Citing the president s words on the campaign trail. President trump is proposing budget cuts across the increase inor an defense spending. The state department would be cut by 28 . The Environmental Protection agency would be cut by 30 . The pentagon would be increased by 10 . Lindsey graham caused the cuts dead on arrival. The spread of populism, giving win. s party a big turning back a challenge by the antiislam Freedom Party. Wilders did worse than the polls. Redicted he proposed blocking immigration by muslims. In asia the China Central bank is in step with the Federal Reserve. The bank of china increased cost of borrowing in open Market Operations and on mediumterm lending. The central bank said the increases do not equate to interestrate hikes. Global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. , this isa cehic bloomberg. Equities, bonds, currencies, commodities, we saw great move off of the fed action, a more dovish tone. Co
Security. Olivia s party was behind in the polls. The Prime Minister appealed to his supporters. Investors will be listening when policymakers wrap up their two day meeting in washington. The fed may remove an assurance that it may be patient before it raises Interest Rates. Janet yellen is likely to be questioned about the strength of the dollar and how it may affect monetary policy. Oil heading into another bear market. It is down for a seventh day in a row. If fell below 43 a barrel and closed and if it closes at that level it will be 23 offpeak. Inventory probably grew last week. In oklahoma state, they have frozen hiring and salaries. Brendan protesters have burned cars and thrown smoke bombs and rocks into frankfurt. Police responded with Water Cannons and tear gas. These are live cameras. The new ecb building is surrounded by barbed wire and barricaded. Facebook has come up with the way to send money over the web. You can use the messenger app to send money to friends. Facebook
People to underperform . Its important if you can to put part of your 401 k into retirement accounts that are geared to index funds. Good, great. Yes sir. The impact on religion before and i was wondering if you talk about how religion impacted money specifically i guess as an example the ban on collecting interest by the church. Its interesting. Some scholars have talked about religion came about because of money. Why is that . Jesus was preaching to poor people and mohammed was preaching to poor people. If you look at where coinages invented david graber the anthropologist writes coinage was invented some people say in greece and then you have a religious leader. Coins are also around the same time in india. In china confucius say so some people say that maybe the creation of money led to a response which is organized religion. The leaders and followers came from the poor people and people were disenfranchised. You are right not just in christianity but judaism and the corona talks a
Will come here and speak for a couple hours. Day one of negotiations. Nobody is expecting huge news but as jim has already tweeted out this morning, the market is going to look for signs that this tone of compromise that weve heard so much about all week long is that for real or are talks going to break down in early stages . The market specifically is going to depend on that tone today and well bring that live when the meeting happens a little after 10 00 a. M. Weve seen reaction of futures to the possibility of a deal. Weve been down for six of the past seven days but the dow this morning implied open is up 33 points. Sapp looks s p looks to add fiv. Here we have italy down threequarter percent and mixed bag for the rest. Carl . Okay. Were going to go to the road map this morning. That is where carl is in washington d. C. Reports this morning that hard decisions surrounding deficit reduction could be kicked down the road until 2013 in favor of a smaller package of tax increases and s
Birthday. Have i no doubt it will be marks best presentation yet. You might ask, why am i willing to go out on a limb this way . Well, as an economyism might put it, on the one hand, according to the website superscholar. Org, mark is one of the top 20 living economists in the world. I guess that designation is a gentle way of reminding us that as the no longer living economist john keens famously said, in the long run, were all dead. But i digress. Marks topranked status was echos by a can columnist who recently and given tonights subject matter fittingly wrote that mark has emerged as one of the clearest writers on our all matters economic today. The next Milton Friedman. Back to what economists would say. On the other hand, mark comes by his knowledge of Milton Friedman on a firsthand basis. As he will reveal in his talk, miltons paradise, my friendly fights with Milton Friedman. They had a dear but occasionally prickly relationship. They argued over issues but always remained cordi