inflation in the Second Quarter at about 6 . So rbnz staying pat for a second time in a row at 5. 5 . Remember, this is the central bank that has done 525 basis point hike. It has been pretty aggressive ahead of the curve, way ahead of the fed. And now it is keeping its rate standing pat at 5. 5 for a second time in a row. Dave. Yep. Yeah. So were looking at, to your point there where there is some commentary on inflation and how restrictive rates are and theyre saying already restrictive and that should be enough to return inflation to target. Were just going through some of the phrasing here on the statement because that i guess in some ways, short of hearing from the governor himself
China has reached the highest level in the last decade. In a report quoted by caper, the specialized publication bloomberg announced that china, as the Worlds Largest oil importer , has imported about one and a half Million Barrels of Iranian Crude Oil per day this month. Which has increased by more than 50 compared to previous months and is the highest figure since 2013, so the latest published data of chinas oil import is about 10 Million Barrels per day, according to which iran supplies about 15 of it. Moscow security with the presence of defense ministers and highranking military and political officials of 60 countries the place where the fundamental positions of the Islamic Republic of iran in the field of International Security and the new world order based on multilateralism were changed. Amir nasirzadeh, the substitute speaker of the meeting, was present at the opening of this international meeting. Nizam park of this city brought together amir Brigadier General nasirzadeh, dep
Money,. And with retail earning season about to kick off, we start off with potential to believe the death of the consumer has been greatly exaggerated. Bank of america upgrading the discretionary sector an overweight from an underweight, laying out a host of reasons growing hopes for a soft landing, no recession means more consumption, they say. Plus, consumers biggest debt burden, their mortgage, are in fixed low rates. So, not subject to moves and bond yields. Analysts highlighting rising real wages and earnings beats in the discretionary sector should this signal we are in for strong reports next week guy, maybe were just too worried about the consumer, everything is just fine in consumerland. I wake up for it, mel i know. I understand why theres reason for optimism without question u. S. Consumer will always spend if nothing bad is going on and i always view it through the lens of the stock market when theres an event in the stock market to the downside, thats when Consumer Behavi
Have experienced the fact that the supervisions have never been strong supervisions. I will give an concrete example, but regarding bread, well, many countries in the world are subsidizing bread , that is, bread and milk are now being subsidized even in europe. Bread not tick products and. Guche, sweets, macaroni , bread and milk directly, and only the milk itself, not dairy, that is, these two goods are low in almost the format of the countries of the world, according to my work and service experience, i am telling you that in many countries of the world, only two products , bread and milk , are fully subsidized by the government, and the governments do not. My question is, for example, not for them, they get value added tax, tax figure , full subsidy, they have a full support rate, they buy, in fact, it means that the support purchase by the people is formed for bread. Or, like now, buy a guarantee that we we have about wheat in our country, well, this purchase is to support the peop