Welcome to countdown. It has gone 6 a. M. In london. Lets talk about the fed and what they did and did not do and with the did two markets. No change in interestrate from the Federal Reserve. That was generally expected although there was that risk it would flag. The dollar index fell and it is still weak. The dollar index down by. 3 of a percent in the trading session. The feds inaction has weighed on the greenback this year, that is the subtitle that goes along with this chart showing how the dollar has fallen and is having trouble making any headway of toward the feds inaction and weighing on the dollar. There was some hawkishness around the shortterm trajectory. Youll see expectations of a hike in december have been pushed up to above 61 . Asian markets have responded to the no change decision from the no change decision. Up shy of 1 . The fed did cut back on its expectations for hikes in 2017. Bringing that down from three to two. That was seen as fairly dovish and equity markets
The exact circumstances are not clear, but what is clear is everybody on board the aircraft is dead. Here is john with the latest. I think the death toll is 298. 315 with the malaysian aircrew, and the mostly dutch. The flight going down to kuala lumpur. 27 australians, 23 malaysians, nine british, 23 u. S. Citizens, and 23 unaccounted for. As you say, the flight left at 12 15 local time in holland. It would have arrived three hours ago in kuala lumpur. It went down over Eastern Ukraine, the town of torez, 50 kilometers from the russian border. It is important to point out they were authorized they could travel at 33,000 feet. They were also informed by the Ukrainian Air Traffic Control that the area was not designated as a war zone. The International Transport association said there were no flight restrictions either. It is a boeing triple seven 777 widebody. 11 gadflies surface to air missiles took it out, it would seem, according to u. S. Intelligence. A bit oft of you weaponry that
Ehran. Welcome to countdown. Coming up, we are going to bring you a look at the geneva show. We will speak with sergio marchionne. Despite slow growth in the european market, prospect of the future are promising. It is nothing spectacular, but it is consistent. It is not a flybynight. It is not a flimsy recovery. It is a decent base on which to build the future. That Economic Reforms being carried out by the european governments go through, and if European Unions see their way to learn how to manage themselves, i think the prospects are good. India bank just cut Interest Rates in an unscheduled move for the second time this year. The governor says weakness in asia goss thirdlargest economy has given the bank room to ease. He cut it by a quarter point. For more, lets get to anna preand i year anna. This is the second time the governor has acted around this global theme of policy easing. Bring us up to speed. It is the second out of policy cuts we have seen. He likes to keep everyone on.
Welcome to countdown. Anna coming up this morning another bloomberg exclusive, we will go live to paris and speak to the ceo of j. Crew as they open their first boutique in the country. Mark and cather Qatar Airways chief executive talks about his rival delta. Lets get to one of our top stories, Chinas National Peoples Congress continues today. As was widely expected the premier set out an Economic Growth plan of 7 . Rosalynn joins us from beijing with more. What do you know about this figure . Rosalynn it indicates theyre trying to project a slowdown and are encouraging innovation which includes the quality of growth. Here in china. He has said in the past that he will tolerate a lower level of growth as long as enough jobs were created. If you look at last year, the growth hits 7. 4 and there were 13 million jobs created interurban areas in urban areas. Way more than the target. A 7 figure is manageable because there will still be growth in the job market. This number does reflect th