This is to break that advantage other than disadvantage and finally from sheila who says the main goal is to make a few people very rich see their transition. The level and whats next after globalization is a book written by former princeton academic Michael Sullivan it told us an analysis of the transition and World Economics finance and power as either globalization ends i guess we need to new Power Centers and institutions the author tells alex why we all need to be ready for this change. Michael sullivan this new book the leveling you say that the end of the globalization evil inevitable how can that be when weve got the great Global Companies bestriding the planet are not the biggest manifestation of globalization whats happening to these everyday work we are reminded of the fracturing of the globalized world we have a trade war going on there is a democratic dispute going on in hong kong those big tech and commercial titans are being regulated in europe theyre being closed out of
Everyday work we are reminded of the fracturing of the globalized world we have a trade war going on there is a democratic dispute going on in hong kong those big tech and commercial titans are being regulated in europe theyre being closed out of the Chinese Market and theyre also vulnerable i think in the states too to the slowing Economic Cycle so everywhere we look globalization is beginning to petero trade as percentage of g. D. P. Is falling the flow of ideas the flow of people is slowing and what i think is happening is maybe not a rerun of the 1000 twentys thirtys as some scaremongers say but were entering into a multipolar world where instead of having you know everything bundled and tied together you have 3 big regions the u. S. China central asia and then europe or the European Union so to defy the globalization is globalization in your view the freedom of Movement People goods that the great increase in world trade it was the the the knocking down of the combination of curre
Welcome to bloomberg daybreak europe. We end the week with a risk on. The msci asiapacific index with a fourth week of gains. The s p 500 yesterday closing within 0. 5 of that record high, lifted by this report of a potential interim deal between the u. S. And china. The 10 year yield goes up another basis points. We have risen more than 20 basis points this week, the biggest weekly gain in that 10 year treasury yield since 2016. 108. 14 is where dollaryen sits. The market seemed to take the easy be decision as ecb decision as dovish. 5 higherended 0. 0 yesterday. Brent heading for a weekly drop with the iea warning that opec faces a looming surplus. Thats get back to the ecb. Mario draghi delivered his final stimulus package after overcoming an unprecedented revolt from projectors. The risks surrounding the euro area Growth Outlook remain tinted to the downside. We still think the probability of a recession for the euro area is small, but it has gone up. Outlook andeconomic continued
Covers labor for bloomberg law. Let me begin with a question front and center in the Democratic Party the debate for medication medicaid , who arefor all advocating a public option and keeping private insurance. What is your view . I thought it created a false choice between Union Members who bargained Health Care Benefits and millions of americans who have enjoyed the expansion of health care through the medicaid system. For decades, our members have been fighting for health in this nation and i think the best of the democratic bait is when we stick to the principal of how are we going to cover americans with quality, Affordable Health care for everyone. Host you support private Health Insurance along with public plans . Guest yes, we support every policy that allows for more people to be covered for health Care Coverage. That is why we think it is so important for working people to be able to join together and bargain a better life by having a seat at the table with their employers a
Of last years daring alterations to save a group of time warriors trapped in a cave we found a new tourist hot spot. And england have pushed through to the womens world cup semifinal they put on a stellar performance to send norway home to win sees england into the final for only the 2nd time in their history and now one of the favorites to win it all. Hello im terry martin good to have you with us World Leaders are in osaka japan for the g. 20 summit theyre facing a ray of problems stretching from the u. S. Showdown with iran to trade tensions between washington and beijing on both those issues the European Union finds itself caught in the middle. For 2 days osaka is the center of the political atlas the leaders of the worlds 20 largest economies flying in for what promises to be a stressful program. Small talk is sure to be drowned out by u. S. President Donald Trumps heavy footsteps as he continues his campaign of america 1st. The trade war he started with china will dominate discus