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The meeting and it is still on. Manus a warm welcome to bloomberg europe. Zurich for a in couple of days. Wobbling. Omewhere is as Martha Malone says you are asleep at the wheel, opec. Is rate cuts the right policy response . Nejra and how long can that little rounds last bounce last . Are you moving from survival to strategy . Manus the dollar seems to have taken a new lead. Take a look at the dollar, down for the fourth day in a row. Deutsche bank says it is time to sell currency. The biggest slide to. Dropping over 1 . Deutsche bank, 100 basis points by the end of the year. Goldman sachs, 100 points by the middle of the year. The oil market has a b ounce. For the 10 year Government Bond yield the probability of the fed going to the zero yield, i bring you back to 2008. The Options Market says it is unlikely you will g ....
United states and weak business in fixed investment. I sit at the time we should do modest limited adjustment to the fed funds rate. The other thing i was worried about is the curve was inverted and i felt it would be much better if we had an upwardly sloping curve. To me, the curve is a symptom that maybe our adjustments were about right it was not intended to solve these issues but intended to adjust policy in light of these issues. I think the curve being upwardly sloping tells me we are in the right place. Want to move on to the consumer because the fed is putting so much impact on the consumer. Beenl sales have decelerating. A november number was half of what the Consensus Forecast was. Our Bloomberg Economics team expected holiday sales to come in at a gain of 3. 4 , the second weakest of the cycle. What if your main engine of growth is starting to run out of g ....
In order to get that meeting. That really followed up on a public tweet from Rudy Giuliani in june where he was criticizing the Ukrainian Government for not having started an investigation into the bidens. Detailds an interesting to the focus on whether there was a quid pro quo. We expect the impeachment inquiry to dig deeper into the public hearings. These are transcripts and things we have had. We will have public hearings. What is important there . One of the witnesses will be william taylor. He was a temporary ambassador to ukraine who was handpicked by mike pompeo in may after the u. S. Recalled the previous ambassador. Reputation as a detailed notetaker. He has help filled in the gaps. We have some key earnings reports that are during well. Qualcomm put up a betterthanexpected outlook. Those shares are soaring. They did very well. The stock is up more than 10 . U. ....
Qualcomm up 8. 5 on a better earning quarter. Down 26 . No improvements throughout the session. Whoalked to the ceo earlier seems to not be worried but analysts on the street are calling out the unit. Airbnb, google not placing it as high in the search results and saying there is a lot of uncertainty ahead for expedia. Year is up by30 nine basis points right now. Were seeing a similar move over in the United States as these are substantial moves in the back end of the bond market. We are also getting several moves of the 10 year. The 30 year, absolutely i watering. As you can see, a nine basis points selloff here in europe in germany. The pound has been under pressure as well, two members of the governing council in the United Kingdom voting for a rate cut. Trading higher. We await news from the white house, confirmation possibly that we do have the potential for a rollback of ....
Leading economic indicator. David the big question is what can be done about the slower pace. We will come back to you and talk about that. First we want to go to david powell in london because we have German Service numbers not encouraging. David p. there was a downward revision to the servicing pmi for the month of september on top of an initial decline we already knew about. Evidence of a slow down in the Manufacturing Sector is spreading to the Services Sector , affecting the entire economy. David how much of this is trade , and if so what can Angela Merkel do about it, if anything . David p. germany is more exposed than any country in the world to international trade. It has one of the Worlds Largest ....