National debt. The Alexander Hamilton society and museum of finance host this. Welcome, as the commemoration of Alexander Hamilton continues. I am the president of the American Museum on american finance. Our partner today is the Alexander Hamilton awareness society, an organization that you turn to for all things hamiltonian. We welcome their leadership, rand, mariana and tom, nicole, sergio, as well as friends of the museum, doug hamilton, dan simon, susie pock in the house. Mike newton, our founder and former board chair, john herzog. And seth caller has brought some amazing original hamilton documents you should check out afterwards. And of course the cspan audience. Now some 20 years ago our board chair professor Richard Sylla wrote me a noke that started with the words a stroke of luc. He had been introduced to a sunni buffalo ph. D. Candidate who was very interested in Alexander Hamilton and early American Financial history. You have to remember, this is well before the show, al
Ago. S p down by 151. And the nasdaq would open down by about 435 points this is limit down, they cant trade lower than this. Declines at 5 across the board. If this holds at the open, heres what you can expect in terms of the nyse Circuit Breakers that kick in. If the s p 500 dropped by 7 during the course of normal trading, trading halts for 15 minutes to have a cooloff period if it falls by 13 , it halts for another 15 minute period if it falls by 20 trading halts for the remainder of the day since these were implemented many years ago, weve never seen the levels tested. If youre watching the treasury market this morning, the ten year, almost impossible to believe watching how quickly things have fallen the ten year is yielding 0. 487 . Its been less than a week since it fell below a 1 yield and we have seen it collapse. Thats a bounce from earlier. So much of this has been keying off to whats taking place to crude prices over the weekend. Well explain what happened but you dont see
Anything and i have nothing to add to that. Because that seems absolutely positively correct the fed will keep rates unchanged and possibly have a message that they are kind of encouraging inflation to go higher one of the most important statements that i think has gotten less play than it should is jay powell said in late october we would have to see rise inflation persistent to consider raising Interest Rates to fight inflation so the fed wants inflation to be higher actually. And theyve contextualized this by saying 2 was our target for many years and we fell short and now we need to fill the gap of which makes no sense to me whatsoever i think it is cover for wanting Interest Rates to basically be below the inflation rate which is the game planner for central bangs and developed countries really around the world and so now we have the tenyear treasury yield and the core cpi is up higher than 2 and yet the Interest Rates are kept below that so foed knows that we have a det roche in
Good morning and welcome to daybreak australia. We counting down to asias major market opens. David im david in hong kong. Stoxx are set to face headwinds, futures are pointing lower amid the u. S. Holiday. Rba decision today, the bank is expecting to hold its key rate. Its governor phil lowes final meeting. On the housing crisis threatening to engulf surviving developers with about two thirds of the 15 major private builders in default. Breaking, alan joyces is stepping down early as qantas ceo after a bad few weeks for the company. Public anger over a series of scandals. We will get to that story later in the show. In the meantime, breaking news out of south korea, all start with gdp numbers, its not important. Whats inflation are the whats important on the Inflation Numbers. Gdp,. 9 . Just this than it takes you to. 6 . That is the gdp story in line with estimates. What is coming in hot right now is the inflation print which looks absolutely nasty on face value. Up 1 on month on mon
Ive got a question. This . Me we live like and it wasnt always that way. For instance, at a stage of history with the socalled. Pure whites of Northern Europe were little better than savages, Eastern Africa had flourishing cultures, and the great civilization of northern china had begun to develop. All people contributed to civilization, reaching high levels at different times, each learning from the experience of the other. But there were certain basic ideas that were common to all branches of the human race, a belief in a supreme being, the home and the family. , how civilized a person is depends on the surroundings in which he grows up. The differences in the ways people behave are not inherited from their ancestors. They come from something called cultural experience or environment. You can watch this and other American History programs on our website where all of our video is archived. That is cspan. Org history. Next on American History tv, political economy professor and author