John dcatherine t. Macarthur foundation, committed to building a more just, verdant and peaceful world. More informationt oncfound. Org. The Ford Foundation woing with visionaries on the frontlines of socialhange worldwide. Additional support is provided by the abrams foundation, committed to excellence journalism. The park foundation, dedicated to heightening Public Awareness of critical issues. The john and Helen Glessner family trust. Supporting trustworthy journalism that infod inspires. And by the frtline journalism fund, wi major support from jon and jo ann hagler. And Additional Support from ko and patricia yuen, through the yuen foundation. There is nothing more valuable than water. R. And michigan is blessed to be suounded by more fresh wat than anywhere else on the planet. Theyre calling it the dawn transporting fresh water toline but Officials Say. Wo cities, narrator the idea was to turn all that water into money. A new pipeline could bring economic opportunity, could creat
Welcome. Pessimism on a trade breakthrough as the president said hes not ready to make a deal yet huawei tensions heat up. Treasury yields, the dollar slipped as investors are still seeking out safety and government bonds to close out the week joining us for the hour Margaret Duran is back from bda capital partner. So its been a stomachchurning week how are you feeling about the market now thats right. Particularly down 700 points on monday i have to say i stepped in and bought on tuesday. Were going to see more volatility but in a trading range. I think the tariffs we needed a trigger after the run up in the first half and the tariffs when you look at 10 its not helpful. Well slow down growth in different areas but in terms of our 21 trillion economy, its not that big a hit. What kind of stocks were yo beau i think my usual suspects mastercard, costco, amazon, and orphan stock i got shopify which ill talk about later. Lulu for the first time no. I just added that. Oh, okay. All right.
But. Hardly anyone knows how nontransparent this market really yes still for that one tonne of charcoal requires 5 to 10 tons of would. Normally impact on the environment. Where the wood comes from theres often terrible human rights abuses theres poverty theres deforestation theres deserts of occasional ice of the day. But. Its completely unacceptable that tropical rain forests are being destroyed just to produce cheeta charcoal should be happening its madness bonds and. Nigeria with 186000000 inhabitants its the most populated country in africa this is where most of the charcoal imported to the e. U. Comes from its a huge business not only in nigeria paraguayan in south america is another big global player. According to the un over half the trees cut down worldwide are burnt to produce charcoal with severe effects to the climate. Nigerian merchants praise the high quality of charcoal derived from tropical wood its particularly durable and its embers last much longer but these traders
The 10 year yield has just cracked 50. Twostens spread come as you might imagine, 4 basis points. Altria morris and looking at a merger. Phillip morris owners less pleased. London is andrew sheets, chief cross asset strategist at morgan stanley. Andrew, thanks for joining. Since we last spoke to you, weve had many more headlines, but how have we actually moved the needle on trade talks or any kind of agreement . Andrew im not sure that we have, vonnie. I think we are still unfortunately in the place that we were a week and a month ago where there is still quite a bit of uncertainty. You still have this impending deadline on september 1, with more tariffs that are going to go in, and still conflicting signs over what the path will be. I think the most likely path still being escalation. Directlyts of tariffs on growth and uncertainty, Holding Back Business investment, unfortunately are still there. Vonnie andrew, we just cracked 1. 50 on the 10 year yield. Im curious whether we see some
The United States. A federal state utility collaboration. This is a little bit of a different topic for usc a, but one that we are very eager to have a conversation about and im hoping that this will be the first of a continuing conversation because the matters that were going to address this afternoon are taking out of the degree of urgency. Always been urgent what i think myself that urgency is growing so thank you for coming we have an excellent panel here today. For our discussion. We hope to have audience participation as well. Monitoring in todays session is our luck. Mark will provide the discussion and moderate the discussion in the need for Energy Assistance. He is an economist, and is an expert on local and Regional Energy and housingfinancing. He is consulted regularly for federal, state foundation and nonprofit agencies. Hes experience at testifying before congress and he is the executive director of the National Energy assistance Directors Association and the Energy Progra