Mind lets go ahead and take a look at the state of the Global Economy and whats moving markets today with Todd Horowitz chief strategist at bubba trading and octavio c. E. O. Of optimists l. L. C. Thank you both for being here today octavia i want to start with you here i want to get your take on this Economic Data that we just talked about what do you make of this possible v. Shaped recovery in germany and with the rest of the eurozone facing inflation issues well off the e. C. B. As targets do you see the central bank injecting more stimulus to get things rolling. Well i think the projections coming from germany are new to the optimistic original the germans of being so minus the optimistic typically now their projections are predication quite a few things 1st of all theyre saying were not going to have further lock sounds and which means theres not going to be further outbreaks of covert im not quite sure how theyre able to make those projections i think the balance the risk in many
I had an opportunity to meet ,ith local elected Officials Police and sheriffs offices, the office of emergency preparedness. We took off and we flew encircled that flew in circles and we flew in come on row and circled back. The devastation is nowhere near what he saw in Southeast Louisiana yesterday. Powermistic the restoration is going to happen relatively rapidly, but i cant get a prediction on that. Have wendy of power crews that are here working already. We had more power crews positioned ahead of storm than ever in the history of our state. And i think it was the worst storm to ever strike louisiana. I talked to individuals here who can never remember Hurricane Force winds this far north in louisiana, after the experience yesterday. We have got a long way to go. We will be posting a major federal disaster declaration today and i expect they will turn that around fast and that will enable us to even more assistance and we can start looking for parishes who might qualify assistance
After that Prime Ministers questions. And then a roundtable discussion President Trump posted in las vegas with latino supporters. Susan richard horton, editor of the medical journal the lancet, you published a book, and you wrote the virus that caused covid19 is not going away. It will be with us for a long time to come. The best we can hope for is peaceful coexistence. What does that look like . Dr. Horton it means negotiating a relationship with the virus, if i can put it like that. When covid19 hit, countries locked down. The only way to cut viral transmission was to stay at home, stop social mixing, implement physical distancing and so on. That is fine in the short term. It can extinguish the outbreak, but it is not a longterm solution. It is not possible to live life like that. By peaceful coexistence, i mean we have to renegotiate our relationship with the virus, which means we need to leave our homes, go to work, send children to school. We have to do it in a way that minimizes
In the hot seat as the firm faces claims of Racial Discrimination well bring you up to speed on the latest lawsuits plus as the world handles dueling crises of the coronavirus and Global Economic slowdown greece and turkey have opened a new front for concern as tensions are high in the mediterranean with a packed show today so lets dive right in. And we lead the program with positive data out of europes largest economy in the German Government said tuesday their coverage is going better than expected issuing an upward revision of its Economic Forecast for 2020 german economic minister peter all meyer said tuesday the country is dealing with a v. Shaped of development. The recession in the 1st half of the year was less severe than we had and the upturn after the low and the peak of the restrictions has been faster and more dynamic than we had. However it is true that we are over the worst since may we have a significant recovery in the economy and in services in trade and industry we ex
Recession in the 1st half of the year was less severe than we can see here and the upturn after the low and the peak of the restrictions has been faster and more dynamic than we had. However it is true that we are over the worst since may we have a significant recovery in the economy and in services in trade and industry we expect the recovery effort he continues for the rest of the year. Germany is now predicting a contraction in Gross Domestic Product of 5. 8 percent rather than the forecast of 6. 3 percent anticipated in late april the government also expects growth of 4. 4 percent in 2021 meanwhile inflation in the euro zone turned negative in august for the 1st time since 2016 annual inflation for euro zone countries fell to minus point 2 percent in august from point 4 percent in july reported number is far less than the European Central banks target of just under 2 percent so with all this in mind lets go ahead and take a look at the state of the Global Economy and whats moving m