possible? one china policy. how is that ossible? ., , , ., possible? that is basely what has been going possible? that is basely what has been going on possible? that is basely what has been going on over - possible? that is basely what has been going on over the last 30-40 has been going on over the last 30 a0 years. it has been a cornerstone of the america chinese relationship that america acknowledges, recognises one china policy. that will not change. there is a difference between a one china policy that moves towards political unification and a one china policy that wants to maintain the status quo with taiwan being the sovereign entity. not an independent country, a sovereign entity. that is what america and most western countries would like to continue. the question is, how much longer will china continue to live with that reality. i am not so sanguine about a military option being off the table, but it is very clear in the next three years, until 2030 or so, both
Today is a text bookcase where you cant take you cue from the actions. This in spite of fact we got plenty of good earnings news both last night and this morning, especially in retail of all places even the amazing numbers in the stock news from foot locker, ross stores, gap, even from aerocram beand fish. Selling overseas farm markets are to a weak dollar, thats something good for the u. S those stocks were amazing. That said, a beat in race quarter always reduce higher rices for the stock in question. For this particular market, kind of approximate prices if people are betting against the stock. When i say almost always, because momentum may not always by the case, take the case of materials. A monster rally going into the quarter, it gave up all its gauge and then some. Still, its another reason why you have to Pay Attention to the individual earnings support, now more than ever when you see Something Like a foot locker and ross store up where its never been mondays got some big kne
Lacqua is Federico Marchetti. Thank you for joining me and speaking to bloomberg. Fashion or tech entrepreneur, what are you . Marchetti i am 50 50. I think it was my advantage. I look at fashion from a nerd and technology from a business point of view. I try to find a link between the web, fashion, and luxury. Lacqua do you only work for yourself, or that you have revolutionized the way that we do things . Marchetti tech and fashion entrepreneur i liked the feeling that i was building something from scratch. I started with no money. My family is a very normal family from the northeast of italy. I really i feel like i am a builder. I am not an entrepreneur. I am not someone who is building and selling, like in silicon valley. I am someone who loves being in a company and wants to build it to last. Lacqua even growing up . Do you remember what you wanted to be as a child . Marchetti i always wanted to be an entrepreneur. Even if my parents were not entrepreneurs, i really wanted to beco
Will today announce if it plans on raising Interest Rates for the worlds biggest economy. Any rise will be seen as an endorsement of not only the strength of the American Economy, but also the Global Economy, ten years on from the financial crisis. There have been three rises since december 2016 and markets are already factoring in another rise later today. Us Economic Growth has hit an annualised rate of more than 3 in the past two quarters, while the Unemployment Rate is at its lowest since 2000. Us jobs growth was once better than expected in november, with payrolls rising by 228,000 with the Unemployment Rate Holding Steady at 4. 1 . And in october the imf upped its forecast for the Global Economy and now predicts growth of 3. 6 this year and 3. 7 in 2018. Meanwhile, the us stock market has also been surging ahead its regularly broken records throughout the year. But just who should take the credit for it . Turns out theres a difference of opinion as Samira Hussain reports now from
To bloomberg. Joe sure. Francine can you tell me about the first day you started at siemens . Joe it has been a while. I remember, when i was coming to the company i said, oh my god. I was thinking to myself, i do not know anything anymore about what i studied. It was an experience. Francine do you remember going into it . Did you think, this is a company i really want to work for . Joe i was interviewing at different places, but i saw siemens at the time, it was still in the Semiconductor Business and the electronics business. So i thought it was really cool, we were about to develop this one megabit chip. We are now at gigabit. So i thought this is where i want to be. Francine how has the Company Changed . Joe it is like day and night really. I came in to manufacturing environment, it was about production and process and cost efficiency. There was a very technologically focused company, not much about markets and customers, it was much more inside out than outside in. A lot has chang