Bloomberg view. And Catherine Rampal for the washington post. Good to be here. Joe, let me start with you. He said he is inheriting a mess, did he . No. His predecessor inherited a mess. There was a recession and unemployment that was at like 8 . Unemployment rate that was below 5 when obama left office. Positive gdps growth for obama and negative when he took office. Peoplef middleclass have been howling, theres a lot of pain in the country. A lot of that was a treated in the election. You have to go into this right not helpsolution will that, it will exacerbate the problem. I think joe just nailed it. I think what carried him to the election is what he just talked about, which is a wage gap. We have low unemployment in the country, the problem is the jumping up a well. Which of these houses would improve the pay. The most efficient way went to be raising the minimum wage which is not on the table. Infrastructure spending would be great if we just had a trillion dollars to reinvest re
Bloomberg view. And Catherine Rampal for the washington post. Good to be here. Joe, let me start with you. He said he is inheriting a mess, did he . No. His predecessor inherited a mess. There was a recession and unemployment that was at like 8 . Unemployment rate that was below 5 when obama left office. Positive gdps growth for obama and negative when he took office. Peoplef middleclass have been howling, theres a lot of pain in the country. A lot of that was a treated in the election. You have to go into this right not helpsolution will that, it will exacerbate the problem. I think joe just nailed it. I think what carried him to the election is what he just talked about, which is a wage gap. We have low unemployment in the country, the problem is the jumping up a well. Which of these houses would improve the pay. The most efficient way went to be raising the minimum wage which is not on the table. Infrastructure spending would be great if we just had a trillion dollars to reinvest re
Exchange. Its quiet in the markets. You are looking at euro sterling, how important those dynamics are. Are you making a prediction of parity . Francine we have a great story. This is not u. S. Versus europe, this is japan versus europe. David is in new york. David big job cuts are on the way at the british bank they will get 15,000 jobs after reporting a surprise loss. They will raise 5 billion in a write off. Reverseer is trying to costs. That russian plane that crashed in egypt had a prior damage linked to other crashes. In 2001, its great to its tail on a landing and needed to be repaired. It could lead to the sort of midair breakup that occurred on saturday. Part of the tail section was found away from the other wreckage, indicating that it had broken off. Bow tos refusing to pressure to shut the countrys borders. They are trying to figure what to do with refugees. They have taken up to one million refugees. She says closing the border with austria is not the issue. Oscar pistoriu
Front door. Happy friday. This is Market Makers. Schatzker. I am i am scarlet fu. It is up to the senate in the Upper Chamber beginning debate on a 1. 1 trillion spending bill just hours after the house barely managed to pass it. It faced strong opposition from the left and right. Elizabeth warren and ted cruz have both threatened to block it. She is worried about a provision that rolls back part of the wall street reform bill and he was to block president obamas immigration plan. The senate has until saturday to avoid a Government Shutdown. Wholesale prices are falling. In november, Producer Price index was down 0. 2 , the strauch sharper than forecast. Economythe overall picks up steam. Oil cost is playing a big part. A data point the fed will be looking into when it meets next week. Pressure yet again this morning after the International Energy agency predicted demand will be weak and supply will be strong. The iaea is protecting what is a vicious circle or virtuous one, depending o
Cocacola. Liz who among us hasnt owned cocacola at some point or another. There is nobody behind me because president clinton is about to be in the house. Theyre doing a massive security sweep here in midtown manhattan. We have many luminaries here. Aside from bono, front man of u 2. We also have Cheryl Sandberg, chief Financial Officer of facebook. What do we have . Mukhtar kent, the head of cocacola. He was right here with just moments ago, talking about a bunch of things. First of all, david, he is very concerned about the Global Economy and people have a negative perception. He said deal with it. It is going to be a very slow slog of growth we need to find once again. He is looking everywhere on planet for growth and he finds it in africa. For the next five to 10 years africa will be a very fastgrowing environment, macroeconomicly. Why is that happening . Because there is small increments of improvement in governance in africa, across the board. From north to south, all across subs