Jonathan for our audience worldwide, this is bloomberg surveillance. Your equity for our audience worldwide, this is bloomberg surveillance. Your equity market 0. 3 . Jackson how starts from now, a week from today starts from nowa week from today chairman powell speak. Lisa how much will he lean into the section. We will have highwe will have hg but not raise rates higher in the short term. Cuts are not in the threshold. Jonathan 5 5 world, on this d market we start with consensus behind the move of the past month. Consensus behind the move of the past month. Lisa now it is time to buy and save but still, this to me is the ultimate question. Will the fed not raise further but raise further but they will hold them straight for a longer time . Aside good or bad news . It has driven of concerns about inflation and deficit. About inflation and deficit. Jonathan and then you have china, what a week for the second biggest economy. Theyve been delivering fixes with currency. Based on the repo
Good morning. Welcome to Worldwide Exchange on cnbc from a chilly davos, switzerland, im sara eisen. Im wilfred frost. Good morning to you from me. Were coming to you from the World Economic forum in davos, switzerland. The annual gathering of Global Political leaders, ceos and policymakers. Yes, it is chilly, but a fantastic setting. A fantastic setting and a lot of news. Our guests this morning include jim coulter, he will join us in a few moments. At 5 15, Princeton University president Christopher Eisgruber will be here to join us. At 5 30, Stephen Pagliuca stops by. And a wide ranging conversation on the economy with nourie Nouriel Roubini. Another busy morning ahead on Worldwide Exchange. A lot of headlines to discuss. Heres the cover of the china daily. President xi here at the World Economic forum getting a lot of attention, not just in davos, switzerland, around the world. Here is his home, boost open economies, a defender of globalism. This is the front and center debate. Hug
Market and we saw the s p turned negative again for the year. Julie sort of bouncing around a bit today. Turning negative for the year once again. It looks like investors are looking ahead to the fed minutes this afternoon. They want more information on the thats next move and in waiting for the ash on the feds next move on the feds next move. The s p and our remain in the red today. And dow remain in the red today. The bestperforming group today as we see an increase in estimates for the fed to raise rates or moving. Orward of those estimates financials have been benefiting from that kind of you. Technology, relatively strong. Drop in Consumer Staples as well as Utility Telecom and discretionary. Target is part of the story today. Another retailer disappointing. Earningspershare actually beating estimates put sales weakening. Comparable sales up 1. 2 . One point 6 is what was estimated by analysts in the company Ceo Brian Cornell saying it is an increasingly volatile consumer environm
It is unbelievable. The sun is shining. Lets make some news, shelley . To town last night. You have been able to hear a bit about what people are saying. Talk about what people are saying, trust five years after the financial crisis, how is it that you think people trust banks so little . I am told we are the second least. Fortunately, we still have congress. News reporters are third. In all seriousness, this is the most damaging financial crisis since the depression, and maybe well before that with all of the home foreclosures, bank failures, and the impact that had on the global economy. T was devastating it takes a long time to recover the trust. It is not surprising. Is the industry not doing enough . The industry is doing a lot. Like what . You need strong institutions, so they are recapitalizing, cutting leverage. They started shedding businesses that were at the roots that got banks in trouble. Lets get more basic than that america does not understand when you talk about sheddin