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Welcome. You are watching the polls live from Bloomberg EuropeanHead Quarters in london. I am guy johnson. We have a great lineup and we will be speaking exclusively to the finance minister. And the outlook and personalities behind the parties for the most famous spin doctor tony blair, a former campaign manager. The head of hsbc will be questioned over the tax evasion scandal. The lastminute decision by the treasury select came off of the emergence that he had held a Swiss Bank Account by a panamanian company. That starts at 2 15 london time and they will answer questions about tax avoidance and if the institution is too big to manage. Lets go to anna edwards on what we can expect from the treasury committee. Have we mentioned it is an Election Year . The mo ....
Welcome to countdown. Anna coming up this morning another bloomberg exclusive, we will go live to paris and speak to the ceo of j. Crew as they open their first boutique in the country. Mark and cather Qatar Airways chief executive talks about his rival delta. Lets get to one of our top stories, Chinas National Peoples Congress continues today. As was widely expected the premier set out an Economic Growth plan of 7 . Rosalynn joins us from beijing with more. What do you know about this figure . Rosalynn it indicates theyre trying to project a slowdown and are encouraging innovation which includes the quality of growth. Here in china. He has said in the past that he will tolerate a lower level of growth as long as enough jobs were created. If you look at last year, the growth hits 7. 4 and there were 13 ....
Broke out after the death of a black man in police custody. There were some tense moments after a false report that police shot a man yesterday afternoon. Last night on the late show with david letterman, president obama said event in baltimore and elsewhere have caused the country to address the issue of racism. President obama a lot of the things we have seen in ferguson or new york or baltimore have been going on for a long time. We are aware of it because when you see something on video it is a lot harder to deny and communications have improved. That is a good thing. Olivia the president said it is just a handful of police who have caused problems for their communities and other police officers. The imf is warning the eurozone you will have to take a haircut on greek debt. The Financial Times says the imf is telling greek creditors it may cut off support to greece unless they agree to write off significant amounts of soverei ....
The s p, you can see it is off about 89 points and the nasdaq as well. This is not bad considering the losses we saw earlier. It looks like the bulls have been defending their turf. The dow was down more than 200 points. Like it feels like it is an effective what is happening overseas. So you have investors piling into safe havens such as gold and treasures. Gold headed for its onemonth high. Here with us bill white, former deputy secretary of energy under president clinton, now the of then and author upcoming book americas fiscal constitution. What do you think is going on here . Is this a correction after the s p rose nearly 30 or part of a bigger route . I learned that you cannot week ofmuch for one market action. If you look at where we have been over the last six months, a year, if there had not been a break there would have been something fishy. Can you imagine investing in this kind of market . , companies ares pretty strong. Expect to see a bounce like we have had since the bot ....