Obama Warns of Recession If Debt Limit Isn't Raised
Oct. 8 (Bloomberg) -- President Barack Obama speaks about the U.S. government shutdown and federal debt ceiling. Obama, speaking at a news conference in Washington, also comments on U.S. trade talks and foreign policy in Africa. (Source: Bloomberg)
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Jullier: Market Reaction to Abe's Fiscal Plan is Logical
55:23 - The yen fell for the first time this week on prospects Japanese Prime Minister Shinzo Abe will push through a fiscal stimulus package exceeding 28 trillion yen ($265 billion). The currency weakened against all 16 major peers after Kyodo reported that Abe said such a program will be approved by Cabinet on Aug. 2, citing his comments at a speech in the southern Japanese city of Fukuoka. The slide spurred broad gains for the U.S. dollar, helping to weaken the Australian and New Zealand currencies. Citigroup Global Head of Equity Trading Strategies Antonin Jullier discusses with Bloomberg's Francine Lacqua on "The Pulse."