Reserve. Every day we guessed what the fed will do and every day we make it harder and now that its almost upon us this discussion monopolizes it. We know employment has been strong. Theres no reason to keep shortterm Interest Rates too low. But its how companies are doing like mine. The amazing race would be the last thing you do. I cant name a Business Group doing better than it was six months ago. That is if you thought that Employment Matters all that much because employment wasnt as strong then as it has been in the last few months. They havent missed anything. If hiring is their gauge, still, though, the stock markets rock because anyone that follows individual stocks knows that things just arent so hot. Individual Sector Analysis says things arent that hot. All right. Not that hot. Its a term that explains where the economy is right now. Thats where the confusion comes in. How can the cooling economy produce more jobs . The answer is simple. The businesses im looking at now will
We need to get the currency moves. The rand is weaker, the pound is weaker. At of eurozone, this is not too bad. Economic confidence is rising. In the markets have changed the last 48travelers with tight correlation being the major theme. What i would suggest, francine, this morning is the tale is there is no dollar strength. The tell taleg, is there is no dollar strength. First, lets get to the bloomberg first work news. Thank you. Thats get going with the chinese stock market with the worst start in two decades and no sign it is getting better. They cut the reference rates for an for the worst since august, leading to a market shutdown 30 minutes into the session. The first four trading days of the year it is down 12 . The u. S. Is pulling for new sanctions for north korea, hours s governmentgun tested a hydrogen bomb. They want to put pressure on north korea by imposing a tough package of sanctions. Looking to play peacemaker between saudi arabia and iran. Saudi arabias foreign mini
System. I wont say too much but it is one of the hottest topics around and most important topics around. Of course theres china but theres the whole of asia. And i think the Financial System as weve all learned is one of the absolute requirements for growth. Deputy managing director min zhu was previously adviser to the managing director, senior adviser, and he was the Deputy Governor of the bank of china, and before that, chairing a working group on financial issues. So there is few i think in the world, if any, who knows more certainly about the chinese Financial System but now about the whole world Financial System than min zhu, our friend min zhu. And he makes us an honor to come to brookings for this event. So thank you very much. I will cede the floor to him. After his remarks the panel will i will introduce the panel and we will have some further remarks from two colleagues from the fund, from our own eswar prasad. I will then launch a discussion where we will go from a Panel Di
Times forward earnings. It is in that range. I went to the Oxford English dictionary on my bloomberg terminal. Frothy. 1533 is the first definition. It says, frothy, their frothy waves. It is a frothy surveillance this morning. A frothy brees. Breeze. Economic data here in the u. S. We get producer pricing index. Janet yellen will be watching that. 9 15 Industrial Production. How much are Companies Operating . The beige book at 2 00 p. M. Earnings before the bell. Blackrock in bank of america. Scarlet, you will be breaking bank of america. Can we have a moment of silence for scarlet fu . She rocked it yesterday. Jpmorgan, goldman sachs, it was awesome. It was a pretty busy day. I like that. False, brands get two thirds of their business outside of the u. S. Tubing items of note. Two items of note. Janet yellen testifying before congress for the second day in a row. 15 years ago today, jfk juniors plane crashed off marthas vineyard. That was terrible. No other way to put it. That is the
This is real money, and you are the most important part of the show. Tell me whats on your mind by tweeting me at ali velshi. It was billed by ukraines leader to decide the fate of peace and the fate of europe, end quote. And in the end, the leaders meeting today in belarus decided that the fate of ukraine will be more of the same. Despite public handshakes, poroshenko denounced the rebels fighting in ukraine, and Vladimir Putin shot back with his denounceiation, this time of ukraines recent trade pack with the european union, which he says threatens russias well being. Thats the very issue that triggered ukraines upheaval last year, and since then it has deinvolved into europes biggest crisis since the cold war with no end in sight. Ukraine said it captured ten russian paratroopers who it said snuck on to its territory. And now the Russian Military is helping the rebels open up a new front in east ukraine to relieve cities to the north. The goal is to take a road that connects the bes