This year for the u. S. Benchmark , the oil rally in the treasury selloff taking a breather. Paul white house staff told to brace for the furloughs as a Government Shutdown looms with a lastminute deal unlikely. Shery plus evergrande is saying their chairman is suspected of crimes as it enters a new phase. U. S. Futures coming online after stocks rebounding in the new york session and we are seeing those extensions with the gains of up to 1 10 of 1 in the s p 500 so close to that oversold territory. The 14day rsi around 35 and stocks getting a boost from the uaw report that it was set to dial back the pay hikes they were requesting from the carmakers. Still, treasuries, the selloff today, the 10year below 4. 6 and data showing Consumer Spending rose at the weakest pace in a year or less quarter and we had some comments from fed officials that were perceived as a little bit more dovish, so we have the dollar falling for the first time in seven sessions. Take a look accrued, wti above 91
Chapter 11 first 18, dodd said he would destroy anybody who destroys the earth. Do you hear christians talking about that . Host one more phone call on this. Independent from indiana. Caller good mine. There is really no choice deal here. We have a budget problem. A deficit problem. We have severe spending problems. Less and less and less taxes coming in. Consequently, we are going to be facing the sorts of issues on all sorts of these projects. Such as the epa, family planning, all of these things. These things are going to start coming at us and we are not going to have the money to pay for them is what is going on. We can kick and scream about the right and wrong, but the reality is these things may not get totally defund it, but i bet you they all get cut back. Lawmakers dont have much choice. Host that is dan in things montana. An independent color. We will leave it there. Up next, switching topics. Medicare. Last month marked the 50th anniversary. We will talk about two leaders w
States have a good offensive policy. I think it was admiral rogers not that long ago within the last few months said just as much as that, that we dont have a good cyber offensive policy. We talked about it ed a inad infinitum in classified settings for the entire 10 years i was on the intelligence community. We could never get consensus to move to the next place what that cyber offensive is. As a personal note i saw the administration say they will make china pay for the consequence of the opm hack. I cant wait. I cannot wait to see what the heck that thing is. Candidly, im not too excited about whats going to be. We havent crossed that threshold to bring everybody in this room to deal with this problem. Long answer to your question i dont believe they can go extra territorial to what they perceive is a threat at that point. Thank you so much. Thank you if we can give a hand to the speaks. You can see how we can take many hours talking about that. We will roll into the next panel capa
Those clinicians who were providing higher quality, better value care a big movement in general to give patients more knowledge and to let them be more active participants in their own health care. Medicare solved the initial problem. It was designed to solve. But there is so much more that we need to do to make sure that the program improves and of course most importantly, is around for our children and grandchildren. That will be a whole other discussion. What changes would you make . First i think we need to establish that something is happening. As producing much better results. Were not sure what that s there is per capita spending and medicare has essentially been flat or going up about the rate of the gdp. Its unprecedented in the history of medicare. Its always been said that actual was wrong. Were spending much less than predicted. And i think well probably wind up talking this morning about whether this is sustainable or not. But something good has been going on. I also have
See the money in the bank account but they could not spend it until the reform was done. This shifted the political balance because all of a sudden people said they were supporting the subsidy reform because now they could use the cash transfers with incredible opportunity. For various other reasons it did not work out so well now the subsidies are back. I think having done it once there is a chance they might able to do it again. Dudash on the point of if it will be politically easier, it will be politically easier where the economic case is compelling. It can be in subsidies, but it is especially compelling in the whole Energy Sector where there will be they will be desperate to attract Foreign Investment. The kind of oil regime that they have and they are moving in the direction desired by International Oil companies. In general they will be looking for Foreign Investment because there are many good reasons to get Foreign Investment. Particularly Foreign Investment which is a genera