For george w. Bush Steven Hadley now with the atlantic counsel. Well have opening remarks and then switch over to the executive vice chair. I would like to extend a few thanks to some of our partners here with us today, penny, michael margolis, thank you very much. Without further ado, ill turn it over to you. Well, thank you, julia, and my thanks, also to steve hadley for moderating the discussion. Congratulations to the Atlantic Council for the opening of the center for geoeconomics. After having looked at your goals, its an extremely timely undertaking. More broadly now more than ever, the Atlantic Councils mission of a strange transatlantic relationship. Covid19 has affected our way of life. As a look to the future, that the right values guide us in a postcovid world. Thats why the transatlantic relationship so important. It represents over 40 of the worlds gdp and nearly half of global personal consumption. But it is about much more than the economy. It is a community of values th
Senior fellow and Deputy Director [inaudible] economics and i have the pleasure today to welcome my former boss from the department Justin Muzinich for discussions on the transatlantic economy. He will start with opening remarks and switch over to a moderated conversation with former National Security adviser and executivadvisorand executive Atlantic Council, steve hadley. I would like to extend a few thanks to some of our partners who are here with us today. Thank you very much. And now without further ado, i will turn over to you. Thank you, julia and to steve hadley for moderating the discussion. Congratulations on the opening of the center for geoeconomics. Having spent time looking at your goals, the center is an extremely timely and worthwhile undertaking. More broadly, now more than ever, the Atlantic Councils mission of fostering a strong transatlantic relationship is important. Covid19 has disrupted the economy and our way of life. As the world looks to the future, its importa
On the transatlantic economy. He will start with opening remarks and switch over to a moderated conversation with former National Security adviser and executivadvisorand executive Atlantic Council, steve hadley. I would like to extend a few thanks to some of our partners who are here with us today. Thank you very much. And now without further ado, i will turn over to you. Thank you, julia and to steve hadley for moderating the discussion. Congratulations on the opening of the center for geoeconomics. Having spent time looking at your goals, the center is an extremely timely and worthwhile undertaking. More broadly, now more than ever, the Atlantic Councils mission of fostering a strong transatlantic relationship is important. Covid19 has disrupted the economy and our way of life. As the world looks to the future, its important that we not just restart Economic Growth, but that the right values guide us in a post covid world. Thats why the relationship is so important. It represents ove
Investors concerned about rising Coronavirus Infections and what that means for the recovery. Global deaths are approaching one million with record cases in france and the u. K. The Trump Administration given an ultimatum over tiktok to delay a ban or respond in court. Ban isnt trumps due to take effect on sunday. ,aidi it was a meandering confused session in the u. S. Investors seemed to be trying to work out where the lead was. Investors weighing the scanned prospects of another stimulus package against a resurgence, the second wave we are seeing across europe and the u. K. Modest gains but the s p has wiped out all of its gains for 2020. Futures trading up by. 3 at this point. When it comes to the asian trading day ahead, the nikkei 225 regaining a little bit of positivity. Modest gains of. 1 , trading in the futures session in chicago. In sydney, we are watching as to whether this surge we have seen in growth shares will continue. The msci australia index jumping to a record high c
Other. Yesterday, down over 200 adding that, you are down more than 1,000 points of decline in early session right now. Well see what the market does as we get close tore reopening and of course to the closing bell today s p 500 down 33 and nasdaq down 101. The central bank indicated it would keep Interest Rates near zero projected that the u. S. Economy will shrink by 6. 5 in 2020. They do see a gain they are expected by 5 in 2021 followed by 3. 5 gain in 2022 and will continue increasing Bond Holdings and Mortgage Backed securities at 40 billion a month. Take a look at the 10year note, yield now sitting at 0. 698 . Crude oil prices have also come down a little too. Wti is down about 3 this morning. Ticking at 38. 38 a lot of this is because of what the fed is you no saying you are really expecting some tough economic sledding. The news out of 12, 13 states probably not great either. I think it would be hard for me to sell right now. You wait around. We dont invest. You would have wis