State Senate President decided to run for governor and asked me to host a fundraiser for him in miami. On the day of the event he called to ask if he could use help setting up. He sent two young volunteers who interned with him in tallahassee. One of those young men was a 22yearold marco rubio. He immediately struck me as someone who was xreedingly bright, well informed and passionate about issues and policies exuded confidence and maturity rare for someone that age. I remember thinking to myself this young man has a bright future. Years since then, has certainly born that out as marco has established a head spinning streak of first mile stolens improbable electrical triumphs. In 1996 he was chairman in dave county at 27 elected to the west Miami City Commission against the well known opponent twice his age in 1998, at 27 elected to in 2000 elected to Florida House again against better known world front opponent. In 2007 he became youngest speaker of the Florida House on first hispanic
All three major averages down with the nasdaq leading, now down by mother 1 . It all has to do with concern over global growth. And to rotation of the fed minutes. The upside is that maybe with dovish representation of the fed minutes. The averages are now may be giving up their gains or getting closer to it. The yen has really been the big market story of the day. It continues to push higher to its level since october 2014 versus the u. S. Dollar. 1. 0 108. We have to look at options trading on the end. We have the highest level of in optionsf volume that we have seen since february. This is something that definitely has picked up. We have also seen a lot of folks who has been saying that the yen rally will not last. They have been giving up on that view as they have been forced into it. Alix this is the third day the s p has swung 1 . Weve havent we havent seen that since february. And gold is a beneficiary of that. Julie indeed. We have seen gold do well with once again. In terms of
As they warn that trade in china is not recovering as quickly as hoped. Shares in vw rally to the top of the dax today after the car makers new ceo vows to wrap up a recall of vehicles effected by the emissions scandal next year. Midweek in the markets. So we get to talk about beers, dont we . Its a little bit early but theres a big takeover battle brewing right now. Sab miller and ab imbev. This is the third attempt to try to buy up sab miller. They have a 34 premium to sabs last close when they first made this announcement to the markets. We have gains today up 3 so far. And actually ab inbev seeing good gains as well. Its hoping to get lucky with with an improved public offer for rival sab. They have offered 42 pounds a share for the british beer and that represens 44 premium to sabs Closing Price on september 17th. They rejected the two offers by the way at 40 pounds and 38 pounds a piece but the major shareholder is urging the board to try to accept todays offer and it is going to
Headquarters. I am francine lacqua. Chinese shares have slumped again. As the bureau downgraded its growth figures. Lets go to down s lets go to hong kong. He is richard frost. What happened today . Up d the market ended and it down pretty firmly, 2. 5 . It started brightly, gaining 1. 8 . What we saw toward the end of ,rade was the Biggest Companies china construction bank, plunging 10 . These companies have been the intervention. Te some of them running up 18 in just a couple of days. The fact fairly clear that those stocks were falling sharply meant that state intervention has taken a step back. They seem more comfortable allowing this marks to fall. Francine china told the other the turmoil is set aside. It does not look like it. Richard it doesnt appear as bad as the figures appear. Virtually every stock falling heavily. With does god up to one shares up. It could be a sign that there may be some retail interest coming back into the market. Some reassurance by what the Central Ban
China increased its gold reserves for the first time since September 2019 in November, with increased purchases expected amid Beijing’s diversification efforts and international financial market volatility.