Challenges that australia is facing with the wildfires that are impacting australia in such a dramatic and negative way. And they are in our thoughts and in our prayers. As well, we also are focused on the passenger list of the aircraft that was lost in iran two days ago. All of those souls are in our thoughts and in our prayers today. Im john allen. Im the president of the brookings institution. And were very honored to have you with us. Happy new year. Were very pleased this morning to welcome the secretary of the army, ryan mccarthy, who is our distinguished guest and our great ally in helping to study the future of the United States army, the defense department, and the challenges that we face in the security environment. Secretary mccarthy was confirmed last year by the u. S. Senate, and after having served in that capacity as an acting secretary for a number of months, he has now assumed the full responsibilities on all the matters relating to our great United States army, to inc
A daunting proposition when the weather is going to turn to 97 degrees later this week. To the day,his is, the anniversary of when it happened in 1997. Questions. A lot of in the meantime, it is a quiet morning ahead of the u. S. Open. Some muted price action. Brent crude reaching the highest level since may. German three year yield dipping a basis point. On theg market currency heels of a less bad that expected gdp report from china. David today we mark the beginning of a big week for bank earnings. At 8 00,with citi tomorrow. Y jp morgan we also get retail sales and Industrial Production numbers. Companies Tech Companies face questions on capitol hill. Netflixy, we get earnings. Thursday, gm unveils its own new made engine corvette. In british open begins northern ireland. That is all coming up this week. We are joined today by Gina Martin Adams and damian sassower. Lets start with those china numbers. I will put up a chart that basically shows what happened. It was the lowest on rec
of the government s plans. hundreds of thousands of workers go on strike in uk today more could be the biggest walk of industrial action since last year. a state of emergency has been declared in malawi with more than 200 people now confirmed dead after storm freddy hit southern africa for the second time in a month. and a small number of wolves have started to settle in belgium, for the first time in more than 100 years, as numbers increase across europe. hello and welcome to bbc news. let s begin today with the latest from pakistan, where the police appear to have stopped the operation to arrest the former prime minister imran khan. it appears to be due to a cricket match taking place. they say they will resume trying to arrest him afterwards. unrest continued in lahore through the night as imran khan s supporters clashed with security forces after police made another attempt to arrest him on a court order. he has accused the authorities there of acting outside the law in t
This is Bloomberg Markets asia. Rishaad lets have a look at the big one. 189s bring up this chart, on the bloomberg terminal. What does the show . Unemployment rate. I refer to that because it is the big yoelater. At unemployment, Holding Steady at record lows, or decade lows, i should say. Seasonably adjusted. 4. 1 here. Wage, wet the annual ratehe unemployment go down. We go back to 2008, and wages are pretty high. Then, they plummeted at the Unemployment Rate went up. Around the 10 level. This is a fine line. Unemployment versus wage growth. More wage growth needed to engender some sort of inflation to take the inflation rate in the u. S. Higher. Likeng at that, something 8 30 hong kong and beijing time. Dont hold me to that. Im not sure. [laughter] haidi here in asia, it is pretty data light when it comes to the inflation. Reserves looking m at the impact. Global synchronized growth story. 30 minutes out from the open in china and hong kong. Singapore, thailand, malaysia, joining a
Welcome to power lunch, everybody, and it is a far, far, far cry from where we were 30 years ago on this day. The dow is pulling back today after smashing through 23,000 with a big gain yesterday. But remember 20 years ago, down 23 . Today down about 23 points, Something Like that. Apple and Goldman Sachs leading the dow a little bit lower more on those stocks coming up adobe shares today soaring after reporting strong earnings. Better than expected guidance. Analysts also liking liking the companys Artificial Intelligence platform. Thank you as tiler said, the markets lower across the board but not close to what we saw 30 years ago today when the Dow Jones Industrial average fell. A look back on black monday. And i guess, bob, to put it in context, a 508point drop, which today seems like not much. The equivalent drop today would be 5,200 points. Simply staggering. Thats right. The dow dropped 508 points, brian, 22. 6 , the biggest oneday decline in the history of the stock market. On