Downgrading most advanced economies. You can see right there, these numbers 3 for the world, 2. 4 for the u. S. , 1. 2 for your area, 6. 1 for china. These are all down you see there from the prior forecast and also mostly except for japan down from last year. The imf saying in its report, Downside Risks elevated. Brexit related risk to hinder confidence and growth. Theyre down on this trade issue. Very quickly, they do see something of a moderation next here in 2020 we go back up to 3. 4 it isnt the advanced economies this get there theyre looking for a turn around in emerging markets and developing countries four things the imf notes needs to be done theyre saying International Response may be needed if things get worse from here. They say Monetary Policy cannot do it all. There is a financial risk created from low Interest Rates there. Fiscal measures to help with the slowdown along with structural reforms. Carl that is big news, steve were going to dissect a lot of that with the ea
Crucial vote later today we want rules based order because we know it is better for all of us. We have to do it the european way. The european Financial System marks the 75th a anniversary as one of its keystone institutions looks ahead to transition. Well speak to david lipton in his first broadcast interview since assuming the acting managing director role good morning ursula van der leyen has told meps that the continent must stick to its free market rulebased traditions in the face of a changing Global Economy. In her pitch before the European Parliament in strasburg, she said the eu must be able to hold its own with the likes of the u. S. And china with that, lets get out to david lipton who joins us from paris where the bank of france is marking its 75th anniversary. Last time we spoke was a couple month months ago since then theres been a few developments on your side, namely your former colleague, madam regard lagarde will be moving to the presidency of the ecb. Can we give an
Shift in how we approach trade. Nonetheless the market not too concerned, off, up 14 points. I want to go to blake burman at the white house with more on all of this. Reporter trish, let me explain to you what i think, what i think i heard there. That was president taking questions from the media who were inside this event with the president announcing the new tariffs that he has imposed. Normally what happens here, they play out the questions first, and then the broader thing that the president bucks about after that. I talks about after that. I believe it is eight minutes. Well hear more down the line. A couple of difficult stories, what you heard from the president there as it relates to the Mueller Investigation, department of justice officials confirming to fox, as you just heard from President Trump, the attorney general, Jeff Sessions had met last week with muellers team as part of the investigation into russia. What we can tell you is, the interview lasted for several hours. As
Statue of liberty, there is a poem by m. Lazarus who says bring me your tired, your poor, your huddled masses wanting to breathe free. 12,000 refugees at displaced population of almost five million. Weve seen these heartbreaking pictures of children who are being killed. And think about i guess were talking about 400,000 syrians being killed in this. What about what our and b is as human beings what our obligation is to other human beings. These are people who are fleeing isis. These are people are fleeing an assad regime that uses poison gas against civilians. The u. N. G process is first, refugee, first vets people hands them to us. Average a over on year and a half before we vet them, is that correct . Yes, thats correct, senator. Senator franken and have we had any dulls that came over in syria engage in some sort of errorist plot . No, senator, not to my knowledge. Senator franken you know, my grandfather came from russia. He arrived and saw that on the statue of liberty. He was o
Yesterday, the best day since april. Road map begins with wells fargos john stumpf back on the hot seat today as he heads to capitol hill. There were fireworks at last weeks grilling. What can we expect today . Well have the latest news on viacom. National amusements is out with that letter saying, hey, cbs and viacom try to get a deal where both of you get together. Shares of pepsi getting a boost on earnings this morning. In a few moments well talk to the cfo in a cnbc exclusive. But first, wells john stumpf heading back to capitol hill after being grilled by senators last week on the banks unauthorized account scandal. In an hour from now hell appear before the House Financial Services committee. During q a yesterday, Committee Member lynch complained about bank execs getting off the hook. I think theres value in just getting after them. Just getting out. I dont care if you get a conviction or not. Just get after them. And make their life hell. We got to create a disincentive in thi