Is two parts to that last night i focused on the major averages are not representative of the broader economy. Something held true today with the dow and s p losing 4. 4 and nasdaq sinking 5. 7 after the dollar skyrocketed something we warned about because the fed made it confusing how much they will keep helping the economy. The stronger dollar isnt great but the incredible v shape rally in the stock market doesnt jive with reality in a world where we still have double digit unemployment tonight, though, we need to talk about the other part of the sentence the stock market doesnt reflect Current Conditions emphasis on the word current why . The market is a forecast machine across the ball and supposed to be appearing six to nine months in the future. Maybe the economy is in rough shape. Let say they reflect next february so what are the odds the economy will be in much better condition by then because some people would say stocks are saying. Thats the key question. Tonight, i want to
Generation keim. He resigned as parliamentary vice minister for Foreign Affairs after the raid. Prime minister Kishida Fumio says its regrettable that the situation has aroused the publics suspicion. He declined to discuss it further due to the ongoing investigation. But he says the government will continue to promote Renewable Energy policies. Japan Wind Development denies bribery. The company failed to join offshore wind Power Generation projects. The government held biddings for them between 2020 and 2021. Akimoto brought up the bidding process during a diet session in february of last year. He asked for evaluation standards to be reviewed. The government later changed them. Akimoto was involved in drafting a bill several years ago on promoting offshore wind Power Generation. He did not respond to questions from reporters when he returned to japan from an overseas trip on thursday evening. Two u. S. Navy sailors have been arrested and indicted on charges of leaking sensitive militar
Face lets meet some of those pioneers today welcome to made in germany and starting in italy which is holding a general election this sunday investors will keep a close eye on the outcome at the moment the Italian Economy is strengthening albeit less than its european neighbors unemployment has fallen slightly to ten point eight percent and the percentage of nonperforming loans is also down but twelve point two percent is still some three hundred billion euros a huge burden for italys banks and that reflects on italys business scene where its hard to raise capital still some startup pioneer is a managing to prosper like two entrepreneurs we met in milan. So now im entering the store to espouse it all develops b. To be Virtual Reality Simulation Software for retailers such as Companies Based in milan in italy a country he says is not up to speed in all respects you know immediately when youre talking about food fashion and design is ok when youre talking about technology. Is different i
Starting in italy which is holding a general election this sunday investors will keep a close eye on the outcome at the moment the Italian Economy is strengthening albeit less than its european neighbors unemployment has fallen slightly to ten point eight percent and the percentage of nonperforming loans is also down but twelve point two percent is still some three hundred billion euros a huge burden for italys banks and that reflects on italys business scene where its hard to raise capital still some startup pioneer is a managing to prosper like two entrepreneurs we met in milan. So now im entering the store you espouse it all developes b. To be Virtual Reality Simulation Software for retailers such as Companies Based in milan in italy a country he says is not up to speed in all respects you know immediately when youre talking about food. And design ok when youre talking about technology. It is different i suppose it also says the internet is too slow and the red tape too cumbersome a
Steelmaker. Very damaging for japans managing sector. The i. M. F. Puts out a sunny growth forecast. Christine sheds light on the support. We see the sun shining but we also are seeing the clouds on the horizon. Fed president s add inside insight. Really nervous expectations are low. Were not trying to address the relative price changes that occur in the economy, were trying to get the underlying rate. Plus, economists consider the conundrums of tax reform. Has to be basebroadening as well. Growth will pay for part of it but not all of it. Might as well assume unicorns will come and deliver packages of money. Theres no reason to believe this. There are miracles and sometimes productivity growth picks up and for reasons we dont understand but it happens. All straight ahead on bloomberg best. Michael hello and welcome, im michael mckey, this is bloomberg best your weekly review of Business News and interviews from Bloomberg Television around the world. Now, president Donald Trumps legisl