Will tell margaret or you have to go to your people and you have to tell them that it is in their interest that we will still have an internal market in one or 2 years time that the whole european edifice it wont be come crashing down through a huge economic crisis because then it will pull the netherlands down with it and its this short term thinking in some countries where the Prime Ministers are seem to be afraid to sort of go out with this message and say folks we cant just look at the moment we have to look to the new year next year the year after that and into the next 5 years and if we want to maintain our own wealth we have to sort of give something at the moment and so far that message doesnt really have to see being well received we heard from one dutch diplomat earlier in the day that they said positions are far apart and they no consensus can is to be had on the spaces so she will really have to move hearts and minds at this is really being seen as a turning point for the E
Interested forecasts ibm is betting on 5g growth and the cloud, it has a tieup with at t that is talking exclusively with jim about he got both. And president ial pressure trump saying his administration will take a look at accusations from tech investor peter thiel that google coordinated with the Chinese Government so some mixed reaction out on bank earnings. Jpmorgan chase, Goldman Sachs, wells fargo. Guys, obvious lly the reason th stock is down they lowered their nim forecast by 500 million. Sometimes you look at a quarter and you say, please, please, give me a highlight. Look, the efficiency ratio was good but when i look at what the other banks have done, i understand that jpmorgan is good, just not shoot the lights out. I dont think when i look line by line, look, you got some good numbers here you have the Consumer Community banking this line about the just the consumer itself, these guys are coining money theyre not coining money as i would like it because of Net Interest Mar
Thermometer but the correlation to equities bonds is really rich. The team leave for me on a monday morning is i see japanese yen just creeping ever so slight. It is just a bit of a weakness. Jonathan 149. 74 at the moment. We averted a shut down and we will get payrolls friday. Ultimately we will do this again. Lisa i cant wait until november when we can do it all again. What i find interesting is the threat of higher rates and the lack of economic weakness on the heels of a Government Shutdown is what is spurring the concern in markets today. All of the sudden people are taken the bond who seriously. Jonathan energy prices, rates, apparently this is the quarter when this consumer frame begins to crack. Tom is the basic theory and then you talk to optimists and there are a number of them and they say no, you saw that in september. I had a great conversation with neil by the neal dudda. He said is not about 4 growth it is tuition to issue two ish. Jonathan jane fraser at city talking a
High, a little bit lower than what weve seen in the last few days. But, again, all of these markets kind of waiting to see what the cpi signals today if inflations getting worse or not. The first couple of years, were in that seasonal oneoff situation or youre in a situation where you have higher prices moving their way through the line once again. Check out precious metals. Commodities across the board have been higher. Gold at another alltime high. You also had silver hitting its highest level since june of 2021. Copper at its highest level since the beginning of january since 1 18. Aluminum higher. All of these things reflecting commodities across the board. Cpi is a little hotter. Goods inflation is a little hotter. Well see. Weve had shares on the other side of the vote, what they thinks going to happen. Im in the Roger Ferguson camp because i try to follow people who have been right. Tom lee has been right too. Thats the thing. Hes been betting on the markets, and he thinks this
Yellen the committee judged it appropriate to wait for more evidence. S p raising an earlier advance. Where treasuries are concerned, huge rally. The dollar tumbling to a threeweek low. Slowing economy and stock market volatility were a big factor in the feds decision. We look ahead to the start of the asiapacific trading day. Yo, americas 7 years of eas money will continue for the time being in what has been the is the most important meeting since the financial crisis. The committee kept Interest Rates unchanged. U. S. Ugh conditions in the are robust enough to consider a rate hike, the global picture is more uncertain and more time is needed before liftoff. Janet yellen the recovery from the Great Recession has advanced sufficiently far. And domestic spending appears sufficiently robust. For an argument can be made a rise in Interest Rate at this time. Haveabroad appears to become more uncertain of late. And heighten concerns about growth in china and other emerging market economies