The nikkei was down by almost 600 points. Thats a decline of 3. 5 . Among some of the things that were cited was a weak Business Sentiment result from a survey from the bank of japan. Traders also citing weak earnings expectations in the United States. Again, 3. 5 decline. Its not our fault. Its japan. I think thats a little separate from what we see here. Call someone, what do you think . They just come up with that. They didnt hear it from a single trader, im sure. Oh, how about this . Well, you saw whats happening in europe. Theres a selloff under way there too. Some of the indices down by over 1. 5 . Again, whats happening here in the United States pales in comparison to all this. We only saw things down by 40 points here this morning so far. Lets give you a little wrapup on whats happening in the First Quarter. It is now officially in the books. It actually was a pretty stunning turnaround for stocks. The last time the dow had a gain like this in a single quarter was more than 82
May have to raise rates very quickly in the future. And she says that due to raising rates are not raising rates due to market volatility is something the fed should be very wary of. She says she reduced her rate path for the fed funds rate from december to march. But says now the economy has shown considerable resilience. Recent inflation data, she says, has been somewhat encouraging and she expects wages to accelerate as the labor market tightens. She sees strength in Consumer Spending with strength in housing. Now, one curious line in here, she says i did not descend from the march decision as if somebody was asking her that question. As far as i know, brian, nobody asked her, but it makes me think that miss mester is not far from descenting if the fed does not move relatively soon here. I didnt steal the candy. Exactly. Im glad you see that. The line kind of sits out there, i did not dissent, as if somebody expected her to dissend, i sort of did. She felt a need to explain this to
loud noises singing gosh, whats that, a wreck . Its a wreck alright, the one e ank drives. Frank we were just talking about you. Buenos d as, seorita betty, its so nice to see you. greeting frank buenos d as seora, seor anderson. Ive come to tell you the great thing that happened to me. [betty] you got the rose garden job no, i no hear about that yet. But this is even greater [margaret] what is it frank, go ahead and tell us. Me, frank, i am going to meet the seor governor. The governor . The governor, you . S , they sent me the telegraph. I had it here. Oh, gracias unfolding paper read it out loud to make sure its what he say. My landlady, she read it to me, but she dont read much better than me. audience chuckles mr. Frank smith, this is, wait a minute. Is that your name, smith . It was ruiz de garc a mendoza. But nobody can spell it, so i take u. S. A. Name frank we know that, but, [frank] and everybody say, what is your last name . And i say, what is most popular u. S. A. Last name
The Unsteady Reign of Danielle Smith macleans.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from macleans.ca Daily Mail and Mail on Sunday newspapers.