This for bloomberg on the economy. I am going to lose the introductions this morning and get right to the moment. Weve got great markets. Yields higher, dow futures up 300, etc. No one is focused on anything but an update on this grim labor economy. Jonathan how quickly can this labor market hell is the question we ask every single month now, and we will ask it continually through the morning . Maybe we getting median estimate , maybe it comes outside of that. But the question hasnt changed. It is how quickly we will heal after a big downturn in a very short space of time. Tom a lot of opinions on that, and of course, as i was just mentioning, across the 10 of the american demographic, it will be a different rate of change for the haves and the havenots. And, what is so important, you nailed this a number of weeks ago, is the damage to the broad middle class. We are focused on the elites at bloomberg, and we are focused on maybe the people that service the elites, but it is a broad swa
Its the last attempt to get a lifeline and keep greece in the euro. German chancellor Angela Merkel says time is running out. Angela weve shown much solidarity with greece. Our last offer was very generous. In these time of challenges be it refugees or terrorism, europe can only keep strong and stand together if every country asumets responsibilities. Vonny they have to decide whether they can cooperate with cyprus and walked out of talks and called the referendum. Theyre trying to prop up the falling stock markets. Foreign investors are selling shares at shanghai listed stocks at a record pace. Vonnie obama warns it will take time and went for a briefing with the top military commander and called the fight against the Islamic State a generational struggle. President obama this will not be quick as a longterm campaign. Isil is opportunistic and it is nimble and many places in syria and iraq including urban areas, its dug in among innocent civilian populations. It will take time to root
That is the thing that we do not know yet. He will talk about housing, but listen for the e. U. Stuff. Tom guy johnson, thank you so much. Right now, lets get to our first word with vonnie quinn. President obama is trying to win over commerce in the public on a trade deal. He met yesterday with business and agricultural leaders. He said the video would boost exports by eliminating barriers. Agreementobama this taxes te 18,000 this agreement limits 18,000 taxes and tariffs. Most of them will fall to zero. Vonnie he must wait 90 days before signing the agreement. Then it will go to congress for an eventual vote. Russia might agree to u. S. Proposals for coordinating airstrikes against Islamic State in syria, according to a Russian Defense official. Midair. Wants to prevent confusion in syria. Russian flames have russian planes of already flown into turkeys airspace. The Obama Administration will release about 6000 inmates from federal prisons at the end of this month. The goal is to ease
Present move. That is clear. Whether or not it will suffice to get inflation which would be satisfactory is another story. Markets are betting that mario draghi will announce a Bond Buying Program next week at the ecb meeting. Another rally in oil and a did not last long. It rose on a 6 after relative strengthening. It was oils biggest increase in 2. 5 years. Today, prices have fallen almost 2 . West texas intermediate is trading under 48 a barrel. While bright for blackberry investors. Shares fell as much as 17 in extended trading after simpson denied report that samsung was in talks with to buy the canadian smartphone maker. Meanwhile, struggling Electronics Chain ready of shaq may file for bankruptcy protection as early as next month. That according to the wall street journal. Radioshack has lost money for 11 quarters in a row. This is beyond cool. After 19 days that is what amazes me most 19 days, two athletes consider what many considered the most challenging what many consider th
Im guy johnson. And im francine lacqua. Talks are ongoing between greece and the euro area today as the greek government looks to carve out a new bailout contract. Lets get straight to hans nichols in brussels. What is the most Important Development in the last 24 hours . Good morning, francine. They do have these technical conversations going on for a longterm program. They want to agree on all the numbers. Eu officials, technical advisors, and greek officials. They are going to have a political agreement. We dont have a political agreement yet. We have an agreement to go through the numbers and continue the negotiating process. They need the same data sets and that is why we need to have thats why it is important that you do have these numbers. Angela merkel is positive. She says that mr. Tsipras was someone that she could work with. We gave each other a friendly greeting. I congratulated him on his election win. I told him that from my side we want to work well together. We will tak