A great market. Do room said it is mad that the dow passed 30000. 00 and current circumstances. I said no equity prices reflect future, not past 2021 will be a great rebound. Im optimistic. U. K. Stocks, especially under price. So engine yell like everybody else. What people are expected to do with the participants and economy are expected to do through fed speak through the fed manipulate in prices, is that theyre supposed to think that these are the animal spirits. The fed tries to incur, well responded. Actually, stocks are mostly being driven by global q e, quantitative easing, which really has one major purpose, which is to raise asset prices. Weve been talking about this for a while day by far is one of the central bankers who speaks openly and honestly about whats going on here. So who governs business along over there in the u. K. . Doesnt want to recognize that stock prices are a function of money printing. In fact, how much our stock price is a function of money for entering.
Stocks, especially under price. So engine yell like everybody else. What people are expected to do with the participants in an economy are expected to do through fed speak through the fed manipulate in prices, is that theyre supposed to think that these are the animal spirits. The fed tries to incur, well responded. Actually, stocks are mostly being driven by global q. E. , quantitative easing, which really has one major purpose, which is to raise asset prices. Yeah, weve been talking about this for a while. David blanchflower is one of the central bankers who speaks openly and honestly about whats going on here. So who covers business a lot over there in the u. K. Doesnt want to recognize that stock prices are a function of money printing. In fact, how much our stock price is a function of money for, according to recent analysis, about 50 percent of the dow jones is attributable solely to money printing from earnings, which are in fact going down. But from stock buybacks and other tri
But i think when youre better for the world youre better for israel to halt to this office us hard bargain is very different from trump trying to bully dos and wanted us to appease him as well as many. Countries with a historically difficult relationship with the u. S. But in selection of burkes little hard. For the future development of the china u. S. Relationship trump didnt do a good job i dont hold much hope for biden turn. But im. I do but im a drummer we talked about improving relations with russia but it didnt come to anything. When you deal with biden is openly against russia. Or for a here. All eyes are now on biden and what changes he may bring to foreign diplomacy for the us. And lets get more now we are joined by did i use your ear shadow who is standing by with the view from moscow yury the kremlin has been remarkably quiet to silence speak volumes. Hi sara well we have no official reaction from the kremlin so far youre right russian president putin only commented once on
Republican leader Mitch Mcconnell says President Trump is right to protest the vote cap. The u. S. Sanctions more people in hong kong over chinas increasing control. Washington has suspended its treaty with hong kong and ended reciprocal treatments on shipping. Haidi lets take a look at this market situation we are setting up for. It is firmly risk on after all the really bullish view overnight on account of the high efficacy from the biotech vaccine. Asx 200 trading higher by 1 10 of 1 . It is a handful of asiapacific markets there is or going into overboard territory. One of those is new zealand. We are seeing kiwi stocks of about 9 10 of 1 . We have the rbnz decision ahead of us this week but that market is up now for six consecutive sessions. Nikkei futures reversing pretty dramatically at the moment. Above looking at opening 25,000 for the first time in 30 years. Trading at thell highest since november 1991. A quick look when it comes to u. S. Futures as well. S p active futures u
He challenges are credible story starts december 10th, g. W. Can the e. U. Agree on a fiscal response to the code 19 crisis National Interest on the new budget, which includes a much needed 751000 rescue funds . We talked to a number of germanys Economic Council also coming up a sooner than expected vaccine approval. We get some reaction from the Trading Floor deal or no deal. Time is running out for brussels in london to ensure its trades come january the 1st along. Welcome to do business on want to get johns in berlin. Good to have you with us. Well, your leaders in brussels today are trying to fire. Emily, reach an agreement over the blocks, coronavirus Pandemic Response and possible Financial Aid for the hardest hit Member States. Hungary and poland have so far blocked approval of the e. U. s budget, which included a 750000000000. 00 euro coleridge recovery fund. As the political wrangling continues, Member States have adopted their own fiscal stimulus measures to support their eco