Seem first, welcome to the program, thank you for joining us. It does seem to be a bit of a monday. What does that 02 . Why does the investor looking to buy risk assets question mark james assets . James the fall to 2 is encouraging people to take extra risks, on the basis that they cannot find adequate return and fixed increase interest. So they are having return free risk rather than risk free return. Matt why does it make sense to buy u. S. Assets right now . If i look at the wei on my bloomberg to see the moves in equities, the big drops that we have seen in europe to date are astounding. 25 is the year to date drop. 8. 5 . P 500 is down it looks like investors will continue to bid up u. S. Assets, why . James if we look at prior periods where we have low real yield, we see higher valuations of good quality companies. In previous growth bubbles we have seen priceearnings move between 45 and 65 and adjusted 31 times. People would say isnt that really very low . Rates,s very low cash
New security laws needed to deal with what they say is the higher threat but opponents are staging. That the wall signals the end to Hong Kong Special status plus. The british Prime Minister himself walked down travel for minister Boris Johnson refuses to sack him and. Making rules that dont necessarily apply. To our viewers on p. B. S. In the United States and all around the world welcome the German Government is throwing a 9000000000 euro to the airline giant. Has been locked in talks for weeks now with berlin nailing down the terms of the bailout to survive the coronavirus travels slump if all goes through the deal will be the largest german corporate rescue since the crisis began. Lufthansas airplanes sit motionless on the airfield in frankfurt their engines covered in plastic its an image that symbolizes the weeks of standstill the company experienced during the corona crisis with hardly any flights or passengers or revenue but now the German Government will be helping with an eme
A little bit of housekeeping before we start , please silence your cell phone we appreciate it. Please remember to step up to the microphone. Before asking your question so we can enjoy the conversation and ensure this will beon recorde recorded. To buy copies of the book at the Cash Register up front. We will be doing a signing so if youre like to have a signed lineup next to the podium and please keep your chairs where they are we will have another event after this one. The reason we are all here it pleased to introduce stephen to all ofl you. A historian biographer and writer appearing in many publications including the atlantic and New York Times and washington post. In 2011 he received a guggenheim fellowship also the author of 17 books including cold warriors the codebreakers this afternoon he will talk about his new book Oliver Wendell holmes. He tells the story of one of the mosthe influential and one of the Supreme Court justices is in history and a definitive biography from t
And with no heating available at the camps there are worries that the cold weather will be deadly its a path that sounds of migrants have traveled over the balkans to reach the e. U. But the croatian border is impassable for most making this the end of the road for many who have made it to Bosnia Herzegovina local and National Authorities cant agree on a solution leaving migrants stranded and news ribble conditions and in the town of be hatched the crisis is escalating there are Asylum Seekers are being housed on a former landfill and officials want them to stay put. At least theres a Power Generator and northern boston is a blue check migrant camp so Abdulla Freddy can help those here charge their phones. That what you. Got. Hundreds of man mainly from pakistan and afghanistan have been living here for the past 6 months the site used to be a garbage dump and now many residents are suffering from scape these pneumonia or other serious diseases check is currently the most perilous micro
And with no heating available at the camps there are worries that the cold weather will be deadly its a path that sounds of migrants have traveled over the balkans to reach the e. U. But the croatian border is impassable for most making this the end of the road for many who have made it to Bosnia Herzegovina local and National Authorities cant agree on a solution leaving migrants stranded and news ribble conditions and in the town of be hatched the crisis is escalating there Asylum Seekers are being housed on a former landfill and officials want them to stay put. At least theres a Power Generator in northern bosnias boucek migrant camp so Abdulla Freddy can help those here charge their phones. That what you know. Hundreds of men mainly from pakistan and afghanistan have been living here for the past 6 months the site used to be a garbage dump and now many residents are suffering from escapees pneumonia or other serious diseases which have is currently the most perilous migrant camp in