Lets take a look across assets. We can look at the bond market as well as currencies. The bank of japan decides not to change anything with their stimulus. The euro is also strengthening against the pound. The 10 year yield is falling by one basis point. The sell off is continuing in the german bund market. David lets see if there is newse outside the Business World. Mma the white house is taking a victory lap after Congress Passed a landmark tax reform bill. Sident trump thomas promise that u. S. Companys would stop relocating overseas in the bill that the Corporate Tax rate from 35 to 21 . Taxof americans believe the bill was written to help the wealthy. When ale were injured van was driven into people. They described the driver as an all trout an Australian Citizen of afghan descent. British Prime Minister theresa may is moving into a Charm Offensive in poland where she will try to win more friends before talks on brexit trade in march. Shes making the trip after toling her deputy h
Slightly. Hasnce minister of japan repeated his call for higher wages. He says that japan can help that recovery by raising gas pay plus business investment. Market ther tightest labor market in years is in japan. Bitcoin has stemmed a decline over the Holiday Weekend after failing to hold a selloff that began when its rally fell short of 20,000. The tumble coincided with warnings from financial authorities about elevated risk in digital coins. Israel has banned companies from trading bitcoin in their exchange and Mitsubishi Ufj is bracing for a Bitcoin Exchange to fail. Vietnam has evacuated hundreds of thousands of people from the mekong delta ahead of a powerful storm was killed at least 160 people in the philippines. It is expected the storm will hit the deltas southern tip with heavy rain and strong winds. In typhoons hit the area 1987, Tropical Storm linda killing over 100 people in leaving more than 2000 others missing. Global news 24 than 2700 journalists in more than 120 count
Higher, apparently because of reports the Chinese Government was buying less of them for its Foreign Exchange reserves. This comes just when the u. S. Treasury was going to have to be borrowing more to pay for this tax cuts. To take us through the possible ramifications, we welcome alex wayne in washington. Welcome. What do we know about this . Alex china indicated to us that they have less of an appetite for u. S. Treasuries. That could be bad for the u. S. In a couple of ways. Slightly already raised yields on u. S. Debt. 2 the Congress Just passed a huge tax measure is going to add 1 trillion and a half dollars to the debt over the next 10 years. If we have to finance that at higher prices, thats bad for the deficit and the debt. It also could have spillover effects like Mortgage Rates rising, for example. What happens if people start seeing mortgages maybe approach 5 , a level we have not seen in many years . Shery but china is very much deeply invested in u. S. Treasuries. Would i
Recognize me if my tie was fixed, but ok. Just leave it this way . Alright. David i dont consider myself a journalist. Nobody else would consider myself a journalist. I began to take on the life of being an interviewer, even though i have a day job of running a private equity firm. In how do you define leadership . What is it that makes somebody tick . David you actually started out, you wanted to be an actor, and after a number of years you abandoned that. Have you ever thought that, you know, the country and the world has now missed having another de niro or pacino by your not being in the acting world . Leslie no, i think it was a great benefit to america that i decided to give that up and go to the other side. I think fairly early on and i was smart enough to realize that probably three or four or five years into my acting career, that i was sort of a mediocre actor. I was also tending bar more than i was acting during those years. And i looked around, and i said, you know what, th
Tie please . David people wouldnt recognize me if my tie was fixed. Leave it this way. All right. David i dont consider myself a journalist. Nobody else would consider myself a journalist. I began to take on the life of being an interviewer, even though i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . You actually started out, you wanted to be an actor, and after a number of years you abandoned that. Have you ever thought that, you know, the country and the world has now missed having another de or pacino by your not being in the acting world . Leslie no, i think it was a great benefit to america that i decided to give that up and go to the other side. I think fairly early on and i was smart enough to realize that probably three or four or five years into my acting career, that i was sort of a mediocre actor. I was also tending bar more than i was acting during those years. And i looked around, and i said, you know