Whether or not at this point in the economic pandemic cycle they need to spend that bullet. They will be doing some things that are more accommodative. It will be difficult for them to reverse that policy somewhere down the road. Jonathan mike swell of Goldman Sachs is with us. On treasuries, on bad news being bad news, is that your view of things, how high can we take 10year yield . Mike great to be with you, jonathan. On the there is a cap treasury market, and its really the result of looking away from the slow term where there are certain instances where people think about growth postcovid. We see significant vaccine implementation. The jobs report, it will take a long time to get back to normal. The fed will be on hold for the foreseeable future. As a result, you will not see a 50 basis point increase in the 10year. People should sit tight and recognize that rates will stay low for the foreseeable future. Today proves that we will be in this odd situation where markets will look fo
U. N. Secretary. Thank you. Thank you for having us. Were delighted to have you both. So, let me start with you, if i may, doctor. Could you give us a global snapshot of Energy Poverty, where things stand, what populations are affected and what kind of repercussions are for gender equity and employment in the areas of the world that are most affected. Thanks again for having us. I think to just talk about what the Rockefeller Foundation has done and under the leadership of secretary munoz is looking at how we can end this Global Partnership and Energy Poverty. And as you ask, and rightly so, what is the global landscape. Let me start with my own continent. Africa accounts for only 2. 3 of the 270,000 hours of electricity generated. Asia is only 7. 8 . Its africa but also south and central america, its 4. 9 . When you look at those three, africa, 3. 2 , india, 5. 8 , and south and Central Africa america are just 4. 9 , you see theres still large swaths of the global space that is energy
Institute business and Society Program. It is my great pleasure today to welcome to the screen with me two fellow travelers of the business side a program come longtime friends of her work hoosier deep knowledge i would say about both the forces any ideas that influence business decisionmaking. The business and Society Program as a take a look at rogers book, a couple of for visit to fully engage with, think black hawk, but also to shift the mindset of Business Executives, what you believe to be true and what they design their businesses to achieve. Over these goals are in pursuit of Better Business outcomes. Rogers brandnew just released today book, hank you roger for being part of this writing muste a part of this journey, fits squarely in this domain. The book is called when more is not better overcoming americas obsession with economic efficiency. Both alan and roger are known to many of you. Roger martin is professor and former dean of the school of management at the university of
We start with an Epic Battle Raging On Wall Street that has seen small time Amateur Investors take on the titans of the hedge fund industry. Its all centred around this company the struggling us computer Game Retailer gamestop. It shares have soared at much as 1700 after a group of private investors used online forums to drive up their price. And that has raised serious questions about how Financial Markets operate in the era of social media, as paul hawkins reports. This is a story of david versus goliath, of the amateur online investor beating the Big Traditional Wall Street traders. At the centre of it, gamestop, a struggling American Retailer Selling dvds and video games. A number of the Wall Street Traders picked up on its problems and bet money that its share price would fall, known in the business as shorting a stock. Only for this particular stock, Amateur Investors swapping tips on the social media site reddit saw it as an opportunity. They bought shares, which actually drove
Look at the really disinflationary dampening you are seeing in the bond market. I dont want to make a big deal about it, but yield gives way to lower yield. Im looking at fiveyear, fiveyear breakevens, and there is a little bit of an ebb, an increase in the disinflationary tendency. That claimsort number at 8 30. Francine a really important one, and we have some great interviews coming up from the Bloomberg New Economy Forum focusing on health today. A conversation also with bill gates. Lets get to first word news in new york city with ritika gupta. Ritika joe biden warns that the delay in starting the president ial transition could set bet the effort to distribute the coronavirus vaccine. Could setback the effort to disturb the coronavirus fencing. Trump thent Trump Administration is being urged to begin working with biden. Wisconsin Election Officials have ordered a partial vote recount that was requested by the top by the trump campaign. There will be recount in two heavily democrat