Forum. Let me introduce each of the gentlemen here and then i will say a couple of broad words about where we stand in the Defense Budget to allow them to take off from where i leave off. We will have broad discussion among ourselves and go to you about half way through. Immediately to my left is former under secretary of defense who is pentagons comptroller. Bob has been through the battles of not only iraq and afghanistan but sequestration and shut down and has pretty much seen it all in the obama years where he was the comptroller for most of that period of time. He has been with hamilton but speaking today under his own and is also my former boss. I worked for him at the Congressional Budget Office. After that reflects badly in two ways by the time but as things turned out bob went to the air force and was comptroller throughout the Clinton Administration and spent a number of years in various pursuits. And then tom wright is sitting in the middle today. Tom is my colleague at broo
Are trading now, under 30 minutes until the finish of the friday session, stocks riding after a fourday drop. All of these currencies gaining against the dollar. Hitting a boost from the jobs report. Euro is up by three quarters of 1 . Sovereign. Odities, i want to talk about the big election that is taking place next week. Traders tend to increase hedging before an event such as an election, sending expectations for equity volatility high. This is not the case for next wednesdays dutch vote. And investors in the netherlands appear to be a bit more concern about a strong showing by euro skeptic Marine Le Pen in the april 23 French Election than politics and their own country. The benchmark and the netherlands is up by 6 this year versus a 3. 5 rise in the european benchmark. The best performance of the ax, axonal bell, unilever, they have been boosting boosted by takeover. They have been takeover targets that they both rejected. We have had data in the u. K. , manufacturing, constructi
President elect donald trump begins a new political era with a visit to the white house. Ast comes a little later on the republican meets with president obama to discuss the transition. Washington, wall street, and investors watch. Republicans moved to claim a mandate for their agenda of deregulating the Financial Sector and replacing obamacare. As we break down the promises and policies of the Trump Presidency, my guests are Sharon Ohalloran, jim rickards, author of a forthcoming book, one of the few guests that actually called the election, and International Reaction from Michael Fuchs a little later on for what this election means for business as we bring you more interviews. All that is coming up. First lets get straight to the bloomberg first word news. Heres nejra cehic. Nejra in the u. S. , thousands of demonstrators took to the streets overnight to protest Donald Trumps election as president. Demonstrations and vigils have taken place in urban areas as well as smaller cities. T
It means for the rate hike. And a glass halfempty. Bloombergs pessimist guide covers potential for chaos in 2017, including a merkel defeat. Less than 30 minutes to go until the start of your trading day, and this is how this huge market is shaping up. Matteo renzi, there is a plan b, according to the press. The italian treasury considering a plan b for the recapitalization of monte dei paschi. And germany just keeps on producing. Manufacturing comes in at 4. 9 . The market was looking for barely an inch higher,. 6 . It took us three days to recover from the brexit battering in global markets. It took us three minutes for Global Equity markets to recalibrate and reconsider what is happening in italy. This is your gmm function in terms of the g20 function. You can see that, as far as emerging markets are concerned, a little bit better. When it comes to the dollar, the rail up, the renminbi keep an eye on this. A great flash trade went through. It was saying the renminbi was worth 7. 5.
One of the largest shareholders to gain access to an executive and to obtain confidential details about the transaction in question. I spoke with mr. Cooperman within the last hour with the Hedge Fund Manager telling me that he will vigorously defend himself, that the charges are without merit and he will be vindicated. In addition, mr. Cooperman also telling me that omega was offered a settlement by the s. E. C. , which he turned down saying it was totally unacceptable. New at noon, our kate kelly just off the call with the s. E. C. Live in new york with the very latest. Kate, what can you tell us . Good afternoon, scott. The s. E. C. Standing very firm behind its 34page complaint right here that contains what really reads as some damning evidence against mr. Cooperman. Talking about how a Family Member of his who also was in the Hedge Fund Business noticed some of the options trades that are at issue here and said they look fishy, they look shady, and even that somebody should invest