A lot of the focus has been on what mr. Powell said yesterday and what we heard from the fed. We are seeing a bit of Movement Across the board. If you look at some of the european stocks, they are actually retreating after jay powell highlighted uncertainty about the economic rebound. We sought asian shares falling the most in a week. Treasury yields, that curve steepening slightly on wednesday after mr. Powell stopped short of offering specifics on the feds approach to the monthly bond purchases. Lets get straight to the bloomberg first word news. Here is leighann gerrans. Good morning. President donald trump is not happy with what he has heard about the terms of the oracletiktok deal, but says he briefed on the details on till this morning. Sources have told bloomberg that the Top White House officials have raised concerns about the proposal. They say it falls short of Satisfying National Security concerns. President donald trump says a Coronavirus Vaccine could be widely available a
Youre watching the pulse live from bloombergs European Headquarters. Were here in london. What have we got coming up for you . Well, getting the money shot. Meet the man behind some of hollywoods most daring aerial views. And teslas big review. Ll it unveil an electric car that reallies consumers interest . Really sparks consumers interest . The feds plan to keep rates low still seems to be intact. They are terrified. They dont know what to do. These are the guys we trust to run the Monetary Policy system. What do you make of it . Scared of their own shadow. Scared to have markets. Scared of the impact that we could have another tantrum are where treasury yields drop by 100 basis points or so. For me, it is that perverse reaction in the markets that grabs you. You have a u. S. Central that is concerned about europe. What we see in europe is not just a move in equity markets. It is a big move in the equity markets. The 10year yield could drop 10 , guy. No growth. No inflation. What can
Im guy johnson. Francine im francine lacqua. We are getting breaking news out of italy. Fourth quarter gdp figures, flat. Down some 0. 5 year on year. Guy not exactly the rosy outlook you would hope for, certainly not the progress you would have hoped for if you were mario draghi. Lets shift years and talk about what the central bank is going to do today. The recipient the European Central bank goes on tour once and a while and it is on cyprus today. Francine the ecb will talk about it bond buying program, how it deals with greece. Jonathan ferro is in cyprus for the meeting. John, over to you. Thank you very much, francine. That is the big focus today. Youve seen the markets react. What does it mean for the real economy and what does it mean for countries on the periphery of europe like cyprus eston mark joining me now is the former cypriot president , amanda took cyprus into the European Union. Great to have you with us this morning. Ive had a couple of people say the conversation th
Joined by an Award Winning economists and get his take on all of todays news. The president of the European Commission has ruled out the possibility of a great deal when leaders meet later this week. The greek government has expect awesome as experts has expressed optimism. Yanis varoufakis gave an indication of just how close he thought the sides were to reaching a deal. Yanis varoufakis i think we are very close friend or until the deal is done, nobody knows when the deal will be done. Could it be a matter of 24 hours . Yanis varoufakis lets say about a week. Francine for more on all of this, to berlin and hugs nichols. What did hans nichols and what did we learn. You had one side saying it will reach of the deal and a commission being more pragmatic. Hans that has been the dynamic for a long time. A great deal of optimism from the greek side. And the other side least optimism. The lease in berlin and then madrid. What we learned from varoufakis is he was any kind of deal in a restru