원문 보기
Good morning. It's 8 a.m., 2 a.m. here in New York, in the city that never sleeps, in the world's main financial center. Yes, it has arrived after these Thanksgivings, after the photography around the bridge, for example, of the Immaculate Conception in Spain, the moment of the Federal Reserve arrives, the moment arrives when the market no longer has time to look elsewhere.
Powell is going to speak, and he's going to do it tomorrow. Today the Federal Reserve meeting begins, and here's the Christmas tree next to Wall Street, looking at the picture of what Jerome Powell and especially Hassett are going to do—that is, the picture of today and of what's to come, which we'll start seeing very soon, once the Federal Reserve begins to outline what it's going to do with interest rates and we see if there's any division among the Fed members.
This is New York, this is Wall Street, this is Business Television, this is Business Connection, where we're going to bring you today, tomorrow, and the day after Thursday the picture of a Federal Reserve that's starting up, that's entering the field, that's starting to play, that's going to set the stage for how the markets, which have been hesitant around the Fed, are reacting.
That's the key, the great challenge for the Fed. It all starts now, it starts today at the Fed meeting that's going to be held in Washington. Here in New York, the focus on Washington is tremendous in trying to understand what is being decided on the other side, in the institutional, more political part, regarding the economy.
Without a doubt, what is expected here is a downward movement of interest rates that will begin to encourage the economy in an uncertainty where, mind you, anxiety is the fundamental key that is currently driving the world around interest rates. With the United States lowering interest rates, and Japan and Europe raising interest rates (or at least Snabel has already pointed this out), Japan is also starting to point to interest rate movements by December 19th.
Although everything is festive, although the Christmas tree on this Wall Street is the key element , it's already a holiday. The markets don't seem to have had a rally, and at most, they might have had a mini Christmas rally. And we're going to see it starting tomorrow when we see the photograph of a Federal Reserve that begins to tell us what the division is within the institution.
The other key element of the day revolves around Japan, but this time not because of the market turmoil, but because of the earthquake surrounding what might happen with the 7.5 magnitude earthquake due to the possibility of an aftershock. Japan is on alert at this time regarding the possibility of a second earthquake, a second earthquake after the magnitude 7.5 earthquake that we have experienced.
Be careful because the market earthquake that will be put to a vote on December 19th, understand, the interest rate hike that Japan wants to carry out , is also joined by the much more complicated and tricky picture surrounding the possible aftershock that is currently being analyzed. The other key element revolves around Donald Trump and his attack on Europe, saying that Europe is on a very bad path, very bad for the people.
Trump attacking Europe, saying that after the AX decision to fine them 120 million euros, be careful because the Trump-Europe photo op is going to create tension again regarding whether Europe is a democratic environment or a bureaucratic one, which is also being discussed here in the United States regarding concerns about what Europe may begin to implement in the medium term or see as problematic.
The other key element revolves around how China and Chillinpin have welcomed Nvidia's move, obtaining Trump's approval to sell H200 artificial intelligence chips in China. Good news for China, good news for Nvidia, which traded yesterday. And on the other hand, the battle of all battles for streaming.
Paramon launching the $108 billion bid to block Warner's purchase . by Netflix, in such a way that geopolitics, now we will talk about Zelensky, photography around the economy and interest rates and entertainment as a fundamental element also appearing in the middle of the day. As I said, it's a snapshot of an economic environment that Wall Street is starting to look at, starting to put things on the table, starting to understand how to see what is also being talked about, for example, among others, by Jimmy Diamond, JP Morgan, regarding the situation in Europe, not just Donald Trump, regarding how Jamie Diamond, the head of the largest bank in the United States, has delivered a very strong and strategic message in recent hours.
Europe. And it's not Trump saying this, it's Jamie Diamond saying it in this photograph, he's being left behind and he says that's not just a European problem, he says it's a direct risk to the United States. It's a direct risk, says Jaimi Daimon, what's happening in Europe, falling behind not only for Europe, but for the United States.
What is Jamie Diamond saying? What is the central criticism? He says Europe is losing competitiveness and Jamie Diamond points to three main leaks: business leaks, investment leaks, and innovation leaks. In other words, Europe is building large social safety nets, he says, but at the cost of a hostile business environment.
Bureaucracy, slowness, inability to make quick decisions. According to Diamond, this is returning to normal. In other words, Europeans are beginning to recognize it, but it is still insufficient and action has not been taken as seen, for example, in the Dragi plan. The other fundamental element is the political problem.
Daimon says that the European Union does not make decisions and emphasizes that European politics is currently extremely difficult, that agreements within the EU cost too much, that military spending has been insufficient, and that the risk of a fragmented Europe is real. Diamond's most striking point is that he says if Europe fragments, America— that is, Wall Street, Wall Street, America First—will cease to exist.
Because? Because it says that the United States depends on Europe as a strategic ally in military, economic, and values matters. Think about the photograph surrounding what you're seeing, around what Jamie Diamond says, "Don't think this is a European problem, this is an American problem. This is going to affect companies listed here on Wall Street." The message, above all, to Washington, is that if Europe is weak, the United States is weak.
Diamond says a strong Europe benefits the United States. A weak Europe would make the United States even more vulnerable. Washington, Diamond says, must have a long-term strategy to strengthen Europe. In other words, it is asking for more US support for Europe just as the Trump administration is pivoting a security strategy that would go towards America and not towards Europe.
Daimon alerts. Be careful, because this could be a huge mistake that directly harms European photography more than American photography. The other fundamental element says, uh, like Trump, uh, he 's downplaying Europe. He says he is prioritizing America and the southern border, leaving Europe in the background.
He also describes the continent as a path towards the elimination of civilization. That's a really harsh statement, isn't it? Uh, from the documentary, right? From the official photograph. Diamond Sinombra Trump directly says that he is saying the opposite, that Europe cannot be considered a lost cause in this case .
So why does Diamond keep insisting? Why is Jaie Diamond and JP Morgan getting so deeply involved in this? JP Morgan announced $1.5 trillion for defense, resilience, and economic sectors. strategic technologies up to 10,000,000,000 from the bank itself for reindustrialization with priority areas in supply chains, advanced manufacturing, aerospace defense, defense and aerospace, energy and energy independence, and frontier technologies.
Daimon warns, the United States is painfully dependent on unreliable actors: China, critical minerals, foreign manufacturing. And he says, "Trump is right about one thing. The Trump administration is cutting red tape in the United States and that's positive, but what about in Europe?" In a polite way of saying it, "Europe should do the same, the United States is doing it, it's gaining competitiveness, but Europe is falling behind, behind because of bureaucracy and slowness." And we could ask what they're doing on Wall Street talking about this, what Diamond is saying, this directly affects Wall Street.
This directly affects companies listed here in the United States. If Europe falls, the United States also loses, says Daamond. Trump looks inward. Diamond is asking us to look towards Europe and strengthen it. And meanwhile, JP Morgan preparing for a more militarized, technological world is not the only key element of the day.
Be careful, because in the geopolitical aspect, which is also very closely linked to the economic aspect, and very closely linked to what is happening around photography, including geoeconomic photography, there is this movement. Look, the Washington Post says that Zelensky rules out giving up land to Russia and refuses to bow down to Putin or Trump.
He says that Zelensky has already told him that his country will not cede territory, will not accelerate peace talks, will not appease Washington, and will not be under pressure from Moscow. The message is very harsh from Zelensky, who, along with Starmen, has begun to see the picture around him, as he is starting to realize that the environment surrounding the peace plan does not seem to be emerging as expected. The other one.
Comments 0