Dow 30,000. 2009,were you march 10 of while you were up 16 per year on the dow . Spx i believe better as well. There have been reasons along the way to go to cash, and yet here we are with solid doubledigit returns across 13 years. Jonathan and some houses got it right. One of those houses, Morgan Stanley. It was really uncomfortable to make the call coming out of march 2 remain committed to the recovery in the u. S. Economy. It took some real confidence, and one thing that has frustrated me over the last couple of months is every time someone says the easy money has been made. There was nothing easy about going long in early april during lockdown. Lets be clear about that. We are going to keep this short with mr. Wilkinson keep wilsonort to get mr. Of Morgan Stanley, but we are not even seeing the version of those trends, are we . Jonathan not yet. Bank of america proposes holding the bonus pool flat for traders, this on a year where in the first of nine months, revenues or bank of am
For our audience worldwide, this is bloomberg surveillance. Alongside tom keene and Lisa Abramowicz, im jonathan ferro. The s p is positive by 0. 2 . It felt like we were on the brink of a full Ground Invasion all we can. Tom im using the Live Services of all the different news sites and it just migrates forward, waiting. Waiting for what . You could see the politicians. I think the most interesting, jacking near to keep their options open. Jonathan we intended to follow this war through the weekend. Rockets fired at tel aviv and some in israel as well. Back channel talks between the United States and iran. Lisa there is a feeling of a frantic diplomatic relation, the idea of iran, who does not have any formal relation with the u. S. Having back channel talks, also having back channel talks in some capacity with israel. Nobody wants this to percolate out of control. And yet the pressure keeps building and no one can come to any resolution at a time where there are hostages, strikes and
The u. S. Central bank doesnt want to risk overtightening and adding that the fed is at the end of the hiking cycle. The death toll from the israelhamas war is claiming 1,500 lives as they prepare to mobilize 300,000 reservists. And countrygarden is warning it is unlikely the company will be able to pay the remaining debt obligations. After resilient start to 2023, Global Growth is expected to slow this year and next according to the latest projections by the imf. The outlook released a moment ago, the fund says the United States is on track to exceed prepandemic growth with gdp expected to rise 2. 5 this year and 1. 5 next year. China is expected to lag behind. Global headline inflation is set to decline from the peak from last year to 5. 9 in the Fourth Quarter of this year and fall further below 5 in 2024. This World Economic outlook came out a few moments ago. It is long. Sylvia and i have had time to piece through it. I want to bring your attention to the title. Navigating global
Warnings from the i mess of the Global Economy. Risk sliding into recession next year, blaming factors, including the warn ukraine inflation and china, 0 cove and policy. Ah, hello, i money inside this is out there and live from joe was so coming up it says its reevaluating its relationship with saudi arabia off to the opec plus decision to sharpie cocked oil Output Energy ministers, me to find ways of dealing with soaring gas prices, and Reach Agreement despite shop divisions and the residence of a small village in indonesia believe they just might have the secret to a long life. Ah, alone welcome. The International Monetary funds says, well, things have been bad for the Global Economy. The worst is yet to come. The i m f has caught its Global Growth full cost for 2023, saying that for many next year would feel like a recession emitter war in ukraine, and the cost of living crisis. Alan fisher reports from im f headquarters in washington dc. Its a dark time for the Global Economy. Fro