Nabe is very privileged to introduce today a Nobel Laureate as the luncheon speaker. Angus deaton was cited for his work on consumption, poverty and welfare. Personally, i first had the pleasure of his work on consumer theory when i was a grad student back in 1980. He followed that with extensive work on measurement, notably of price indices which we business economists greatly appreciate. But professor deatons decadelong work on welfare, wellbeing and health have been mayor contributions to the economic literature major. And as the rest of us final hi became attuned to the problem of income inequality, these contributions have guided important Public Policy prescriptions and debate. Be his 2013 paper rising morbidity and mortality in midlife among white americans in the 21st century, resonates strongly this todays political environment. I extend a warm agreeing to sir angus deaton. [applause] [inaudible conversations] good afternoon. Its a real pleasure to be here. Thank you for that
Economists greatly appreciate, but professor deatons decadeslong work on welfare, wellbeing and health have been major contributions to the economic literature and this decade as the rest of us finally became attuned to the problem of income inequality here and around the world, these contributions have guided important Public Policy prescriptions and debate. His 2013 paper with ann case, rising morbidity and mortality in midlife among white americans in the 21st century, resonates strongly in todays political environment. I extend a warm greeting to sir angus deaton. Good afternoon. Its a real pleasure to be here, and thank you for that wonderful introduction. I think of myself as someone who has just gotten on with what i have been working on and im delighted that so many people are interested in this. I have been thinking about inequality i think since i was a graduate student in the 1960s. One of the things that i appreciate about the current environment is just the extent to which
Because the Foreign Ministers meeting is being read digital. British officials they johnson has spoken to his russian counterpart are gay love rob look toavrov and will have the visit as soon as possible. Justin trudeau will move to legalize marijuana by december of 2018. The Prime Ministers government will introduce the marijuana legislation that month. It would follow through on one of his campaign promises. Global news 24 hours a day powered by more than 2600 and analyst in over 120 countries. Im mark crumpton. This is a burden. This is bloomberg. Scarlet live from bloomberg world have orders in new york. Joe we are 30 minutes from the close of trade here in the u. S. Darla the s p 500 all but. Rased the loss almost 1 today joe the question is, whatd you miss . Scarlet canceling voting on the Health Care Bill, and the white house exceeded the other policy i alreadys . Opec optimism fading. The bullish sentiment is almost all gone with the surgeons of u. S. Drilling rigs and mounting
This is bloomberg surveillance. I am Jonathan Ferro in london. Attention, brazil and japan. Roubini was right. Everybody laughed when professor 5, as youid qe 3, 4, know from your conversation with the bank of england yesterday, more qe seems to be the order at the end of the year. Jonathan more from tom in a moment. Vonnie quinn standing by with news. U. S. And russia have signed a deal to avoid aerial accidents over syria. Aircraftment regulates and drone flights. The Usled Coalition has been bombing targets in syria for over a year. Russia launched airstrikes three weeks ago. Paul ryan says hes willing to run for speaker of the house but conservative republicans are balking at some of his demands. Ryan, chairman of the ways and means committee, spoke to reporters. Everis is not a job i have wanted. Im at the job i have always wanted. This is a dire moment not just for congress but for our country. I think our country is in need of leadership. Vonnie one of ryans demands, he wants ao
Pretty bad. Imf world bank, not many phones. Not many planes. Tom we have news right now, this does continue on, we are now indicating challenges. German confidence is actually very very low. Emerging markets and also because of the influence that russia is having in the middle east. Expecting 6. 5. Tom you see that in futures as well. You see it in yields. Breaking also getting news from volkswagen, so they are progressing 1 billion a year. Tom vonnie quinn is in new york. Vonnie good morning. There has never been anything like this in the brewing industry. Sab miller is being bought by ab inbev. One out of every three beers sold will come from one company. In china, imports are now on the longest losing streak, they fell for the 11th month in a row. Plus, domestic demand in china has been falling. There are reports that Russias Embassy has been hit by fire. A Russian News Agency says there was damage but no injury. There is report of Russian Military action in syria. A newrland is im