Have those policies been successful in Going Forward what lesson should policymakers apply with the left and the right . List two great guest first Casey Mulligan is a professor at the university of chicago serving as the chief economist the council of economic advisers with the Trump Administration from 2018 august 2019 and the most recent book just last month is your hired. And michael is the director of Economic Policy studies here at aei author of the American Dream is not dead. Released february of the sheer. To start off casey will speak for about ten minutes then mike will offer a ten minute response and then we will have a Panel Discussion and toward the end at about 1045 we will do q a. Please submit your questions on twitter with ask aei. Good morning. I have some slides to share during my presentation good morning i really appreciate aei organizing this i want to monetize your time you can find more in my new book readers have been time for also coming away agreeing that pop
Thought to be controlled by the Peoples Liberation army. And policymakers seem less likely to go down that route decide besides providing support for a long time. Shery lets take a look at how we are setting up an asian markets. Looks like trending a bit lower in sydney. U. S. Stocks really doing pretty taking overrallies adding to concerns about tougher lockdown measures with the existence of an effective vaccine. Downside about a quarter of 1 and that market along with new zealand looking pretty overheated after the recent run of gains. Continuing to push back expectations for negative rates. Chicago futures moderately positive at the moment. The yen seeing a little bit of a gain but we have seen a new daily record for Coronavirus Infections in japan this week. Authorities hinting they could need to take stronger measures to halt the increase in the spread. S p acted futures up by. 2 sessione active cash sank as much as 1. 5 overnight. Shery lets turn to our top story President Trump
Im becky quick along with joe kerr de kernen and Andrew Ross Sorkin. After two days of optimism, the get out there again trade was on turned around a little bit yesterday. We did see people rushing back to the stayathome stocks as covid cases and momentization hs continue to climb. And some states are imposing restrictions and the nasdaq ended up 2 after being down monday and tuesday. Yesterday the dow ended flat, right now indicated down by about 115. Never made to the record, still waiting circumstanling around tt s p 500 down by 2. 5 and nasdaq indicated up another 51 points this morning these were the stay at home stocks, amazon up, apple up 3 , zoom which had gotten hammered, yesterday up by almost 10 took c docusign 5. 2 and netflix 2. 2 and treasury yields, yesterday it was closed for veterans day this morning it is open and you can see the ten year still around the very heightened levels, again, not historically, but based on what weve seen in recent history within range of 1 a
Will stick around pennsylvania for a while. He has a condo there. He is staying there. In harrisburg, pennsylvania on that. Here is where we stand. Get updates from the states. Get better idea where theyre coming from with the numbers getting closer and closer. We could get a final number on nevada. Nevada is increasingly becoming important state with six electoral votes, if you buy the math where we are right now for joe biden that would do it for him. I say that would do it for him pending all the protests and legal challenges. Lets go first i believe to griff jenkins, guys, first . Griff at wilmington, delaware with how the former Vice President is acting to all the fast moving developments. Griff. Reporter good afternoon to you, former Vice President biden standing by waiting as we are updated numbers out of the state of nevada as president Trumps Campaign takes the legal fight to the silver state. Just minutes ago ric grenell, the former director of National Intelligence and long
Politics at home and abroad for years to come. The ipo has taken a dramatic turn with jack ma and other executives summoned by regulators. The company ahead of scrutiny. Shery breaking news out of south korea. We are getting the october Consumer Price numbers. Month for month, we are seeing a contraction of 0. 6 , really missing expectations of analysts. Not to mention it is a slow down and Inflation Numbers from the previous month. Not surprising given we had a pickup because of the weather related issues. We had monsoon season. And lowerlf Pressure Energy prices. Growth of prices is only. 1 which is a deceleration from the previous year. Not to mention it is under analysts expectations. Only in october we saw bright about 30 lower on average compared to a year ago so we are getting pressure on both numbers. For now, lets turn to the market. We are seeing u. S. Futures slightly higher online. Lets turn to sophie in hong kong. S p adding about 1 10 of 1 at the start of the session in a