As its new leader that makes him all but certain to replace a lobby as Prime Minister hes resigning jujube Health Issues will have a crisis on his hands. Yoshi he does sue god knows whats in store for him the 71 year old had been so obvious right hand man for over a decade serving the former Prime Minister as government Spokes Person it is now up to him to lead the country which finds itself in crisis amid the ongoing covert 19 pandemic. In the 2nd quarter japans Gross Domestic Product dropped by almost a 3rd private consumption a pillar of the economy worth about half of its g. D. P. Fell by 8 percent experts were down by almost a 5th. Experts are not expecting new economic ideas from your sheehy disregard he has already announced he would stand by his predecessors concept of aba nomics which has loosened Monetary Policy and fiscal stimulus through government spending. In the midst of the corona crisis the Economic Situation around the world is dire the results over the may june perio
Parker adam, its one of these times where if you look at the message of the market and try to figure out how its behaving, you give a lot of credit to saying that we have a pretty bright outlook, right, in terms of the broadening out of the market, the fact that we havent went down in a while. It feels like were scaling the wall of worry. Volatility has dropped if you try to figure out the fundamental inputs that substantiate the behavior, maybe its tougher in terms of valuation. So where does that bring you i mean, i think whats in my mind the rally earlier this year, i thought part of the reason were up is the bear case doesnt seem as likely, consumer real income is doing okay, you can get a job if you need one. So that explains to me some of the market rally, just a lack of the bear case. But i think in the last five or six weeks the lack of the bear case isnt the only explanation. Now its a more plausible 2024 or 2025 bull case, which comes down to, you know, fiscal stimulus for de
Business insider ceo is joining us this morning. A lot to get to with henry. First off, shaking off the amazon effect, shares of a number of retailers moving hire this morning, but all eyes are on best buy, 52 week highs after glowing past estimates on the top and bottom limenes. And sears and Williams Sonoma getting a best on earnings. Henry, this is interesting because so much obituaries have been written because of amazon. Some people are arguing are finding ways to move around it. Some are, no question. Its not like stores will disappear. The great irony is as this is happening, amazon is starting to open stores. But clearly this is just earth shaking behavior within retail and there are just different formats that are working. I think i figured this one out. Digging through some of the earnings reports and transcripts, i think its programs the Home Remodeling trend and the late federal refunds. You take a look at best buys report, online sales were up, but home theatre was up abou
Consensus within the fed which is if we see any sign that things are going back to normal we hike. Anna germany, and chinas growth, and a risk of nuclear war, the weeks best conversations cover plenty of territory. The majority of germans do not want to have a grand coalition again. It is not good for democracy. We had been marketing airbnb is a way for china to explore the world. That is not the biggest risk out there. Anna plus, the earnings drumbeat keeps pounding on. Look at the big picture, this was a good report for walmart. What they are now doing better is monetizing the user base. Oneword takeaway is affirmation. Anna its all straight ahead on bloomberg best. Hello and welcome. Im edwards. Anna edwards. This is bloomberg best, your weekly review of the most important Business News, analysis and interviews from Bloomberg Television around the world. The week began in an atmosphere of turmoil following days of heated rhetoric over north Koreas Nuclear ambitions and violent prote
Consensus within the fed which is if we see any sign that things are going back to normal we hike. Anna germany, and chinas growth, and a risk of nuclear war, the weeks best conversations cover plenty of territory. The majority of germans do not want to have a grand coalition again. It is not good for democracy. We had been marketing airbnb is a way for china to explore the world. That is not the biggest risk out there. Anna plus, the earnings drumbeat keeps pounding on. Look at the big picture, this was a good report for walmart. What they are now doing better is monetizing the user base. Oneword takeaway is affirmation. Anna its all straight ahead on bloomberg best. Hello and welcome. Im edwards. Anna edwards. This is bloomberg best, your weekly review of the most important Business News, analysis and interviews from Bloomberg Television around the world. The week began in an atmosphere of turmoil following days of heated rhetoric over north Koreas Nuclear ambitions and violent prote