Finance over the past decade global dead has ballooned by more than 70 trillion dollars which again has been driven by both governments and corporations so christine lets break this down here because were talking about a global debt that is really equivalent to 320 percent again these numbers are so hard to even fathom 320 percent of global Gross Domestic Product how is that sustainable on any level is not sustainable and thats why this rising debt level that has absolutely no signs of slowing down has been flagged by economists as one of the biggest risks for the economy and probably the next breaking point and right now as you point out this is a combination of both Government Debt public that as well as private debt and the private debt its even more concerning even though Government Debt thats the most attention private nonfinancial day in the u. S. Is at 27 trillion versus public debt is at 19 trillion and the reason why private debt is so much more dangerous is because its more p
Stimulus support. Sony posts a 30 drop in firstquarter profits. The conglomerate targets a high score from playstation saying it aims to sell 25 million consoles. Investors are awaiting the latest numbers out of disney. The ceo says he may want to do away with the groups no growth businesses. It is a bit of a turnaround in sentiment for markets. We are almost up 1 in the early hours of trade today. It is a sharp move versus yesterday. Yesterdays session was a downbeat and that continued into the u. S. Markets closing. The focus for investors was the downgrade of several regional banks. The banking index yesterday in the u. S. Finished the session down 1. 3 . China is confirming the country is experiencing deflation. We will talk out that later on the show. The mood as i said is more positive today. Up 9 10 of a percent. Lets get further insight on the breakdown. I want to start with the italian index. This after a extreme day of selling yesterday after the government decided to introdu
Him another opportunity to talk about whats important to him. He didnt shut up but he did a whole rot of dribbling and dunking. Teaming up to beat steph currys team in l. A. Those are some of our top stories on this president s day, monday, february 19th. Announcer from abc news, this is world news now. Good morning, everybody on this holiday. Forget that sit a holiday for many folks across the country. And we begin with the students who made it out of the Florida Shooting rampage alive. The teenagers discovered an impassioned message, one by one demanding strict new gun control laws to keep kids safe. Some will meet face to face with florida legislatures and the president himself. Abcs jim ryan has the latest. Reporter students who survived the massacre in florida are spoking out. This is not about republicans and democrats. Reporter channelling their grief and frustration and calling for a nationwide student and teacher walkout, promoting antigun violence demonstrations in washington
Takeover over apples run can send stocks higher. Everything else is for sale with the dow falling 200 points. S p plunging 2. 4 . Nasdaq down 1. 5 . No new money coming in. Just slashing all over the place. On a day like today, nothing to slosh into. Least today there is mar reeves market. T reeves market. H reeves markea reeves market. Lets start with the drug stocks. Today they simply took your breath away. How can they fall from 101 down to 73 despite making on its hepatitis c . . Despite having so many irons in the fire, how can regeneron, the stock is down now to 38 of. Nothing happened than sales were more fabulous than we thought. I almost hesitate it answer this question because it touched on the third rail. There is a growing believe that republicans can lose the house and senate because of issues at the top of the ticket. If thats the case and we do get a democratic wave, then the democratic bite could be as bad as her bark when it comes to controlling drug price. The market
No new money coming in. Just slashing all over the place. On a day like today, nothing to slosh into. Least today there is reeves market. Lets start with the drug stocks. Today they simply took your breath away. How can they fall from 101 down to 73 despite making on its hepatitis c . Despite having so many irons in the fire, how can regeneron, the Nothing Happened than sales were more fabulous than we thought. I almost hesitate it answer this question because it touched on the third rail. There is a growing believe that republicans can lose the house and senate because of issues at the top of the ticket. If thats the case and we do get a democratic wave, then the democratic bite could be as bad as her bark when it comes to controlling drug price. The market is screaming that it wont pay as much for drug stocks as it would before when it seemed like the Upcoming Elections would leave us with the divide in government because the uncertainty and consequences could be too great. Given tha