December 15 for tariffs. A lot of focus is on the next 48 hours, we have an important poll for u. K. Elections that happen on thursday. Two days of campaigning left her leaders and two days of possible market movement. Conservatives have a clear majority over the labour party he read the japanese 10 year yield did touch 0 . Coming up on bloomberg surveillance, do not miss our exclusive information with Philipp Hildebrand from blackrock. Days ahead of the u. K. Election, Health Service funding , that brought an awkward encounter for Boris Johnson and a reporter. The Prime Minister confronted with a picture of a sick child forced to sleep on the floor of a hospital because of a bed shortage. Johnsons conservatives are 12 points ahead of the opposition labor party. The saudi arabia is embarking on three years of spending cuts as the Government Faces a widening deficit. A Fiscal Program marking a shift away from the stimulus helped power nonoil Economic Growth with opec output a drag on ex
C the committee will come to order. Without objection, the chairs authorized to declare a recess of the committee at any time. This hearing is entitled promoting stability, reviewing the administrations deregulatory approach to Financial Stability. I want to inform all concerned that this meeting will end at 1 00 p. M. Per the request of the secretary. I now recognize myself for four minutes to give an Opening Statement. So let me welcome back secretary mnuchen. Today we are here to discuss the Trump Administrations actions that have undermined and not promoted our nations Financial Stability. As i have said many times before, i am very concerned about this administrations actions to eliminate important protections for consumers, investors and our economy. It appears that our banking regulators are following the deregulatory blueprint that the Treasury Department, under secretary mnuchens leadership, has mapped out point by point and rolling back many of the Critical Reforms democrats
Historically it may end up being more and more of an an oration that his experience was the whole yield curve Interest Rate environment. We had a misery index back then where you add unemployment and inflation together. It was up in the low 20s. We may never see that again i hope we never see that again unless we do if we do, that means something is very wrong. A man and his moment can you imagine a fed being so taking really the world on in terms of im going to break the back of inflation, i dont care what happens to go to 21. 5 on the prime. What year is it now, 2019. He dies at a pretty old age. 92 years old. 92 years old and struggling to get to 2 because he harnessed or vanquished it so effectively when he did. He will be remembered. He was a very tall man and nice man. I know you spent some time with him. He was on the show a lot he was. The same day, you are dealing with cookie monster or what was it, oscar the grouch you are oscar the grouch. The puppetear behind big bird passe
Economic policy that bears his name and whether its enabled japan to recover from its lost decade and in the fight against Climate Change we meet the scientists in california working on genetically modifying plants to help soak up greenhouse down. There is right now a rebellion in latin america against inequality austerity and the politics of more of the same its not dissimilar to uprisings elsewhere springing from what looked like the most innocuous of changes think about chile and we looked at it a few weeks ago in fact with the rise of train fares led to street protests which then morphed into calls for an end to neo liberalism the idea of leaving everything to the markets and then there were the countries who went looking for help in argentina a sitting president was voted out of power in a protest over all sterile measures imposed by the International Monetary fund it was a condition of a 50 7000000000. 00 bailout and in ecuador it was the i. M. F. s involvement which forced the p
To a weaker dollar and higher yields across the globe. Time now for global exchange. We are going to bring you todays market moving news from all around the world. Our bloomberg voices are on the ground with this mornings top stories. We want to start with the breaking news in the u. K. The pound is strengthening against the dollar on brexit optimism. Francine lacqua is live at westminster. Give us the lay of the land as we start trading this morning. Francine i have to say, you are absolutely right. You have to look at the currency. Theres this renewed optimism after a lot of ministers say they will be able to pass this first, we dont know whether Boris Johnson will be eight able to push his deal once again through a vote in parliament. Cow in the past has said no because this is the same deal. We could have various moments forcing the Prime Minister to ask for a referendum or forcing the u. K. To stay in the customs union. If it gets amended, word on the ground is that the Prime Mini