A i will tell you so much to get to so lets get started. Ahead of the World Economic forum in davos today the i. M. F. Has tremendous Economic Forecast for 2020 from 3. 4 percent to 3. 3 the downgrade was issued on the back of weak data at the end of 29000. 00 led by india slowing growth and credit squeeze this is the i. M. F. 6 straight reduction though its cautiously optimistic that Global Growth may be stabilizing at subdued levels Manufacturing Activity and global trade have bottomed out but the im not warned that the Global Outlook remains on the downside additional risks include rising geopolitical tensions between us and iran and higher Tariff Barriers between us and its trading partners most notably china mark conflict is a rising between france and the u. S. Over the new french general attacks targeting Big Tech Companies and this poses a big risk if it is not resolved davos as italy the u. K. Turkey and other e. U. Countries are likely to follow frances lead. The i. M. F. Upg
Secretary Steven Mnuchin on the u. S. Economy and Financial Stability. He talks about Digital Currency, World Bank Lending at the potential impact of Climate Change. Ready to go . The committee will come to order. Without objection, the chair is authorized to declare a recess of the committee at any time. This hearing is entitled promoting stability, reviewing the administrations regular approach to Financial Stability. I want to inform all concerned that this meeting will end at 1 p. M. Per the request of the secretary. I now recognize myself for four minister give an opening statement. So let me welcome back secretary mnuchin. Today we are here to discuss the Trump Administrations actions that have undermined and not promoted our nations Financial Stability. As ive said many times before, i am very concerned about this administrations actions to eliminate important protections for consumers, investors and our economy. It appears that our banking regulators are following that te dereg
Neighborhood . You can see the winds on the ferry building. The flags unfurled because of the winds. Waking up mild this morning. We knew this would be the wildest morning. Upper 50s to mid 60s at 7 00. It will warm quickly at noon, 70 at the coast, 80 elsewhere, then the breeze kicks in. We stop in the upper 60s at the coast, low to upper 80s just about everywhere else. Back to the 60s and 70s by 7 00. Its almost here. We will turn it over to frances and talk about that morning commute. Were tracking this accident in vallejo on eastbound 780 gle glen cove. A lot of cars off to the righthand side. One of the cars took out some guardrail. Traffic is a little bit read. Well keep an eye on that. Northbound 101 in sunnyvale has been jammed about 11minute delays, some road work at fair oaks. Maybe take city streets or 280. Heres a live shot of 680 in walnut creek. We had a lot of slowing earlier. There was some road work, it also looks like there was report of an accident earlier. Southboun
Saying low rates are to blame. Basic change are the Interest Rate environment as well as the general macroenvironment we have seen pressure on margin rates and customer activity. Thats why we are not going to see higher revenue and a whistleblower report alleged President Trump abused his power on a phone call with a foreign leader and then the white house then tried to cover it up. Good morning, commerzbank has formally approved the latest overall. My colleague is with us live from frankfurt what did the angels have to say . I had to ask him why now because clearly the Interest Rate part was pretty much clear already when they had their last quartly earnings in august it took them some time to realize what it is going to mean also for their revenue out look. The bottom line is because of the Interest Rates and easing cycle and also the out look in the economy and revenue guidance this year was too optimistic i had to ask him why now and whats the biggest drag. Take a listen to what he
Trade deal, but is focused on unrest first. Blocking a no deal brexit. Jeremy corbyn asks the rival party to support him as Prime Minister in a coalition to block Boris Johnson from pursuing a no deal brexit. Welcome to daybreak europe. Hit a record low yesterday and continues slide today. Below 2 for the First Time Ever. We continue the inversion, but will it stick . Does it mean you want to stop taking risks off the table straightaway, or have you got 18 months to consider . That is the question for the markets. Yesterday we saw a riskoff with the s p 500 dropping 3 . The dow having its first route of the year dropping 800 points. We see stabilization in futures today. Its not all about bond mageddon. Bond carlsberg is out with earnings today. It is going tog initiate the brew were brewer saying it is going to initiate buybacks. Outlook onsed that august 8. In terms of the first earnings, income was 30. 4 billion krona. 5. 17 danishas krone. Net income and ebit are both out. Sales is