To work a lot to restore Economic Growth when you said that consumption fell by half by 50 . This is, well, taking into account, for example, azovstali. We, taking into account Metallurgical Enterprises compared to ukraine, to a largescale withdrawal, yes, taking into account Metallurgical Enterprises, it is also simply terrible, and one more uh, well, if i could say it, another scheme that is superimposed on all this on the one hand in there are people who more or less emphasize on us in more or less peaceful territories well, for example, in kyiv, even the west of ukraine, he, he, he recently suffered from shelling, so although it is possible and not as much as the east, but it was affected, but there is an eastern and southern frontline territory, how can these people who live there survive the winter, because well there is definitely no question of whether there will be blockades, it seems that they are already there, we talked with the communities of sumy oblast, in fact , we are
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A very warm welcome to Worldwide Exchange. Im will ford frost. Im seema mody. Take a look at how u. S. Equities are performing in premarket trade. You can see a significant move to the down side with the dow jones off 141 points nasdaq, lower by 62. The s p off by 21. This as weve seen a Global Market reaction to the north korean provocation japanese stocks at a fourmonth low, wilfred more on the markets around the world. The developing story that seema just mentioned out of north korea that nation launching a Ballistic Missile. The move prompting warnings for residents of japan to take cover. Shinzo abe calling the launch reckless and a significant theft. The u. N. Security council is holding an emergency meeting to discuss north korea. Cnbc live in japan with the latest good morning good morning to you, wilfred. Like so many people here in japan, we were woken up around 6 00 a. M. Local time with the latest launch from north korea triggering a nationwide alert. Broadcasters breaking
Indexes were pulling back. You can see, were now flat across the board. The nasdaq just inching positive. All and all, one of the rare not up days for your stock investments. And of course all of this coming ahead of what is likely just the second fed rate hike in a decade. Tyler . Thank you very much, brian. We are less than an hour away from that fed rate decision. Most people do expect a quarter point hike. Could it be more . Well explore that in this hour as well. It has been a year since the last hike, then there is yellens News Conference, thats at 2 30 eastern time. Steve liesman following all of it for us live in washington. Hi, steve. Good afternoon. Just a quick note that we got some data this morning, the fed got some data on the second day of its meeting when it makes its policy announcement. And decision. And that data was weaker. I want to show you the cnbc rapid update. What happened is economists have taken. 2 off their forecast for the current quarter, down to 1. 8, th
Worry about the fed being behind the curve. Theyll see the return of the bond vigilantes, remember them from the 1990s, the risk of sharply higher rates on the long end which could lead to a weaker economy, a weak stock market on the catch the trump economic plan could come from the markets and the fear that the fed is behind the curve, inflation is spiking, weaker economy, weaker stock market. Trish this is significant, kimberly, they are raising the range here to half point to threequarters of a point. What does that say to you . I think its baked in there now, that the stronger economy, unemployment is under control, and so thats going to be an expansion. Plus, with trumps ideas maybe saying more infrastructure, tax cuts personally and federally, as well as sorry . Trish im agreeing with you, i said uhhuh, keep going and as well as regulation reform, i think this is a great environment for investors for the long term. Yes, its going to be volatile in the short term, absolutely, as I