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June 21, 2024
Low why chinese standards. Any other country would love to forect that rate of growth, but for the worlds number two economy, its the slowest expansion in a quarter of a century and a sign that this Global Economic powerhouse better get used to saying goodbye to double digit growth. Trying to manage expectations the premier said Slower Growth would become the new normal for china, noting that downward pressure on chinas onomy is intensive dying. The chinese flag is raised in front of the great h...
June 21, 2024
Chains are struggling, many customers are coming in for the meat. It is Market Makers here on Bloomberg Television. I am Erik Schatzker. Stephanie i am stephanie ruhle, and im glad we are starting today coming in with the meat. Coming in with the meat . Erik coming in for the meat. Stephanie you know what we need now, a bulletin. Erik abbvie has won the battle for pharmacyclics and will buy the company. It makes a blockbuster blood Cancer Treatment that cost 100,000 a year and has been approved ...
June 21, 2024
Welcome to countdown. Obama says he is ready to walk away from a nuclear deal with iran if it does not meet his conditions. We will bring you the latest on the talks. Plus the reaction in tel aviv. Lets start with europe. Stimulus and greece. Mario draghi launches his fight against inflation in the eurozone with an Unprecedented Program of qe. The ecb begins its Asset Purchase Program amounting to 60 billion euros a month. The greek finance minister said if the countrys creditors make requests t...
June 21, 2024
That they can bring inflation to their target and also start to infuse growth back into europe. Meanwhile, tensions erupting once again in greece. Good we see the antiausterity government setting themselves a referendum . Only been in power since january. The latest proposals they sent through to the eurogroup doesnt cut the mustard. Meanwhile, the United States still reeling from the very strong jobs data we got on friday. That sent shares lower because it means we are likely to start seeing ra...
June 21, 2024
There is divergence with the rest of the economies. You have china cutting rates and the ecb buying bonds. All of this is to inflate the global economy. You have the United States starting to rain back and increase Interest Rates. That is on every investors mind, as is greece. We have the ecb and the imf to getting talks in brussels and creditors going over to athens tomorrow. Lets have a look at the effect on the currency market. It was the first to react to the speculation on the reserve raisi...
June 21, 2024
Lowest level in four months after retail sales were little changed in april. Stephanie alibaba announced they would be working with walmart allowing customers to use it mobile payment service. No cars, check out with a beep of your smartphone. Increasing prices in japan, australia come over the course of the next year. The new yorkbound amtrak train that derailed into philadelphia was traveling at 106 mile per hour just before the accident. That is more than double the speed limit. Go pro billio...
June 21, 2024
That will be pretty interesting to see. To that end, to the traders have an interest in taking these indices slightly higher . We have drugs on the move. And it is up 1. 1 . The u. K. Housebuilder raising the dividend. The stoxx up. Stocks up. And they have a lung cancer drug. It is a lung cancer drug with a survival rate exceptionally well. Syngenta up. Reuters says the deal depends on the sale of the business. Bloomberg intelligence gives a little more depth to china, europe, and the u. S. Ant...
June 21, 2024
Profits sending shares to the top of the french markets. And continental raises its out look. A double digit jump in profits. Well be speaking to the group ceo in the next hour. Youre watching Worldwide Exchange bringing you Business News from around the globe. Now welcome to the show. We just got some breaking data on italian gdp. Its come in as expected for the quarter. For the year of 2014 for the final quarter at 0 for the full year minus. 5 . It was expected at. 3 . So the full year figure ...
June 21, 2024
Lacqua. Guy talks continue between greek officials and the imf. Pressure is building on the Greek Administration to present a plan to gain access to more aid. Yesterday, greek finance minister varoufakis lamented the loss of the drachma. I wish that we have the drachma. Make no mistake. This is not a statement that i want the drachma. I wish we had the drachma. I wish we had never entered this monetary union. I think all Member States of the eurozone would agree with that now. It was very badly ...
June 21, 2024
Unorthodox unorthodox. They are, in fact orthodox and they are in the Central Banks tool box for a reason. Stocks in focus, a deal with netflix could be sending it near the top of the european market. Changing channel reports say uni vision is getting set for an ipo in one of the biggest media deals in years. Welcome back to the show everyone. Lets take a look at futures because we did see a major sell off on wall street. Yesterday stocks across the board getting pressured by fears over a potent...