0
0.0
Apr 9, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
it will go abroad, according to janet yellen. so she made that warning about flooding the market with cheaper subsidized goods under xi jinping's industrial mandate. but again, what is beijing going to do when consumer confidence and consumer spending and the domestic economy is sputtering? again, there will be a lot of debate on this going forward as it is an election year here in the u.s. and donald trump threatening further tariffs on chinese goods if he were to come back to the white house. you asked about the chinese response. in a commentary friday, they blasted yellen's xenophobic narrative of china's excess capacity. they said it smacks of creating a pretext of rolling out more protectionist policies to shield u.s. companies. he also heard from the vice finance minister who pushed back saying the current production capacity is far from meeting market demand. he was talking about green tech energy products like batteries and ev's, which i believe peter elstrom is here to talk about after me. paul: he is and we will get to
it will go abroad, according to janet yellen. so she made that warning about flooding the market with cheaper subsidized goods under xi jinping's industrial mandate. but again, what is beijing going to do when consumer confidence and consumer spending and the domestic economy is sputtering? again, there will be a lot of debate on this going forward as it is an election year here in the u.s. and donald trump threatening further tariffs on chinese goods if he were to come back to the white house....
0
0.0
Apr 7, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
they seem to like janet yellen. she is viewed as a scholar to them and seems to be warmly received everywhere she goes, even in the private meetings. official said there were no points where arguments got heated. we sometimes see that and we had commentary from the state agency that had a more caustically worded tone. that's a side channel, but directly with janet yellen they used kid gloves and continued the ceremonial parts of the visit. janet yellen was given a special tour of the forbidden city in beijing, which is very rare, especial thing given to some vips that are visiting. so they're trying to keep the tone very positive despite the u.s. criticism. paul: you talk away janet yellen has been received in china. she has spent a lot of time building ties, but could this be her last visit? chris: it would be surprising if she came back again as treasury secretary. this term for the biden administration will end in january and she is unlikely to carry on as secretary, but that does not mean talks will stop. she wi
they seem to like janet yellen. she is viewed as a scholar to them and seems to be warmly received everywhere she goes, even in the private meetings. official said there were no points where arguments got heated. we sometimes see that and we had commentary from the state agency that had a more caustically worded tone. that's a side channel, but directly with janet yellen they used kid gloves and continued the ceremonial parts of the visit. janet yellen was given a special tour of the forbidden...
0
0.0
Apr 9, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
not everyone agrees with janet yellen. bloomberg opinion columnist david thinks her viewpoint is a protectionist disaster that could muddy done that zero omissions. yellen's complaints go against 200 years of economics, what is the problem? >> this is one of the most well attested arguments, doctrine of competitive advantage. janet yellen did an interview with the wall street journal where she said standard textbook economics would say if a country is selling you cheap goods you should buy them and send your thank you notes. i do not agree with that anymore is a paraphrase of what she said. this is a well attested lesson, a standard thing. look at tesla 10 years ago when they announced their first gigafactory and said they would produce in one year more batteries than the world produce the year before or go back and look at henry ford building the first modern factories and ford plants in detroit. this is a standard pattern in capitalism. if you think you have a competitive decision, you build capacity and that is what we
not everyone agrees with janet yellen. bloomberg opinion columnist david thinks her viewpoint is a protectionist disaster that could muddy done that zero omissions. yellen's complaints go against 200 years of economics, what is the problem? >> this is one of the most well attested arguments, doctrine of competitive advantage. janet yellen did an interview with the wall street journal where she said standard textbook economics would say if a country is selling you cheap goods you should...
0
0.0
Apr 8, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
what have we heard from yellen? we know this is a charm offensive. she wants to boost relations and also curb exports from china. >> haslinda, this is her second visit in the last nine months to china. janet yellen has a reputational being not so hawkish on china in the biden administration compared to other members of the u.s. administration. if there is anybody who can deliver a message to the chinese and get some sort of good response, it should be janet yellen. she has been there since friday. we just saw a meeting with premier li qiang. that was at the great hall of the people yesterday. that was actually not on the original schedule. still today, she's meeting with the pboc governor. she's also going to be meeting with the former vice premier, who was also the former economic czar, still very influential. a key part of her message has been the threat china poses to other economies. as the chinese economy has slowed because of the real estate crisis and the chinese government has responded by boosting investment in manufacturing. janet yellen's
what have we heard from yellen? we know this is a charm offensive. she wants to boost relations and also curb exports from china. >> haslinda, this is her second visit in the last nine months to china. janet yellen has a reputational being not so hawkish on china in the biden administration compared to other members of the u.s. administration. if there is anybody who can deliver a message to the chinese and get some sort of good response, it should be janet yellen. she has been there...
0
0.0
Apr 8, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
paul: bloomberg's chris with janet yellen in china. chinese developers says china construction is winding up a petition in hong kong. petition involves a financial obligation of more than 200 dollars. loretta chen joins us from hong kong. we are learning more about the company saying it will oppose it, so where do we had from here? loretta: good morning. they used to be a major developer in china, their facing trouble including a petition from china construction bank. we are seeing these petitions piling up in the past year for developers. the most high-profile case we've seen is china evergrande which was liquidated. creditors are emboldened by the move of the hong kong court to liquidate and the risk of these companies getting a liquidation order is higher than ever. so what they were noting was that developers that have the most assets, sure mall has a lot of projects. hong kong and overseas. that makes it an easy target for creditors because they can -- the banks secure lending so they claim assets. on the other hand, two weeks ago
paul: bloomberg's chris with janet yellen in china. chinese developers says china construction is winding up a petition in hong kong. petition involves a financial obligation of more than 200 dollars. loretta chen joins us from hong kong. we are learning more about the company saying it will oppose it, so where do we had from here? loretta: good morning. they used to be a major developer in china, their facing trouble including a petition from china construction bank. we are seeing these...
0
0.0
Apr 5, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
treasury secretary janet yellen. she is trying to strengthen ties between the two countries, it is a crucial moment. this is one of the last few opportunities to strengthen those ties before the u.s. election, which is becoming a battle to who can be tougher on china, but janet yellen chiding the chinese government for which he called the unfair treatment of american and other foreign companies, also called in on beijing to return to the premarket reforms of the past saying chinese capacity is more than the global economy can bear. overcapacity for china becoming problematic now. we will keep across the rest of her four day visit to the country. europe has swapped russian lng for supply from the u.s. we will bring you a deep dive in europe's natural gas outlook and what it means for the energy transition. this is bloomberg. ♪ lizzy: time for our weekly deep dive into the green energy transition, europe is made it through winter with record gas storage levels and reduce reliance on russian gas committed instead to u
treasury secretary janet yellen. she is trying to strengthen ties between the two countries, it is a crucial moment. this is one of the last few opportunities to strengthen those ties before the u.s. election, which is becoming a battle to who can be tougher on china, but janet yellen chiding the chinese government for which he called the unfair treatment of american and other foreign companies, also called in on beijing to return to the premarket reforms of the past saying chinese capacity is...
0
0.0
Apr 9, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
stephen: there were a couple of prickly issues janet yellen brought up. and that quote about russia's letteri capacity and the potential aiding of that from beijing. there are no allegations but just a warning. the treasury department telegraphed both for janet yellen went for this visit to beijing and that was the concern that subsidies from the government in two priority industries essentially new energy vehicles, high-capacity batteries and solar equipment will eventually flood the world with cheaper products as china works off its excess capacity and excess inventories at a time when the chinese domestic economy is sputtering and not soaking up that mistake manned. xi jinping highlighted at the national people's congress putting emphasis in new productive forces including new industries that will not slow down and there will not be an abatement in investment because that is a strategic priority from the top border from the government in china. it is a catch-22 for the united states. they will raise these issues no doubt but again, what can china do at
stephen: there were a couple of prickly issues janet yellen brought up. and that quote about russia's letteri capacity and the potential aiding of that from beijing. there are no allegations but just a warning. the treasury department telegraphed both for janet yellen went for this visit to beijing and that was the concern that subsidies from the government in two priority industries essentially new energy vehicles, high-capacity batteries and solar equipment will eventually flood the world...
0
0.0
Apr 5, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
yellen this morning making her way to china. and we will bring you the very latest from the ground from our correspondent. are exclusive interview with the president of global satellite mutations company viasat. we discussed their business strategy for the aipac region and their recent acquisition. but first, are exclusive with the argentinian president as he strikes a more pragmatic tone on china after previously calling the country an assassin. that is next. keep it here with us. this is bloomberg. ♪ do you want to close out? should i? normally i'd hold. but... taking the gains is smart here, right? feel more confident with stock ratings from j.p. morgan analysts in the chase app. when you've got a decision to make... the answer is j.p. morgan wealth management. ♪ haslinda: welcome back. argentinian president javier milei is striking a more pragmatic tone when it comes to china. just six months ago, he had threatened to curb ties, calling the asian nation an assassin. javier milei spoke exclusively with bloomberg's editor-
yellen this morning making her way to china. and we will bring you the very latest from the ground from our correspondent. are exclusive interview with the president of global satellite mutations company viasat. we discussed their business strategy for the aipac region and their recent acquisition. but first, are exclusive with the argentinian president as he strikes a more pragmatic tone on china after previously calling the country an assassin. that is next. keep it here with us. this is...
0
0.0
Apr 8, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
we think you for that update on yellen's visit. let's get to the middle east now where israel is pulling some troops out of southern gaza as hamas passes the six month mark. chris coons says the move is likely a tactical decision case hezbollah or iran attack. we can bring in roslyn matheson for analysis. what is behind this move and does it affect potential fights there? quick they have been fighting in gaza for the better part of six months. there is probably some truth in that. there is also the reality they like to reinforce their trips in the north of israel. that is where he has blessed hands attack from lebanon. all of this in the aftermath of their airstrike on the every need to plan a compound in syria. there have been repeated warnings from iran in some sort of allegation. there is a possibility of step activity. they are also pulling that back out because they want to be able to move palestinians in that area. none of this suggests a desire to go in to have that offensive in rafah. this is not a withdrawal, this is purel
we think you for that update on yellen's visit. let's get to the middle east now where israel is pulling some troops out of southern gaza as hamas passes the six month mark. chris coons says the move is likely a tactical decision case hezbollah or iran attack. we can bring in roslyn matheson for analysis. what is behind this move and does it affect potential fights there? quick they have been fighting in gaza for the better part of six months. there is probably some truth in that. there is also...
0
0.0
Apr 4, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
jon: jennet yellen -- janet yellen landing in china. the five-day trip marking her second trip in nine months. the trade and investment relationship remains under strain, particularly on tech-related issues. the intense geopolitical rivalry and domestic politics limit the room for active cooperation. michael, what is at the top of the agenda for janet yellen on this trip? michael: for the u.s. side it is the issue of excess capacity or really china's aggressive focus on promoting advanced manufacturing. particularly if some of the same sectors that the biden administration is focused on like a liquor vehicles and solar energy. that is the top of the u.s. agenda. it is also a macro issue for global growth and one reason why it is janet yellen delivering the message and not necessarily u.s. trade officials. that is the top of the priority list for the u.s. annmarie: when i was -- lisa: when i was listening, i kept thinking, how big is the distinction between decoupling and enforcing a level playing field? michael: for treasury secretary y
jon: jennet yellen -- janet yellen landing in china. the five-day trip marking her second trip in nine months. the trade and investment relationship remains under strain, particularly on tech-related issues. the intense geopolitical rivalry and domestic politics limit the room for active cooperation. michael, what is at the top of the agenda for janet yellen on this trip? michael: for the u.s. side it is the issue of excess capacity or really china's aggressive focus on promoting advanced...
0
0.0
Apr 8, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
paul: let's get to janet yellen's press conference. she was saying the global economy might be adversely impacted by these factory exports from china. what was beijing's response to that? stephen: this is a push by xi jinping with the slowing and sputtering chinese economy. the emphasis on new industrial forces and three, ev's, batteries and solar panels. the concern that janet yellen raised in her trip to beijing was about overcapacity and investment if you want to call it subsidies into these industries and excess capacity has to go somewhere if the domestic economy is not aching up, it goes abroad in the form of cheaper exports for global trade, that is the argument. let me back up. first of all, beijing has been playing nice and listening to complaints across the table from janet yellen and has not according to u.s. officials blasted her across the table as a rebuttal, but we heard from the news agency in a commentary friday, they blasted her narrative of chinese excess capacity and the vice finance minister pushed back saying the
paul: let's get to janet yellen's press conference. she was saying the global economy might be adversely impacted by these factory exports from china. what was beijing's response to that? stephen: this is a push by xi jinping with the slowing and sputtering chinese economy. the emphasis on new industrial forces and three, ev's, batteries and solar panels. the concern that janet yellen raised in her trip to beijing was about overcapacity and investment if you want to call it subsidies into these...
0
0.0
Apr 5, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
stern words from janet yellen? kailey: this is her second trip to china in nine months and in some ways a reiteration of the message that she has brought to china. she wants to see a level playing field for u.s. businesses operating there. she spoke about this with the american chamber of commerce in china talking about what she described as coercive actions or unfair economic practices, including imposing barriers to access for chinese companies citing a survey that found one third of american companies in china said that they are reporting unfair treatment compared to local competitors. china says that they want to encourage businesses in china. we heard from the vice premier ahead of his meeting with janet yellen saying that china wants to create a favorable environment for businesses and will deliver benefits to both countries and peoples. that is the wider objective of janet yellen strip, trying to normalize relationships between these different levels of government and their counterparts, including treasury s
stern words from janet yellen? kailey: this is her second trip to china in nine months and in some ways a reiteration of the message that she has brought to china. she wants to see a level playing field for u.s. businesses operating there. she spoke about this with the american chamber of commerce in china talking about what she described as coercive actions or unfair economic practices, including imposing barriers to access for chinese companies citing a survey that found one third of american...
0
0.0
Apr 8, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
the old miss yellen, the kind of miss yellen that china would like in the past was also there. there was an exchange of gifts between miss yellen and chinese officials. it was one hand delivering a hawkish message and on the old hand, being the old miss yellen. annmarie: many are equating that to what we see in the ev space and she says the president and i will not accept this. they have gone out of their way to showcase that tariffs are set to come. do we have any timeline on when we would see these tariffs? enda: i don't think we have an explicit timeline but you are absolutely right. miss yellen was certainly delivering a message to china that they are not happy with their economic growth strategy and all indications are the u.s. will respond. and that she will respond from beijing, even though there was a cordial tone around the meetings. they had back and said miss yellen has delivered a preemptive warning that more tariffs or some kind of export controls are coming down the lines. china is bracing for it. china also seems to be playing nice during this visit. typically, e
the old miss yellen, the kind of miss yellen that china would like in the past was also there. there was an exchange of gifts between miss yellen and chinese officials. it was one hand delivering a hawkish message and on the old hand, being the old miss yellen. annmarie: many are equating that to what we see in the ev space and she says the president and i will not accept this. they have gone out of their way to showcase that tariffs are set to come. do we have any timeline on when we would see...
0
0.0
Apr 5, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
yellen spoke about it in georgia last week. it was a statement that preceded the trip. she spoke about it to reporters during the trip. senior treasury officials speaking with reporters. it is clearly the number one issue that the treasury wishes to address with senior chinese officials when she is here in guangzhou and beijing. it is absolutely her top priority. paul: what is a successful visit going to look like? christopher: that will be very difficult to judge, to be honest. they have made it clear they don't expect any deliverables. you will not see any memorandum of understanding. i think the goal is for incremental progress in convincing the chinese government from the treasury side that the overcapacity that they view as fueled by excessive state subsidies is not good for global markets. they are going to get blowback not only from the u.s. but several other countries. and they are getting blowback from other countries already. but it also won't be positive for the chinese economy that is by its own standards struggling at the moment. i don't think we are going
yellen spoke about it in georgia last week. it was a statement that preceded the trip. she spoke about it to reporters during the trip. senior treasury officials speaking with reporters. it is clearly the number one issue that the treasury wishes to address with senior chinese officials when she is here in guangzhou and beijing. it is absolutely her top priority. paul: what is a successful visit going to look like? christopher: that will be very difficult to judge, to be honest. they have made...
0
0.0
Apr 3, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
now we look forward to janet yellen coming in a few days. overall both sides have a cordial discussion. lizzy: how does this set the stage for janet yellen's visit in the coming days, and then antony blinken in the coming weeks? james: i think both sides, janet yellen had an interview with the world street -- the wall street journal where she gave a speech laying out things she would speak to with the chinese, specifically on questions of capacity which the u.s. is talking more and more about, whether she will go into the details is remained to be seen that the u.s. government is concerned about what they see as a flight of exports going overseas. there were discussions on a number of other issues, fentanyl is a big one. we will see if janet yellen speaks to that but when the working group on fentanyl met earlier this year, there were people from the treasury and the bank of china who were part of that to talk about how to stop currency flows into the drug trade. there are a lot of different things they have to work on. we are hitting the im
now we look forward to janet yellen coming in a few days. overall both sides have a cordial discussion. lizzy: how does this set the stage for janet yellen's visit in the coming days, and then antony blinken in the coming weeks? james: i think both sides, janet yellen had an interview with the world street -- the wall street journal where she gave a speech laying out things she would speak to with the chinese, specifically on questions of capacity which the u.s. is talking more and more about,...
0
0.0
Apr 4, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
treasure secretary janet yellen is visiting china for the first time in nine months. during a stop in alaska she emphasized the need for continued cooperation. >> it's important to both of us that we don't want to decouple or economies. we want to continue. we think we can both benefit from trade and investment but that it needs to be a level playing field. paul: for more, let's bring in our asia got and -- government and economy correspondent rebecca. we don't have many details on the agenda for yellen but what are some of the issues she's expected to raise? >> i think overcapacity is expected to one of the big ticket if not the big ticket item. kicking off that visit visiting the southern chinese province and it's that province which is such an important hub when it comes to many of these new energy industries that are in question. the u.s. is concerned that china is relying on exports of these sectors to try and boost its economy as an alternative source of growth and that these sectors and industries have been heavily supported by state subsidies and also of this
treasure secretary janet yellen is visiting china for the first time in nine months. during a stop in alaska she emphasized the need for continued cooperation. >> it's important to both of us that we don't want to decouple or economies. we want to continue. we think we can both benefit from trade and investment but that it needs to be a level playing field. paul: for more, let's bring in our asia got and -- government and economy correspondent rebecca. we don't have many details on the...
0
0.0
Apr 4, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
janet yellen goes to beijing. the u.s. treasury secretary warns against decoupling from china, but says trade must be on a level playing field. good morning, welcome to thursday. jay powell sticking to the script yesterday, wait and see mode is still where the fed is at, and that gave relief to stocks and bonds yesterday. futures pointing to an even higher opening this morning on both sides of the atlantic. if we flip over to the cross as a picture, ultimately, the fed chair's comments didn't really move the dial when it comes to where the markets are in terms of bets for when the fed cuts are coming. you had treasuries ending broadly higher yesterday, but now steady. and now all eyes turn to the jobs report tomorrow. remember, powell said last month that unexpected weakening in the labor market could warrant a policy response from the fed. you have got the dollar a touch weaker, its close relationship with the fed bets seems to have evaporated, but gold very much listening to powell. the yellow metal settling above $2300
janet yellen goes to beijing. the u.s. treasury secretary warns against decoupling from china, but says trade must be on a level playing field. good morning, welcome to thursday. jay powell sticking to the script yesterday, wait and see mode is still where the fed is at, and that gave relief to stocks and bonds yesterday. futures pointing to an even higher opening this morning on both sides of the atlantic. if we flip over to the cross as a picture, ultimately, the fed chair's comments didn't...
0
0.0
Apr 2, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
even janet yellen with a tough message i assume will be welcomed in china. paul: bloomberg political news director jodi schneider in washington, d.c. other geopolitical stories -- the white house calling for accountability after is really airstrikes in gaza killed 78 workers. among the dead are british, polish, australian and other volunteers. netanyahu admitted what he called an unintended strike on innocent people. they have called on several charities to suspend food deliveries to palestinians who the u.n. and others say are on the brink of starvation. i ran's supreme leader promised revenge on israel after a deadly strike on its embassy in syria. he said israel will regret its crime. israel has not confirmed it was behind the strike in damascus which tehran said it destroyed its consulate building and killed 13 people including military personnel. nato with funds for ukraine, $100 billion over five years. part of a package leaders would need to sign off on one they gather in washington in july. the proposal could take charge of weapons deliveries to ukra
even janet yellen with a tough message i assume will be welcomed in china. paul: bloomberg political news director jodi schneider in washington, d.c. other geopolitical stories -- the white house calling for accountability after is really airstrikes in gaza killed 78 workers. among the dead are british, polish, australian and other volunteers. netanyahu admitted what he called an unintended strike on innocent people. they have called on several charities to suspend food deliveries to...
0
0.0
Apr 3, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
paul: so we've got janet yellen heading back to china this week. is that going to move the needle on any of the issues? jill: we will see. what janet yellen is really concerned about is industrial overcapacity in china. this idea that by providing subsidies to its companies, the chinese government is contributing to an unfair economic advantage that a lot of chinese companies have the world over. janet yellen has made appearances at companies in the u.s.. a solar panel company in georgia. they had to shut down because of imports from china being so cheap. i bet that's going to be her major point of contention as she heads to china this week. i think that would be interesting. she's obviously made a previous visit to china. i'm not sure how much that will move the needle on those discussions. the fact that it is ramping up as another point of contention that the u.s. has on china. haidi: our news desk editor there. some of the other stories we are tracking when it comes to these major economies. china has dethroned the u.s. to become the top alignme
paul: so we've got janet yellen heading back to china this week. is that going to move the needle on any of the issues? jill: we will see. what janet yellen is really concerned about is industrial overcapacity in china. this idea that by providing subsidies to its companies, the chinese government is contributing to an unfair economic advantage that a lot of chinese companies have the world over. janet yellen has made appearances at companies in the u.s.. a solar panel company in georgia. they...
0
0.0
Apr 16, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
janet yellen warning of stronger u.s. sanctions on iran within days. we get more on the developments in the middle east, next. this is bloomberg. ♪ >> i fully expect we will take additional sanctions action against iran in the coming days. we do not preview our sanction tools but in discussions i have had, all options to disrupt terrorist financing of iran continue to be on the table. haidi: treasury secretary yellen on the response to the attack on israel. the white house has fresh sanctions will target israeli's missile and drone program -- iran's missile and drone program. let's bring in kirsten fontenrose, president, red six international. great to have you with us. we were chatting in the commercial break. you are saying the likelihood of a further retaliation is 100%, and it is a matter of when, and what this looks like, and if we hear about it. kirsten: exactly, the israeli government has announced it will retaliate, it is a matter of when. they are holding their discretion about when and where. the prime minister addressed the opposition, and
janet yellen warning of stronger u.s. sanctions on iran within days. we get more on the developments in the middle east, next. this is bloomberg. ♪ >> i fully expect we will take additional sanctions action against iran in the coming days. we do not preview our sanction tools but in discussions i have had, all options to disrupt terrorist financing of iran continue to be on the table. haidi: treasury secretary yellen on the response to the attack on israel. the white house has fresh...
0
0.0
Apr 18, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
the way that janet yellen spe are not going to stand in their way. if the fed doesn't change interest rates, somehow the asian countries are going to take it into their own hands. we may see a few asian countries at the same time buying their currencieses. they will be quite e febtsive. we're probably reaching a pointed where they can't stand it much more. they are going to take it into their own hands. once they stabilize the currencies, you'll probably start to see some improvements. you would expect asian currencies will end stronger than they are now. haslinda: lisa, you get the final question. i'm looking to go to japan of course. when it comes to lux brands, they tend to equalize the prices. are they likely to do that? >> like you said, these big luxury brands are quite savvy. they want to equalize prices globally. however what you're seeing with the yen is that it is fluctuating. it keeps getting weaker. the volatility. there is a lot of volatility. you have a very savvy shopper, you're here in japan holding stronger currency, you able to scor
the way that janet yellen spe are not going to stand in their way. if the fed doesn't change interest rates, somehow the asian countries are going to take it into their own hands. we may see a few asian countries at the same time buying their currencieses. they will be quite e febtsive. we're probably reaching a pointed where they can't stand it much more. they are going to take it into their own hands. once they stabilize the currencies, you'll probably start to see some improvements. you...
0
0.0
Apr 25, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
quite a different tone compared to yellen when she visited china. you've got to wonder how blinken wants to stabilize relations. >> i think ultimately they are both two sides of the same coin. you had to yellen in beijing a few weeks ago talking about industrial overcapacity. that is certainly on blinken's agenda now as he meets with top communist party officials in shanghai. he is also meeting with some leaders, possibly xi jinping. his also hitting a lot of china's ties to russia. a lot of that comes down to how that may be bolstering russia's defense capabilities in its war with ukraine, so ultimately i think from this foreign policy perspective, from lincoln's point of view as the top diplomat, i think it is really about driving home that harder message. we will see how that plays out during this trip, but i will remind you, we are not expecting a lot of major political deliverables on this one. haslinda: china likes to be up in arms. we saw how the aid for taiwan, ukraine, pretty much linked to tiktok ban, divest or get banned. >> this visit co
quite a different tone compared to yellen when she visited china. you've got to wonder how blinken wants to stabilize relations. >> i think ultimately they are both two sides of the same coin. you had to yellen in beijing a few weeks ago talking about industrial overcapacity. that is certainly on blinken's agenda now as he meets with top communist party officials in shanghai. he is also meeting with some leaders, possibly xi jinping. his also hitting a lot of china's ties to russia. a lot...
0
0.0
Apr 3, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
what has changed in terms of how janet yellen views china? >> the treasury secretary has changed her view on china. it's a hawkish approach to trade with china and this is why there is an expectation that there might be more steps coming in terms of what they can do to tackle oversupply or excess capacity from the chinese side. china is pushing back against this as well. in that readout, the chinese readout made it clear they will not sit by and do nothing while the u.s. continues to put controls on chinese technology companies for example. it's a clear pushback there and they made it clear that putting sanctions on chinese companies is not de-risking but creating new risks. this is not one-sided even though janet yellen will raise these concerns. she has certainly entered the hawkish camp and china's pushing back and will not take this lying down. annmarie: state median china is focused on one line she said in this meeting. he told biden don't flip-flop, don't cross the line. you look at the two readouts from both countries, do they agree on
what has changed in terms of how janet yellen views china? >> the treasury secretary has changed her view on china. it's a hawkish approach to trade with china and this is why there is an expectation that there might be more steps coming in terms of what they can do to tackle oversupply or excess capacity from the chinese side. china is pushing back against this as well. in that readout, the chinese readout made it clear they will not sit by and do nothing while the u.s. continues to put...
0
0.0
Apr 16, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
some headlines coming through from secretary yellen. we will hear from her later beget a conversation taking place between two interesting leaders moments ago. annmarie: between president vladimir putin and the leader of iran. putin asked for restraint, according to the kremlin. restraint, the idea coming from the u.s. and western allies on netanyahu seems to be coming from moscow on tehran. when secretary yellen speaks today, she will talk about responding to challenges in the middle east and what the administration has laid out during the past two and half years, which is sanctions, and potentially signal more to come. you have to ask about what is left in the iranian economy for this treasury to go after? jonathan: it is not about new sanctions but enforcing existing ones. iran has already said as far as they are concerned, this is done. this is about israel now, israel's response if they want to take one, and what that looks like. lisa: and whether i'm in response to that and then israel response to that, the domino effect. one vlad
some headlines coming through from secretary yellen. we will hear from her later beget a conversation taking place between two interesting leaders moments ago. annmarie: between president vladimir putin and the leader of iran. putin asked for restraint, according to the kremlin. restraint, the idea coming from the u.s. and western allies on netanyahu seems to be coming from moscow on tehran. when secretary yellen speaks today, she will talk about responding to challenges in the middle east and...
0
0.0
Apr 16, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
that is secretary janet yellen speaking right now. still ahead, we will look at the companies making it the most -- making the most social buzz today. this is bloomberg. ♪ katie: time for social climbers, a look at the stocks making waves on social media this morning. the doj repairing to file an antitrust complaint against live nation that would force it to spin off the ticketmaster business. live nation and ticketmaster have been under fire for ticket fees and faulty customer service. , u.k. boot maker doc martens lowering its outlook for 2020 five and naming a new ceo. this comes as doc martens contends with sliding cells and the u.s. and shares that have fallen over 80% since its ipo three years ago. finally, we have united health beating profit estimates and deferring its outlook for the year. they show strong results despite a costly cyberattack on one of its subsidiaries that roiled the health-care industry earlier this year. you can follow all the latest company buzz on trengo on your bloomberg terminal. coming up, escalatin
that is secretary janet yellen speaking right now. still ahead, we will look at the companies making it the most -- making the most social buzz today. this is bloomberg. ♪ katie: time for social climbers, a look at the stocks making waves on social media this morning. the doj repairing to file an antitrust complaint against live nation that would force it to spin off the ticketmaster business. live nation and ticketmaster have been under fire for ticket fees and faulty customer service. ,...
0
0.0
Apr 18, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
they appear to have come away with it with a kind of implicit green light from janet yellen to be able to intervene in the currency market if they feel the need. the commentary that came out of japan and south korea, this is a serious concern. make no mistake. syria's he said really carefully. it gives you a sense that both authorities and south korea and japan are really vexed by this and ready to move and don't feel that there will be anything to hold them back now. it's no surprise for me that you see some gains for the juan at the start of the trading session. we have more of the strength and recovery in the yen as well overnight. annabelle: beyond the fed and what we see in currency markets, another big focus for investors is what we are getting out of earnings. not a grout -- great outlook coming through from the company. do you see that casting a shadow today? paul: it will be important for the asian chipmakers. they will be paying a lot of attention to that. we saw weakness in the magnificent seven u.s. stocks overnight. nvidia particularly. there will be a little bit of weight
they appear to have come away with it with a kind of implicit green light from janet yellen to be able to intervene in the currency market if they feel the need. the commentary that came out of japan and south korea, this is a serious concern. make no mistake. syria's he said really carefully. it gives you a sense that both authorities and south korea and japan are really vexed by this and ready to move and don't feel that there will be anything to hold them back now. it's no surprise for me...
0
0.0
Apr 18, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
janet yellen saying we acknowledge the worry. what are they going to do if it is differentials and growth? jonathan: the answer is nothing. the next question is for how much longer can they take it? ultimately they will want a. rate cut from the federal reserve. is not just the equity market that wants to see rate cuts, it is the global economy. the policymakers would like to say the same thing. lisa: how much does that going to factor into the fed's decision-making? what happens if they cannot cut rates because inflation remains too high or the accused of political interference? that we see the dollar breaking things. annmarie: they need to know what is going to happen postelection. we already have this loose fiscal policy. they like to spend more on election years. that means the hangover after november is going to be for the rest of the world. jonathan: what does it feel like to come home? annmarie: it is hot. it is warm in busy. jonathan: equity futures shipping up as follows on the s&p, a bit of a bounce. up nine points of h
janet yellen saying we acknowledge the worry. what are they going to do if it is differentials and growth? jonathan: the answer is nothing. the next question is for how much longer can they take it? ultimately they will want a. rate cut from the federal reserve. is not just the equity market that wants to see rate cuts, it is the global economy. the policymakers would like to say the same thing. lisa: how much does that going to factor into the fed's decision-making? what happens if they cannot...
0
0.0
Apr 29, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
. >> janet yellen has a difficult time sticking with a hawkish tone. i would not be surprised if in the q&a, they turned a little dovish. >> base case, the inflation data will soften and there may ease some restoration of the confidence. he won't be able to communicate that. a fairly hawkish press conference. >> today's big take, one of the most read stories on the terminal, jerome powell's dovish december pipit saved the u.s. from recession. adding inflation back under control will require a more hawkish reversal. we reported on it. based on more than 60,000 fed headlines and natural language processing algorithms, you have learned a lot about how the fed has communicated. put this into context for what it means for the upcoming data. >> we tracked through december and in december there was a dramatic of his pipit which helped reinvigorate financial markets and loosen financials accommodation and review fuel financial services. it helped forestall any fallout in the labor market. we do think the fed needs to start speaking more aggressively to markets
. >> janet yellen has a difficult time sticking with a hawkish tone. i would not be surprised if in the q&a, they turned a little dovish. >> base case, the inflation data will soften and there may ease some restoration of the confidence. he won't be able to communicate that. a fairly hawkish press conference. >> today's big take, one of the most read stories on the terminal, jerome powell's dovish december pipit saved the u.s. from recession. adding inflation back under...
0
0.0
Apr 9, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
one more warning to china as janet yellen wraps up her trip abroad. any country who helped -- the foreign minister arriving in beijing to meet with chinese officials. anne-marie, where they listening? annmarie: firms worldwide are helping russia attain a lot of these materials and janet yellen wanted to hone in on the fact that anything that could be used as dual use, that is what the administration is going to go after. but it is awkward. we know that trade continues to flourish. lisa: how do you parse out good trade from that trade? if it helps the war effort, that it is problematic paring and that gives the money, you could argue it feels the fight in ukraine. intercoms a fuzzy line being drawn. jonathan: words, policy, we want to see the policy. most people assume he will not see a policy shift until you get closer to the election. you might have to wait until september or october. lisa: we are learning that sanctions -- i believe this is the first time they have publicly talked about sanctioning chinese banks and companies that do business direct
one more warning to china as janet yellen wraps up her trip abroad. any country who helped -- the foreign minister arriving in beijing to meet with chinese officials. anne-marie, where they listening? annmarie: firms worldwide are helping russia attain a lot of these materials and janet yellen wanted to hone in on the fact that anything that could be used as dual use, that is what the administration is going to go after. but it is awkward. we know that trade continues to flourish. lisa: how do...
0
0.0
Apr 19, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
the treasury secretary janet yellen. the big question for the imf and the world bank is whether that continues. how much longer will this go on for. the duration question is the one being asked in washington, d.c. and none of us can give you an answer. the longer this goes on, the more problems that accumulate, the more stress that will build and ultimately words will not be enough for japan and south korea. anne-marie: absolutely. this was in their report. do not expect this to be a remedy to what is going on in the united states. on the sidelines of the imf, everyone is talking about the u.s. election. the united states is not going to spend less and there will not be tax hikes in an election year. getting a fiscal policy under wraps for a more healthy outlook that will not happen this year and definitely not in 25. jonathan: the conversations will continue when we are back in new york city. jp morgan's bob michele and mattia calvino joining us in new york. thank you very much for being with us here at the imf world ba
the treasury secretary janet yellen. the big question for the imf and the world bank is whether that continues. how much longer will this go on for. the duration question is the one being asked in washington, d.c. and none of us can give you an answer. the longer this goes on, the more problems that accumulate, the more stress that will build and ultimately words will not be enough for japan and south korea. anne-marie: absolutely. this was in their report. do not expect this to be a remedy to...
0
0.0
Apr 14, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
if you look at the messaging, between secretary yellen and beijing officials from two weeks ago, it seems like there is not much appetite to do much about perceived overcapacity. we do see some evidence of overcapacity, so if you look at the supply side, it seems like we will not expect back -- pull back from the chinese officials. haidi: focus on china's economy, trade numbers from other countries. what is the trend after the lunar new year? louise: moderation, which is disappointing. expecting global demand to do a study pickup. across asian exporters, some will publish data later this week. we see that their recovery is slow which is not spectacular. so that's suggests to us at least across asia, we are expecting you would need more domestic demand support to offset external weakness. >> that was louise, lead economist at oxford economics. more ahead, this is bloomberg. ♪ ♪ >> you are taking a look at a live shot of the tel aviv skyline after israel and allies foiled a drone and missile attack. no fatalities and the army base was damaged, but it is the early part of the morning. mo
if you look at the messaging, between secretary yellen and beijing officials from two weeks ago, it seems like there is not much appetite to do much about perceived overcapacity. we do see some evidence of overcapacity, so if you look at the supply side, it seems like we will not expect back -- pull back from the chinese officials. haidi: focus on china's economy, trade numbers from other countries. what is the trend after the lunar new year? louise: moderation, which is disappointing....
0
0.0
Apr 15, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
also be delivered by janet yellen on a recent trip. how effective do you think this messaging will be? >> we believe it is getting urgent. there are some very serious imbalances in the relationship. we have impressed upon the chinese leadership is something must change. it is a bit lazy and. >> what are you hearing on the ground from your membership? is it concerns? using worries about the deterioration of this relationship? >> the major concern is the state of the domestic economy. there is a low level of consumption growth. if you are not selling at home, you need to go abroad. we just collected data from her 1800 members. 36% are indicating the nursing overcapacity. 50% of our numbers are seeing decreasing markets. there is enough quicksand curious given the businesses that you speak to, what is the level of commitment to putting new capital to work inside china in terms of expanding operations on the ground? given these geopolitical and high tension situations? >> they are not running for the years but it depends very much on what
also be delivered by janet yellen on a recent trip. how effective do you think this messaging will be? >> we believe it is getting urgent. there are some very serious imbalances in the relationship. we have impressed upon the chinese leadership is something must change. it is a bit lazy and. >> what are you hearing on the ground from your membership? is it concerns? using worries about the deterioration of this relationship? >> the major concern is the state of the domestic...
0
0.0
Apr 22, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
. >> starting where we started with janet yellen meeting with her counterparts from south korea japan do you think because the u.s. need south korea and japan and the philippines as partners against china you almost have a little leeway if you wanted to intervene? >> not so much and so far as i guessed china but really it is more about economic operation between the philippines, u.s., and japan and korea. not so much about propping up the currency but even if we hold off on reducing interest rates we expect the philippine economy to stay below 67% this year. >> what is the growth outlook for the philippines if we continuously see a stronger dollar and potentially the fed hold rates into next year, which is what one fed governor said yesterday? >> our revenue increases with higher foreign-exchange u.s. dollar, we have [indiscernible] a strong bpo indices. paul: that is the finance secretary of the philippines's beginning with bloomberg exclusively. here are some stocks to watch. ai related stocks. nvidia tumbled by the most in four years friday and that led to a broad selloff in u.s. t
. >> starting where we started with janet yellen meeting with her counterparts from south korea japan do you think because the u.s. need south korea and japan and the philippines as partners against china you almost have a little leeway if you wanted to intervene? >> not so much and so far as i guessed china but really it is more about economic operation between the philippines, u.s., and japan and korea. not so much about propping up the currency but even if we hold off on reducing...
0
0.0
Apr 18, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
we had a rare joint statement from janet yellen and finance ministers acknowledging people are getting concerned about weakness so it doesn't mean to say the u.s. will support intervention directly, but if you want to go ahead and give your currency specific support, we will not get in the way and you have are greenlight. does not mean it will happen immediately, but we are getting closer to the point where the currencies are falling and their respective countries, particularly south korea and japan, but other places. asia, latin america, the euro, these currencies have fallen a long way and it's about time for some stability. first morning shock. bit of a pullback. further to go in terms of what it means globally, giving a lift to asian equities, you will see a decent day because risks code, down and people can go back to the data. tom: rate differential remains extreme in terms of fed and boj, they challenge to intervention. talk about fed rate pricing given commentary that inflation may have stalled. mark: mixed messages, jerome powell said he is in no rush. fed members said the sam
we had a rare joint statement from janet yellen and finance ministers acknowledging people are getting concerned about weakness so it doesn't mean to say the u.s. will support intervention directly, but if you want to go ahead and give your currency specific support, we will not get in the way and you have are greenlight. does not mean it will happen immediately, but we are getting closer to the point where the currencies are falling and their respective countries, particularly south korea and...
0
0.0
Apr 3, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
yellen is going to make a trip down to china soon and on her agenda she is talking to be about china's industrial overcapacity. so i think we still expect it will be a lot to address the issues. industrial policy sounds like a little bit of overreach, actually. the question is whether you will get any of the points between the two big powers, we still really have to wait and see. haslinda: geopolitics can hamper the growth you have been talking about. >> sure, it can, but i wouldn't expect too much in the way of market moving material from any biden-xi calls. the whole purpose of the call is to tame things down and keep things moving along. the ideas that the tensions don't become explosive. by the way, it is time we started seeing the dollar as a geopolitical asset for the united states. haslinda: thank you so much for your insights today. an update on the earthquake near taiwan, this is the worst earthquake in 25 years, 7.4 in magnitude. at least 26 buildings have collapsed. tsunami warnings have been downgraded but aftershocks are still persisting as we speak. china is highly concer
yellen is going to make a trip down to china soon and on her agenda she is talking to be about china's industrial overcapacity. so i think we still expect it will be a lot to address the issues. industrial policy sounds like a little bit of overreach, actually. the question is whether you will get any of the points between the two big powers, we still really have to wait and see. haslinda: geopolitics can hamper the growth you have been talking about. >> sure, it can, but i wouldn't...
0
0.0
Apr 23, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
talking about intervention being in the right place, what they are referring to is the meeting with janet yellen when she stood beside the finance ministers in south korea and japan. it was kind of a united front, telling the markets the united states might not get involved, but we are not going to stand in the way if the current companies want to support their currencies. the timing is just a question, whether it is going to come this week or if the bank of japan will do enough to strengthen the end by the end of the week. tom: really interesting, that conducive environment. talking to the u.s., a big week as we flagged around these treasury options. is there any since there is going to be any recalls in this? are they going to be well absorbed? what does the appetite look like for those options? >> it is difficult to see how this could run too smoothly. we are talking about $180 billion worth of treasuries, including today, the largest two-year auction that has ever happened yet 180 billion dollars used to be a large quarterly refinancing. we are doing it all in one week, and yields are alread
talking about intervention being in the right place, what they are referring to is the meeting with janet yellen when she stood beside the finance ministers in south korea and japan. it was kind of a united front, telling the markets the united states might not get involved, but we are not going to stand in the way if the current companies want to support their currencies. the timing is just a question, whether it is going to come this week or if the bank of japan will do enough to strengthen...
0
0.0
Apr 29, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
janet yellen, antony blinken. the level of engagement being more frequent is welcome to. it did you see the fundamental relationship improving? >> i do not. it is good to have communication and interactions between senior officials and residents, but i think the journey is out as to whether there could be real cooperation where there are some differences between the united states and china at can actually be addressed. secretary of state blinken talked about the fentanyl prices in the united states, and president xi jinping told blinken that china would take actions. i think we have seen some small elections, but they have not really done enough, and there was a major report that came out of the select committee on the chinese communist party just a few weeks ago listing all of the things that china is doing in the area of fentanyl, so that is one example. there is a lot of friction between the united states and china over a growing number of issues, and yet both countries want to try to maintain a fragile stability and see if they can through dialogue manage the risks an
janet yellen, antony blinken. the level of engagement being more frequent is welcome to. it did you see the fundamental relationship improving? >> i do not. it is good to have communication and interactions between senior officials and residents, but i think the journey is out as to whether there could be real cooperation where there are some differences between the united states and china at can actually be addressed. secretary of state blinken talked about the fentanyl prices in the...
0
0.0
Apr 24, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
the chinese ministry calling the criticism from secretary yellen economic coercion. there is going to be a lot of these to work out and going to be some tough conversations i expect. >> we also got this report from the wall street journal that washington is preparing reports that would sever china from the world financial system. i imagine that would make for an interesting conversation if it is correct rate john: this is an ongoing issue. there is a lot of concern in washington and the west, especially europe, about china's support for russia's war in ukraine. china's banks, the use of the yuan and rmb within russia as a payment system for imports. these are all things the u.s. and europe are taking objection to because they believe it has helped russia continue to make the advances we have seen on the battlefield and continue to prosecute the war in a way that's causing concern. that's going to be i would think a threat that's on the table, something the united states is going to be considering as a way to try to get china not to do these sorts of things, to cut of
the chinese ministry calling the criticism from secretary yellen economic coercion. there is going to be a lot of these to work out and going to be some tough conversations i expect. >> we also got this report from the wall street journal that washington is preparing reports that would sever china from the world financial system. i imagine that would make for an interesting conversation if it is correct rate john: this is an ongoing issue. there is a lot of concern in washington and the...
0
0.0
Apr 10, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
this has been a mistake since it was created by janet yellen. nobody has backed away from it. i hope when they review it, they realize this is a dumb thing and they walk away. >> do you agree? to the dots create this problem? >> i don't really have a problem with the transparency. i do have a problem with overly active monetary policy. you were talking about how their monetary policy has -- you think you slam the door against june? where do you think the fed should have to step in? >> i would rather than get going slowly and send the message, please pay no attention, we are not easing, just normalizing. i would like them to message that way. i think they ought to try to get to normal before they need to because someday we will be sitting around this table and the fed will be at a high level and suddenly the floor has fallen out, some shock or something, so we are facing the possibility recession. then the fed says we have lots of ammunition. we can cut rates fast. i have never seen that work out well. if the fed has to cut rates in an aggressive, responsive way, it always hurt
this has been a mistake since it was created by janet yellen. nobody has backed away from it. i hope when they review it, they realize this is a dumb thing and they walk away. >> do you agree? to the dots create this problem? >> i don't really have a problem with the transparency. i do have a problem with overly active monetary policy. you were talking about how their monetary policy has -- you think you slam the door against june? where do you think the fed should have to step in?...
0
0.0
Apr 25, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
we heard the reports and the meetings that took place with secretary yellen. we know the origins of these complaints, u.s. exceptionalism and a market that has taken the view of central-bank divergence. a fed that has to hold and consider another hike and central banks like the ecb that are going to go through some kind of cutting cycle. when i listen to policymakers, that's not what i hear. i hear they are going to cut rates potentially in june. after that, i don't know. can you walk me through this? the economies, i understand the divergence. u.s. is really good, europe struggled. might we see recovery begin? people are taking that, pushing it through central banks and saying what you are about to see is big policy divergence. do you think we will? kit: no, i think you get less rate cutting in europe, the stronger the dollar is and the less the fed cuts raise. i think from where we are now, apart from anything else, we are at the point where the market shock of strong european data is bigger than the market shock of strong u.s. data. you want to surprise som
we heard the reports and the meetings that took place with secretary yellen. we know the origins of these complaints, u.s. exceptionalism and a market that has taken the view of central-bank divergence. a fed that has to hold and consider another hike and central banks like the ecb that are going to go through some kind of cutting cycle. when i listen to policymakers, that's not what i hear. i hear they are going to cut rates potentially in june. after that, i don't know. can you walk me...
0
0.0
Apr 15, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
we heard a lot about it from janet yellen last week when she was in china talking about this overcapacity china is bringing into the market. and at the green transition which is also connected when you talk about the solar industry for example. the u.s. and india have put up trade barriers on solar panels that come from china because they are so low in price. as have all come into europe -- those have all come into europe. it is challenging for scholz because it is a key economic relationship. a quarter trillion dollars traded last year with china, the biggest trading partner for germany, though it is down 15% from the year previous. scholz needs to walk that fine line, on the one hand preserving the relationship, while on the other not stepping on the toes of the policy goals of the broader eu. tom: does that move lower, 15.5%, talk to the de-risking olaf scholz and his team have talked about when it comes to the china story? >> perhaps to a certain degree. when you look at -- how to illustrate the point how massive this relationship is, bmw sells a third of their cars in china. basf is
we heard a lot about it from janet yellen last week when she was in china talking about this overcapacity china is bringing into the market. and at the green transition which is also connected when you talk about the solar industry for example. the u.s. and india have put up trade barriers on solar panels that come from china because they are so low in price. as have all come into europe -- those have all come into europe. it is challenging for scholz because it is a key economic relationship....
0
0.0
Apr 30, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
on the one hand you have the ongoing high-level engagement, yellen, blinken. but at the same time these evergreen areas of tension continue to lay out. rebecca: yes. the tesla, tiktok story is an excellent encapsulation of that. it is a tale of two tech companies when we see tiktok facing this ban bill. it took quite some time to finally get to a framework where u.s. lawmakers felt comfortable actually moving on that legislation. this is effectively years in the works. versus firms like tesla, with that baidu partnership now announced. and what essentially we are seeing is that as we see increasing obstacles and challenges, it bit more trade friction when it comes to physical trades and access to strategic technologies. but the data is equally moving along these lines of the fragmented world and becoming increasingly disparate and separate. with the u.s. of course taking on some of those qualities of restricting internet access, which china has long been criticized for. paul: as haidi mentioned we have chinese president xi jinping paying on his way to europe.
on the one hand you have the ongoing high-level engagement, yellen, blinken. but at the same time these evergreen areas of tension continue to lay out. rebecca: yes. the tesla, tiktok story is an excellent encapsulation of that. it is a tale of two tech companies when we see tiktok facing this ban bill. it took quite some time to finally get to a framework where u.s. lawmakers felt comfortable actually moving on that legislation. this is effectively years in the works. versus firms like tesla,...
0
0.0
Apr 3, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
treasure secretary janet yellen. she's pored money into sectors into e.v.'s and batteries. this coming as she makes the second visit to china in nine months. partly to press her counterparts in beijing on the build-up of overcapacity. telling them that the two nations have gone too long without communication. >> it's important to both of us that we don't want to decouple our economies. we want to continue and we think we both benefit from trade investment but that it needs to be on the local playing field. >> of course, ships are also an ongoing battleground and the u.s. looks to thwart china's ambitions. a plan to spend nearly $4 billion to build its first chip plant. tell us about the significance of this investment? >> sure. s.k. hynix just announced investing almost $4 billion in the state of indiana. this is a big win for the biden administration, which has been trying to build a semiconductor supply chain on the american soil. s.k. hynix is a leader in the high bandwidth memory commitment market, which has emerged as one of the most promising areas of the memory chip
treasure secretary janet yellen. she's pored money into sectors into e.v.'s and batteries. this coming as she makes the second visit to china in nine months. partly to press her counterparts in beijing on the build-up of overcapacity. telling them that the two nations have gone too long without communication. >> it's important to both of us that we don't want to decouple our economies. we want to continue and we think we both benefit from trade investment but that it needs to be on the...
0
0.0
Apr 25, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
for example, communication with janet yellen and the korean minister of filing -- finance. but i think a market test is what they need to do. i think this would lead to some intervention quite soon. paul: how is yen weakness and inflation impacting households in the broader economy in japan? out urgent is this a problem that needs to be addressed? >> so if we think about the appropriate exchange rate, it should be 110 and at most 120. the current level of the japanese yen is too cheap. there is no other currency that moved this drastically. it's hurting the economy because we are importing almost everything. we have to buy a lot of imported products at very high prices and it's only hurting the japanese consumer. a lot of people are unhappy about this situation. in that sense, i think the government and bank of japan worry about this consistent movement of the japanese yen. paul: currency instability though is not really part of the bank of japan's mandate, but there is an opportunity to send a clear signal. what sort of statement do you expect from governor you eta about t
for example, communication with janet yellen and the korean minister of filing -- finance. but i think a market test is what they need to do. i think this would lead to some intervention quite soon. paul: how is yen weakness and inflation impacting households in the broader economy in japan? out urgent is this a problem that needs to be addressed? >> so if we think about the appropriate exchange rate, it should be 110 and at most 120. the current level of the japanese yen is too cheap....
0
0.0
Apr 1, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
janet yellen and jay powell were saying the banks were strong and resilient but they cannot guarantee all deposits should be insured. they can only be evoked when a bank fails on a case-by-case basis. this is the way of reassuring people a solvent bank will not be subject to runs that deplete its cash. the reason people run is it is inexpensive and does not cops much to run -- does not cost much to run. if banks have enough collateral to cover their deposits there's no reason to run. peter: is there any risk we have pushed too far in terms of some of the regulations where we are forcing banks to have more treasury which causes some of the problems in silicon valley bank but has turned the private credit industry around where that is where more people are turning to as banks are restricted or uncomfortable with the current regulations? bill: you are on a very important point. one way you could respond is to raise liquidity buffers banks have to hold. if you do that then they have to hold a lot more. securities become less like banks and cannot perform their role. piling on more and mor
janet yellen and jay powell were saying the banks were strong and resilient but they cannot guarantee all deposits should be insured. they can only be evoked when a bank fails on a case-by-case basis. this is the way of reassuring people a solvent bank will not be subject to runs that deplete its cash. the reason people run is it is inexpensive and does not cops much to run -- does not cost much to run. if banks have enough collateral to cover their deposits there's no reason to run. peter: is...
0
0.0
Apr 2, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
treasury secretary janet yellen is among the officials going to beijing. no major projects -- progress from this. technology rate story has not changed, it's about keeping things even keel. caroline: thank you for bringing us the latest on the xi jinping biden conversation. coming up, we go to the private sector world. atomico partner laura connell joins us with real expertise in artificial intelligence. this is bloomberg technology. this is bloomberg technology. wealth-changing question -- are you keeping as much of your investment gains as possible? high taxes can erode returns quickly, so you need a tax-optimized portfolio. at creative planning, our money managers and specialists work together to make sure your portfolio and wealth are managed in a tax-efficient manner. it's what you keep that really matters. why not give your wealth a second look? book your free meeting today at creativeplanning.com. creative planning -- a richer way to wealth. starting a business is never easy, but starting it 8 months pregnant... that's a different story. i couldn't
treasury secretary janet yellen is among the officials going to beijing. no major projects -- progress from this. technology rate story has not changed, it's about keeping things even keel. caroline: thank you for bringing us the latest on the xi jinping biden conversation. coming up, we go to the private sector world. atomico partner laura connell joins us with real expertise in artificial intelligence. this is bloomberg technology. this is bloomberg technology. wealth-changing question -- are...
0
0.0
Apr 5, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
jonathan: quite a change for janet yellen, what a journey from economist to politician. quite a round-trip. annmarie: quite a round-trip for the globalists dealing with the aftermath of the sectors of the economy that have been blown out. it's a huge shift from when she entered the treasury department. she was one of the few around the table who said maybe we should be looking at tariffs. she moved towards the jake sullivan's of the world. jonathan: i just read comments like this and think -- where have you been? everyone talking this way, unfair practices, that was the story for ages. go speak to tech firms on the west coast for much of the last decade. taking coercive actions against american companies? seen that repeatedly time and again. the question i would ask is what took so long? why did it take the election of donald trump and 2016 to make this the consensus position in washington, d.c.? lisa: great question. have lines gotten harder or is it the reality of meeting this academic idealism a lot of people had when they worked on policies from the ivory towers as o
jonathan: quite a change for janet yellen, what a journey from economist to politician. quite a round-trip. annmarie: quite a round-trip for the globalists dealing with the aftermath of the sectors of the economy that have been blown out. it's a huge shift from when she entered the treasury department. she was one of the few around the table who said maybe we should be looking at tariffs. she moved towards the jake sullivan's of the world. jonathan: i just read comments like this and think --...
0
0.0
Apr 18, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
i tried something this week in that trilateral combination between yellen and the head of korea and japan. it was like a collective thing, to try and introduce the coordinated intervention to the narrative, which is interesting. but i think as a coordinated effort, much of the heavy lifting will be down to the boj anyway. asian currencies are hurting as a result. it is a case that the dynamic, or the indirection between the u.s. economy and the rest of the world is playing out. until that burns out for the rate cutting cycle kicks in, i don't think there is a whole lot they can do. if you noticed, the yen itself is probably down about 9% year to date. but because of the increased jawboning, it is only down about 2% month to date for april. you can see the effect. it really is slowing down the yen's descent, as it were. but that can only last so long. if the data continues to come in hot for the states, fundamentals will dominate. i think the boj and the mof are trying to create that narrative where there is a disconnect in the fundamentals which would give them a reason to intervene. and
i tried something this week in that trilateral combination between yellen and the head of korea and japan. it was like a collective thing, to try and introduce the coordinated intervention to the narrative, which is interesting. but i think as a coordinated effort, much of the heavy lifting will be down to the boj anyway. asian currencies are hurting as a result. it is a case that the dynamic, or the indirection between the u.s. economy and the rest of the world is playing out. until that burns...
0
0.0
Apr 17, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
when yellen came to china earlier this month, she warned that if chinese banks are soon to be helping russia's war machine, they could face sanctions. that is certainly something beijing will be careful to avoid. haidi: jenni marsh there. china's position in the south pacific could hinge on elections today. polls opened and results are being closely monitored. our government reporter ben westcott joins us now for more. what are we expecting and why are there so many international eyes on this election? benn: polls opened this morning but we are not expecting a result today. votes have to be counted from across all the different islands, more than 90. lawmakers need to meet in the capital where they will hammer out who exactly will be the prime minister. the current prime minister has moved his country a lot closer to the chinese government. it was under him that the solomon islands switched ignition from taiwan to china, diplomatic recognition. then in 2022 he famously announced that the solomon islands signed a security pact with china, which threw up alarm bells and lead to a massiv
when yellen came to china earlier this month, she warned that if chinese banks are soon to be helping russia's war machine, they could face sanctions. that is certainly something beijing will be careful to avoid. haidi: jenni marsh there. china's position in the south pacific could hinge on elections today. polls opened and results are being closely monitored. our government reporter ben westcott joins us now for more. what are we expecting and why are there so many international eyes on this...
0
0.0
Apr 16, 2024
04/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
factory from germany, for instance, german chancellor olaf scholz in beijing this week, but also janet yellen recently visiting the country. hui shan: right. this is getting a ton of questions, one of the topics with the most discussions. a couple things you mentioned, one is we have to recognize why china is betting on the manufacturing and expection -- expansion. you have the confidence lacking. you need to reach certain levels of the targets. you want to consolidate activity in that regard. from a geopolitical point of view, the more inner tried -- intertwined you are with the rest of the world, the harder it is for other countries to decouple. from an economic point of view, it makes sense for china to do so. near-term, our view is that it will be hard to stop or slow china exports, because, you know, chinese goods are so competitive in many categories, not just ev. but over the medium, long-term, we do think more in balance, china's is deficit. at some point, the pushback and trade leaders we see are risky are rising, as you said, not only from the e.m. markets, tariffs on china steel ar
factory from germany, for instance, german chancellor olaf scholz in beijing this week, but also janet yellen recently visiting the country. hui shan: right. this is getting a ton of questions, one of the topics with the most discussions. a couple things you mentioned, one is we have to recognize why china is betting on the manufacturing and expection -- expansion. you have the confidence lacking. you need to reach certain levels of the targets. you want to consolidate activity in that regard....