European banking and their struggles but a lot going on across the commodity space as well. I am stunned by the gloom among the pundits in the last few days. I honestly can say i have never seen it. Each of them has an interesting shade and color. We will have some optimistic push optimism to push against the gloom. Francine when you talk about gloom, i know in davos, any ceos were optimistic and there is a reshift. Lets get straight to the bloomberg first word news with vonnie quinn. Consumer prices in china keep rising although they are still below the governments target price. It is the Third Straight monthly increase. Food prices with a big reason. Investors want to know exactly what the and come and president does incoming president of the philippines will do. He was elected with 39 of the vote and campaigned on a platform of fighting crime. He has sustained Investor Confidence on an economy that grew an average of 6 a year in the last decade. North korea staged a massive parade.
President obama said there are larger issues to be resolved and they wont be fixed by throwing bottles or breaking car windows. He spoke last night. The situation in ferguson speaks to broader challenges that we still face as a nation. The fact is, in too many parts of this country, a deep distrust exists between what enforcement and communities of color. According to prosecutors, the most credible witnesses told the grand jury the teenager Michael Brown charged that the Police Officer just before he fired the fatal shot. Turns out that chuck hagel did not put up a fight with president obama asked him to resign as defense secretary. One pentagon official said he was ready to go anyway. White house officials disagreed with hagel over policy. Hagel was frustrated with the white houses management style. None of that came up when the announcement was made yesterday. It has been the greatest privilege of my life, the greatest privilege of my life to lead the most important, to serve, to ser
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