Confidence ticking lower in november though still largely positive. Joining us for the hour is mark tepper from Strategic Wealth partners mark, welcome. Thanks for having me. Even as i just went through those different points that are driving the action today, weve got records again for the dow and the s p, albeit just barely. Right, yes. I mean, all investors are pretty much still riskon and whats most surprising to me is you have this news coming out of china where china is potentiallily bay lbalking at ae deal, but were at a new alltime high. The market has shifted from one of economic deflation to policy reflation and thats typically good for stocks, right a low inflation, Slower Growth economy is good for stocks over the next six to nine months, now would not be a good time to be underweight equities. You want to be pathetics right now. Is the trade deal priced into this market . I think completely, almost fully priced in right now. I think weve seen quite the runup over the cours
That is more than double last years number, prompting fears violence triggered by Hurricane Maria and its aftermath. Of customers in puerto rico are still without electricity nearly four months after the storm. And a little boy shot in the Sutherland Springs Church Massacre is returning home today after more than two months in the hospital. The sixyearold was shot five times. The childs two siblings were among 26 People Killed in the attack. He was traveling in style on his way home, traveling through town in a fire truck. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. I am alisa parenti. This is bloomberg. Emily i am emily chang and this is bloomberg technology. Coming up, drop dropbox jumping into the Public Market. Can the company avoid the pitfalls of going public . Plus, changing passwords on passwords, locking up data on companyowned computers. Those are some of the steps uber took to evade authorities in the past. We ex
From the peak in may. Taking the human out of Human Resources. We meet the woman whos software aims to automate the Personnel Process in the vibrant nigerian economy. Today a survey reveals that four in ten millennials have no Pensions Savings so let us know. Who or what will look after you in your old age . Just use the hashtag bbcbizlive. Sally, ill look after you in your old age. It will probably be a robot, he will do a betterjob of starting the programme than i did. We start in brussels where as youve been hearing European Union leaders begin a two day summit. Top of the agenda of Course Brexit after formal talks on the uks departure from the eu began this week. But there are different views around europe on what brexit should look like lets take a look. The new french president Emmanuel Macron wants to keep britain a close partner saying the Door Remains Open to the uk changing its mind about leaving. For germanys chancellor Angela Merkel its about maintaining the Core Principles
Also greatly affects our economy. So even from the perspective of narrow selfinterest, it is important for us to be mindful of those spillovers and spillbacks of our policies and take them into account. Policy coordination is difficult. Possiblenot sure it is given our separate legislative mandates. Contact in anlose attempt to promote understanding. And in crisis situations, when it is necessary to mount defenses because we are worried, for example about an incipient financial crisis, that network resulted in very close and effective coordination and cooperation. It has been important in recent years. Students are often told inflation is always and everywhere a monetary phenomenon. Yet you listed three reasons for inflation, none of which were too much money. What is the role of money in inflation . Chair yellen i guess i would is too muchn there demand for a limited supply of goods and services that is a situation that creates inflation. It ties in with the framework i articulated wi
Lets go to the back, please. Kyle with the brain corporation. In regards to the technological sophistication you touched on, social media campaign, have you considered given attention to crip toe currencies as a mean crypto currencies as a meens of financing. Yes. Just kidding. Absolutely. You know, were much like much like matt talked about a moment ago about prepaid card, the cryptocurrency, we as the United States government are starting to really take a look at the crypto currencies. I wont say starting to take a look, but were taking a look. Any source of fund, isil or any other terrorism group, whether its a criminal Organization International or domestic, we want to see how theyre funding, and any avenues whether its a cash courier or traditional financial institutions, as well as the cryptocurrencies. Crypto currencies allow a great avenue to transfer funds internationally with little or no oversight in many cases. So we are aware of that. Were tracking that. Any support that a