Fcc chair ajit pai spoke about 5g technology and the need for the United States to lead the world in its development and the importance to think about security now before the system is established. It was hosted by the Wilson Center in dc. Good afternoon everybody, and everybody who is in line on the security line, and everybody watching us very soon on a cable network. I am jane harman, president of the Wilson Center and today we are probing a very complicated issue that is be doubling policymakers in washington and all over the world. At least three parts of that problem are the us, china and the 5g supply chain. The Wilson Center has just produced, let me get my prop, this is a prop, a spectacular policy brief by melissa griffith, who you will see in a little bit which is entitled there is more to worry about than huawei. She will explain in detail but run, dont walk, get this and read it. What captures the attention around 5g is Chinabased Huawei has led the way in developing the s
Is brought to you by your local cable or satellite provider. Cspan, your unfiltered view of government. Host brendan carr is one of three republican commissioners on the federal communications commission. He is our guest this week on the communicators. David mccabe of the New York Times is our guest reporter. Commissioner carr, this week there was an announcement by the chairman of the fcc ajit pai about the cband and 5g. Could you walk us through in layman terms what the Commission Proposed and what may happen . Guest 5g and securing u. S. Leadership in 5g has been our top priority at the sec and my top focus. Why is that . 5g is going to usher in a new era of economic opportunity, jobs, of Educational Opportunity for our kids. All these cutting Edge Innovations we heard about today from connected cars to smart cities, internet of cities will not work or not work well without 5g. The a lot of things that you do right. One of the ghost to question which a spectrum. We have to put out a
Vote for a cut now. Host another cluster of Companies Bring out earnings reports. They are going to write down wework that severely. We can adjust our set up to manage the situation. Everyone is getting a little more scared by the quarter. Sebastian the ceo of Goldman Sachs speaks exclusively to bloomberg. When we look back on negative rates, it is not going to look like a great experiment. Sebastian the current state of u. S. Monetary policy. I would say that policy is not that far off neutral. It is accommodative. We are slightly accommodative. I worry about the policy space we have. Sebastian that is all straight ahead on bloomberg best. Sebastian hello and welcome. This is bloomberg best, your weekly review of the most important Business News, analysis and interviews from Bloomberg Television around the world. Lets start with a look at the top headlines. Sunday, saudi aramco announced plans for an initial public offering. On monday, there was speculation about the valuation of the
Deal keeps stocks near alltime highs. Treasury yields rising. Gold falling below 1500. Shery huawei still see sales growth despite the longrunning ban on u. S. Tech. We hear from the fcc. First, lets get you breaking news out of south korea. We are seeing a balance of payment. 7. 4urplus widening to trillion billion in the month of september. This is coming from the previous month when the surplus was at 5. 2 billion in the month of august. That was also two consecutive months of the surplus widening. We have five months of surplus now after the country posted its first deficit in seven years back in april. It has been under a lot of pressure. We have september exports falling 12 . Now we are seeing 11 months of contraction for those exports and south korea. , alsood balance number seeing the surplus widening to from 4. 7on, up billion in the previous month. Numbers out of south korea when it comes to those payments current account balance. Lets turn to the Australian Market that has c
Yields keep on creeping up. This is the position we find ourselves in. We were looking for 1. 7 not long ago. The yen is weakening in the broad face of what has been Dollar Strength out there. Thai baht unchanged. Not surprising. Interest Rate Decision later on today. Possibility of another 25 basis points being cut. Cny sub seven, that is why we wanted to bring this up. Just edging stronger it would seem. Ourselves with the rally taking place which also petered out in the u. S. , though we had record highs for a couple of the indices, but it was a mixed bag overall is there also a sense that we could end up with a positive feedback loop as people have this fear of missing out on the rally . Lots of first word news telling us about the world. Here is su keenan in new york. Su we start with robert kaplan. He has told bloomberg that hes comfortable with the recent steepening of the yield curve, saying it is a sign that fed policy is in the right place. Hes previously voiced concern about