Of maniacs who invest in the stock market nasdaq, declined. 22 , you got to remember that rising bond yields like we got today and much of this past week, make investors feel more confident about the economy. When you see the yield in the benchmark moving higher, it makes you feel like we can avoid a recession. Regular viewers know i think the fears about recession are overblown. If anything, we have had a mild slow down. We could reaccelerate if the Federal Reserve keeps its strategy of cutting rates. Why didnt i buy the argument the recession, because their whole thesis was about the bond market itself. Remember the inverted yield curve when long rates went before short rates, they told us that was an infallible sign of slow down. I thought it was a false tale. I told you that. Treasury yields, our rates are so much higher than the rest of the developed world. You had tons of foreign money flooding our bond market pushing prices up and yields down. Now the smoke is cleared, and its f
We start in france, where president macrons government will present the budget for 2020 to parliament later. It will include more tax cuts for working people as the government re focuses on boosting Household Incomes after the wave of yellow vest protests that swept the country. On thursday, frances economy minister Bruno Le Maire announced that taxes will be cut by more than 10 billion euros next year to address what he called a social crisis. This, on top of cuts on a similar scale this year. The government claims 95 of households will be better off. The tax cuts come despite weak Economic Growth in france. Official forecasts are for it to slow to 1. 3 next year. The Macron Administration pledged to reform the economy and balance the books by slashing public spending. But widespread protests have derailed that. A point Stephen Sackur put to economy minister Bruno Le Maire, when he appeared on hardtalk earlier this year. It earlier this year. Seems, not for the first time in france, i
Of going up in smoke. And the latest from the markets, this is how they have opened up in europe. And well be getting the inside track on the big tech stories of the moment, including mindreading gadgets and a week to forget for Office Rental firm wework. Also Japan Airlines has introduced a child icon on its seat booking system is it a good idea . What do you reckon . What else would you want to be informed of before boarding a flight . Just use the hashtag bbcbizlive. Hello, and welcome to business live. We start in france, where president macrons government will present the budget for 2020 to parliament later. It will include more tax cuts for working people, as the government re focuses on boosting Household Incomes after the wave of yellow vest protests that swept the country. On thursday, frances economy minister Bruno Le Maire announced that taxes will be cut by more than 10 billion euros next year to address what he called a social crisis. The government claims 95 of households
National archives. Find the chief Service Branch which is a fancy way of saying i run the public side of the buildings. And to provide the welcoming remarks today. Im pleased you could join us in the room were participating on facebook or youtube and also those of you joining us on cspan today. Allan pinkerton, elizabeth and baker. The correspondent for newsweek and he has authored six books on military and intelligence including bestsellers into the commandos and critically acclaimed question of loyalty. James mcpherson described the book as a fast paced narrative of union intelligence operations in Eastern Theater with the fabrications that grew up. It is my honor to be here today and a pleasure to welcome back someone who spent countless hours if not months researching the holdings especially when it culminates with such a good narrative as this one. The section is a testament to the research conducted. You will find numerous. This narrative opens with chapters devoted to the agents
Convection in there. Lightning strikes to the north. Wanna enhance a little bit. 50s, 60s a lot of 60s, little breeze kicking in. Variable temperatures south, southwest. System beginning to swing in. Not getting a lot of rain out of this. Could be some isolated areas. Another system is going to drop in on wednesday. Kind of keep a cool week going. 60s and 70s with offandon rain. Growing list the president ial candidates want to see Supreme Court Justice Brett kavanaugh impeached after another allegation of Sexual Assault. Judge and trump will each be the subject of impeachment discussions this week. Supreme Court Justice and President Trump are both subject of impeachment talks this morning. The question is how far democrats are willing to go . Reporter Brett Kavanaugh has already run the gauntlet accused that his confirmation hearing of Sexual Assault and now again in a New York Times piece. President ial candidate stove in. I think he has disqualified himself for service on the Supre