The s p 500 is the worst we have seen since march. A lot of it does have to do with what is happening in health care. Disappointing earnings as well, this morning. Weve got this agreement between amazon, jpmorgan and Berkshire Hathaway to provide Health Insurance for those companys employees those companies employees. It is unclear what the details of this Health Care Plan will look like, what it is putting serious fear into the Health Insurance industry, especially because amazon is involved. As we have seen over the past year or so, every time there is a whisper of amazon getting into a new business, whether it you are talking about groceries or some other business, we have seen stocks in that industry amazon is seen as such a dire competitive threat. Cbs, we also have the various Pharmacy Companies that are falling in todays session. Cbs, walgreens and rite aid are following are falling. Take a look at the bloomberg, because we have seen health care as one of the leading groups in t
I am mark barton. Check out what is happening to the markets. We got the stoxx 600 falling. Investors digesting those comments from janet yellen in jackson hole on friday. The bloomberg dollar spot index is at its highest level since august. The fed rate hike gets pushed up after the jackson hole event. Lets look at the price of the 2year note. No movement today. 84 basis points. The yield did rise by 10 basis points last week. On friday, he hit the highest since june 2. Old moving once again, most since july 25, falling for a seventh consecutive day. Longest stretch since may the 30th. Highest rate hike. That is not helping the precious metal. Lets get Bloomberg Business flash with sebastien selleck. At the bank of japan may target to close in the ground. [indiscernible] might startbank buying bonds of local governments and public corporations to fund such projects after its september meeting. That will stop short of federal spending. A spokesperson from the boj declined to comment. A
Has enough been allocated to make it happen sooner rather than late center operationally, is the emphasis on National Governments or state governments or both and local . If you find a National Government is unwilling to be as transparent as we want them to be, do we look to bypass and go to a state . Obviously in the u. S. Its the states and local government that carry the heavy burden of providing electricity. Is that model being replicated in africa . In terms of the electrification, obviously we have stateoftheart election the fix indication here and i have visited virtually every electricity plant in my state over the yeares most but not all they obviously have many environmental safeguards, scrubbers to make sure what comes another the chimney does not lead to temperatures as healthwise because of pollution. Are those kinds of environmental sustainable best practices being incorporated in what we do . Seems to me theres so much on the shelf capability and knowledge that it would
We use form policy tools to support stability and Economic Development in africa by increasing access to electricity to lay the groundwork for a stable and Prosperous Energy sector. Im here representing the bureau for Energy Resources to focus on Energy Equities around the world to see to elevate their broader foreign policy. Firstever like to a knowledge of house for paying attention for poverty in africa through the power aftertax. Clearly africa it goes through historic transformation of the bureau for Energy Resources is working hard to help governments responsive lee developed their Energy Resources to accelerate the reform of the electricity system that will then encourage private investment and support Economic Growth to support access. With the Interagency Team and we have one of the strongest in my 40 years of government, within the framework it is focused on three main areas, and promoting Good Governance to oil and Gas Resources but also for into the Energy Sector as well in
United nations and the world bank and we hope to track to expand the generation transmission and distribution all key sectors. As an active participant in the team focused on the policy framework to improve the enabling environment and reduce the risk for investors through the consistent diplomatic engagement through the embassys and with the embassies in washington, the state department is working to ensure that the transactions that have the emphasis needs to structural policies and governance changes that will encourage even more investment. We have positioned a senior Career Foreign Service officer in the region who is working with our embassies to enhance and focus our diplomatic efforts while minimizing the cost. We are also Planning Regional training sessions sessions the world created the Energy Knowledge and skills of our economic officers in the embassies and in the region. We are very excited about the beyond the grid and and initiative that of the sub initiatives have as pa