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Tom good morning, this is bloomberg daybreak europe. Stock struggle for direction as investors eye u. S. Factory inflation data due today for fresh clues on the feds rape at the head. Apples biggest supplier is said to report. We will discuss what they mean and good thing about the help of the tech sector and john help economy. The clock ticks were tiktok, the fate of the Popular Video app is in the hands of the u. S. Senate after the house forces its owners to so or face a ban. Nasdaq ended lower by 0. 8 . As an be close lower. It was a press record for european stocks. The catalyst later today, Producer Prices out of the u. S. , whether or not ppi print out of the u. S. Confirms the stickiness that we saw in cpi, the Consumer Price index orbits a question mark over the sticky narrative. Retail sales and initial jobless ....
Peoples wagesism wages. It is very hard. If there is a little bit of inflation there is a way silent way of cutting wages by not giving a raise. So a little bit of inflation is healthy. But i didnt say there has been no inflation. Thank you all very much for coming out tonight. [applause] wednesday, booktv in prime time features books about drone warfare. Scott shane talks on objective troy. A terrorist, a president and the rise of the drone. Author Interview Program afterwards. He will be joined in conversation. Later that evening American University for new yorker staff writer investigation of the influence of big money and politics. Also joining us live on our three hour program sunday, march 6. Another taping this time with michael eric dyson. Race and the obama presidency. People sit down. That is a look at some of the author programs. Many of these are open to t ....
Obvious then, but these things are easier to see in retrospect. There is speculation in silicone valley but not like we had in 1999. So there are probably some inflation. Anyone else who hasnt asked a question . I will take one more from this gentlemen and then happy to sign books i want to follow up on something i heard you say. I thought you said since the abolition of the Gold Standard the dollar hasnt lost any of its buying power. No, i said it hasnt lost its power overseas in the world market. There was a terrible inflation in the 1970s. The rate of inflation generally has not been severe. It has lost about 2 a year except for that period. You can look at the figures like a dollar in 1920 is only worth 14 cents today. You know, that is really significant if you are around in 1920 and still around today. But life doesnt work that way. What happens is at a 2 rate it is barely noticeable and in some ways it is helpful. The one re ....
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