Ceo of the alan Company Conference in idaho, we will have his take on the latest round of the bed for yahoo will verizon make the big move . The story today around global yields of course. Jonathan lets get everyone up to speed. Softer, up byle 1. 5 here in london, the losses piling up and mainland europe with the dax down by over 2 . If you to the headline in the fx market. The lowest since 1985, down by cured alltime low yields, japan, u. K. , u. S. , 10year yield down by 1. 33 . Crude softer at 45. 98. Gold at a twoyear high. 30 right here, right now. Lets go around the world and check in with our Bloomberg Team for indepth coverage of our top stories today. Guy johnson here in the city on the pound and the Global Equities and the current in asia, turning negative. Yelena shulyatyeva in new york, and possibly more stress for the u. K. Funds. Lets begin in the city with guy johnson. He joins us with a check of the market at the top, the fx market shining bright red yet again. 28 and
In a timely fashion. All right . Thank you, everybody. Thank you, guys. On the next washington journal, the results of the New Hampshire primary. Then we look ahead to the South Carolina republican primary on february 20th and the Nevada Democratic caucuses the same day. You can join the conversation with your calls and comments on facebook and twitter. Road to the white house began in iowa. The caucuses which date back to 1972. Then we move to New Hampshire, that first in the nation primary which has a long and rich history. Now we begin to test the candidates and their message. We move south to South Carolina, the First Southern primary. Then to the Party Caucuses in nevada for the democrats and republicans. More than likely we will see a number of candidates probably drop out of the race. The field will then narrow. And then we move into early march. Super tuesday, the start of winner take all primaries which means the delegate count is critical. As we watch that continue, we will g
President obama released his 2017 budget request today. The 165page budget includes a plan for a new transportation system, a plan to increase clean energy and investments to cure cancer. The budget director and other Administration Officials outlined the proposal at a press conference earlier today. This is about an hour and 15 minutes. Good afternoon, everybody. Nice to see you. In a totally different environment than we are used to. Obviously, today is the day that many of you have been waiting for for a long, long time. The president has released his fiscal year 2017 budget. Were going to have some presentations at the start before we get to your questions. Theres one point that i wanted to make before i turn it over. Its simply this, budgets are important because they enumerate priorities. When you have something this detailed, theres no fudging. It becomes quite clear when you look at the numbers what you believe rates. And thats the importance of this exercise. I acknowledge as
Inflation. Senator shelby do you believe this economy although it is a number years old has peaked or near peaking or will start declining and put us into a recession or you just dont know and something you are watching . Chair yellen we are watching developments very carefully. There is always some chance of a recession in any year, but the evidence suggests that expansions dont die of old age. We are, as i mentioned in my testimony, looking very carefully at Global Financial markets and economic developments that create risk to the economy and were evaluating them, recognizing that these factors may well influence the balance of risks or the trajectory of the economy and thereby might affect the stance of Monetary Policy. At this point its premature to make a judgment we will need in march and our committee will carefully deliberate about what impact these developments have had. Today, i think its premature to render judgment on that. Senator shelby are you saying basically, the fed
As well as why someone would have wound up on a further review list. Its taken us a while to do that and i want to apologize for him out of time. I want to make sure we dont miss the followup and anticipate that you would bet many cant do we have been a timeline . The question there as somebody mentioned earlier the ig said over 70 different locations. Do they want to do any additional review . They have created teams to go into all of those where the ig isnt in those are scheduled to be completed by think by midaugust is the completion time but in the meantime we are going to provide briefings on what the findings were. Thank you very much. Im going to be in reynaud in august. I have to go out there and speak. We will get you the dates. The dates when im going to be here and i will visit. Thank you very much. Lastly we appreciate the opportunity to provide technical input on the leasing issue. I think we furnish some of that information to the staff mr. Chairman that would help us be