Institute. An extraordinary year to look forward to. Abby, thank you for being with us. Much to talk about in the next halfhour. I want to talk about your new effort, thinking about immigration, what it means for the fabric of the nation. We must talk about the central bank. We have to talk out the markets. You have been the gloom crews great pinata. They love to go after you in good times or bad times. We cannot possibly go up and once again confounded not only off the gloom of last december but confounded over one year, two years, five years, 10 years to good and substantial equity returns. When does it end . Abby well, tom, first of all thank you for having me here for this discussion. The gloom at yearend 2018 in many ways set us up for a good start into 2019 in the markets. I think what is priced into the market now, is an economic scenario that seems to be the most likely. No recession, the economy perking up a little bit, corporate profits in midsingle digit, maybe a little high
With the Cfa Institute. An extraordinary year to look forward to. Thank you for being with us. Much to talk about in the next halfhour. I want to talk about your new effort, thinking about immigration and what it means for the fabric of the nation. We must talk about the central bank. We have to talk out the markets. You have been the gloom crews great pinata. They love to go after you in good times or bad times. You cannot possibly go up and once again confounded not only off the gloom of last december but confounded over one year, two years, five years, 10 years to good and substantial equity returns. When does it end . Abby well, tom, first of all thank you for having me here for this discussion. The gloom at yearend 2018 in many ways set us up to a good start into money 19 in the markets. I think what is priced into the market now, is an economic scenario that seems to be the most likely. No recession, the economy perking up a little bit, corporate profits in midsingle digit, maybe
Lebanon had sought his release a week before he fled tokyo. Welcome to surveillance, i matt miller in berlin for francine lacqua. Lets check in with what is going on in the markets for the first trading day of the year. The stoxx 600, the broader european stocks index, is gaining 0. 8 . Futures that are rising as well. We could see a positive start in the u. S. We have a ton of pmis out this morning. I just had germany at the end of the hour. 46. 7. 46. 3. E looking pmi is still weak wherever you look. I thing we had italy or france and they were also pretty disappointing numbers. Coming up, a couple big interviews on the docket for friday. Chicago fed president charles fed president the chicago fed president joins our colleagues at 4 00 p. M. London time tomorrow. Set your dvr, because at 6 00 p. M. , we have the cleveland fed president joining Bloomberg Television. Another interview you dont want to miss. Lets get the bloomberg first word news in new york. Happy new year. Iranaqi mil
Available to the public for research and we host an ample number of programs. Thisevening , Anthony Pangaro who is a good friend of the Historical Society will do the honors of introducing our speaker. I wanted to take a moment to greet everyone and welcome you to the massachusetts Historical Society so without further ado i turn it over to Anthony Pangaro. [applause] good evening everyone, thank you gavin. Gavin has put together a terrific number of programs at massachusetts historical including definitive conversations about the era well over ayear ago which is where i first met liz. Its a pleasure for me to have a pleasant task of introducing liz and the book. How to begin . This is a book about a lifetimes work, about a career based in the strong premise that cities were important and vital to civilization,vital to this country, not only the world and i think liz has captured it. Ill let you her tell you about the book but ill tell you one story about it which lets you know how i f
Vonnie may be the chinese economy is coming back. Maybe the government wants to get their arms around that and make it more transparent and a little easier. Peter the fact that there are more defaults is not by itself bad news. They were suppressed before. You had a lot of Zombie Companies that were being kept alive artificially. Now companies are being allowed to default. The late Carnegie Mellon economist used to say capitalism without failure is like Religion Without sin. David exactly. If you will have a healthy capital market, you have to have a way of people to falling. It is true in new york and london. Maybe it will become true in china and beijing. Peter today the chinese leadership came out with a concept for how to regularize defaults in china so that things are done by the book instead of in an ad hoc kind of under the table sort of way. Vonnie inc. David encouraging news out of china. Thanks so much to peter coy. Now we want to turn to sonali vasek. Talking about banks, we