Dollar business with idealism and a dash of sugar. Im ali velshi in washington, d. C. And this is real money. This is real money coming to you from washington, d. C. You remain the most important part of the show. Tell me whats on your mind. Russian president Vladimir Putin and chinese president signed an historic International Deal in shanghai valued at 400 billion. China commits to buy russian natural gas for 30 years to power its growing economy. The worlds second largest after the United States. Todays deal connects russias northeast t through siberia. Todays deal has huge implications for u. S. Engagement in the world. Now in a stroke of a pen today russia got some strategic space to breathe and its confrontation with the west in ukraine. This weekend vote necessary ukraine go to the polls to elect new leaders. At the same time pro russian separatist agitate for secession in the east. Right now threequarters of russias exports go to europe through ukraine. The good nick news helps
Dollar business with idealism and a dash of sugar. Im ali velshi in washington, d. C. And this is real money. This is real money coming to you from washington, d. C. You remain the most important part of the show. Tell me whats on your mind. Russian president Vladimir Putin and chinese president signed an historic International Deal in shanghai valued at 400 billion. China commits to buy russian natural gas for 30 years to power its growing economy. The worlds second largest after the United States. Todays deal connects russias northeast t through siberia. Todays deal has huge implications for u. S. Engagement in the world. Now in a stroke of a pen today russia got some strategic space to breathe and its confrontation with the west in ukraine. This weekend vote necessary ukraine go to the polls to elect new leaders. At the same time pro russian separatist agitate for secession in the east. Right now threequarters of russias exports go to europe through ukraine. The good nick news helps
I am matt miller. I am scarlet fu. Business stories from around the world kicking off with federal and state prosecutors considering charges against Bnp Harry Bob according to a person familiar with the matter. Overt suisse investigated whether it helped american evade taxes. Bnp paribas. Energizer holdings is splitting up into two publicly traded companies. One the unit will include household products. The other will be energizers personalcare business among products will be sure craters razors and hawaiian tropic sunscreen. The biggest utility deal in north america best year. Agreeing to buy Pepsico Holdings for 14 billion 6. 8 billion in cash. The utilityrates that serves the washington, d. C. , area. I want to emphasize the word nuclear is not nuclear. Definitely not nuclear. Going to accompany story we have been following. Twitter, a puzzle for you. Posted firstquarter results that Beat Estimates on the top and bottom line. Investors shrugging it off. Focusing on slowing user grow
Suggests growth has picked up after slowing in the winter because of weather conditions. Labor market indicators are mixed but showed employment showed improvement. Unemployment remains elevated. Household spending appears to be writing quickly rising quickly. Recovery in housing remains slow. With appropriate policy accommodation, Economic Activity will expand at a moderate pace and labor Market Conditions will improve gradually. Isk inmmittee sees the r the economy and the labor market is nearly balance. With regard to forward guidance, no changes in the statement. Viewed reaffirming its that a highly accommodative stance of Monetary Policy remains appropriate. The same language with regard to what could happen to Interest Rates over the long term. It is likely to maintain the current target range for the federal funds rate after the Asset Program ends. Longerterm Inflation Expectations remain well anchored. Vote was unanimous, even kosher lakota even kocherlakota was on board. Modes
We will find out. And Laird Hamiltons new venture, the golf board. He is hoping it will bring cool back to the game of golf and maybe bring money to his pocket. All that and more over the next hour. First, to washington dc, first involving the Federal Reserve, then general motors, and the washington redskins. At a News Conference today, i fed chair janet yellen said growth is bouncing back and the job market is improving. She also addressed concerns about inflation. Inflation continues to run well below our objective. We are still some ways away from maximum employment. And for the moment, i dont see any tree off whatsoever from achieving our objectives. The stock and bond markets liked with a heard from janet yellen. After speaking at the press conference, the s p 500 hit a new record, up more than 14 points. I am joined by Bloomberg Economist josh wright. He is a former policy advisor and market analyst at the fed. And were joined by the chief economist at banc of tokyo. Josh, i want