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
Present trump threatens to destroy north korea. Rocket man is on a mission to destroy himself and his regime. The United States is ready, willing, and able, but hopefully this will not be necessary. Vonnie here to talk more about these unusually stark pronunciations is Kevin Cirilli. He is in washington. Here in the studios is bill ferry. I have to start with you because we have heard this before with the fire and fury rhetoric that we heard. And not provoke as much as we might thought it would have. What is the difference . The u. N. Ally you go to and thats a body that was created for countries to work together. Some of the rhetoric we heard from President Trump was unusual in the sense that he said countries can go their own way, but one exception to that clearly for trump was north korea, which said the u. S. Is capable of wiping off the planet or destroye destroying. That is not a message frequently heard from a u. S. Leader. Vonnie he said this is hopefully not something necessar
Financials driving the premarket following those beats from goldman and Morgan Stanley plus, netflix sharpens its fangs. The streaming giants beats on subs and promises an 8 billion on original content next year. The stock is poised to hit all time highs. Trump versus insurers, the president calling out insurers and drug makers, both unh and j and y have results this morning. Well get to that. But we are going to start with the banks. Goldman sachs beating expectations as investing bext revenue rising 17 and morgan stan lids exceeley exceeds on td bottom line. Its a good time to be in the Wealth Management Business Revenue there nearly half of the total. Dont forget has the president tweeted how many electric trillions have been added . I like the fact that Goldman Sachs did not report disappoint on this fixed income trading ip hoping Goldman Sachs reads the release and comes out more positive on the Conference Call. Last time they had good numbers but they were very sir couple inspect
Beautiful sunny day in new york, and we have another record day for stocks, despite a not so stellar jobs report this morning. Were going to look at whether this is still an opportunity to buy in this market coming up in a little bit here. Its kind of a peppy song. We can just play it the whole time. Sure. Walmart shareholder day is underway right now. We have fresh remarks from the ceo in a few minutes. Google is out with details of its new ad blocker. We cant wait to talk about this, one option could be paying to see content without any ads. Wonder how thats going to play with certain millennials. Theres a lot to unpackage in that story. Life after professional sports, Franco Harris and Charles Smith from the nfl and nba respectively will join us from the exchange talk about transitioning into the Business World. We always ask our celebrity guests what their biggest money mistake was. Charles smith has made it his mission to help professional athletes transition into life after athle
Etf that tracks the chinese stock market. Lower now for eight straight days. Tracking for its worst month of the year. This all comes as Chinese State media warns of looming trade showdown with the u. S. How serious could this be, and which stocks could get caught in the crosshairs . Ambassador, we kick it off with you. First of all, the question is, is china a currency manipulator, have they been engaging in unfair trade, practicing for a long time. All arguments on both sides of the ledger. And no question that china has been accused and convicted of dumping steel, of dumping a lot of natural resources, dumping a lot of products. When you look at the currency, the chinese yuan, theyre not manipulating the currency. And chinese currency has outperformed a number of core trading partners of ours, relative to the dollar. I dont think they should be called a currency manipulator. And, in fact, they are now weathering their currency against asia and made that change last summer. That was