Mind lets go ahead and take a look at the state of the Global Economy and whats moving markets today with Todd Horowitz chief strategist at bubba trading and octavio c. E. O. Of optimists l. L. C. Thank you both for being here today octavia i want to start with you here i want to get your take on this Economic Data that we just talked about what do you make of this possible v. Shaped recovery in germany and with the rest of the eurozone facing inflation issues well off the e. C. B. As targets do you see the central bank injecting more stimulus to get things rolling. Well i think the projections coming from germany are new to the optimistic original the germans of being so minus the optimistic typically now their projections are predication quite a few things 1st of all theyre saying were not going to have further lock sounds and which means theres not going to be further outbreaks of covert im not quite sure how theyre able to make those projections i think the balance the risk in many
In the hot seat as the firm faces claims of Racial Discrimination well bring you up to speed on the latest lawsuits plus as the world handles dueling crises of the coronavirus and Global Economic slowdown greece and turkey have opened a new front for concern as tensions are high in the mediterranean with a packed show today so lets dive right in. And we lead the program with positive data out of europes largest economy in the German Government said tuesday their coverage is going better than expected issuing an upward revision of its Economic Forecast for 2020 german economic minister peter all meyer said tuesday the country is dealing with a v. Shaped of development. The recession in the 1st half of the year was less severe than we had and the upturn after the low and the peak of the restrictions has been faster and more dynamic than we had. However it is true that we are over the worst since may we have a significant recovery in the economy and in services in trade and industry we ex
Recession in the 1st half of the year was less severe than we can see here and the upturn after the low and the peak of the restrictions has been faster and more dynamic than we had. However it is true that we are over the worst since may we have a significant recovery in the economy and in services in trade and industry we expect the recovery effort he continues for the rest of the year. Germany is now predicting a contraction in Gross Domestic Product of 5. 8 percent rather than the forecast of 6. 3 percent anticipated in late april the government also expects growth of 4. 4 percent in 2021 meanwhile inflation in the euro zone turned negative in august for the 1st time since 2016 annual inflation for euro zone countries fell to minus point 2 percent in august from point 4 percent in july reported number is far less than the European Central banks target of just under 2 percent so with all this in mind lets go ahead and take a look at the state of the Global Economy and whats moving m
This is blue bus the one business show you cant afford to miss bourne washington coming up concerns about one in the European Union as inflation has gone negative for the 1st time in years amid the copen 1000 outbreaks while germany is looking at a v. Shaped recovery will dig into those numbers and fast food giant make donald is back in the hot seat as the firm faces claims of Racial Discrimination well bring you up to speed on the latest lawsuits plus as the world handles dueling crises of the coronavirus and Global Economic slowdown greece and turkey have opened a new front for concern as tensions are high in the mediterranean with a packed show today so lets dive right in. And we lead the program with positive data out of europes largest economy in the German Government said tuesday their coverage is going better than expected issuing an. Upward revision in its Economic Forecast for 2020 german economic minister peter all meyer said tuesday the country is dealing with a v. Shaped de
A plant. Pulling out thousands caught in the flood waters of chinas 100 provinces back on high alert after battling the corona virus outbreak. The u. N. Secretary general has warned that the conflict in libya has entered a new phase with foreign interference reaching unprecedented levels until hugo chavez was addressing a virtual session of the Security Council on the violence the head of the session russias foreign minister said hes in talks with his counterparts in turkey about a possible ceasefire this isnt the 1st time that a cease fire has been proposed while Khalifa Haftar said he would consider one after his forces began losing their major strongholds the libyan conflict has been fueled by a number of International Backers the u. N. Recognize government in tripoli has been backed by turkey all huffed are has had support from russia egypt and the u. A. E. Hes not on our side in libya. The conflict theres a new phase foreign interference reaching and dissident levels very concerne