Different kind of fed narrative evolve this year. There has been some rising angst but still some cuts are on the table. There is a little bit of froth and maybe it is deserved as you see powell shipped his narrative to things that allow him to cut. The important thing is that the fed and markets are nsync after being out of sync. The fed has actually been a lot more optimistic about rate cuts over the last few years. Announcer this is bloomberg surveillance with jonathan ferro, Lisa Abramowicz and annmarie hordern. Jonathan the third hour of surveillance begins right now. Live from new york city this morning, good morning. For our audience worldwide, this is bloomberg surveillance. Your equity market and little bit softer, the headlines are solidly elsewhere. Can year yield vent new highs for 2024 and reflecting on the data yesterday, strong upside surprises for u. S. Manufacturing. One question weve all got, doesnt derail the prospect of rate cuts any time soon from the Federal Reser
Among the speakers is Caroline Atkinson who previously served as Deputy National security advisor for International Economics under president obama. She joins other policy advocates to talk about the role of the world bank, enhancing the climate industry and the impact of Climate Change and global development. This runs an hour and a half. Welcome to this discussion on how to strengthen the corporation in a fragmented world. My name is gillian tett. I am delighted to be joined with a truly wonderful cast or talent as they say to discuss this. On my far left, youre right is Caroline Atkinson. A longtime veteran of the global geopolitical scene. Next to her is vera songwe. A veteran of the Global Corporation and is involved in championing the voices of the nonwestern world. Next to her is xian zhu. Another luminary in the institutions. On my immediate left is dr. Nancy lee who has kindly stepped in for a member but was unable to join us today. She has recently been part of an interesting
And a half. Good afternoon, welcome, everybody to the discussion on how to strengthen cooperation in a fragmenting world. My name is julian, im both columnist at the Financial Times and provost in Kings College in bam bridge and im delighted to be joined with truly wonderful talent as they say earlier and many are known to you all, on my far left carolyn atkinson, adviser in the Obama Administration and very longtime veteran of the global geopolitical scene and efforts to try and create Global Corporation. Next to her via phone way, adviser to the is and cdd and who is also a veteran of Global Corporation and is particularly been involved in championing the voices of the known western world one might say. Next to her is gugian, president of the iff and ferrerly of the world bank. Again, another senior in the institutions and on my immediate left, your right is dr. Nancy lee who has very kindly stepped in for matthew who has unfortunately unable to join us today and having just been par
Tim has an interesting explanation for that. First, on a day that saw the dow break 18,000 for the First Time Since july, the results were seeing from netflix and ibm and morgan stanley, justifying the fierce rally we have seen in stocks. Steve grasso . I dont know if its justifying it. I think yellen, the fact that the job is pitting everyone into equities. I dont think shes done a great job for the overall fed. But i guess if you gauge her success on equities, shes done an amazing job. I think you get tired seeing whether utilities outperform. The sell the news event with opec, it happened too quick. The selloff in about 12 minutes. It wont realize positioning. It had to get long again. Dan, i said to you before, earnings are going to be lame at best and the dow is going to top 18,000 and close above it for the First Time Since july, and the beginning of midapril. You probably would have told me you were crazy. I think steves wrong, and i dont think youre wrong too often, steve, but
Could members of the media please move out of our way so we can begin the hearing . Mr. Horn, you can sit in that chair. Thank you. Thank you and good morning. We now convene this hearing of the oversight and investigation subcommittee on volkswagen emissions cheating allegations, initial questions. Let me start off by saying my first car was a volkswagen. It was a 76 beetle. I learned a lot about cars. I could take that thing apart continued to work. I did all the maintenance myself because volkswagen had a legacy as the peoples car to be people friendly. I loved that car. Loved it a lot. Not so much as to call it brad, but i loved that car. But i trusted the car to get me around. I trusted volkswagen would continue to build a reliable car. That word trust alone as you know is the key factor in Building Customer loyalty. That trust is what helped build volkswagen because we believed its company looked out for customers first. Then three weeks ago car owners around the world were shock