u.s. federal reserve suggest keeping interest rates close to zero until possibly as late as two thousand and fifteen we asked if this is the unintended consequence of negative real interest rates. you can't recreate a time coming off proposal which could cause a chain reaction to come out of the very fabric of the space time continuum just the entire universe are we had a great disaster of cosmic proportion the last that question an international monetary fund managing director christine lagarde seems to be doing p.r. in washington ahead of her attempt to collect more money from i.m.f. members which is expected to come next week to guard against the risk of europe's crisis we probably have a moment little bit of breathing space not much but a little bit of breathing space. to really pursue what still needs to be. meanwhile george soros writes in an op ed things have gotten less volatile in europe but more lethal always seen an e.c.v. official hint that the bank could attempt to put out the fire with more debt purchases or try policymakers may control the printing press but they can't control

u.s. federal reserve on tuesday released the minutes of the march 13th policy meeting. the document says most members agreed that a moderate economic recovery will continue for the time being, but some cautioned that improvements in employment might diminish as the year progressed. the minutes also say only a couple of members flagged the need for possible additional stimulus. that's if the economy lost momentum or inflation stayed below the 2% target in the medi medium term. >>> chinese authorities will release its first quarter economic growth data later this month. for what we can expect, let's go to our reporter jamie ung in hong kong. >> the chinese government lowered its growth target to 7.5% for this year. after the pace has slowed down for a fourth straight quarter in 2011. this was likely due to the government's tighter monetary policy and exports to europe. >> while some are expressing concern about a continued economic slowdown, others say this could help reduce the potential for a -- of the chinese economy. to see what we can expect for the announcement of f

u.s. crude stockpiles as well as the information from the federal reserve meeting that i was talking about that indicated that trying to see no need for any monetary easing unless the economic situation worsens so that is how the markets are looking now as well on the topic of natural resources let's talk about the russian situation and that depends. on what results dependency of the local businesses now how do they get a no more addicted to it the so-called results of a poll by the national agency for financial studies says this was. among small and medium sized businesses the agency has polled people from around two thousand and fifty two percent said what price is was the most important factor for that company and that's compared to forty seven percent a year ok and something i love to talk about is probably i.p.o. could take place in the russian market after. mom the country's top spot kind line maker. says they are preparing to offer ten percent of that the company estimates itself at around one hundred million dollars. they say kerry that is how the markets are looking for now i'll c

u.s. federal reserve meeting later in the day and the dax is impressively well today after the three percent losses we saw on tuesday now to move on to russia it's a similar picture there everything is in the black of the. points seven percent this hour most of the energy waiters are doing particularly well if we take a look at the breakdown of the individual share moves on the my sex there were about to come up we see that gas problem is gaining one percent bucking the trend is polymaths after boris than expected financial results and then we have been particularly well and that's despite the five fail to move analysts forecasts was two thousand and eleven financial report well we spoke to the company's c.f.o. and he talked us through the results. they are record results so very happy to report today and that income of ninety point five billion rubles is just over three billion dollars we need to be has never earned that much money. year we grew a net profit by sixty five percent to get a pretty pretty significant improvement there so speaking about the efficiency feel look at the average o

u.s. federal reserve signaled less of a need to stimulate the economy with the pointed easing of bankers in the region just did not think the economy needed it now the problem with this is that it is affecting the globe's appetite for risk and therefore affecting the russian market so let's see how they're faring this hour i can tell you they are. into negative territory now as well is that we're seeing capital outflow doubling in the first quarter of twenty twelve and that's compared to the same period last year now it reached around thirty five billion dollars that's almost half of what the country saw for the whole of twenty and eleven now the central bank is hoping that the trend will reverse once the government is put into place a new government may have a look at the stocks and see who's really suffering at this hour. but also again is that as you can see it is this sea of bread is no surprise it's we've got down. so reports they're going to be selling two billion dollars of it share with the b. now that deal has actually been postponed that's affecting investors as well and. also dow

u.s. federal reserve bank the central bank of europe they don't want people to perceive there to be any risk but they don't want people to perceive there's any inflation so they keep interest rates near zero percent that's part propaganda meanwhile energy and food are going to all time highs now people say well what's the difference if they're really the price of the upside of the downside they're still making money the difference is that at the end of the day they're flooding these markets with fear of currency and causing massive inflation and loss of purchasing power and negative real interest rates and lending to people like in athens who are blowing their brains out thank you ply for master you murder her you put up all the guys said clive ok now when you takes over the five hundred what happens we get rich it's our money we get to reestablish our money and way more important than that because as all of these traders in the c.d.s. market in london are saying all this hedge funds hundreds of billions of dollars under their control and they're being forced out of the market by a giant wha

u.s. federal reserve meeting which is expected to happen later today and of course will bring you up to date with what happens in those will now moving on to russia a similar picture years everything is in the but i could be r.t.s. is adding almost one percent this hour a second look at the individual share moves on the my sites naturally energy majors are gaining you see that gas from point eight percent to be bank is over one percent and we know that it's two thousand and eleven that profit increased by sixty five percent now bucking the trend is precious metal maker poly mats only over a half a percent and his last year's net profit appear to be significantly below expectations so that's the reason we see that it's in the red there are let's move on to crude which is still on the rise and soaring oil prices have really the oil and gas industry in two thousand and twelve now of course some analysts all moring that this will have a negative of fact all the leading economies that have been debating on their breasts involved with storing oil prices and they say that russia as well overall not

u.s. federal reserve seems less eager to launch additional monetary stimulus as the economy remains stable as they did but it was a necessary look at the russian markets was seen as a very disappointing day we're going to turn off our trade here in moscow as you can see the r.t.s. around of the stand down my six around half a percent in negative territory now that was a report by hey justin b.c. showing that business activity growth slowed in the country's service sector last month was certainly having an effect as well as seeing what the stocks are up to today ross hardware they have had a particularly disappointing day over a percent in negative territory now and that sort of falls a cubit in dollars of its shares to state the bank has been despised we've also got a change of options with them they wanted to drag themselves back into up positive territory now one of the minority shareholders is to freeze its shares of a australian iron ore companies it's an interesting one to watch out for and i have to ask one of the best spoke almost maybe the raid was sent out in positive territory ot

u.s. federal reserve meets and will be of course reporting on the outcome of that as soon as that happens if we take a look at the russian markets a similar picture both for both the arts yes and the mindsets of them while the my six adding almost a half a percent this hour they are minimizing earlier gains that i have to tell us like to look at the main movers on the my six hundred two majors are still doing quite well we see that gas form is up over one percent bucking the trend is polymath so i have to post and worse than expect the grid so it's another one zone well is a b t b and they're adding half a percent this hour and that's the spike missing out of this forecast for two thousand and eleven financial report but we spoke to the company's c.f.o. herbert moss and he talked to us with oversells. their record results so to be very happy to report today and that income of ninety point five billion rubles is just over three billion u.s. dollars. the to be has never earned that much money. the year we grew in that profit by sixty five percent to get a pretty pretty significant improveme

u.s. federal reserve signaled less of a need to stimulate the economy with one stiff easing the stimulus that's really affecting the markets today is always having a domino effect that we've seen all day and that's very much playing through to the russian markets let's have a look at how they're faring this hour they remain in the red dress and that's what they are right now this hour got the artist in the mix it. into their second percentage point in negative territory and there's also another issue we've counted out the i know i say a lot here i sound like a broken record but it is the main thing and what we saw we saw. double in the first quarter of twenty twelve and that's compared with the same period last year reached around thirty five billion dollars that's almost half of what the country saw for the whole of two thousand and eleven all the central banks are expecting and this is the result once the government is put into place it is certainly be monitoring that for sure we always do here. it's something we always keep track of now we've got all stocks to look at see if indeed it's stil

u.s. federal reserve's monetary policy ok there is this symbiotic relationship between multinational corporations and finance that's where they are able to. mansur functions that's where they're able to get money to finance their operations all around the world ok so when interest rates are zero percent multinational corporations benefit greatly from that cheap liquidity that cheap money to fund their operations their business here and all over the world at the expense of the u.s. saver so multinational corporations can go hire workers cheap labor is everywhere else finance our business see growth in these other emerging markets and whatever they get in the united states and you know in a perfect world they would return the favor for the u.s. saver that is not on their back world that we're not no it is returning. and we. have to got to go in a second here but you know what some people said to you is that this misses necessarily actually hurt the u.s. employees or the u.s. worker because what these companies are doing is they're trying to expand these emerging markets right if you want to talk ab

in the u.s., the federal reserve thinks the economy needs a couple more years to get stronger. but will the bank buy more bonds to goose the economy? "n.b.r.'s" darren gersh asked federal reserve chief ben bernanke. >> reporter: is the committee now any closer to qe3 than it was in its last meeting? >> well, first, the committee has certainly been bold and aggressive in terms of easing monetary policy. >> tom: it's "nightly business report" for wednesday, april 25. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: >> tom: good evening. susie is off tonight. from the federal reserve view of an improving economy to trading on apple's record profits, stocks caught fire on wall street. the dow jumped 89 points, the nasdaq skyrockets 68 points, the s&p adds 18. let's begin with the fed and its meeting on the future of interest rates. the central bank held interest rates steady at near zero levels, but policymakers tweaked their outlook for the u.s. economy. the central bankers now see g.d.p. slightly higher than they d

u.s. stocks there, as you mentioned, fell after the federal reserve minutes, and they really offered no further signals for any stimulus for the u.s. economy. so the markets took that as a bit of a negative. also added to that, some continuing debt concerns in eurozone economies. also pushed lower the overall global stock sentiment. let's have a look at how the nikkei and topix are trading here this wednesday morning. a bit of a mixed picture. actually just a couple of seconds ago, the nikkei was just trading a little bit lower. you can see just a little bit lower on the topix trading just marginally higher. so a bit of a mixed open here in the first few minutes of trading. the nikkei actually fell yesterday, largely on the stronger yen. and that's been a bit of a factor, and also added to that, concerns over growth in china as well as the eurozone. so along with the fed minutes, those concerns also pushed the s&p 500, the nasdaq and the dow a little bit lower, as well as energy and commodity related stocks. we're going to keep track of those sectors and individual stocks throughout the trading

u.s. federal reserve chairman ben bernanke says the federal reserve is determined to learn from the past andlures exposed by the 2008 financial crisis, despite efforts he is still cautious during a speech in your jus last night he said america's -- georgia last night he said america's recovery is far from complete. >> even as we make progress, of known vulnerabilities bemust be aware our financial situation is evolving. indeed an inevitable side effect of new regulations the system will adapt in ways to push risk taking from more regulated to less regulated areas increasing the need for careful monitoring and supervision of the system as a whole. >> one thing he did not touch on was last week's dispointing jobs report 120,000 jobs were created in march. >>> 8:43 a.m., coming up a collection of art facts from the titanic after the break we are going to las vegas for a closer look. >> holly morris is standing by with details about a unique event good morning. >> good morning to you you know if you have always wanted to be part of a flash mob and are like i am not sure i can dance i have one fo

u.s. economy. the federal reserve expects growth next year to hit almost 3% and unemployment to decline gradually. >> but chairman ben bernanke says the fed will not hesitate to help the american economy if help is needed. the fed pointed to the depressing housing sector and global financial uncertainty as factors weighing on growth. it also expects inflation to remain low and plans to keep interest rates at the current exceptionally low levels until at least 2014. >> staying in the u.s., the republican presidential candidate newt gingrich is expected to quit the race. insiders say he plans to end his campaign on may 1. >> he had vowed to stay in the race until the republican national convention this summer, but the former speaker of the house suffered another round in heavy losses in five primary contests on tuesday. gingrich is expected to endorse republican candidate mitt romney. >> in germany, authorities have launched a massive raid against suspected right-wing radicals. three young men were arrested in the operation. another 15 were interrogated. >> the man now accused of forming a criminal

u.s. we have the federal reserve meeting and you're really going to see how that really fills with rita all the markets how it really took on effect so let's get started with a cause that open for business at no cost hold called a very close to a holiday today so chinese stocks made gains yesterday and that is largely because of positive chinese manufacturing data if we look at the nikkei we can really say that is under pressure at the moment is one and a quarter of percent in negative territory all the shares are under pressure on the metal as well that's taking a hit after commodity prices dropped after the federal reserve dashed hopes of more monetary easing over in the u.s. it's really taking a hit in the age of the small a helping that liveth the losses die i'll get used to some call made because after a strong u.s. sells for march released overnight it's kind of a conflict of data being released over in the u.s. because carmike is such as toyota for example they're gaining over a percentage of points or not that's off the pace think it's best that margin of u.s. sell since two thousan

u.s. federal reserve officials are taking a middle of the road stance ahead of the publication of the centralnutes. cleveland president said there were signs the recovery was becoming self sustaining while richard fisher says the banks should stay in wait and see mode. the approach will offer little satisfaction to investments searching for clues as to what central bank officials will consider as their next move when operation twist expires in june. teach is still with us. what's your own view? stronger ism numbers yesterday and the stock market rally is to a large degree predicated on on this time a sustainable u.s. recovery. is it? >> yes, it is. i think the market had a little bit of a wobble last week when bernanke spoke quite dovishly explaining that he was still very cautious about the u.s. outlook. and secondly, some of the data last week was a about more new answer o nuanced. friday we have nonfarm payroll. >> with the markets closed. >> yes, it's good friday. but i think the trend of the data is quite positive. i think it's more robust than people had anticipated. >> that's sort of a

u.s. federal reserve believes the monetary policy is the right one for thousand, but left the door open forllen described the current, as appropriate given the risks and said the fed is quite willing to do what is necessary. >> prepared to adjust my policy views in response to incoming information. in particular, further he'di i g easing actions could be warmed. while a significant acceleration in the pace of recovery could call for an earlier beginning to the process of policy firming than the fmoc currently anticipates. >> and we also have with us david bloom, global head of foreign exchange strategy. nice to see you. what did you make of -- serve the world if the dollar did strengthen actually. all do us a bit of a favor, wouldn't? >> i'm not quite sure would do the u.s. a favor. >> wouldn't it help their bond market? >> i don't think it will make much difference if it's a marginal weakening. that wouldn't make any difference to the bond market. but it's not what should or shouldn't happen, as usual, it's what will happen. and what will happen is the dollar will weaken. >> weaken against

it looks like the federal reserve is feeling less and less like pumping more money into the u.s. economy right now. minutes from the federal reserve's march policy meeting were released today, and susie, they show, while the economy has been getting stronger, the central bank is still worried about the jobless rate. >> susie: still, tom, even with that caution, only a couple of members thought additional bond buying by the fed might be needed if job gains slow. the fed's key worries-- americans aren't receiving meaningful pay increases. gas prices are high. and europe's debt crisis could weigh on the u.s. economy. stocks tumbled, as investors interpreted those minutes to mean no qe-3. the dow fell 65 points, the nasdaq and s&p both lost about six. >> tom: even though recent economic indicators like manufacturing and jobs have been improving, economist dana saporta with credit suisse thinks it's just a matter of time before the fed provides more stimulus to the economy. >> our debt is growing by about $5 billion every business day, and the interest to pay our debt service obligatio

u.s. federal reserve will be taking the podium later today with many for hints.ll consider more easing at its next rate review and that's according to reuters who's citing sources. joining us now for the next hour is george goncalvez. george, great to have you on this morning. let's talk about some of the renewed fears we're seeing stemming from the markets in the united states. how serious is this? have we seen this before in some senses and should we be really worried about it in. >> if you look back over the last two years during the euro people sovereign debt cry circumstance come this time period, april/may. it hits the european bond market nd t period and also also this liquidity, the ltros are starting to lose their effica efficacy. they create this kind of turbulence to the markets and it's being driven by it. >> there's a tsunami warning now in the indian ocean. guys, i just have to break in here because it looks like this situation could get a lot bigger than expected. a tsunami warning is now in effect, according to reuters, for the indian ocean after

. >>> well, in the u.s., federal reserve officials have poured cold water on the hopes of more stimulus as the minutes from last month's meeting revealed only two central bankers thought further easing could be needed. growth expectations remain, but most of the ten-member board seeing no upward revisions to gdp for the next two years. kelly evans filed this report for us. >> reporter: stocks swoon, gold collapse, and bond yields jumped after minutes from the federal reserve's latest policy meeting suggests policymakers may be less inclined to move forward with stimulus than analysts hoped. officials in their meeting on march 13th discussed positive signs in the u.s. economy, like faster job gains and an increase in real household incomes. also better conditions in financial markets in the u.s. and in europe. they stayed committed to the highly accommodated stance of monetary policy. namely keeping interest rates to zero through late 2013. there's no real talk of another round of quantitative easing, no hopes on what a scheme might look like. and that lack of news pushed stocks to the l

u.s. the federal reserve has got to be focused on europe. no doubt in my mind. >> that's precisely the case and that's what makes you exactly right. and i don't think the fed would woman back in in that case. some of the easing of strings has eased away. it is not something that is imminent. >> gentlemen, thank you. we've got a market up 85 points on the dow jones industrial average. gary, we are certainly in the final stretch right here. >> we are, maria. with 45 minutes to go in today's trading session, let's take a quick market stat check. in fact, as we said, key interest rates are low until at least 2014. at 48.36. the dow industrials down and up as the fed chief bernanke commented on fed policy. right now it's up to 82, which is close for the high of the day. goldman sachs moving off of the session lows and year to date is up 25%. earlier today i did get a chance to speak with lloyd blankfein. one thing that stood out to me, i was able to ask lloyd, point blank, what was it like on the morning of march 14th, the day that the op ed came

u.s. the federal reserve, when we had our crisis, federal reserve treasury, essentially two people actingely back in 2007, 2008, the recent history of european crisis is that they will dillydally. they have this unwieldy if they're making policies for 27 countries. they have 27 different political relationships. they have to meet, they have a summit. they stumble from one thing to another and they don't do anything decisive. and then domestic parties try to undermine it afterwards. they have an unified party but they don't have an unified system or fiscal policy so people don't trust when they say they've solved the problem or have the firepower to deal with it that they do. >> the european response at one level very similar. they both threw a lot of money to the banking system to restore the banks to solve ventcy here we're not worried about the debt. huge stimulus that began to bringingbring the economy back. in europe, they want the austerity throughout europe, the growth is diving down into negative territory, and that threat to growth, negative growth recession is what has been makin

u.s. debt the federal reserve is propping up the entire us economy by buying sixty one percent of the government debt issued by the treasury department a trend that cannot last lawrence goodman a former treasury official said and the wall street journal he said this not only creates a false appearance is a limitless demand for u.s. debt but also blunt any sense of urgency to reduce supersized budget deficit so i want to coin a phrase right here right now go ahead max i want full credit for it because of my work at media page the phrases that place. that definition this is an expansion of debt which is causing here and people who fear that the government's going to start monetizing the debt and in just a patient they're buying gold silver other tangibles what you're describing is the u.s. government is now getting into the mama station and selling debt. and that's what people are fearing is coming true they fear gold continues to go higher because of pleasure there's no inflation or deflation those terms are antiquated they're not applicable anymore it's rocks kaiser's term placement i'm the auth

u.s. crude calls we have the federal reserve decision as well which is also playing its part as well as refineries are preparing to expand their gasoline output to meet demand for the summer how far on the topic of enough. resources despite all the efforts of the overarcing government to cut natural resource dependence a local businesses are getting even more addicted to the results of a poll by the now so agency for financial studies says this will see them on the small and medium sized businesses the agency has polled people around two thousand firms in toto now fifty two percent said raw material prices were the most important parts of their companies and that's compared to forty seven to said a year ago so certainly something we know the russian government of keeping an eye on right now in terms of the russian market i'm going to have the i've been figures for the next hour so join me that the latest the latest numbers to tell you what indeed that struck me. about the you're back with a recap of the top stories shortly you're watching dr stay with us. tonight's commission dates in the levy oh

u.s. banks from the federal reserve's last stress test. a modest but continued recovery here in the u.s. all of this contributing to an improved trading environment for the fourth quarter. results from the big banks' fixed income commodities and currencies or thick units seen benefits from this. these results seen strong. offsetting improving but still weak results from equity trading. as for investment banking, thompson reuters notes -- debt underwriting fees were a bit stronger. this this environment jeffries analyst jeff harts is likely to surprise on the upside. as for the bank's key business of lending, it's likely to be maxed bag. consumers are paying off debts and banks are seeking better qualified customers. shrinking last quarter dit card while commercial and industrial loans should increase. goldman's says this should play in wells fargo's favor and we should know that on friday. friday morning both of them coming out right about the same time. >> we'll look forward to happen p pete, i know you like wells fargo. other people on t

getting economic data and policy statements from central banks, the bank of japan, the federal reserve, in the u.s. and amidst all of that we're also getting corporate earnings which might be a little bit of positive positive. investors there in a bit of a bind. so but for now if the nikkei closes the way it is right now, that will be a seventh day in a row that it's been down and then the last ten sessions the nikkei has been down nine times over 800 points. backoyou. >> ramin,hank a lot f tt update. ramin mellegard from the tokyo stock exchange. >>> separately, the tokyo stock exchange and daiwa securities group will join hands with myanmar's central bank to set up a bours ne the emerging market. an agreement has been reached to create the exchange by 2015 possible in myanmar's largest city. an announcement is due soon. tse and the daiwa securities group will provide a computer systemor the new bourse. the executives are planning to visit myanmar to sign a memorandum of understanding in late may. myanmar has been rapidly transforming its economy since the country underwent a transition from mili