Coming up on the show, we have Dale Stafford. He will join us on all the dealmaking and unmaking going on. We will preview aprils retail sales. Jon looking forward to that conversation. S p 500 futures negative five. Switch over to the board very quickly. 1. 1345. Lar, foot. Llar is on the front yields are down by two basis points. What a week for wti. 46 thought. Flat. Lets go around the world for indepth coverage. Selena wang as the latest. We are 90 minutes away from the april retail Sales Numbers. Speaking of ecodata, guy johnson has latest on euro area growth. Julia tells us what to expect a day after Dilma Rousseffs suspension. Apple has found a way to use its enormous pile of cash and it could have an effect on the uber. Lets get the details from selena wang. Selena this is a huge deal. This is the single largest investment they have ever received. Was in talks to raise 2 billion. This is very unusual for the smartphone maker. They dont normally invest in startup funding rounds
Julie hyman with a closer look at the Economic News coming out this morning, including Consumer Confidence. 92. 6 is the Consumer Confidence index number coming out for may. By6 uses 96. 1 estimated economists. Lower than estimated. We have a lot of data, including the case schiller number and a personal spending increase that was the largest we have seen in seven months. We have been seeing strength in some of the economic data. That seems to be feeding into the narrative that the fed could move in june or july. Change in stocks. The s p and nasdaq were higher, but not huge gains and the dow is lower by four points. Not moving on the Consumer Confidence data. Aregroups on the move, we seeing more gains and losses in terms of the sectors in the s p 500. Telecom doing the best, followed by energy and utility. Discretionary with consumer are doing the worst. Apple is in focus after the rebound that the stock has been experiencing. Up 11 since a low on may 12. That was the lowest since ju
Look at the tenyear reaction. All of this on the eve of the big fed decision. Joining us is the chief executive officer for blackrock global fixed income. I know everybody wants to blame it on the brexit,ry, but the reality is the yield on the german bouund has been falling r 30 years so what does it tell you when the bonds of one of the biggest economies in the world are now a negative yield . So, first of all, i think youre right in terms of they have been falling for a while. Some of it is aggressive Monetary Policy and theres not enough bunds relative to what the ecb has been buying and that people use them to manage their risk and use them as hedges against credit, hedges against other sovereign risk so all of a sudden when theres a flight to quality you get the extreme moves that have created this dynamic today which, about by the way, bleeds into the u. S. Treasury market and other safe assets in the world today. Lets say its only the ecb or primarily the European Central bank d
Topic in the technicalities involved in the topics that people definitely recognized that this is a threat and this will only become an increasing threat as we move into a more interconnected digital age. We can talk about the internet of things or all of our devices Start Talking to one another, driverless cars. As we put more stuff into the cloud and are connected to each other that increases potential areas that can be attacked and we can continue to grow and Leverage Technology for good that we have to begin with security and how we protect that information. Guest another issue you have been active on congressman is something called the arrangement. Thereve been talks recently. Administration officials have gone to vienna and tried to list some of these export control restrictions for cybersecurity countries that have you done any update on how those talks went and is not what would you like to see as the ideal outcome . Will would be the final thing you would like to see happen to
Set the goal of rewriting the rules. s so more Companies Share profits with their employees, not just their executives, instead of shifting profits and jobs overseas, we have got the greatest country in the greatest economy in the world, lets start acting like it. Lets make it clear that the companies have to be part of that greatness [applause]. Lets set the goal of makinggoag sure that wall street and the wealthy pay their fair share of taxes. Of ways of now there are a couple ways of doing this. I have been proposing a number of them, something called thee buffett rule after warren buffetts. No millionaire should pay a lower tax rate than somebody working for him, like his secretary. [applause]. The people who have profited the most, even since the Great Recession of people now need to give back. This country hasry given so much to all of us. Everybody should share the burden. I have made a pledge, i will not raise taxes on the middle class, but, but we are going to raise taxes on c