Investors drop saudi stocks in light of the caution case and the last of the big Foreign Companies pulls out of a key Investment Summit in rio officials are scrambling. Just one notch above junk status a Credit Ratings downgrade for italy but other markets actually worried. Joe kayser the c. E. O. Of german industrial giant siemens announced today that hell pull out of the davos in the desert now thats the massive Investor Conference set to begin this week in riyadh move may not be a surprise in the wake of the suspected murder of journalist jamal. But for kaiser and his company its not an easy one. Preparations are well underway the mood though is muted said his future Investment Initiative a conference known by some as davos and the desert kicks off in riyadh on tuesday
but the number of participants is dwindling delicious Business Leader to pleasure the event is this man seaman c. E. O. Joe kayser he announced his withdrawal following pressure to respond to allegations of saudi invo
I think. Investors drop saudi stocks in light of the caution case and the last of the big Foreign Companies pulls out of a key Investment Summit in riyadh officials are scrambling. Just one notch above junk status a Credit Ratings downgrade for italy but other markets actually worry. Joe kayser the c. E. O. Of german industrial giant siemens announced today that hell pull out of the davos in the desert now thats the massive Investor Conference set to begin this week in riyadh move may not be a surprise in the wake of the suspected murder of journalist jamal shogi but for kaiser and his company its not an easy one. Preparations are well underway the mood though is muted said his future Investment Initiative a conference known by some as davos and the desert kicks off in riyadh on tuesday
but the number of participants is dwindling delicious Business Leader to pull out at the event is this man seaman c. E. O. Joe kayser he announced his withdrawal following pressure to respond to allegat
of tricks to try and make it work but the stability pact has always been short of teeth that it doesn t bite the ultimate sanction has always been to find the country is running excessive deficits but no fine is ever been imposed and indeed we have all the crazy things to do to find a country that is in budget troubles so they try to rely on lots of surveillance and so-called successive deficit procedure makes it sound all sinister but if the stability pact works at all it s probably by causing reputational damage to a country that looks if it is running in a budget that s too great well what about market pressure in this case we know that moody s has downgraded italy s credit rating what does that mean exactly and what kind of pressure does that put on italy s government well it does in the sense that it s been raising the yields on its own in the telling government budget that telling governments bones that out about three and a whole percent of something which is i think it s
of tricks to try and make it work but the stability pact has always been short of teeth that it doesn t bite the ultimate sanction has always been to find the country is running excessive deficits but no fine is ever been imposed and indeed it would be at all the crazy thing to do to find a country that is in budget troubles so they try to rely on lots of surveillance so called success a deficit procedure makes it sound all sinister but if the stability pact works at all it s probably by causing reputational damage to a country that looks if it is running a budget that s too great well what about market pressure in this case we know that moody s has downgraded italy s credit rating what does that mean exactly and what kind of pressure does that put on italy s government well it does in the sense that it s been raising the yield on it and the telling government budget that telling governments bones then out about three and a whole percent of something which is i think it s
for everyone going after everyone and trying to find out where they fit in this administration. all right. arthur laffer, jeanne sahadi, thank you both. we appreciate it. all right. well, new meaning to life s a beach? new jersey governor chris christie caught on camera, lounging in the sand, right after he closed the state s beaches to the public because of budget troubles. you ve got to hear the answer when we come back. family s hectic home: its raised 1 dare devil, 2 dynamic diy duos, and an entrepreneur named sharon. its witnessed 31 crashes, 4 food fights, and the flood of 09. it s your paradise perfected with behr premium plus low odor paint. the best you can buy starting under $25. unbelievable quality. unbeatable prices. right now get incredible savings on behr s top-rated paints and stains. only at the home depot.